Remove Account Takeovers Remove Blocks Remove Identity Theft
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New Report: How Behavioral Analytics Help FIs Block Fraud At The ITM

PYMNTS

These machines can be vulnerable to fraud, however, ranging from physical techniques like card skimmers to digital methods like identity theft. Interactive teller machines (ITMs) offer a variety of services that are normally only available inside a physical branch, like loan applications and cash deposits.

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Study Shows Alarming Rise in Smartphone Identity Theft Among UK Consumers

The Fintech Times

In 62 per cent of smartphone theft cases, businesses face severe financial and cybersecurity risks. Despite company efforts, lax PIN hygiene and open apps on stolen devices pose serious threats, including account takeover and ransomware attacks.

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What Is Account Takeover Fraud (ATO)? Detection & Prevention

Seon

This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud? In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials.

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Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

Fintech News

Similar to some Malaysian banks, the three local banks in Singapore have also rolled out a self-service money lock feature for consumers to independently block their banking accounts if suspected fraud attempts were made on their funds.

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Top 5 Fraud Manager Considerations During COVID-19

FICO

Blocked cards and frozen funds that are under investigation are a major headache to consumers and nimble organizations will be doing all they can to minimize these and to look at how they might make their policies more flexible. This will result in more cases of account takeover during this time and for months ahead.

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5 Common Types of Fraud that Threaten Neobanks

Seon

As neobanks evolve, the one downside of their innovation is that it opens up many new methods of attack for fraudsters, such as identity theft, fraud rings, and account takeover attacks. Identity theft: Scammers can commit identity theft by using methods like phishing and vishing to impersonate genuine users.

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What Are the Risks of Business Email Compromise & How Can You Prevent Them?

Seon

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.