Sift

?? This month marks a year since we launched Sift’s Fraud Industry Benchmarking Resource, FIBR, and we’re excited to share the latest updates, including brand new data and metrics, as well as a fresh new look. What’s FIBR? FIBR is a free online tool powered by Sift that allows anyone to access key fraud metrics across industries, geographies, and time. What’s new? - New fraudulent payment data: You can now see which payment methods are preferred by fraudsters, as well as the fraud rates for common payment methods across Sift’s Global Network. - Redesigned user experience: Navigate FIBR more intuitively, with clearer metric definitions and helpful tooltips to add context. What’s interesting? - Credit and debit cards account for the vast majority of fraudulent transactions, but for high-stakes industries like iGaming & Online Gambling, electronic fund transfers and digital wallets are on the rise. - This could indicate that fraudsters may be trying to leverage electronic fund transfers to launder money, and using these payments to access instant cash. ?? Read more about the new updates here: https://buff.ly/4fIPxmS ?? Access FIBR yourself to explore the new metrics: https://buff.ly/3K7l9ES #FraudPrevention #FraudTrends #FraudRates #AIPowered #GrowFearlessly

The digital economy is on track to hit $16.5 trillion by 2028. But with this growth comes an uptick in AI-driven fraud, from account takeovers to promo abuse, targeting every step of the user journey. Our Trust and Safety team explains the fraud tactics used against internet and software businesses, why they're increasing, and what companies can do to protect themselves and their customers: https://buff.ly/3OmSHkD #FraudPrevention #DigitalGoods #InternetSoftware #SaaS

This #FIBRFriday, we want to hear from YOU. ?? We recently updated Sift's Fraud Industry Benchmarking Resource with brand new data: You can now see which payment methods are preferred by fraudsters, as well as the fraud rates for common payment methods across Sift’s Global Network. Explore the new data and tell us what you think. ?? Did anything surprise you? ?? Do any trends align with what you're seeing in your own industry? Take a look here ?? https://buff.ly/3K7l9ES and let us know in the comments below. #FraudPrevention #FraudTrends #FraudRates #FraudulentPayments

This #FIBRFriday, we want to hear from YOU. ?? We recently updated Sift's Fraud Industry Benchmarking Resource with brand new data: You can now see which payment methods are preferred by fraudsters, as well as the fraud rates for common payment methods across Sift’s Global Network. Explore the new data and tell us what you think. ?? Did anything surprise you? ?? Do any trends align with what you're seeing in your own industry? Take a look here ?? https://buff.ly/3K7l9ES and let us know in the comments below. #FraudPrevention #FraudTrends #FraudRates #FraudulentPayments

“AI is going to evolve to better recognize and adapt to new fraud patterns in real time. This is something that rules and more static solutions cannot achieve.” - Kevin Lee, SVP of Customer Experience Trust and Safety at Sift At the recent MRC | Merchant Risk Council Virtual Summit, Sift joined industry leaders, including Jacob Sanchez, Director of Fraud Operations at FanDuel and Oxana Korzun, Fraud Intelligence at Upwork, to explore how businesses can fight AI-driven fraud. From leveraging AI to build trust to tackling evolving fraud patterns, here are the must-know takeaways from the summit: https://buff.ly/3OgvjoO #FraudPrevention #DigitalTrust #AIFraud #AIPowered

?? Get to know the new team members who joined Sift this fall! Meg Stephens, MA, Director, Deal Desk and Renewal Operations Kristin Hart, Field Enablement Experience Specialist Brandon Phillips, Sales Development Representative Stacy Bricker, Accounting Manager Ryan Hikins, Sales Development Representative Kai Edson, Senior Deal Desk Analyst #NewHires #TeamGrowth

?? Travel fraud is taking off — What can businesses do about it? The travel industry is a prime target for fraudsters, with online travel and lodging facing the highest fraud attack rates across all sectors, according to Sift's Fraud Industry Benchmarking Resource (FIBR). That’s why Alaska Airlines, a leader in customer experience and WalletHub’s #1 airline of 2024, partnered with Sift. With AI-powered technology, they're able to tackle fraud effectively while maintaining smooth (and safe) customer experiences. Kevin Lee, SVP of Customer Experience, Trust and Safety at Sift shares how we work with Alaksa Airlines and others in the industry to turn fraud prevention into an opportunity for growth: https://buff.ly/3zYlkRE #FraudPrevention #TravelIndustry #CustomerExperience

Thank you for the kind words Becca Roach, we’re lucky to work with such a great team at Hertz!

?? Be sure to check out our first newsletter for the latest insights and findings in digital trust. #FraudPrevention #Newsletter

Online fraud isn’t just a digital problem—it has real-world consequences. Businesses like Hertz, the leader in car rentals, that prioritize customer experience, have to consider the broader impact of the fraud they face. And because Hertz is unique among hybrid online/offline businesses—with each asset in their inventory of rental vehicles worth tens of thousands of dollars—defending against fraud is mission-critical at both the payment and account level. That's why Hertz has partnered with Sift to tackle fraud head-on. Read our latest article by Sift CMO Armen Najarian to learn how Hertz is driving digital trust and preventing fraud while putting customers first: https://buff.ly/3AP7kde #FraudPrevention #DigitalTrust #CustomerExperience #GrowFearlessly