Categories fraud

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Amazon Asks Delivery Drivers To Take Selfies To Reduce Frauds

Amazon Is Asking Its ‘Flex Drivers’ To Verify Their Identities Using Selfies In an effort to reduce fraud from delivery drivers, the world’s largest online retailer, Amazon, is now asking them to take selfies to identify themselves before they can continue to work. The new requirement is applicable to Amazon […]

Man steals over $122 million from Facebook and Google by sending fake invoices

Man tricks Facebook and Google into paying him fake invoices worth $122 million A Lithuanian man scammed Facebook and Google into paying over more than US$122 million just by sending them random fake invoices. Evaldas Rimasauskas, a 50-year-old Lithuanian citizen, who plead guilty in New York’s Southern District Court last […]

Pool Protector: Leveraging network analysis to prevent payment fraud

A typical organization loses about 5% of its revenue to fraud. For smaller businesses, which are often less protected and less able to absorb loss, the situation can be more severe. Through the Insight Data Science Fellowship, I consulted for a payment service startup who was experiencing significant loss due […]

Fighting Financial Fraud with Targeted Friction

How Airbnb Battles Chargebacks while Minimizing Impact to Good Guests On any given night, nearly two million people are staying in Airbnb listings in 191 countries around the world. The rapid growth of our global community is predicated on one thing: trust. We take a comprehensive approach to trust, which consists of […]

OnePlus checkout system reportedly hacked, customers report credit card fraud

OnePlus confirms investigation of credit card fraud reports Chinese smartphone manufacturer OnePlus’s official online store is assumed to be reportedly hacked after a number of customers are reporting of credit card misuse after their purchase on the OnePlus website recently. The incident came to light when on the OnePlus support […]

Stopping fraudsters by changing products

Lyft’s whole app experience is geared towards getting new users from the App Store or the Play Store to their first ride as quickly as possible. This streamlined process is great for our users, but presents an ever-present problem — how do we prevent bad actors from abusing our lightweight onboarding process? […]

Back in 2011, 50 Cent got into hot water over a penny stock.

Fraud in the Era of Blockchain Cryptocurrency is vulnerable to market manipulation due to a lack of oversight—but can the technology behind it be retooled for regulation? Photo: Anonymous9000 on Flickr Back in 2011, 50 Cent got into hot water over a penny stock. In a series of tweets to his […]