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The digital banking landscape is facing increasingly sophisticated threats—from account takeovers to synthetic identity fraud and automated credential-stuffing attacks. 🌐 Fraudsters are evolving, and so must the defenses that digital banks put in place to safeguard their customers. By leveraging machine learning and real-time data analysis, digital banks can stay one step ahead, identifying suspicious behavior early and reducing the chances of human error. These advanced technologies enable banks to refine their fraud detection strategies, providing both protection and a seamless onboarding experience for legitimate users. 🔒 As the future unfolds, artificial intelligence and automation will continue to shape the onboarding process, allowing banks to automate more, speed up verifications, and cut costs associated with manual reviews. Continuous monitoring of user activity post-onboarding will become the new standard, ensuring long-term protection and enhancing customer trust. 💡 In this ever-evolving landscape, it’s all about staying ahead—securing assets, building strong relationships, and delivering a frictionless, safe experience for customers. #DigitalBanking #FraudPrevention #AI #MachineLearning #CyberSecurity #Fintech

The latest edition of the SEON Fraud Digest offers a brief overview of behavioral biometrics and how behavioral data signals help you proactively detect threats like bot attacks and account takeovers. 🚀 If you haven't yet, subscribe to our monthly newsletter featuring anti-fraud and compliance insights and tips from SEON’s experts and let us know in the comments what topics you'd like us to cover next!

📅 Mark your calendar and register to secure your spot for the upcoming NextGen Payments & RegTech Forum! 👇

🚨Top 5 Fraud Threats in Digital Banking: What You Need to Know 🚨 As digital banking grows, so do the tactics of increasingly sophisticated fraudsters. Staying ahead of these threats is essential for safeguarding both customers and the institution. Here are the top five fraud threats every digital bank should watch out for: 🛑 Account Takeover (ATO) Fraud: Fraudsters steal login details and take control of user accounts. ATO leads to unauthorized transactions and identity theft, making real-time fraud detection critical to stopping suspicious activity in its tracks. 🛑 Phishing Attacks: Phishing accounted for 73% of digital banking fraud cases in 2023. These attacks lure users into sharing sensitive details with impersonators, highlighting the need for customer education and strong email monitoring tools. 🛑 Synthetic Identity Fraud: Fraudsters create “synthetic” identities to exploit credit by blending real and fake information. Advanced ID verification helps catch these attempts. 🛑 Money Laundering: Fraudsters launder funds through quick, global transfers. AML monitoring and KYC are essential defenses. 🛑 Fraud Rings: Organized groups conduct large-scale fraud, exploiting digital banks’ online processes. Machine learning and device intelligence are vital here. Understanding and combating these top fraud threats isn't just about security – it's about trust. Digital banks need to stay vigilant and proactive.

What a great day at Sigma Malta! 🚀 Come say hi to the SEON team at booth 2025, and let's discuss the latest in fraud prevention for iGaming! Stop by to see how we’re making fraud prevention faster, smarter and simpler—keeping your business both secure and compliant. 💪

🌎 At SBC Summit Latinoamérica, Brazil’s upcoming gambling regulations took center stage, highlighting a transformational shift set to impact the entire LatAm gaming industry. As Brazil prepares to launch its regulatory framework in January 2025, operators are racing to understand the compliance, fraud prevention and technology requirements that will shape this new market. From heightened KYC and anti-fraud measures to the pivotal role of advanced technology in meeting compliance, the discussions underscored how Brazil’s new rules could inspire broader regional standards. 💡 Explore our key takeaways on navigating this high-stakes regulatory landscape and the opportunities it presents for forward-thinking operators: https://lnkd.in/dCytcTM2 #SBCSummit #BrazilRegulations #LatAmGaming #Compliance #FraudPrevention

The pay-to-fail trap: Wasting resources in the KYC process 💸 Are you spending time, money, and energy verifying individuals who will never pass your KYC checks? It’s more common than you think. Many businesses fall into a reactive KYC model, only catching fraudsters after investing in costly steps. Each failed verification means wasted resources—funds that could’ve been saved with better pre-screening. And it’s not just about dollars; this approach adds friction, frustrating genuine customers and increasing compliance risks. Don't let your resources funnel into failure. It's time to rethink KYC. #KYC #FraudPrevention #DigitalOnboarding #DigitalBanking

📅 Less than two weeks left until our upcoming webinar! Tell us which of these topics interests you most, and let us know if there’s something else you’d like to learn about. Join us on November 20 to explore the latest best practices and technologies to help you identify good customers from fraudsters early in onboarding. 🚀 Secure your spot: https://lnkd.in/ebdG9Jj8

From the surge of ID verification vendors to the need for adaptable fraud detection, SBC Summit Lisbon back in September was a powerhouse of insights for gaming and sports betting operators. The event highlighted how industry leaders are navigating complex regulatory landscapes, tackling bonus abuse and balancing responsible gaming with fraud prevention. 💡 Next week, SEON is bringing this momentum to Sigma Malta, where we’ll dive deeper into these challenges with tailored solutions for gaming operators. Curious to learn how to stay competitive in evolving markets or harness AI for fraud detection? Let’s connect at Sigma and explore how SEON can help elevate your approach. 🚀 📅 Book a meeting with us: https://lnkd.in/gqAWevyp #SEON #SigmaMalta #SBCSummitLisbon #iGaming #FraudPrevention

🇬🇧 London, here we come! SEON will be at the Fraud Prevention Summit on Wednesday, ready to talk all things anti-fraud and compliance in one of the world’s top financial hubs. Join us to explore how SEON’s advanced tools are shaping the future of fraud prevention. Let’s connect and dive into what tailored, real-time protection can do for your business in today’s complex digital landscape. See you in London! 👋 #SEON #FraudPrevention #LondonSummit #CyberSecurity #Compliance #FutureOfFraudPrevention