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Behind The Fingerprint [February Edition]
Fingerprint
Identify visitors you can trust. And those you can’t. The highest accuracy device identification for mobile and web.
Chargeback fraud, insider threats, and new security challenges. Here's what’s happening in fraud this month.
Businesses are kicking fraud prevention into high gear in 2025, especially in the fast-moving fintech space. As attacks becomes more advanced, Chase is pulling the plug on Zelle payments made through social media, cracking down on fraudsters who have turned DMs into digital crime scenes. Meanwhile, Mastercard is joining forces with Feedzai to battle AI-powered fraud, proving that even financial giants need backup against increasingly sophisticated attacks. These moves highlight a growing shift for proactive defenses to stay one step ahead.
Why Social Engineering is Fintech’s Big Threat
A staggering 68% of breaches involve human error, and 95% of social engineering attacks are financially motivated. Even the most tech-savvy employees can fall for scams. Fintech companies need a proactive approach for implementing security measures that account for human fallibility.
Is It Time to Rethink Chargebacks?
Chargebacks were designed to protect consumers, but today, 75% of disputes are estimated to be fraudulent, costing businesses over $100 billion annually. With major payment networks like Visa and Mastercard tightening chargeback policies, businesses must rely on stronger transaction data and identity verification methods to defend against disputes.
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What's Next in Fintech Fraud Prevention
We’re heading to Fintech Meetup Las Vegas in March If you're attending, make time to connect with our experts and discover how device intelligence is helping businesses in the fight against financial crime.
Secure Logins Without Sacrificing User Experience
While layered security is essential, too many authentication steps can frustrate users and drive them away. The challenge for fintech companies is reducing friction without sacrificing protection. One fast-growing Canadian fintech found a way to cut MFA prompts by 70% while still preventing account takeovers and payment fraud.