Tech Roundup: Most fraud attempts occur on apps

Illustration: Tero Vesalainen / Shutterstock

Welcome to our Tech Roundup, where we bring you the biggest stories in technology and innovation in Brazil and Latin America. This week: Companies and users have different “jobs” when protecting themselves from fraud.

Company apps are top targets for fraud

Among more than 150 million transactions analyzed by AllowMe’s anti-fraud platform last year, more than 700,000 suspected cases of fraud were detected.

State of play. In its Device Fraud Scan 2024 study, presented at the cybersecurity congress of the banking federation Febraban the previous week, the platform shows that most fraud attempts (87.2 percent) took place in company apps, not in browsers (12.8 percent).

“For the first time, we saw higher fraud attempts on mobile devices than on desktops,” explains the director of authentication and fraud prevention products at Serasa Experian, Gustavo Monteiro.
Last year, AllowMe was acquired by Serasa Experian, a credit protection platform. It was purchased for USD 45 million from Tempest Serviços de Informática, a company controlled by Embraer.

By the numbers. Of the fraud attempts identified by AllowMe, 61.24 percent occurred during the...

Fabiane Ziolla Menezes

Former editor-in-chief of LABS (Latin America Business Stories), Fabiane has more than 15 years of experience reporting on business, finance, innovation, and cities in Brazil. The latter recently took her back to the classroom and made her a Master in Urban Management from PUCPR. At TBR, she keeps an eye on economic policy, game-changing businesses, and people driving innovation in Latin America.