PYMNTS

FEBRUARY 22, 2019

The fallout hits everyone involved via a fraudulent transaction, and, as the data shows, account takeovers are on the rise. That’s especially true along the traditional and current methods of authentication , he said. If you think about process overall, it’s all revolving around … [a] balance between risk and friction,” he said.

Credential 52

Credential Account Takeovers Authentication Verification 52

PYMNTS

SEPTEMBER 24, 2020

And in Asia especially, amid the battle of the super-apps, the goal is to drive as much activity through those apps and mobile wallets as possible, through QR payments in shops, lending, ride-hailing and food delivery (to name just a few use cases). For the firms that get it right, the opportunity within APAC is significant.

APACS 98

APACS Risk Online and Mobile Banking Verification 98

Finovate

AUGUST 14, 2024

Use cases for Selfie Reverification include preventing account takeover, securing high-risk transactions, streamlining account recovery and re-verification/re-validation, and more. Founded in 2012 and headquartered in New York, Socure most recently demoed its technology on the Finovate stage at FinovateFall 2017.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

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. One use case of BEC is when fraudsters use compromised data to trick staff into providing further information, such as their bank details or company secrets.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

FICO

APRIL 8, 2020

Identity verification at point of account opening ensures that you have set up an account for a legitimate customer, but you must also be sure that you are still dealing with your legitimate customer at every interaction. It may become necessary to enroll long-term, existing customers for authentication periodically.

Accounts 52

Accounts Enrollments Authentication Verification 52

PYMNTS

JULY 23, 2019

Making sure the person is authorized to use those credentials is critical to establishing trust — and it’s the sweet spot in which Boku operates. Boku, through Boku Identity, authenticates consumers using a device that is an intrinsic enabler of the trust: the mobile phone. Dynamic Vs. Static Authentication .

Authentication 40

Authentication Privacy Credential Compliance 40

PYMNTS

SEPTEMBER 25, 2019

It’s a perfect storm because there are a lot of sharing use cases, there are a lot of platforms, and there are many users across those platforms,” he said. As Ritter noted, email accounts are the first avenues of attack for fraudsters. Gaining access to email gives bad actors an entry point for account takeovers.

Economy 75

Economy Verification Online and Mobile Banking Security 75

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. Cracking the code on digital identity in luxury retail. AI joining what will likely be a long, drawn-out war.

AI 48

AI Account Takeovers Use Case Addressing 48

PYMNTS

NOVEMBER 6, 2017

The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise. Increasingly, the mobile device and the phone number is becoming the second factor in authentication, said Madhu, and fraudsters are retraining their attention there. Phones Are a Vulnerable Target.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

PYMNTS

NOVEMBER 16, 2018

As PYMNTS readers are well aware, the optimism and promise that surround AI (some of it mere hype that will eventually deflate based on actual use cases, of course) are at high levels. 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

Fintech Labs Insights

AUGUST 22, 2024

iProov: Raised $70M, leading the way in online biometric authentication, securing important European governmental contracts. iProov : Raised $70M, biometric authentication tech gaining wider acceptance in security-sensitive industries. Glia: Expanded European operations, launched multilingual support for digital customer service.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

Seon

MAY 8, 2024

By using thousands of real-time device signals, from geolocation and IP information to behavioral data such as battery life, phone orientation and font count, suspicious setups and settings across desktop and mobile devices can be flagged and blocked.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52