PYMNTS

MARCH 1, 2017

There’s a war going on in the digital world, one that most consumers are unaware of, despite the impact it could have on their money and their privacy — a battle between fraudsters and security providers over account takeovers. Account takeovers accounted for more than $2.3 billion in losses last year.

Account Takeovers 56

Account Takeovers Accounts Credential Authentication 56

PYMNTS

NOVEMBER 16, 2016

There were 34 fraud attacks for every 1,000 transactions in the first quarter of 2016, compared to a level of 15 attacks almost a year ago in the second quarter of 2015. Yet, with EMV, they have gone online, said the Forter executive, even as law enforcement has not kept pace. First, the biggest headline stats. noted Reitblat.

Account Takeovers 82

Account Takeovers EMV Law Enforcement FBI 82

PYMNTS

FEBRUARY 2, 2017

What’s more, the increase in EMV cards and terminals was a driver of shifting to fraud by opening new accounts. Card-not-present fraud increased by 40 percent, while incidence of fraud at the point of sale was unchanged from the levels seen in both 2014 and 2015.

Account Takeovers 50

Account Takeovers Research EMV Data Breach 50

PYMNTS

DECEMBER 21, 2018

Take the transition to EMV in the U.S., Before the liability shift in 2015, the industry-wide prediction was that the onset of EMV would reduce occurrences of counterfeit card fraud in-store, but that the industry should expect to see a spike in card-not-present (CNP) fraud as fraudsters moved to easier targets. “We

EMV 74

EMV Push-to-Card Fraud Prevention Rules 74

PYMNTS

FEBRUARY 10, 2017

Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. It’s expected that the number of account takeover attacks will also continue to grow. Old Tools, New Tricks . has fallen significantly behind the curve.

Account Takeovers 56

Account Takeovers CHIPS Chip Cards Fraud Detection 56

PYMNTS

MAY 23, 2016

Earlier this year, the Global Fraud Attack Index , a PYMNTS and Forter collaboration, found that online fraud attacks have jumped by 11 percent since the move to EMV in October. “The more accessibility to install and download bots there is, the more wary you need to be.”. However, just because botnets primarily stick to the low-hanging (i.e.,

Bots 42

Bots Identity Theft Account Takeovers Online and Mobile Banking 42

PYMNTS

APRIL 22, 2016

In the application of botnets to attack transactions — including, but certainly not limited to, on point-of-sale devices — in 2015, cybercriminals hit just about every eCommerce vertical, save for food and beverage, at a rate never before seen. As the growth of EMV adoption in the U.S.

Identity Theft 40

Identity Theft Account Takeovers EMV Bots 40