PYMNTS

JUNE 25, 2018

Cybercriminals have a new favorite weapon in their quest to allude regulators, law enforcement and corporate security departments: account takeovers. Recent research reveals account takeovers have risen by 300 percent over the past year, with losses topping $5 billion. The Rise Of Account Takeovers.

Account Takeovers 46

Account Takeovers Breach Compromise Payments 46

PYMNTS

MAY 24, 2017

This all comes as no surprise to Brett McDowell, who is working with a team of corporations in verticals from financial services to software to take human error out of the authentication equation, as part of the FIDO Alliance. Because once hackers get their hands on the information, it’s already too late to stop them.

Authentication 40

Authentication Credential Ransomware Phishing 40

PYMNTS

FEBRUARY 28, 2017

With so much buzz surrounding biometric authentication, it should come as no surprise that several companies looked to increase and improve the biometric options they offer over the past month. Who’s winning the account takeover battle? To download the February edition of the Digital Identity Tracker, click the button below… .

Account Takeovers 43

Account Takeovers Online and Mobile Banking Authentication Credential 43

PYMNTS

JULY 21, 2020

The agency recently warned against a variety of different mobile banking hacking attempts, with some hackers deploying fake apps that steal users’ login information, and others leveraging trojan viruses to infiltrate user accounts and pilfer their data. For more on these and other financial crime news items, download this month’s Playbook.

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

PYMNTS

AUGUST 7, 2020

The following Deep Dive examines how fraudsters’ schemes target gamers as well as how data breaches enable bad actors to commit account takeover (ATO) fraud. Other bad actors rely on phishing, in which potential victims receive links that direct them to fake login pages and ask them to input their account details.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

FEBRUARY 14, 2020

The decrease comes as more Australians are downloading payment apps such as Apple Pay, which come attached with upgraded security standards of their own. Orchestrating Complex Authentication And Fraud Decisioning. Creating complex, varied authentication measures is critically important for businesses to keep customer data secure.

Online and Mobile Banking 60

Online and Mobile Banking Fraud Prevention Authentication Account Takeovers 60

PYMNTS

JUNE 14, 2017

PYMNTS asked Tom Byrnes, chief marketing officer at Vesta, to weigh in on the battleground of account takeovers and what can be done to protect sales and boost customer loyalty. Fewer than half of merchants have taken additional steps for account authentication solutions beyond standard login details.

Consumer 58

Consumer Authentication Account Takeovers Compromise 58

PYMNTS

MARCH 18, 2020

High-tech schemes like credential stuffing and account takeover (ATOs) have become commonplace, but many fraudsters still rely on a technique that requires comparatively little technical know-how. Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

Accertify

NOVEMBER 16, 2023

The Paypers Fraud Prevention in Ecommerce 2023 – 2024, Keeping Fraudsters Out While Balancing a Seamless Customer UX has been released and it has been made available for download. It discusses the most common, yet ever-evolving types of fraud, including chargebacks, scams, and account takeover (ATO), with their latest developments.

Fraud Prevention 40

Fraud Prevention Identity Theft Account Takeovers Scams 40

PYMNTS

MAY 23, 2017

Whether it’s safeguarding sensitive personal and financial information from attacks like WannaCry or authenticating travelers at an airport, security is top of everyone’s mind these days. CLEAR, a security line-busting authentication system, recently received a $15 million investment from asset management firm T. About the Tracker.

Authentication 44

Authentication Ransomware Credential Law Enforcement 44

PYMNTS

FEBRUARY 27, 2020

Retail fraud attempts have doubled year over year, for example, while account takeover (ATO) fraud losses recently hit $14.7 The fraudsters spoofed its service providers’ email contacts, and charged the charity for nonexistent services rendered, bypassing its two-factor authentication protocols.

Fraud Prevention 60

Fraud Prevention Account Takeovers Best Practices Data Breach 60

Seon

JUNE 15, 2023

A BEC attack is when a fraudster gains unauthorized access to a business’s account. The most damaging form of BEC is account takeover (ATO) attacks. Ask an Expert CEO Fraud CEO fraud is a catch-all term for the exploitation of the account of a high-ranking organizational official, such as a CEO or an investor.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

FICO

DECEMBER 19, 2022

As customer interactions go completely online, digital identity verification and authentication help — but sophisticated authentication can’t stop all types of fraud. The risks of answering either question wrong should encourage financial institutions to rethink a few things, including: How and when they authenticate customers.

Assessments 52

Assessments Scams Authentication Authorization 52

FICO

MARCH 9, 2022

For consumers, the biggest concerns are falling victim to account takeover (26%), and ID theft (26%). Both bank and card providers have moved quickly to implement additional security measures that address fraudulent activity, namely in the form of new authentication methods. Download the ebook on the UK results for our survey.

Fraud Prevention 59

Fraud Prevention Scams Online and Mobile Banking Account Takeovers 59

PYMNTS

NOVEMBER 20, 2019

A new study from safety solution provider Sift found that 62 percent of QSR customers are concerned that their online interactions with restaurants could be at risk, with 49 percent particularly worried about stolen credit card data and 41 percent about account takeovers (ATOs). Deep Dive: Exploring The Rise Of Gift Card Fraud.

Account Takeovers 44

Account Takeovers On-Demand Credit Cards Authentication 44

PYMNTS

APRIL 26, 2017

It also utilizes a Segment-of-One approach, which entails tracking transactions that occur on the company’s network and using that data to verify the authenticity of consumer identities and their transactions. To download the April edition of the PYMNTS.com Digital Identity Tracker™, click the button below. .

AI 48

AI Account Takeovers Use Case Addressing 48

FICO

DECEMBER 13, 2022

While many FIs have worked to streamline digital banking experiences, they have constantly had to add friction back into processes to prevent fraudster tactics, like SIM swaps, account takeover, and impersonation scams. However, this aversion to badly thought-out identity checks extends to use of existing accounts.

Security 52

Security Account Takeovers Authentication Payee 52