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London, February 17

Financial crime prevention experts SEON have released a latest report, which highlights some of the most alarming fraud trends of 2023. The information they publish is a reflection of the fraud prevention platform's internal data to provide to businesses and individuals. people the information they need to stay safe for the next twelve months

Here are the most significant findings from the report:• Between October and December 2022, SEON experienced a 12.9% increase in suspicious user behavior, indicating that fraud is on the rise.• From September to December 2022 , the company found that the average amount of money scammers tried to steal per transaction increased by 300%. • The average scammer now uses more sophisticated types of technology to hide while online. • Companies are increasingly using AI in the fight against online fraud, with SEON's two machine learning modules seeing a 30% and 46% increase in usage since September. The new SEON report, published on February 13, paints a troubling picture for both companies and users around online fraud. The post, titled 'Fraud Trends 2023: How They Influence Scammers and Your Business', highlights that not only is fraud on the rise on the internet, but online scammers are now targeting greater amounts of money, and doing so. in an increasingly sophisticated way. As the paper explains, this rise is supported by the advent of powerful AI modules and online fraud tools, which are lowering the barriers to entry around this issue and allowing fraudsters to make attempts of fraud in an increasingly profitable way. Similarly, the global economic recession climate is pushing more people to commit fraud online. The good news is that modern fraud prevention solutions like SEON can mitigate this threat before it grows larger. The anti-fraud platform also uses artificial intelligence technologies, including white box and black box machine learning modules. Increasingly, these SEON modules are being relied upon to address the issue, which have seen usage increases of over 30% and 46% respectively since September 2022. Following the recent acquisition of Complytron, which allows SEON to incorporate Adding to its suite of solutions an API for AML, SEON's new report provides businesses with important information, which could be crucial to staying safe on the Internet for the next twelve months. In addition to documenting some of the key fraud trends it has noticed on its platform, the post stresses the need for more collaboration among fraud prevention experts. Speaking about the new report, Tamas Kadar, CEO and Co-Founder of SEON, commented: "Our new publication highlights the evolving nature of Internet fraud. Clearly, fraud is growing around the world, and those who commit these acts are becoming more brazen and refined in their approach. If we are not careful, emerging technologies , like AI, could be exploited by scammers in even more dangerous ways in the future."We are left with a situation where it really is better to 'fight fire with fire.' The use of anti-fraud machine learning solutions has now become imperative in the fight to address modern fraud, and early research indicates that fraud managers are already beginning to rely on these systems to address the problems they face. Fortunately, with this approach, companies can greatly reduce the risk of fraud for their businesses and their customers." To read the new SEON report, visit https://seon.io/en/resources/latest-trends- de-fraud/Issuer: SEON

Contact Contact name: Laura Gómez Contact telephone number: 447734379418