Sift

Sift's newest report is here: Our Q3 2024 Digital Trust Index is live, and it’s packed with insights on the rising threat of account takeover (ATO) fraud. The report breaks down the latest trends in ATO, consumer behavior, AI-powered fraud, and the discovery of a new identity theft tool available for rent on Telegram. Here’s a snapshot of a few of the findings: - 24% increase in ATO attacks - Which industries are most vulnerable - How 2FA adoption is evolving - AI's role in sophisticated fraud schemes Check out the full report to find out more: https://buff.ly/3B1XgNS  #DigitalTrust #FraudPrevention #ATO #AccountTakeovers #AI #AIFraud #AIPowered #GrowFearlessly #NewReport #FraudTrends

Striking the right balance between security and seamless customer experiences has never been more critical. In a recent webinar, Sift and Nestlé addressed this challenge by sharing insights on using Transaction Risk Analysis (TRA) exemptions to reduce friction at checkout while maintaining compliance with Strong Customer Authentication (SCA). Get the key takeaways from the webinar here: https://buff.ly/3A6UV4f #FraudPrevention #Ecommerce #SCA #TRAExemptions

Coming up on Nov 12 ⤵️ 🔍 How is AI reshaping the future of payments and fraud? Find out at the MRC | Merchant Risk Council Virtual Summit on Generative AI on November 12: This event brings together payments and fraud prevention pros to explore how AI is reshaping the landscape of online payments and fraud. Join Sift speakers Brittany Allen, Raviv Levi, Armen Najarian, and other experts as they share insights into leveraging AI to stay competitive, combat fraud, and improve efficiency. 💡 Key topics: - AI vs. AI in fraud detection - Global AI regulations - AI’s role in eCommerce & cybersecurity 👉 Register now: https://buff.ly/4f0gt11 #FraudPrevention #Payments #AI

🕹️ Webinar Alert 🕹️ For gaming companies, promotions, free spins, and bonuses are great for player loyalty -- but can also invite fraudulent activity. Join Sift, SBC, and our panel of experts on November 7, 2024 at 1400 GMT for a deep dive into how iGaming operators can balance player incentives with fraud prevention and responsible gambling. Our featured panel ⬇️ 🎙️ Brittany Allen - Senior Trust & Safety Architect, Sift 🎙️ Steven Armstrong - ex MLRO and Founder, FRL Compliance Solutions 🎙️ Stephanie Trinh - Senior Product Marketing Manager, Sift 📌 Register here: https://buff.ly/3NPx5wN #iGaming #FraudPrevention #OnlineGambling

Sift is here at Money20/20 Las Vegas! Stop by booth # 5673 to meet our team: Kris Nagel, Armen Najarian, Amrit Gill, Jully Zhu, Brian Pesin, Alexander Hall, Joshua Wortsman, Lynda Phan, and Abby Tang And see our latest fraud and risk innovations for the payments and FinTech industry. #FraudPrevention #AIPowered #Money2020USA #FinTech #Identity

🚨 Is Fraud Messing with Your Margins? 🚨 Join Sift CFO Steve Love and SVP Kevin Lee on November 19 for an exclusive panel discussion, Finance & the Future of Risk. As budgets tighten, CFOs and finance leaders are on the hook to control costs and drive up profitability. Register for our live panel discussion on **November 19** to learn how fraud prevention technologies can be leveraged to reduce losses and boost revenue. This event is a great chance to connect with industry peers, share real-world experiences, and get practical insights on tackling these challenges. 📌 Register here: https://buff.ly/40je6T5 #FraudPrevention #FinanceLeadership #GrowFearlessly #CFO

It's the end of the week, which means another edition of #FIBRFriday, our weekly series where we share insights from our Fraud Industry Benchmarking Resource, FIBR. ⤵ We now have data available from Q3 of 2024 in FIBR, and we're taking a closer look at the ticketing industry, where the payment fraud rate 🚨 jumped ⤴ 67% between Q2 and Q3. Some of the reasons for this spike can be attributed to the increased demand for event tickets, such as concerts and sports games, as well as heightened holiday travel bookings. Fraudsters often exploit these periods of high transaction volumes, now further enabled by the growing accessibility of fraud tools and guides online. 🔗 Remember that FIBR is interactive, explore the tool yourself for more fraud data: https://buff.ly/3K7l9ES #FraudPrevention #FraudTrends #FraudRates #PaymentFraud #DigitalTrust

Learn more about how we've integrated with Ping Identity's PingOne DaVinci™, a no-code identity orchestration service that allows Ping Identity customers to leverage Sift’s platform to prevent account takeover (ATO) attacks and streamline the consumer experience. ⤵

Sift’s account takeover (ATO) solution prevents a median of up to $4.2 million per year in fraud losses per customer. ATO fraud is on the rise, totaling nearly $13B in losses in 2023, yet many still treat it as just the cost of doing business. Fragmented solutions across departments—fraud, IT, security—make it hard to fight ATO effectively. It’s time to unite teams to tackle ATO. Today we’re announcing a major update to our AI-powered platform that brings together teams, insights, and workflows to stop ATO throughout the consumer journey, minimizing risk without adding friction for customers. Take a look at our newest innovations helping businesses get ahead of ATO to protect both revenue and trust: https://buff.ly/3YL8JuN #FraudPrevention #ATO #AccountTakeover #AI #AIPowered #GrowFearlessly

The digital goods and services sector is booming, but so are fraud risks like account takeovers and AI-driven scams. In 2024, there was a 13% YoY increase in the rate of payment fraud attacks across the industry. In our latest blog, our Trust and Safety team breaks down the top fraud risks facing internet, software, and services businesses today—and shares strategies for secure growth. 🔗 Learn more: https://buff.ly/48nMePt #FraudPrevention #DigitalTrust #AI #AIFraud #AccountTakeover