Ravelin Technology’s Post

🔹 Fraud increased for 75% of merchants, with #payments fraud coming in first 🔹 Reputational damage to fraud is becoming a concern: 60% featured in the media and #social 🔹 64% were targeted with #AI fraud tools, plus 51% expect AI-powered fraud to affect their growth Discover all the insights and analysis in Ravelin's Fraud & Payments Survey 2024. Download the 52-page report for free: https://lnkd.in/e8H6A7VF #survey  #report #fraudawareness #fraudprevention #ecommerce #onlineretail #fraud #findings #fraudtrends #predictions #opinion #analysis #fraudfighter #frauddetection #fraudtools #consumertrends #merchants #b2b #risk #reputationmanagement #research #globaltrends #worldresearch #risk #riskmitigation

Is it time to kiss and make up with #3DSecure? Could changing the way we think about 3DS #authentication improve the customer experience, streamline payments and protect merchants' revenues? At RavCon, Ravelin's annual fraud and payments summit, Scalapay's Senior Product Manager Antoine Cathelin joined our own Catherine Jones on stage to chat about what is a bugbear of many merchants: 3D Secure. Watch the recording of their fireside chat, 3D Secure: Why You Should Care, to find out: https://lnkd.in/dzQYM9qx Key insights include: 🔹 How to use 3DS to reduce payment friction 🔹 Why it helps to think of 3DS as data – useful to many 🔹 Creating virtuous circles between 3DS and fraud prevention 🔹 Optimizing authentication flows #SCA #merchants #onlinepayments #payments #onlineretail #cnp #fraud #fraudprevention #customerexperience #optimization #authentication #PSD2 #PSD3 #cardschemes

On one of the sunniest ☀ summer days so far, dozens of Ravelinos arrived in London from far and wide for Ravelin's annual summer party 🎉 celebrating everything we've achieved in the past year and our awesome selves! We started off with rooftop drinks 🍹 at our Old Street office, followed by a pub quiz by quizmasters extraordinaires Mark Connor and Ruben Dunsbergen. Then we headed to the iconic Tattershall Castle pub on the Thames for great music, nibbles, drinks and dancing till well into the evening 🕺 Kudos to Kyrie Burgoine for organizing a day (and night!) to remember – and a massive thank you to everyone at Ravelin for making it such a fantastic place to work 💙!

"We've seen an explosion of fraud in the UK in recent years", said the UK's new Prime Minister in a recent interview to MoneySavingExpert.com. "This is now Britain's most commonly experienced crime [...], whether it's fraud against the public sector, fraud against small businesses, or fraud against ordinary consumers." Ravelin's findings confirm it: The UK is the fraud capital of the world. 📘 Read the coverage in The Fintech Times: https://lnkd.in/dCTGniHG 📘 Download our Fraud Survey 2024 report for free: https://lnkd.in/dCfU9fmj 📘 In a rush? Grab the UK-specific 2-page report here: https://lnkd.in/dZErkX-a #uk #greatbritain #financialnews #ukfinance #ecommerce #onlineeconomy

From insightful conversations and 1-to-1s to brilliant panels and speeches, the Ravelin team had a great time at Fraud Leaders' Summit this week – which we were also proud to sponsor! Lots of discussions revolved around #AI fraud attacks as well as #refunds abuse. To continue the chat, reach out to Miles McGrady, Jack Walshe, Jack Walton or John Barton 💬 #FraudLeadersSummit #fraudprevention #frauddetection #events #fraudfighter #policyabuse #b2b #fraud #risk

🔹 Everything you need to know about fraud in the airline industry: https://lnkd.in/dVsNMJFh 🔹 ✈ Fraud increased for 75.7% of travel-sector merchants in the last year. Among the excitement for sunny getaways, with millions of travelers looking to book a great deal, the summer months are ideal for cybercriminals out to defraud airlines during one of their busiest periods. Read our article to discover the true consequences of fraud against airlines, the causes, real-life examples and practical advice for mitigation. #airlines #vacations #travel #fraudawareness #fraudprevention #IATA #risk #cybercrime #airtravel #hospitality #airtravel

The UK 🇬🇧 is number 1 🥇 in the world for fraudulent activity: 84% of merchants report a rise in fraud and 70% expect it to rise further. This is not the distinction 🏆 we were hoping for. With British merchants seeing more fraud (and more refund abuse) than their international peers, spreading #fraudawareness is key. Read our UK-specific findings below or get the 52-page report for more stats: https://lnkd.in/dCfU9fmj #ukfinance #fraudprevention #fraudtrends #fraudfighter #ecommerce #onlineretail #report #findings #britishcommerce

How to block fraud rings and massive fraud attacks? Let Ravelin's data scientists Philip Clarkson and Ollie Smith explain in this entertaining talk – which was voted as the most popular session at RavCon 24. https://lnkd.in/e7J-2wue

💡 Nearly two-thirds of merchants (63.6%) have already been affected by AI-powered fraud. Discover the sectors most affected in the full 52-page report: https://lnkd.in/dCfU9fmj

Ravelin's Fraud Insiders Dinners are a series of intimate events that bring in touch professionals from across industries to facilitate discussion, sharing and networking. In our latest Fraud Insiders Dinner in Munich 🇩🇪 , we had the pleasure of hosting friends old and new, from Bergzeit, zooplus, Insparx and epay, a Euronet Company at the stunning Restaurant Pageou – where we chatted about everything fraud and payments over a fantastic dinner. Next stop is the City of Light 🇫🇷 during Paris Retail Week. To join us at the Paris Insiders Dinner, register at https://lnkd.in/ddqDbvVk And if you feel that you would benefit from such an event in your city, do reach out! We strongly believe that cross-industry collaboration and open networks of communication is a valuable tool in the face of soaring fraud. #networking #fraudfighter #payments #fraudawareness #industryevents #parisretailweek #munich