Sift

💡 Our newest Q2 2024 Digital Trust Index is live! Key findings—AI fraud on the rise: Over half of businesses are reporting AI-backed attacks on a daily or weekly basis, and almost 70% of consumers say it has become more difficult to identify scams, thanks to AI. 🔍 Discover more insights on AI fraud trends, consumer impacts, and how to combat these sophisticated threats—read the full report now: https://buff.ly/4ezLjyb #AI #FraudPrevention #AIFraud #NewReport #FraudTrends #FraudData #AIPowered #GrowFearlessly

*Upcoming Webinar* Enterprise companies can no longer afford to write off fraud losses. With cyberattacks on the rise, the C-suite must prioritize online fraud prevention to drive growth. Join us on August 21 at 9 a.m. PT / 12 p.m. ET for an exclusive discussion with Sift's CMO Armen Najarian and Vice President and Principal Analyst at Forrester, Andras Cser, where we'll cover the following: 🔍 Understanding the financial impact of fraud. 🔗 Integrating fraud prevention into your customer identity strategy. 🔮 Future-proofing your business with AI-powered solutions. 🤝 Fostering cross-functional collaboration for resilient fraud prevention. Save your spot, register here: https://buff.ly/4dIAEjF #Webinar #FraudPrevention #CyberSecurity #AI #Forrester

What does the future of online fraud detection look like? Experts say it will be the merging of cybersecurity and fraud prevention efforts to tackle sophisticated threats. Gartner's latest report highlights how combining these forces can protect your business and allow you to stay ahead of market demands. 🔗 Get insights and recommendations in the full report: https://buff.ly/4c6hm6q #FraudPrevention ##Cybersecurity #NewReport #Gartner

💡 Great tips from our Senior Trust and Safety Architect Brittany Allen on avoiding tech support scams ⤵ #FraudPrevention #ConsumerSafety #Scams

🛒✨Did you know 17.6% of online orders are returned, costing businesses $100 billion in chargebacks last year alone? Chargebacks, initiated by banks, are complex and costly. Refunds, managed by merchants, are simpler and more cost-effective. Understanding these differences and implementing strategies like clear refund policies and AI-powered fraud detection can protect your business from financial losses and build customer trust. Learn more about preventing chargebacks and refund fraud here: https://buff.ly/4dj3IxC #FraudPrevention #Chargebacks #RefundFraud #DigitalTrust #ECommerce

🔍 Think you can spot an AI scam? Most consumers (73%) believe they can, but overconfidence might be risky. Nearly 80% are worried about AI being used to defraud them, and with good reason. Misleading AI-generated images, imposter websites, and deepfake scams are becoming more sophisticated, fooling even the most digitally savvy among us. For more findings on the role of AI in fraud, check out our latest Digital Trust Index: https://buff.ly/4ezLjyb #AIFraud #FraudPrevention #FraudTrends #NewReport #AI

🎊 A warm welcome to our newest employees! Yuval Shchory Molly Whalen Alexandra Shatova Kyle Link If you're curious about opportunities at Sift, visit https://sift.com/careers #WorkplaceCulture #NewHires #Careers #PeopleCulture #EmployeeSuccess #Hiring

Online marketplaces are thriving, but they also face unique fraud challenges from both buyers and sellers. From fake profiles to false advertising, these threats can undermine customer trust and cause significant financial losses. Here we share how to protect your marketplace, enhance user trust, and keep your community thriving: https://buff.ly/3Yo3FN5 #MarketplaceFraud #FraudPrevention #ECommerce

Sift and About Fraud just wrapped our final Risk Revenue Forum last night in San Francisco. A huge thank you to everyone who came out, PJ Rohall who helped make these happen, and to our speakers Brittany Allen Rosa Y., Jane L., and Raviv Levi!

We're back with another #FIBRFriday, where we share insights from our Fraud Industry Benchmarking Resource, FIBR. This week, we're taking a close look at accounts with loyalty points, which have a high rate of account takeover attacks (ATO), reaching as high as 11% in Q1 of this year, well above other industry averages which hover around 2-3%. Online accounts holding loyalty points are prime targets for account takeover attacks because these points have monetary value and can be redeemed for goods, services, or discounts. Attackers can easily exploit these accounts for financial gain, often with less scrutiny compared to direct financial transactions. And many consumers may not monitor their loyalty points as closely as their bank accounts, making it easier for fraudsters to go undetected. 🔗 FIBR is interactive, explore the tool yourself to compare your business's fraud metrics across industries or geographies: https://buff.ly/3K7l9ES #FraudPrevention #FraudTrends #Fraud #FraudRates #SiftFIBR #FIBRInsights #ATO #AccountTakeovers