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Sift Streamlines Digital Trust & Safety Suite to

Sift Streamlines Digital Trust & Safety Suite to
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Sift uncovers Telegram-based scheme exploiting restaurant apps

Photo: iStock Feb. 11, 2021 Digital safety company, Sift, has identified a cyber-scheme that exploits restaurant and delivery services via the Telegram messaging platform, according to a news release. Cyber-criminals have been using Telegram forums, like the so-called Fraud Market, to promote the purchase of food and beverage orders at heavily discounted (60% to 75% off) rates. Diners who want to take part in the scheme must message the soliciter with screenshots of their delivery service shopping carts, along with the delivery address used to place their orders. Those soliciting such purchases direct-message the diner to buy the items in the shopping cart for a fraction of the actual cost. Then, when the cyber-criminal accepts the order, the diner pays them in cryptocurrency via PayPal, Venmo or Cash App. Finally, the cyber-criminal behind the scheme either creates a new account and uses stolen credit card details or uses a hacked account with stored value to buy the meal and

Deploying Digital Trust & Safety for QSRs

Jan. 26, 2021 Digital Trust & Safety is the key to not only protecting your quick-service restaurant business but growing it. But how do you implement Digital Trust & Safety? Explore the three core elements to successfully rolling out a Digital Trust & Safety approach so you can proactively prevent fraud across a variety of use cases and fraud types, including account takeover (ATO), promo abuse, and payment fraud, as well as the need to deliver frictionless customer experiences for trusted patrons. ABOUT THE SPONSOR Sift makes it easy to proactively prevent fraud, streamline operations, and grow revenue with an integrated solution. Protect your bottomline and stop real-time fraud.Visit Company Showcase »

Sift Appoints President & COO Marc Olesen to President & CEO

Sift Appoints President & COO Marc Olesen to President & CEO 01/21/2021 | 10:30am EDT Send by mail : Message : SAN FRANCISCO, Jan. 21, 2021 (GLOBE NEWSWIRE) Sift, the leader in Digital Trust & Safety, today announced Marc Olesen, the company’s President & COO, has been appointed CEO. Olesen has led Sift’s day-to-day operations since joining the company in 2018 and will now oversee all areas of the business as chief executive. Jason Tan will move to the role of Executive Chairman of the Board and Founder, where he will serve two functions: helping drive alignment between Sift’s Board of Directors and the company’s leadership team, and working on long term product ventures within Sift.

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