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.

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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… .

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Account Takeovers Online and Mobile Banking Authentication Credential 43

PYMNTS

OCTOBER 16, 2020

Fraudsters deploy a variety of different methods when attacking these apps, ranging from sophisticated methods like account takeovers (ATOs) to impersonation schemes that trick users into sending them money directly. For more on these and other financial crime news items, download this month’s Playbook. About The Playbook.

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Zelle P2P Scams Financial Crimes 89

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.

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Crime Financial Crimes FBI Cybersecurity 66

PYMNTS

JUNE 11, 2019

One of the most insidious forms of fraud is account takeovers (ATOs). As consumers are justifiably apprehensive about handing businesses their personal information, providers are implementing technologies, such as biometrics and two-factor authentication (2FA), to counter the threat of ATOs.

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AI Account Takeovers Online and Mobile Banking Authentication 60

PYMNTS

AUGUST 21, 2020

This reduces the success rate of fraudsters asking for money to be transferred to their own accounts by claiming to be somebody else. For more on these and other digital-first banking news items, download this month’s Tracker. The Security Threats Facing ITMs And How FIs Can Protect Them.

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Blocks Identity Theft ATM Online and Mobile Banking 106

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.

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Online and Mobile Banking Fraud Prevention Authentication Account Takeovers 60

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.

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Assessments Scams Authentication Authorization 52

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.

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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.

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Fraud Prevention Account Takeovers Best Practices Data Breach 60

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.

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Phishing Data Breach Account Takeovers Verification 89

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.

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

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.

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Consumer Authentication Account Takeovers Compromise 58

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.

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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.

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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. .

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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.

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Security Account Takeovers Authentication Payee 52