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Virgin Pulse Appoints Healthcare and Technology Leader Chris Michalak as New CEO to Accelerate Company’s Next Stage of Growth

Chris Michalak named CEO of Virgin Pulse

PROVIDENCE, R.I., June 02, 2021 (GLOBE NEWSWIRE) — Virgin Pulse, the leading global provider of health and wellbeing solutions, today announced that the company has appointed healthcare, technology, and HR industry leader, Chris Michalak, as its new chief executive officer to lead the company through its next stage of growth. Michalak will also join Virgin Pulse’s board of directors.

A respected CEO and purpose-driven healthcare technology and services leader, Michalak brings deep knowledge of the rapid transformation taking place in healthcare and more than two decades of leadership experience spanning strategy, corporate development, operations, and talent development. His industry expertise and network, successful M&A experience, and proven record of diversifying and expanding into adjacent growth markets will allow Virgin Pulse to further accelerate its Homebase for Health® strategy.

“The past 18 months have highlighted the critical need for employers and their people to proactively engage with their health and effectively utilize their benefits to ensure better health outcomes,” said Michalak. “As the global health and wellbeing market leader, Virgin Pulse has a significant opportunity to shape a better future for healthcare. I am humbled and honored to lead the company at such a pivotal time and look forward to building on Virgin Pulse’s momentum and solid foundation to create that future. I am particularly excited to help employers, health plans, government organizations, and higher education reimagine health, wellbeing, benefits and healthcare through the lens of Homebase for Health.”

As Virgin Pulse’s CEO, Michalak will lead the company’s growth initiatives and advance its position as a world-class employer, partner, and innovator with a mission to change lives for good through its Homebase for Health. Homebase for Health unifies, simplifies and personalizes member health and wellbeing while providing Virgin Pulse’s clients with a one-stop shop for managing and orchestrating third-party benefits and solutions and streamlining contracting, procurement, eligibility, reporting and billing.

Michalak joins Virgin Pulse from global benefits and payroll provider Alight Solutions, where as CEO, he led the company through significant growth while achieving consistently high client satisfaction and retention rates. During his tenure, Alight more than tripled its revenue growth rate, successfully integrated six acquisitions, and was certified as a Great Place to Work. Michalak was also recognized for his leadership in Software Report’s Top 50 Tech Services CEOs of 2020.

Prior to Alight Solutions, Michalak served as global chief commercial officer at Aon Hewitt, where he led global sales and accounts strategy and managed U.S. sales and accounts functions. He also led Aon Hewitt’s global Client Promise initiative, which established a clear set of commitments to all clients and put in place a methodology for assessing the company’s performance to ensure it met or exceeded client expectations. Michalak also previously served as CEO of global HR consulting firm, Buck Consultants.

About Virgin Pulse

Virgin Pulse is the global leader and premier provider of digital health and wellbeing SaaS solutions and services focused on driving health outcomes and reducing healthcare costs. Featuring the industry’s only true Homebase for Health® that unifies and simplifies the health journey, Virgin Pulse fuses high-tech, high-touch, predictive analytics, AI, and data to support clients and members across the entire health, wellbeing, and benefits lifecycle — from screening and risk assessment to activation, behavior change, and the adoption of sustainable, healthy habits to benefits navigation, condition management, gaps in care closure, and digital therapeutics guidance. Today, 14 million+ users in more than 190 countries rely on Virgin Pulse’s digital and live solutions to change their lives — and businesses — for good. To learn more, visit VirginPulse.com and follow us on Twitter or LinkedIn.

Media Inquiries, please contact: Press@virginpulse.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f07e36f6-5b9e-4fe1-a86d-8482720e2c33

IIBA Announces New Certificate in Product Ownership Analysis

Driving the Creation and Delivery of High Value Products for Greater Business Impact

IIBA Announces New Certificate in Product Ownership Analysis

Product Ownership Analysis Drives the Creation and Delivery of High Value Products for Greater Business Impact

PICKERING, Ontario, June 02, 2021 (GLOBE NEWSWIRE) — The International Institute of Business Analysis™ (IIBA®), the global association shaping the practice of business analysis to achieve better enterprise outcomes, announces the launch of the Certificate in Product Ownership Analysis (IIBA®-CPOA) recognizing the integration of Business Analysis and Product Ownership with an Agile mindset to maximizing value.

Ninety-five percent of respondents from the 14th State of Agile Survey report they practice agile development methods in their organizations marking an increasing demand for skilled product owners to lead, develop, and maximize value of products and services. “IIBA’s new POA program offers a framework for project outcomes to be delivered faster, with a higher impact, and more customer engagement throughout the process,” states Delvin Fletcher, President and CEO, IIBA.

For business professionals, CPOA emphasizes effective execution of product ownership responsibilities with a focus on analysis. The certification provides a new framework extending beyond the traditional, delivery-focused view of product ownership that tightly weaves agility into product development and implementation. Respondents of IIBA’s 2020 Global Business Analysis Survey indicated they are spending thirty-one percent of their time performing Product Owner related work.

LinkedIn’s 2020 Emerging Jobs Report estimates twenty-four percent growth for Product Owner roles in the US alone. Business Analysis professionals with POA knowledge and skills are uniquely positioned to help their organization successfully transition by working as proxy Product Owners, supporting Product Owners on larger initiatives, or stepping into Product Owner roles.

“POA enables teams to deliver exceptional products and services to their customers with proven practices cultivated from a number of approaches including traditional product ownership, agile business analysis, lean product development, human centred design, lean start-up, and design sprints,” says Fletcher.

The Certificate in Product Ownership Analysis focuses on the seven domains of the POA framework. The domains discuss agile theory and describe practical, actionable concepts that can be used to drive product ownership success.

The POA framework domains:

  1. Apply foundational concepts
  2. Cultivate customer intimacy
  3. Engage the whole team
  4. Make an impact
  5. Deliver often
  6. Learn fast
  7. Obsess about value

This new certificate program provides the opportunity for professionals to acquire essential concepts needed to navigate the challenges associated with creating successful products. This certificate helps professionals who work as product owners, support product owners in their work, execute product ownership related work, or are considering product ownership as a career path to achieve their goals by mastering essential POA skills. Armed with the knowledge of key tools and techniques including product roadmaps, value stream mapping, user story mapping, minimum viable product, and story decomposition certificate holders will gain tactical skills to improve product development processes.

IIBA’s Certificate in Product Ownership Analysis is offered in three convenient packages based on practitioner’s needs. The best value is a bundled package that includes the Guide to Product Ownership Analysis in PDF format, POA Digital Access to online modules, and exam fee at USD $345.

​​​​Starting June 1, 2021, IIBA is extending a Member exclusive exam rebate for the Certificate in Product Ownership Analysis (IIBA®-CPOA). Active Members get the IIBA®-CPOA exam at no cost (100% exam rebate) when they purchase and write the exam between June 1 to 30, 2021.

More information about IIBA’s CPOA exam rebate offer, or exam booking can be found at IIBA.org/CPOA.

About IIBA

International Institute of Business Analysis™ (IIBA®) is a professional association dedicated to supporting business analysis professionals to deliver better business outcomes. IIBA connects almost 30,000 Members, over 120 Chapters, and more than 500 training, academic, and enterprise partners around the world. As the global voice of the business analysis community, IIBA supports recognition of the profession, networking and community engagement, standards and resource development, and comprehensive certification programs. For more information, visit iiba.org.

Ann Cain
Director, Communications
IIBA
ann.cain@iiba.org
(289) 275-6847
1-866-789-4422 (toll free)

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/77b42b89-892e-4576-b75a-7ef41329d699

The United Nations to Host Second-Annual Virtual World Oceans Day Event (8 June) Event in Partnership With Oceanic Global

Speakers including the United Nations Secretary-General, Dr. Sylvia Earle, Gael Garcia Bernal, Jean-Michael Cousteau, Alessandra Ambrosio, Sam Waterston, Nathalie Kelley, Danni Washington, Dona Bertarelli, Céline Semaan, Amanda Cerny, and more will address the 2021 theme The Ocean: Life and Livelihoods

United Nations World Oceans Day 2021

The Ocean: Life and Livelihoods

NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) — On Monday 8 June, the United Nations will launch its second-ever fully digital rendition of its annual World Oceans Day event in celebration of its 2021 theme, The Ocean: Life and Livelihoods. Produced in partnership with the non-profit organization Oceanic Global, presented by Blancpain and supported by La Mer, United Nations World Oceans Day 2021 (UNWOD) will be a day-long event featuring keynote speeches, panels, and presentations kicked off by the United Nations Secretary-General and the President of the General Assembly, with leading voices including: Dr. Sylvia Earle, Gael Garcia Bernal, Jean-Michael Cousteau, Alessandra Ambrosio, Sam Waterston, Nathalie Kelley, Danni Washington, Dona Bertarelli, Céline Semaan, Amanda Cerny, and more. While traditionally an in-person event at the UN Headquarters, due to COVID-19, UN WOD became fully virtual and open-to-the-public for the first time in 2020. This year’s celebration will again be open to the world by live stream from 10:00AM-5:00PM (EDT) on the United Nations World Oceans Day website (www.unworldoceansday.org/2021) with the content reshared on the social channels @unworldoceansday. [The UNWOD event will also incorporate a closing concert as part of the day’s programming from 4:30PM-5:30pm (EDT), featuring performances by international musicians including EARTHGANG, Angélique Kidjo, Bomba Estéreo, Little Dragon, Valerie June, Seun Kuti & Egypt 80, and Penguin Cafe.]

The ocean produces at least 50% of the planet’s oxygen, is home to most of earth’s biodiversity, nourishes billions of people and employs millions worldwide. Humanity’s interconnectivity to the ocean is core to our identities, cultures, and ways of life. Since its inception in 2008, UN World Oceans Day has celebrated the ocean and its importance to our planet and our lives. Yet, over the course of the pandemic, the world saw more clearly than ever, just how reliant on the ocean we collectively are. The 2021 United Nations World Oceans Day theme The Ocean: Live and Livelihoods sheds light on the wonder of the ocean and how it is our lifesource, supporting humanity and every other organism on Earth. The event will convene scientists, explorers, experts, and coastal communities from around the world to deepen our understanding of the ocean, explore our connection to it, and discuss the need for building a new balance with the ocean that is inclusive, innovative and informed by those who depend on the it, as well as by lessons from the past.

UNWOD 2021 will start with opening remarks by the United Nations Secretary-General, followed by messages from the President of the General Assembly. Sessions throughout the day will include a video on “Our Underwater World,” with an original composition by Nitin Sawhney and narration by Jean-Michael Cousteau, “Faces of the Sea,” presented by Céline Semaan, “Oceanic Discoveries,” presented by actress Nathalie Kelley, “The Ocean Connecting Us Daily” presented by Actress Amanda Cerny, “Blue Economy and Private Sector Impact” moderated by The Economist’s Martin Koehring, “Our Changing Oceans” featuring science communicator Danni Washington, a panel hosted by the UN Oceans and more. Featured speakers throughout the day include: Actor and Activist Gael Garcia Bernal, Supermodel Alessandra Ambrosio, Surfer Dr. Easkey Britton, Youth Advocate Catarina Lorenzo, OceanX Science Program Lead Mattie Rodrigue, Actor and Oceana Board Chair Sam Waterston, Actress Amanda Cerny, Dr. Sylvia Earle, Jean-Michael Cousteau, World-class Sailor Dona Bertarelli, Pacific Island Explorer Nicole Yamase, Underwater Photographer David Doubilet, and the CEO of Impact Advisory and Finance at Credit Suisse, Marisa Drew, to name a few. The winners of the Eighth Annual United Nations Photo Competition will also be announced by its 2021 Curator, Ellen Cuylaerts.

The annual United Nations World Oceans Day event marks the kick-off “World Ocean Week” (June 1- June 14th) during which subsequent events hosted by members of the Friends of UN World Oceans Day platform and other ocean enthusiasts from around the world will continue the conversation surrounding the official theme of UN World Oceans Day 2021- The Ocean: Life and Livelihoods.

www.unworldoceansday.org
@unworldoceansday

MEDIA CONTACT:
Natasha Berg
natasha@oceanic.global
631-241-0398

A photo and a video accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/3049eb4f-9cba-4bad-838b-508669d439ad

https://www.globenewswire.com/NewsRoom/AttachmentNg/5434ec8e-2008-4e03-a923-45b10715b020

Philips and Akumin partner to advance radiology performance and quality, and reimagine radiology network ecosystems

June 2, 2021

Partnership leverages Philips’ latest Radiology Operations Command Center to improve the access, quality, and productivity of Akumin’s outpatient imaging center network

Amsterdam, the Netherlands and Plantation, U.S. Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Akumin Inc., a leading provider of outpatient diagnostic imaging services in the U.S., today announced a strategic collaboration to deploy Philips’ new Radiology Operations Command Center across Akumin’s outpatient imaging centers and co-create clinical standards for Akumin’s MR and CT imaging modalities.

Designed to centralize, virtualize, and standardize network-wide imaging operations while facilitating secure remote access, Philips’ vendor-agnostic command center broadens the scope of collaboration and expertise sharing between technologists, radiologists and imaging operations teams across multiple sites capabilities that fit perfectly into Akumin’s networked imaging center model. Akumin, which currently operates over 130 outpatient imaging centers across seven U.S. states, is Philips’ first large-scale commercial Radiology Operations Command Center customer in North America.

“We are very excited to partner with Philips on this important strategic initiative to standardize the delivery of clinical care to our patients, while ensuring business continuity, improving ‘first time’ image quality, and increasing our clinical personnel productivity”, said Riadh Zine, President & CEO of Akumin.

“Addressing radiology pain points such as operator variability, training, and the need to standardize and optimize image quality, Radiology Operations Command Center is Philips’ latest innovation in quality and productivity improvement,” said Kees Wesdorp, Chief Business Leader, Precision Diagnosis at Philips. “Deploying Philips Radiology Operations Command Center across Akumin’s center-of-excellence imaging network is the perfect opportunity to further drive radiology workflow efficiency to improve patient outcomes, enhance patient and staff experiences, and reduce the cost of care.”

Leveraging the capabilities of the command center, Philips and Akumin aim to establish best-practice clinical standards for Akumin’s MRI and CT modalities to enable a consistent approach to imaging procedures across the Akumin platform. It will also allow Akumin to implement centralized tailored support for individual imaging centers to improve their on-site clinical expertise.

Philips’ integrated, data-driven radiology workflow solutions connect people, data and technology to advance precision diagnosis and create clear care pathways that lead to predictable outcomes. For example, Philips Radiology Operations Command Center allows technologists and radiologists to have a real-time ‘virtual’ telepresence in any connected MR or CT console room to contribute expertise, guidance and training in acquiring right-first-time images. Its ability to centrally monitor every MR and CT scanner in a network from a single location and orchestrate workflows helps to maintain business continuity, increase enterprise-wide radiology productivity, minimize issues with image quality, and expand access to advanced MR- and CT-based diagnosis.

The Philips Radiology Operations Command Center is the latest addition to Philips’ end-to-end Radiology Workflow Suite, which helps drive clinical and operational efficiency across all phases of the diagnostic enterprise, including patient scheduling and preparation (Patient Management), image acquisition (Radiology Operations Command Center, Collaboration Live, MR Smart Workflow, Radiology Imaging Suite), image and data interpretation (Workflow Orchestrator, Advanced Visualization Workspace – IntelliSpace Portal), reporting (Clinical Collaboration Platform), decision-making, pathway selection and treatment (Tumor Multidisciplinary Team Orchestrator), and follow-up care (Enterprise Performance Suite). The Philips Radiology Operations Command Center supports legacy systems as well as state of the art technology including Philips newest innovation, the spectral detector-based Spectral Computed Tomography (CT) 7500, to expand access to novel imaging across the enterprise.

For further information, please contact:

Kathy O’Reilly
Philips Global Press Office
Tel.: +1 978-221-8919
E-mail: kathy.oreilly@philips.com

Twitter: @kathyoreilly

R. Jeffrey White
Akumin Inc.
Investor Relations
Tel.: +1 866-640-5222
E-mail: jeffrey.white@akumin.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2020 sales of EUR 17.3billion and employs approximately 77,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

About Akumin
Akumin is a leading provider of outpatient diagnostic imaging services in the United States, with freestanding centers located in Florida, Texas, Pennsylvania, Delaware, Georgia, Illinois and Kansas. Our centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders, thereby reducing the need for unnecessary invasive procedures and contributing to lower costs and better outcomes for patients. Our imaging procedures include magnetic resonance imaging (MRI), computerized tomography (CT), positron emission tomography (PET), ultrasound, X-ray, mammography and other diagnostic or interventional radiology procedures.

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Madison Realty Capital Provides $30 Million Inventory Loan for Two Luxury Condominiums at Metropica in Sunrise, Florida

NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $30 million first mortgage loan to Metropica Development for a luxury condominium tower and a ten-acre development site, which includes plans to develop a second 250-unit multifamily tower. The portfolio is part of Metropica, a four million-square-foot master planned community comprised of luxury residences, modern office towers and high-end retail offerings located in Sunrise, Florida.

Metropica Development, led by Joseph Kavana, began construction of the first 263-unit luxury condominium tower in 2017 and has sold 174 units to date. Madison’s loan will be used to support 89 units, representing 101,989 square feet on the upper floors of the first condominium tower as well as the adjacent 250-unit second condominium tower. In addition to the first tower, the Metropica master planned development will include 500 multifamily units, 550,000 square feet of commercial space for luxury retail, dining and entertainment destinations as well as 246 hotel keys.

“We are pleased to deliver a customized and flexible financing solution for the remaining condo inventory in the Metropica Development,” said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital. “Madison’s ability to finance residential projects through every stage of development was highly attractive to Metropica, an experienced local development firm, and we look forward to working with Joseph and his team to support this unique and ambitious project.”

Located at 2000 Metropica Way, adjacent to the Sawgrass Mills shopping mall and BB&T Center, the 28-story Metropica Tower offers luxury residences with an average of 1,034 square feet, top-of-the-line finishes and high-concept designs from Oppenheim Architecture and YOO Studio. The tower’s resort-style amenities consist of a saltwater swimming pool, lounges, movie theater, fitness center, massage and yoga centers, and a children’s playroom.

Melissa Rose of JLL Capital Markets arranged the financing from Madison Realty Capital.

 

About Madison Realty Capital

Madison Realty Capital is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $14 billion of transactions in the multifamily, retail, office, industrial and hotel sectors nationwide. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as one of the industry’s top construction lenders. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

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Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com

Breaking News: Kent Global LLC, to Build Out Their Mergers & Acquisition Division.

NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) — Kent Global LLC. announced today that it will be expanding its Mergers & Acquisition division to now focus on Middle Market transactions, generally, in the $5 to $100 million dollar range.

Mr. Kent, Chairman and CEO of Kent Global LLC, said his firm’s M & A division will intensify their focus and efforts to service merger and acquisition opportunities in six (6) growing middle market areas of:

  • Transportation,
  • Information technology,
  • Manufacturing,
  • Healthcare,
  • Food and Beverage and
  • Energy.

Mr. Kent says it is his desire to make Kent Global LLC a major player in the Middle Market Mergers & Acquisition business.

Contact Data
Thomas J. Kent Jr., CEO
< kentthomas141@gmail.com >
New York, New York
+1-646-207-6801

About Kent Global LLC
Kent Global LLC is a New York City based private boutique consultancy supporting clients around the world from startups to governments. Kent Global LLC has assembled strategic contacts which include money managers and angle investors throughout the world.

Related Links
< www.kentgloballlc.net >

Forward-Looking Statements
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements are not guaranteeing future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Kent Global LLC’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or outcomes include Kent Global LLC’s ability to manage growth; Kent Global LLC’s ability to execute its business plan and meet its projections; potential litigation involving Kent Global LLC; changes in applicable laws or regulations; the possibility that Kent Global LLC may be adversely affected by other economic, business, and/or competitive factors; and the impact of the continuing COVID-19 pandemic on Kent Global LLC’s business.

Source: Kent Global LLC

Feedzai’s Financial Crime Report: Fraud rises by 159% Year on Year

Global study shows fraudsters are cashing in on lifted lockdown restrictions

  • Combining all banking fraud – internet, telephone, and branch – attacks grew 159% in Q1 2021 compared to Q1 2020
  • 93% of all fraud attempts are carried out online
  • Fraud rates on Android devices are significantly higher than iOS, despite having only half the transaction volume of iOS
  • California in the US and Berkshire in the UK experienced the highest regional fraud rates of the two countries
  • Account takeover (ATO) scams hold the top spot for most prevalent type of fraud

SAN MATEO, Calif. and LONDON, June 02, 2021 (GLOBE NEWSWIRE) — Feedzai, the world’s leading cloud-based financial crime management platform, has announced its Quarterly Financial Crime Report , an analysis of over 12 billion global banking transactions from January – March 2021. The report identifies trends in spending and in fraud attempts to show that this past quarter, as consumer activities increased, fraudsters attempted to hide their fraudulent transactions in legitimate banking. In fact, combining all banking fraud – internet, telephone, and branch – attacks grew a whopping 159% in Q1 2021 compared to Q4 2020.

Online banking made up 96% of all banking transactions and it accounted for 93% of all fraud attempts in Q1 2021. This leaves in-branch and telephone banking to make up the remaining 4%. And while the numbers are smaller, in-branch banking did increase by 442% this quarter compared with the last as a result of eased lockdown restrictions as businesses begin to open for trade. In addition, telephone scammers upped their efforts and the report shows a 728% increase in telephone banking fraud.

While many shoppers choose to make purchases from the comfort of their mobile phones, the report also found that Android users are more likely to experience fraud. Of the total volume of fraudulent transactions, 34% were conducted on iOS, and nearly double (66%) were attributed to Android. Despite a disproportionately higher total transaction volume on iOS, Android devices still made up for two thirds of fraud attempts. The report notes that two possible causes for this are Android’s open approach to support third-party app stores, which is more conducive for mobile malware, along with Apple’s penchant for controlling apps on the App store.

Fraud by Numbers – Top 5 Banking Scams

  • Account Takeover (ATO) (42%) – Fraudsters gain access to account credentials and take over the account, which often includes changing the password and address.
  • Account Opening Identity Theft (23%) – Fraudsters open accounts using stolen identities. Victims often become aware of this type of scam when debt collectors come calling.
  • Impersonation Scams (21%) – Fraudsters pretend to be a government official or some type of authority figure to gain access to an account or trick victims.
  • Purchase Scams (15%) – In purchase scams, buyers pay for items online that never arrive.
  • Phishing (7%) – Typically, scammers use emails that trick account holders into revealing personal information.

Fraud by Region

U.S. consumers are beginning to spend more money in other countries and other states, indicating an increase in travel as pandemic restrictions loosened. Combining the lift in travel with the trend in online attacks may shed light on why fraud hit some states harder than others, with a mix of top travel destinations and the locations of large e-commerce headquarters on the list.

The top five states with the highest rates of fraud were:

  1. California
  2. Florida
  3. Washington
  4. Arkansas
  5. New York

Meanwhile, in the UK, the counties that experienced the most fraud were:

  1. Berkshire
  2. Warwickshire
  3. Buckinghamshire
  4. Nottinghamshire
  5. Derbyshire

“As restrictions start to lift in many parts of the world, consumers have been spending more, which gives cybercriminals an expanded playing field,” said Jaime Ferreira, Senior Director of Global Data Science at Feedzai. “Financial institutions need to make sure they’re not only ready for a sizable increase in transaction volume, but also prepared and able to handle the uptick in fraud attempts that goes with it. The Feedzai Financial Crime Report can help shed some light on where financial institutions can focus these efforts to keep their customers transacting safely.”

Access Feedzai’s Quarterly Financial Crime Report to learn more about the latest fraud and consumer trends.

About Feedzai

Feedzai is the market leader in fighting financial crime with today’s most advanced cloud-based risk management platform, powered by machine learning and artificial intelligence. Feedzai has one mission: to make banking and commerce safe by combining fraud prevention and anti-money laundering under one platform to manage financial crime. Founded by data scientists and aerospace engineers, Feedzai is considered best in class by Aite and one of the most successful AI companies by Forbes. The world’s largest banks, processors, and retailers use Feedzai to safeguard trillions of dollars and manage risk while improving customer experience.

Media Contacts:

Igor Carvalho
Head of Global Communications, Feedzai
igor.carvalho@feedzai.com