Fraud.net

JULY 29, 2024

Learn how Fraud.net's award-winning platform helped a BNPL payment processor reduce account takeovers, first payment defaults, and fraud.

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Fraud.net

MARCH 1, 2024

Understand the mechanics of account takeover fraud and discover effective prevention strategies to safeguard against ATO attacks.

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Seon

JANUARY 29, 2024

In this guide, we’ll see why accounts are targeted, how fraudsters acquire them, and, of course, which steps you should take to secure them. This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud?

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Finextra

OCTOBER 22, 2024

A banking loophole leaving account holders vulnerable to fraud can be closed by a groundbreaking development merging open banking with Direct Debit sign up.

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Fraud.net

DECEMBER 1, 2023

Modern account takeover protection requires implementing machine learning, geolocation, and anomaly detection to spot and prevent ATO fraud.

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FICO

MARCH 22, 2022

Account takeover fraud (ATO) occurs when an unauthorized person takes control of an account. The fraudster takes steps to actively control the account, for example by applying for a new card or changing the account contact information or password. What Do Fraudsters Do with Accounts They Have Taken Over?

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PYMNTS

OCTOBER 13, 2020

In this month’s Feature Story, Kiran Akkineni from moms-focused clothing, toys and home goods eTailer Zulily explained why requiring visitors to onboard before viewing items is worth the friction it causes, and how this decision has helped the company reduce cart abandonment and investigate any suspected account takeovers.

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PYMNTS

APRIL 15, 2020

Another threat besides the lack of business is the increased risk of account takeovers (ATOs), as fraudsters exploit the turmoil to steal customers’ data. Deep Dive: QSRs Face Continuous Battle Against Account Takeovers.

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The Nilson Report

AUGUST 12, 2024

The post Velera Introduces IDCheck to Help Combat Identity and Account Takeover Fraud appeared first on Nilson Report.

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BioCatch

FEBRUARY 21, 2024

Other than all of them being famous in their respective line of work, be it Bollywood, cricket, business, or entertainment, they all are victims of account takeover. Some lost money while others lost access to their social media accounts.

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Payments Source

APRIL 4, 2018

The one thing more valuable to consumers than their bank accounts might be their internet access — and a new version of the ‘Trickbot’ trojan targets both.

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The Paypers

OCTOBER 29, 2024

Sift , an AI-driven fraud prevention company, has announced updates to its account takeover (ATO) solution, enhancing fraud risk protection throughout the entire consumer journey.

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The Paypers

SEPTEMBER 17, 2024

Sift has released its Q3 2024 Digital Trust Index, which found that account takeover (ATO) attacks are on the rise, having an increase of 24% across its Global Network.

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Fintech News

DECEMBER 17, 2024

Visa has invested US$11 billion over the past five years in technology to combat fraud, including the development of tools such as the Visa Account Attack Intelligence Score. This solution, launched earlier this year, leverages generative AI to help prevent account takeovers and other types of fraud across shopping platforms.

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Payments Source

AUGUST 1, 2019

Most cloud storage systems have gaps that open the door to account takeover, API attacks and other threats, argues Pravin Kothari, founder and CEO of CipherCloud.

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The Paypers

SEPTEMBER 29, 2022

US-based fraud prevention platform Sift has released its Q3 2022 Digital Trust & Safety Index , detailing the increase of account takeover attacks.

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The Paypers

JUNE 7, 2024

Cybersecurity startup SpyCloud has secured USD 35 million in a funding round aimed at improving its account takeover prevention capabilities.

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Fintech News

SEPTEMBER 22, 2024

Digital fraud attacks patterns, Source: Confidence Amid Chaos: Managing Fraud and Scams with Data and Analytics, LexisNexis Risk Solutions Third-party account takeover as the top fraud type Third-party account takeover was the most common type of fraud in 2023, accounting for 28.7% of all cases.

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Payments Source

AUGUST 22, 2018

Account takeover (ATO) fraud currently drives the largest fraud losses at North American financial institutions within digital channels, according to a new report from Aite Group and Early Warning, the bank organization that operates the Zelle payment network brand.

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Fintech Finance

DECEMBER 4, 2024

Similarly, three in ten (30%) said they experienced attempts at account takeovers, where unauthorized parties tried to gain access to their online business accounts. Additionally, 42% dealt with refund fraud, where customers manipulated refund policies to obtain reimbursements for products or services they were not entitled to.

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PYMNTS

DECEMBER 18, 2020

As PYMNTS' latest Digital Fraud Tracker recently reported , shipping fraud grew 391 percent between 2018 and 2019, while account takeovers spiked by 347 percent over the same timeframe. Digital fraud is a longstanding issue for retailers and banks. The pandemic has only made these issues worse.

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PYMNTS

APRIL 7, 2020

“We cannot outright predict a pandemic any more than we can predict a data breach or an account takeover,” DataVisor CEO and Co-Founder Yinglian Xie recently told PYMNTS. What we can do, however, is empower organizations to proactively spot burgeoning crises early and take decisive action before extensive damage occurs.”

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Fintech News

JULY 22, 2024

To ensure user security, YouTrip has implemented safeguards such as top-up limits and restrictions on withdrawals to the registered PayNow account. These measures aim to prevent fraudulent transfers in the event of account takeover attempts.

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Payments Source

FEBRUARY 1, 2019

The payment systems within these games are conducive to various types of fraud, including account takeovers, that can result in crippling chargeback claims, according to Suresh Dakshina, president of Chargeback Gurus.

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PYMNTS

AUGUST 27, 2020

Account takeovers can be common on online gaming and social networking sites, but gaming accounts can be valuable. Troia said the reasons people go on the black market and pay such fees isn't always complicated, and that “maybe somebody just doesn't want to spend 100 hours of effort to get there," Bloomberg reported.

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Fi911

JULY 8, 2024

Furthermore, the growing sophistication of fraud techniques, including synthetic identity fraud and account takeovers, exacerbates the challenge. Small businesses, in particular, are vulnerable as they may lack the advanced security infrastructure of larger corporations.

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The Paypers

DECEMBER 15, 2022

Passwordless authentication provider Keyless has partnered with identity proofing and compliance solutions provider Jumio to help financial institutions fight account takeover fraud.

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PYMNTS

FEBRUARY 24, 2020

Account takeovers, brute force attacks and credential stuffing are some of the most popular methods, with rewards and loyalty programs being especially tempting targets for their stored payment data and personally identifiable information.

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Payments Source

AUGUST 26, 2019

As mobile payment applications increasingly integrate with social media platforms, fraudsters are using a mix of bots and human labor to increase their chances of a successful account takeover.

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Fintech Finance

OCTOBER 21, 2024

PalawanPay and other financial institutions are taking these threats seriously. Our solutions can accurately detect suspicious transactions without disrupting customer service,” added Tat Wee Koh, NetGuardians’ APAC Sales Director.

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PYMNTS

DECEMBER 17, 2020

Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types.

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Payments Source

DECEMBER 12, 2018

The Marriott incident will open the door to loyalty program fraud, account takeover and myriad other risks, writes Michael Reitblat, co-founder and CEO of Forter.

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PYMNTS

APRIL 9, 2020

Winning The New War With Account Takeover. Brands, he noted, have every incentive to give their best customers the VIP experience — hence they let them create accounts so their credit information, past purchases and associated data can be kept and used to curate and customize the consumer experience.

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PYMNTS

JULY 9, 2020

Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. The July FI Fraud Decisioning Playbook examines how FIs are working to better detect and defend against ATOs.

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PYMNTS

JULY 2, 2020

Account takeover fraud, phishing scams and friendly fraud have all seen upticks of late. But the bad news is that fraudsters see a once-in-a-lifetime opportunity to jump into the increased flow of transactions, Gary Sevounts , executive at fraud detection firm Kount , told PYMNTS in a recent conversation.

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PYMNTS

FEBRUARY 10, 2019

All websites constantly experience account takeover attempts. There has been no increase in account takeovers on OkCupid.”. In fact, the company says on its support pages that account takeovers often happen because someone obtains a user’s login information. “If

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PYMNTS

SEPTEMBER 24, 2019

One of the biggest problems, Blanco said, is account takeover. . Account takeover, which involves the targeting of financial institution customer accounts to gain unauthorized access to funds, is an extremely common cybercrime affecting U.S. financial institutions,” he said.

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