Dark Web - Hello Soda

The Dark Web: Is my data out there?

The Dark Web (which can also be referred to as “The Deep Web” or “The Invisible Web”) makes up at least 85% of the internet. With some sources stating that traditional search engines only see 0.03% of the entire web, we discuss the dark web data risks you need to know about and how you can prevent associated losses.

The Dark Web requires specific software, configurations, or authorisation to access in order to ensure complete anonymity, and transactions are made using currencies such as bitcoin.

Online Payment

Maximising Online Revenue by Reducing Fraud

With the changes in the digital world that are taking place every day, inevitably comes the increased risk of online fraud from occurring. Can this be prevented, and how?

It is becoming apparent that fraud losses within the financial services industry are increasing year on year, with unauthorised financial fraud increased by 16% from 2017 to 2018, totalling losses of a staggering £844.8 million.

Providing Identity Verification solutions for Visa

How Online Payments are Processed

With the decline of your typical high-street stores having a physical presence comes the increase of businesses with an online presence, ultimately resulting in more and more payments being processed online.

These digital payments are not just for e-commerce businesses, but also businesses in other industries such as Money Transfers or Foreign Exchanges and Gambling.

Alongside the rise of card and online payments inevitably comes the greater risk of payment fraud – whether this be through stolen credit cards or impersonation fraud.

Hello Soda - KYC & AML Checks

What’s the future for identity verification?

As we know, FinTech developments are causing continuous waves of change within the payments industry. With an influx of new alternative companies entering the payments sphere traditional brick-and-mortar banks are concerned. FinTech alternatives can provide a seamless user journey with greater customer service and easy use. However, lack of security continues to hampered growth in the market.

Providing Identity Verification solutions for Visa

The Payments Industry’s Digital Evolution

The payments industry is the foundation of financial services and critical for functional business. It is an industry that has evolved significantly since its outset. The rise of the digital revolution is no different. In most recent years fintech advancements have revolutionised the payments industry and physical money could be a thing of the past as payments made with a smartphone become commonplace within society. 

Facial Recognition vs Facial Authentication

Is facial recognition verification really secure enough?

Officially well into the digital age, there is a wave of identity verification technologies sweeping the market, but determining whether one will strike the right balance between security and convenience for the consumer can be tricky.

Traditionally, verifying your identity for a service such as applying for credit, setting up a bank account, or transferring funds is lengthy. Often requiring visits into branch with original documents (e.g. utility bills, bank statements, birth certificate or passport), it is an inconvenient process which can take up a significant amount of time for the consumer (as well as many man hours for the business).

Risk Mitigation & Fraud Prevention

Reducing fraud in the payments space requires more than just a passport scan…

Most businesses look to avoid friction at all costs in the user experience – and for good reason. But friction isn’t always bad. It exists for a reason and is only ever introduced when necessary.  

Card-Not-Present (CNP) fraud – occurring for the most part during online transactions – is on the rise, increasing by 40% from 2016 to 2017, and accounted for approximately two thirds of all card fraud in 2016. The same research found that Airlines were the most affected by this type of fraud, with money transfer companies following as the second most affected.

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