Feedzai, the market leader in fighting financial crime with AI, has joined the Global Anti
Scam Alliance (GASA) – a not-for-profit organisation whose goal is to protect consumers
across the world from scams – as a corporate member.
GASA brings together governments, law enforcement, consumer protection organisations,
financial authorities and commercial organisations to share insights on scams and define
concrete solutions to turn the tide on scams.
By joining the alliance, Feedzai will bring its expertise and knowledge in fighting financial
crime with AI, providing invaluable insight to strengthen GASA’s networks and working
groups.
More than $55 billion was lost by consumers last year in cybercrime, while the number of
scams reported to law enforcement grew to nearly 300 million*. However, due to the fact
that scammers work globally, and law enforcement operate locally and regionally, less than
1% of all cybercriminals are prosecuted.
GASA’s mission is the change that by bringing key stakeholders together and facilitating the
sharing of key data, knowledge, lessons learned, intelligence and evidence-based research
so they can:
● Educate the public about the different types of scams, how to recognise them, and
how to protect themselves from falling victim.
● Understand the nature and scope of scams, and to develop effective solutions to
combat them.
● Discuss the results of existing policies and the development of new legislation to
protect citizens against scams.
Daniel Holmes, Fraud Prevention SME, Feedzai said, “We have developed a market-leading RiskOps platform powered by AI and machine learning, so have unique insight and unrivalled knowledge in both identifying and preventing scams. We are proud to partner with GASA so we can share the knowledge and insight we have to support its mission to protect consumers across the globe from fraud.
As a GASA corporate member we will work with organisations globally to tackle scams –
sharing insights and best practice and will be regular contributors to working groups. We will then look to share the information with our customers to help improve their own anti-fraud programmes.”
Jorij Abraham, Managing Director, GASA said, “By bringing together key stakeholders in the fight against cybercrime, we are able to facilitate the sharing of knowledge, data, tools, research, policy and legislations across jurisdictions for a joined-up approach to scam prevention.
We are very happy that Feedzai is joining GASA as Corporate Member. Feedzai’s
know-how and data on fighting financial crime using AI will strengthen GASA’s knowledge
sharing network. Helping all participants to protect consumers worldwide more from online
fraud and scams.”