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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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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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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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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Payments Source

JUNE 9, 2020

If a fraudster gets hold of a consumer's credentials, everything from mobile wallets, to a checking account, savings account or P2P account is in jeopardy of takeover. Identity fraud holds no prisoners when it comes to payments.

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Payments Source

MARCH 17, 2020

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

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Payments Source

APRIL 14, 2020

With the increase in online activity because of COVID-19, tracking down and investigating red flags might be more difficult given the volume of transactions on existing accounts, unless strict authentication measures are applied, says Giact's David Barnhardt.

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Fintech News

SEPTEMBER 22, 2024

Global highlights: January – December 2023, Source: Confidence Amid Chaos: Managing Fraud and Scams with Data and Analytics, LexisNexis Risk Solutions In financial services, new account creation attacks increased by 12% YoY, driven by increases on the mobile channel, primarily mobile browser. of all cases.

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PYMNTS

MARCH 17, 2020

With a new solution announced Tuesday (March 17), identity trust and digital fraud protection firm Kount seeks to help people avoid the pitfalls and annoyances of account takeover fraud. That includes everything from bots, credential stuffing and malicious, intentional human hacking activity.

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Payments Source

JANUARY 9, 2018

Account takeover's harder to quantify than payment fraud because it has so many elements and downstream impacts, writes Kevin Lee, trust and safety architect at Sift Science.

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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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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. About The Tracker.

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PYMNTS

OCTOBER 13, 2020

Shoppers may be quick to take their business elsewhere if these demands are not met, with 66 percent of respondents saying they had at least once given up opening accounts due to poor experiences. The offering supports merchants’ onboarding and verifying new users as well as securing their accounts. Read more in the Tracker.

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PYMNTS

FEBRUARY 19, 2019

Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. Account Takeover Growth.

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The Paypers

SEPTEMBER 30, 2021

Sift , a US-based fraud prevention company, has reported a spike in account takeover attacks against the fintech sector.

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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.

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Fintech News

JULY 22, 2024

Singapore-based multi-currency e-wallet YouTrip now allows users to transfer funds back to their bank accounts and link their accounts for top-ups. Users can now withdraw funds to their bank accounts using their mobile number or NRIC linked to their YouTrip account.

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Payments Source

DECEMBER 15, 2016

Account takeover risk is also on the rise. The chip card migration is drawing more attention to card not present fraud.

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FICO

JULY 23, 2019

Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.

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FICO

JULY 23, 2019

Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.

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FICO

JULY 23, 2019

Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.

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PYMNTS

OCTOBER 23, 2017

Can fraudsters still take over her accounts? “Of Ersell’s organization specializes in credit card and eCommerce fraud (including account takeover), which calls for different skills and strategies than, say, hacking into merchants’ websites. Webster noted that she always gets her flu shot, but sometimes she still gets the flu.

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The Paypers

JUNE 16, 2022

US-based digital security company Imperva has warned that Account Takeover (ATO) attacks are surging in the wake of growing BNPL adoption.

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The Paypers

AUGUST 2, 2024

Velera , a payments credit union service organisation and an integrated provider of financial technology solutions has unveiled the launch of IDCheck.

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PYMNTS

OCTOBER 25, 2017

Account takeovers have become a new favorite for fraudsters over the course of just a quarter. According to data from the October 2017 Global Fraud Index , a PYMNTS and Signifyd collaboration, account takeover use recently skyrocketed, climbing 45 percent in Q2 2017 alone. All told, merchants lost $3.3

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PYMNTS

JUNE 22, 2018

Dave Endler, co-founder and president of security and fraud prevention solutions provider SpyCloud , noted fraudsters are increasingly turning to account takeovers. In a recent interview for this month’s Smarter Payments feature, Endler discussed the rise of account takeovers, and what companies and consumers can do to combat them.

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PYMNTS

DECEMBER 27, 2016

Account takeovers, even of high-profile people, has become a common occurrence in this era of sophisticated cyberattacks and hacks, but researchers think they’ve found a way to fight back against account takeovers : cryptographically based security keys.

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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

FEBRUARY 13, 2019

(The Paypers) OneSpan has launched an open API, cloud-based Risk Analytics solution to help financial institutions stop fraud, including Account Takeover and New Account Fraud.

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The Paypers

APRIL 25, 2016

(The Paypers) Security experts have discovered that instead of stealing credit card numbers, fraudsters move to account takeover, partly to thwart EMV chip-card technology.

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PYMNTS

SEPTEMBER 29, 2017

Account takeover and the creation of false accounts, Webster and Brown agreed, will be the massive twin issue that financial services players will have to address rather quickly. What we can help with is fighting back the account takeovers and consumer hacks that are now going to be ongoing.”.

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The Paypers

MARCH 21, 2018

(The Paypers) The Ecommerce Fraud Index by Signifyd has revealed that losses from account takeover fraud increased 80 percent from 0.25% in 2016 to 0.45% in 2017.

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PYMNTS

AUGUST 27, 2020

Tens of thousands of stolen Fortnite accounts are being sold on the black market in a $1 billion a year trade, according to Bloomberg. It found that criminals are using automated tools to mass-check for Fortnite accounts from hordes of stolen identities from recent data breaches. Regular ones go for $200 to $250.

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Payments Source

APRIL 17, 2018

ATMs require dual-factor authentication in the form of a physical card and a PIN, and this same concept should be extended to phone transactions, writes Patrick Cox, CEO of TRUSTID.

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The Paypers

JUNE 27, 2022

US-based fraud prevention company Deduce has partnered with Ping Identity for frictionless digital identity experiences.

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PYMNTS

FEBRUARY 10, 2019

Some of OkCupid’ s users have reported that their accounts have been hacked, although the dating site is denying it has experienced a security breach. A user who contacted reporters revealed that a hacker broke into his account and changed his password, as well as his email address on file, so that he couldn’t reset his password.

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