All posts by Managing Editor, Experian Software Solutions

Getting to grips with the shifting fraud landscape

We take a look at the shifting fraud landscape and how your business can get to grips with it using CrossCore

Digital payments are on the rise and so is account takeover fraud but it’s preventable

In a report made available this month, Juniper Research anticipates that in 2024, remote purchases for digital and physical goods will exceed 285 billion transactions per annum; an 80% increase on the figure for 2019.  And, that values will increase by nearly 60% to over $9 trillion. It’s impossible to look at these numbers without considering the impact of the massive migration to digital channels that businesses and their customers made to stay engaged during the early response to Covid-19. Finding ways to support customers and their needs remotely has been met with a lot of creative solutions and we see new trends taking hold. For example, “buy online and pick up in-store” and “buy now and pay later” provides customers the access they need for goods and services now with a lot of conveniences. Convenience is a significant part of the customer experience but unfortunately can expose a business to a lot of fraud. According to David Britton, “Fraudsters will always be at the forefront of technology exploitation.” There is evidence of this not only in technological innovation but in the manipulation of human behavior, otherwise known as social engineering. According to Juniper, new technologies such as artificial intelligence will take social engineering to unseen levels of success, like the rise we're seeing in fictitious or synthetic identities. But while it might seem like an impossible problem to manage, businesses have solutions available to them to prevent fraud, including using AI against cybercriminals. In fact, Experian believes that there the layered approach to fraud detection and prevention can significantly protect businesses, and their customers, throughout the credit lifecycle, and withstand the changing face of fraud. Check out the report on key trends and capabilities required for securing digital payments and find out more about Experian's solution on the Juniper Research Leaderboard. Related content: Protect your family from potential fraud when kids are playing video games Getting to grips with the shifting fraud landscape

Upskilling your teams when traditional classroom approaches aren’t feasible

Making sure your team has the right tools and knowledge to service customers to minimize business disruption during a crisis.

Proactively restructuring debt to help improve customer affordability

We look at the five key areas businesses should be considering when it comes to customer affordability in the new world of Covid-19.

Q&A: Biometrics as the catalyst for trust in a socially distanced world

We look at how businesses around the world are using biometrics and how consumers feel about it.

The Rise of Sophisticated Phishing Scams: What Businesses Need to Know

Mike Gross, Head of Global Identity and Fraud at Experian, recently spoke to Jill Malandrino at Nasdaq Trade Talks about the key things to watch out for when it comes to phishing scams.

Digitally managing your at-risk customers most impacted by Covid-19

The challenges businesses are facing when digitally managing thier at-risk customers in times of crisis

Stay connected to your customers in times of unexpected change

Whether going digital was a part of your strategic plans or not, business leaders of all company sizes must rapidly adapt to this new normal and be prepare for the future post-pandemic.

Passwords Need To Make Room For Advanced Authentication Methods

Birger Thorburn, global CTO at Experian Decision Analytics, explores the effectiveness, efficiency and evolution of passwords.

How digital transformation is defining a new way to do business

Birger Thornburn talks to Forbes about the three ways digital transformation is changing how we do business

Insights in Action Podcast: Exploring the perception disconnect on digital experiences

In this episode of Insights in Action David Britton talks about how businesses worldwide are driving towards a more consumer-centric approach in both their operations and structure.

Forbes Podcast: Looking to Data, Analytics and AI to plan the way forward

Shri Santhanam, speaks to Forbes' Peter High on his Technovation podcast about Experian's Analytics and AI solutions.

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