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David Divitt

Senior Fraud Product Manager
VocaLink
Member since
22 Jan 2009
Location
London
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Followed by John Sims, Martha Boyle and 5 others you follow
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David's opinions

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David Divitt

What's the link between the price of electronics and fraud?

We all know that fraud has been rising pretty steadily in some form or another over the past decade despite efforts to stem it. We have been able to control areas in which fraud was prevalent by implementing technologies and processes to make it much more difficult for fraudsters to accomplish their crime, but in general, that tends to simply shif...

11 November 2013 /security /payments

David Divitt

Lifecycle of a fraud

Card fraud is a massive problem around the world, costing banks and consumers time and money. Even when we seem to be making headway the criminals find another way in, which is why we see stats such as those from the UK earlier this year, which showed that fraud losses on UK issued cards climbed 14 per cent last year to hit £388 million, the first...

28 October 2013 /payments /regulation

David Divitt

Bayesian v Neural Networks

Payment fraud evolves constantly, changing and adapting to the systems, networks and infrastructure. Criminals are always on the lookout for a weak link in the payment cycle to exploit, altering their behaviour to extract maximum value from their fraud activities. Responding to this ever-changing landscape is the responsibility of everyone involved...

22 October 2013 /payments /regulation

David Divitt

What's really behind the Courier Scam?

The recent article talking about the “Courier Scam” published in The Guardian is an interesting read for those of us in the industry, and an important one for both consumers and banks to pay attention to. While the police’s explanation of the scam seems plausible, I actually think the scam may have been even more sophisticated. The police figured t...

19 August 2013 /security /payments

David Divitt

Blurring the line between risk and fraud

In the past, risk and fraud systems were managed separately, by different teams with different strategies and objectives. It’s been that way for many years, but we’re now starting to see a softening of the boundaries, especially at PSPs and merchant acquirers. Many of these firms are pioneering the drive to bring together risk and fraud into one co...

11 March 2013 /security /regulation

David Divitt

The changing nature of fraud

The reduction in fraud levels seen in Australia once again reiterate the potential savings that can be delivered if countries roll out EMV technology, and it will be interesting to see if the current non-EMV countries such as the US reconsider their stance as these stories continue to come through. However, the rise in CNP fraud in Australia shows...

07 December 2010 /security /payments

David Divitt

Not just another Manic Monday

According to Kelkoo - the online retail comparison website - and Visa Europe, Monday 29 November is the busiest online shopping day of the year. Visa Europe expects 3.8m purchases worth £265m to be made using Visa cards and Kelkoo says that online shoppers are expected to spend £537m on Christmas gifts today. These numbers demonstrate just how i...

29 November 2010 /regulation /retail

David Divitt

Getting one view of financial crime

Anyone who has worked in a bank, or has spent any length of time working with them, knows that technology silos are all too commonplace. Many banks have one system to process debit card payments, another for credit, a third for online banking, and the list goes on. The same applies for fraud prevention and detection, where many banks aren't yet ta...

27 October 2010 /regulation /sibos

David Divitt

Don't be discouraged from online banking

This story shows the lengths to which criminals will go to commit fraud, and the PCeU must be congratulated on breaking this criminal gang. However, it is important that stories like this don't discourage consumers from banking online. As an individual there are a number of steps that people can take to help protect themselves from fraud - includi...

29 September 2010 /security

David Divitt

Internet banking faces a new threat

The recent announcement of the multi-channelled Zeus attack on a user's internet banking account is an interesting hypothesis and surely will not be the last when it comes to beating the ever advancing online banking systems. The attack method currently seems to use the mobile phone as a forwarding device for any one time password that is delivere...

27 September 2010 /security /payments

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David writes about

  • security
  • payments
  • regulation & compliance
  • sibos
  • retail banking

David's opinion archive

  • 2013 (5)
  • 2010 (10)
  • 2009 (4)

Latest groups joined by David

  • Transaction Fraud Systems and Analysis

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Simon Newstead

Simon Newstead
Industry Strategy Director at VocaLink

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