eCommerce is a trillion-dollar industry. But as the popularity of online shopping grows, so does the risk of refund fraud, which now costs businesses more than $25 billion every year. Refunds are a standard cost of retail — especially in eCommerce. But online shopping makes it much more difficult for businesses to investigate and verify valid refund demands from customers. Some customers take advantage of these difficulties by committing refund fraud.

Buy now and pay later (BNPL) services are the latest trend in the market, which is catching up with consumers and retailers quickly. Unfortunately, even the perpetrators are increasing in this system which have a potential to cause harm to a raising solution in finance. This blogs discusses how BNPL fraud can be prevented using Digital Verification Solutions like Identity Verification, AML screening, Digital Onboarding and Document Verification.

WhatsApp is ranked as the most popular mobile messenger app in the world. In fact, there are two billion active users on the app. This is an incredibly large audience. Unfortunately, it is also a huge number of potential victims for criminals to target.

September 05, 2022. INETCO® Systems Limited, a global leader in real-time payment fraud prevention and cybersecurity software, is pleased to welcome Agility, a leading provider of managed cybersecurity solutions in Brazil, to INETCO’s reseller ecosystem.

Healthcare fraud, waste, and abuse cost taxpayers billions of dollars. According to a report published in BusinessWire, the global healthcare fraud analytic market may reach US$ 5.69 billion by 2027. Detection of fraud leads to hefty fines, criminal proceedings, and incarceration for the concerned individuals in organizations. 2021 saw a peaking of medical fraud and abuse, according to the latest report of the HIPAA journal.