PYMNTS

JUNE 13, 2019

One of the latest involves hackers successfully accomplishing account takeovers (ATOs) of users of Zelle, the digital payment service. More businesses are adopting artificial intelligence (AI) and other technology to fight fraud. According to the AI Innovation Playbook , 63.6 acquire personal data via account takeovers.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

PYMNTS

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Why AI, MFA Are Necessary Within Call Centers .

MFA 46

MFA Multifactor Authentication AI Authentication 46

PYMNTS

AUGUST 19, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of QSR rewards programs and how credential stuffing and account takeovers are plaguing the industry. Chipotle has been using artificial intelligence (AI) and machine learning (ML) for risk assessment with human assistance when necessary.

Account Takeovers 63

Account Takeovers Data Breach Bots Credential 63

PYMNTS

MAY 28, 2020

Kount’s solutions are part of a network of trust and fraud signals known as the Identity Trust Global Network, connected in real-time to the company’s next-generation AI, which brings together unsupervised and supervised ML.

Fraud Detection 52

Fraud Detection Fraud Prevention Account Takeovers Bots 52

PYMNTS

JULY 13, 2020

Account takeovers (ATOs) are a growing source of pain for financial institutions (FIs) and their customers, with losses from these attacks rising 164 percent in 2018. Some of these attacks see bots entering random words and numbers, while others involve entering common usernames and passwords.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

DECEMBER 21, 2020

“Kount Control applies protection, policy customization and reporting to give restaurants [a] complete [safeguard against] account takeover,” he said. Meanwhile, Kount’s Event-Based Bot Detection can stop malicious bots, allow good bots and quickly analyze, classify and adapt policies to new and questionable bots.”.

Bots 60

Bots Fraud Detection Account Takeovers Breach 60

PYMNTS

OCTOBER 8, 2020

A survey found that 62 percent of customers worry about fraud — such as pilfered payment details, account takeovers or fake reviews being left in their names — when interacting with QSRs. As a retailer, you can say there's no practical purpose why a customer would be trying to log on to your network using a bot.

Innovation 56

Innovation Account Takeovers Fraud Detection Bots 56

PYMNTS

APRIL 2, 2020

The trouble, Kount ’s Chief Customer Experience Officer Rich Stuppy told PYMNTS in a recent conversation, lies in discerning a good customer from the fraudster who has stolen their payment credential, lifted their identity or taken over their account.

Account Takeovers 61

Account Takeovers Credential Accounts Bots 61

PYMNTS

OCTOBER 1, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of digital ordering, including the rise of artificial intelligence (AI) and machine learning (ML), especially for QSRs protecting themselves against fraud. There’s no question that consumers are increasingly using mobile apps to order food.

Data Breach 57

Data Breach Breach Account Takeovers AI 57

PYMNTS

SEPTEMBER 17, 2020

Sharing economy businesses looking to keep their guests safe must deter data breaches that continually threaten organizations and can allow cybercriminals to steal usernames and passwords to access accounts. Other account takeover (ATO) schemes involve bots, which can conduct some 100 hits per second.

Verification 89

Verification Authentication Economy Data Breach 89

PYMNTS

JULY 12, 2019

Increasingly, call centers are turning to artificial intelligence (AI) for an assist. According to the latest Call Center Commerce Tracker , the global call center AI market is projected to increase at 28.5 According to the study, predicted losses due to account takeovers at call centers are set to reach $775 million by 2020.

Consumer 54

Consumer AI Account Takeovers Best Practices 54

PYMNTS

SEPTEMBER 3, 2019

Fraud takes many forms, from account takeover attacks to identity theft. Bots are used for click spamming, which simulates a high number of clicks that appear to be from real devices. Some fraudsters hijack legitimate clicks instead of generating them with bots. AI Solutions. trillion, an increase of 49.5

Bots 46

Bots Identity Theft Account Takeovers AI 46

PYMNTS

AUGUST 19, 2019

Artificial intelligence (AI) and machine learning play key roles in assessing risky transactions, as they can analyze thousands of transactions in a fraction of the time it takes a human analyst. In many situations, an AI can do the job all on its own.

Bots 43

Bots AI Account Takeovers Security 43

PYMNTS

JANUARY 9, 2019

Undoubtedly, Siddiqui added, account takeovers have emerged as the biggest threat for luxury retailers, especially during the holiday season. “We The Importance Of AI. These bots] navigate the website in the ways you would expect from a real user and then perform their attacks. …

Fraud Detection 43

Fraud Detection Data Breach Account Takeovers Breach 43

PYMNTS

SEPTEMBER 1, 2017

Then, there are those who are really having fun with voice tech – like Alegeus , which taught its voice assistant Emma to tell wry jokes between explaining how consumers’ health plans work, and like Catalia Health’s Mabu, a physical bot that blinks and builds relationships with the patients it serves. What Needs to Happen Next.

Identity Theft 52

Identity Theft Bots Account Takeovers Automation 52

PYMNTS

DECEMBER 2, 2019

Ticketmaster is one of many online ticket sale platforms that have acted to protect their offerings against emerging threats, such as account takeover (ATO) attacks and credit card fraud. Getting to Know Fans With Data. The program’s goal is twofold, Karyo said.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Account Takeovers Credit Cards Duplicate 52

Finovate

AUGUST 14, 2024

From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. More specifically, Experian is looking to bolster its defenses against AI-generated fraud threats.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

Seon

MAY 28, 2024

Focusing on combating key issues like bonus abuse, multi-accounting, bot activity and affiliate fraud, we’ll examine the attack vectors that can diminish trust and financial stability if they are not addressed efficiently. Can You Spot the Bot? This allows for better efficiency through eradicating redundant checks.

Security 52

Security Fraud Prevention AML Bots 52

PYMNTS

NOVEMBER 16, 2018

That idea served as a major thread in a recent PYMNTS podcast discussion between Karen Webster and Brighterion CEO Dr. Akli Adjaoute about artificial intelligence (AI) and payments. Companies can use AI to strengthen the level of insight they have about markets, customers, everything,” Adjaoute said. That’s the promise.

AI 43

AI Fraud Prevention Online and Mobile Banking Money Laundering 43

PYMNTS

OCTOBER 8, 2019

A is For AI . But knowledge isn’t just data, Meltzer-Paul explained, but the right artificial intelligence (AI) tools to parse what it all means. “We We’ll continue to evolve our data analytics capabilities, and AI is one area we’re exploring.”. In many situations, AI can do the job all on its own. B is For Bigger .

AI 47

AI Bots Account Takeovers Debit Card 47

PYMNTS

OCTOBER 29, 2018

The various parts come together to produce a nefarious whole, one that targets personal and payment data to enable product or identity theft , account takeovers and other illegal activities that, left unchecked, can ruin lives and take down companies.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

Seon

MAY 8, 2024

The rise of generative AI is a double-edged sword, yielding significant productivity benefits while empowering fraudsters to craft more intricate and convincing scams at unprecedented volumes and velocities. This is where you can integrate residential proxy detection to bolster bot attack mitigation.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52