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

Last call! If you haven't already, be sure to register for tomorrow's webinar with Sift's Kevin Lee and Alexander Hall ?? Just in time to help your team gear up for the 2024 holiday season -- we'll discuss holiday fraud trends and actionable strategies to prepare your fraud, finance, and customer ops teams for the season. ?? OCT 10 ?? Register now: https://buff.ly/3N9tjy5 #FraudPrevention #HolidayFraud #DigitalTrust #FraudExperts

We're excited to work with Aghanim to ensure a trusted, safe environment for their users with a powerful anti-fraud solution for mobile games. Learn more Aghanim and our collaboration here: https://buff.ly/4eB4mYB #FraudPrevention #AIPowered #Gaming #Fintech

Is your business relying on OTPs and 2FA to secure accounts? While these are powerful tools against account takeover (ATO) attacks, they’re not foolproof. In a world where cybercriminals are using sophisticated OTP bots to intercept, steal, or bypass one-time passwords, businesses need to stay ahead. Sift’s Trust & Safety team explains how these malicious OTP bots work and what you can do to protect your customers and accounts from these types of threats. https://buff.ly/4esngAP #AccountTakeovers #ATO #FraudPrevention

"This shift towards the democratization of fraud is helping make even the most basic fraudsters—and even laymen fraudsters—professional-grade and borderless in their operations, posing significant challenges for businesses trying to keep pace with these evolving threats." In her latest blog, Sift's Stephanie Trinh breaks down the "tri-layered" approach businesses need to stay ahead: integrating global fraud insights, industry-specific behaviors, and business-level risk signals. Read how this strategy can help improve fraud detection accuracy and protect your company from evolving threats: https://buff.ly/3TVzgm8 #FraudPrevention #DigitalTrust

Is your business ready for the holiday season and the inevitable spike in fraud attacks? This week, join Sift experts Alexander Hall and Kevin Lee for a live discussion on how fraud, finance, and customer ops teams can prepare. ?? Save your spot here: https://buff.ly/3N9tjy5 #FraudPrevention #HolidayFraud #DigitalTrust #FraudExperts

Planning to attend the MRC | Merchant Risk Council conference in Amsterdam? If so, we invite you to join us for a networking dinner on Monday, 14 October! ?? If interested, like this post or leave a comment and we'll follow up with more information. And don't forget to catch our live panel with Sift’s Kevin Lee and Turo’s fraud experts, Ceri Hunt and Ben Smith, for a discussion on first-party fraud and refund scams. #MRC #MRCAmsterdam #FraudPrevention #DigitalTrust

It's the end of the week, which means another #FIBRFriday, where we share insights from our Fraud Industry Benchmarking Resource, FIBR. Last week we talked about the increase in adoption of 2FA across businesses and industries in Sift's Global Network, and the shift in consumer sentiment toward MFA. Today, we're showing you which industries had a higher (or lower) than average 2FA rate in Q2 2023 to Q2 2024, according to FIBR. Do any of these industry trends surprise you? Share your thoughts in the comments. ?? Check out our latest Digital Trust Index report for more FIBR findings: https://buff.ly/3B1XgNS ?? And remember that FIBR is interactive, explore the tool yourself to compare to explore fraud benchmarks: https://buff.ly/3K7l9ES #FraudPrevention #FraudTrends #Fraud #FraudRates #2FA #MFA #AccountTakeovers

Headed to the MRC | Merchant Risk Council conference in Amsterdam? Register now to get some 1-1 time with our team, see a demo of our AI-powered fraud platform, or RSVP to our exclusive networking dinner: ?? https://buff.ly/4dEcvu8 ?? And don't forget to join Sift’s Kevin Lee, along with fraud experts Ceri Hunt and Ben Smith from Turo for a live panel on tackling first-party fraud and refund scams on *October 15* at 11:30 EET! #MRC #MRCAmsterdam #FraudPrevention #DigitalTrust

It may be hard to believe, but the holiday season is fast approaching. For businesses, this means increased sales volume, changing consumer spending patterns, and -- unfortunately, a spike in fraud. Join Sift fraud experts Alexander Hall and Kevin Lee on *OCT 20* for a webinar designed to help fraud, finance, and customer ops teams gear up for the season. Register now to learn actionable strategies to help your team navigate the season smoothly: ?? https://buff.ly/3N9tjy5 #FraudPrevention #HolidayFraud #DigitalTrust #FraudExperts