Payments Source

MARCH 17, 2020

Digital fraud protection provider Kount has launched a security layer designed to prevent account takeover.

Account Takeovers 69

Account Takeovers Accounts Security Identity Theft 69

Fintech Weekly

OCTOBER 17, 2024

Account takeover (ATO) attacks which are unauthorized access and control over a user's account, have led to massive financial fraud over the past few years.

Account Takeovers 78

Account Takeovers Accounts 78

Bank Automation

NOVEMBER 21, 2023

Account takeovers using stolen credentials and related financial crime increased by 354% year over year in the second quarter, according to the September “Q3 2023 digital trust and safety index” report by […]

Account Takeovers 75

Account Takeovers Accounts Money Laundering Financial Crimes 75

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.

Account Takeovers 101

Account Takeovers Small Business Phishing Scams 101

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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Account Takeovers Accounts BNPL Processors 59

Finextra

APRIL 2, 2025

Trustfull, a leader in identity intelligence for fraud prevention, today announced the launch of Login Solution, which analyses hundreds of behavioural and device-related signals to combat surging account takeover (ATO) fraud.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention 52

The Fintech Times

FEBRUARY 3, 2025

Account takeover scams saw a dramatic increase of 250 per cent last year. Staying ahead of evolving strategies such as AI deepfake-generated documents and biometrics, emerging technologies, and bad actor account takeover tactics are crucial in protecting your business, safeguarding data, and building trust with customers.

Deepfake 81

Deepfake Account Takeovers Identity Theft Verification 81

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.

Account Takeovers 98

Account Takeovers Accounts 98

Fraud.net

MARCH 1, 2024

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

Account Takeovers 52

Account Takeovers Fraud Prevention Accounts Identity Theft 52

Fraud.net

DECEMBER 1, 2023

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

Account Takeovers 52

Account Takeovers Best Practices Accounts Fraud Detection 52

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?

Account Takeovers 52

Account Takeovers Accounts Authentication Data Breach 52

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?

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

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.

Account Takeovers 69

Account Takeovers Accounts Federal Trade Commission Verification 69

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.

Account Takeovers 61

Account Takeovers Accounts Fraud Prevention Risk 61

The Nilson Report

AUGUST 12, 2024

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

Account Takeovers 52

Account Takeovers Accounts Posting 52

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.

Account Takeovers 83

Account Takeovers Accounts Consumer Security 83

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.

Account Takeovers 52

Account Takeovers Accounts 52

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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Account Takeovers Accounts Fraud Prevention AI 36

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.

Account Takeovers 36

Account Takeovers Accounts 36

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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Account Takeovers Breach Security API 104

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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Account Takeovers Accounts Fraud Prevention 41

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.

Account Takeovers 36

Account Takeovers Accounts Cybersecurity Security 36

Fintech News

FEBRUARY 4, 2025

Unlike its regional counterparts, where fraud types like triangulation fraud and account takeover fraud are more common, Singapore has seen a rise in more sophisticated and creative forms of fraud. With its high level of digital payments maturity, the country has witnessed shifting trends in fraudulent activities.

Fraud Prevention 105

Fraud Prevention Phishing Authentication Disputes 105

Fintech Finance

DECEMBER 9, 2024

Antom EasySafePay streamlined digital wallet payments procedures, eliminating the need to redirect from merchant checkout page to the users wallet app, and offers full account takeover protection to wallet users, and lead to significant payment success rate increase.

Embedded Finance 97

Embedded Finance Cross-Border AI Cross-Border Settlement 97

The Fintech Times

DECEMBER 6, 2024

Thirty per cent also said they experienced account takeover attempts, where unauthorised parties tried to gain access to their online business accounts. Cyberattacks didn’t stop there.

Account Takeovers 80

Account Takeovers Phishing Small Business Cybersecurity 80

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.

Accounts 143

Accounts Scams Bots Account Takeovers 143

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.

Account Takeovers 92

Account Takeovers Mobile Payments Zelle Phishing 92

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.

Account Takeovers 133

Account Takeovers Blocks Fraud Prevention Rules 133

The Payments Association

JANUARY 17, 2025

Account takeover and multi-accounting are on the rise Account takeover, where cybercriminals take ownership of online accounts using stolen passwords and usernames, and multi-accounting, the practice of opening multiple accounts to take advantage of promotions or playing bonuses, both saw a huge surge in 2024.

Account Takeovers 88

Account Takeovers Verification Payments Accounts 88

Fintech Finance

FEBRUARY 4, 2025

Over this period, Ravelin has established itself as a market leader in identifying payment fraud, account takeover, return & refund abuse, promotion & voucher abuse and marketplace fraud, and performing 3D Secure authentication.

Fraud Prevention 57

Fraud Prevention AI Acquirers Account Takeovers 57

Finovate

APRIL 15, 2025

Illuma IllumaShield by Illuma streamlines caller verification with a frictionless voice biometrics authentication solution that protects against account takeovers. Financial institutions such as credit unions, banks, and OEM captives interested in serving more low and moderate income (LMI) consumers in auto.

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Credit Union Account Takeovers Community Banks Non-Bank 52

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.”

Account Takeovers 85

Account Takeovers Data Breach Mitigation Breach 85

Finovate

FEBRUARY 10, 2025

Feedzai’s Digital Trust is effective against account takeover (ATO) attacks as well as new account fraud attempts during onboarding. It combines behavioral biometrics, behavioral analytics, advanced malware detection, and network and device assessment to provide active and preemptive defense against threats.

Financial Crimes 64

Financial Crimes Crime Fraud Prevention Account Takeovers 64

The Fintech Times

MARCH 30, 2025

IronVest (New York) a cross-channel fraud prevention platform that fuses user identity with intent to eliminate account takeovers, scams, first-party fraud, and onboarding threats.

Innovation 80

Innovation FinTech AI Underwriting 80

Fintech Review

APRIL 20, 2025

The risks range from phishing and account takeovers to ransomware and insider threats. Why Finance Needs It Financial institutions are frequent targets for cybercrime. Attackers pursue data, funds, and access to infrastructure. Yet, as services move to the cloud and users expect instant access, the attack surface expands.

Finance 52

Finance Security Fraud Detection Encryption 52

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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Account Takeovers Fraud Detection Phishing Fraud Prevention 97

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.

Accounts 112

Accounts Multi-Currency Account Takeovers On-Demand 112