PYMNTS

DECEMBER 2, 2019

Insidious shopping bots infiltrate eCommerce sites year-round, but the holiday season brings them out in droves, with 20 bots for every one human, NBC reported on Saturday (Nov. The bots are “largely operated by organized gangs of cybercriminals,” noted the report.

Bots 43

Bots Account Takeovers Cybersecurity Credential 43

Fintech News

MARCH 20, 2024

This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution.

APACS 104

APACS Fraud Prevention Deepfake Account Takeovers 104

PYMNTS

MAY 23, 2016

According to Distil Networks, for every cool, new bot — designed to help make shopping, weather, travel and even real estate easier — there are bad bots being created that post a serious security threat to consumers. Bad bots are more prevalent on hardwired networks than on mobile, but their numbers are growing,” Essaid stated.

Bots 42

Bots Identity Theft Account Takeovers Online and Mobile Banking 42

Fintech Finance

MAY 22, 2024

A key component of this growth in attacks was fraudsters’ focus on account takeover of ecommerce accounts, with the attack rate at login reaching 3.3% (an increase of 119% YOY). Human-Initiated Attacks Experience Rapid Growth – While bot-initiated attacks maintained a steady 2% YOY growth to reach 3.6

Account Takeovers 52

Account Takeovers Risk Bots Scams 52

PYMNTS

MARCH 14, 2020

“The goal of the attack is generally to steal credit card information, guess shopping cart tokens to take over the shopping session, or exfiltrate consumer account PII (personally identifiable information) that can be used to perpetrate other fraud.”. percent of all eCommerce fraud , is still account takeover.

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Account Takeovers Credential Automation Bots 92

Finextra

MARCH 20, 2024

In addition to fraud networks, the upgraded solution will also help businesses address other pertinent fraud issues such as account takeovers, chargeback fraud, bot attacks and more.

Fraud Prevention 52

Fraud Prevention Account Takeovers APACS Bots 52

PYMNTS

APRIL 9, 2020

Winning The New War With Account Takeover. Brands, he noted, have every incentive to give their best customers the VIP experience — hence they let them create accounts so their credit information, past purchases and associated data can be kept and used to curate and customize the consumer experience.

Account Takeovers 94

Account Takeovers Fraud Prevention Push-to-Card Accounts 94

The Paypers

OCTOBER 21, 2020

Bot management solution provider Netacea has been selected by UK-based credit marketplace ClearScore to protect against credential stuffing attacks and account takeovers.

Bots 28

Bots Account Takeovers Credential Accounts 28

The Fintech Times

AUGUST 17, 2024

Insights from behavioural analytics help mitigate: fraud in real-time prevent identity theft account takeover bot attacks next-generation bot attacks fraud rings This will empower businesses to provide a seamless customer experience. Jack Alton, CEO at NeuroID “We are in a new era of fraud driven by AI.

Risk 59

Risk Fraud Detection Bots Identity Theft 59

PYMNTS

FEBRUARY 26, 2020

When you’re looking at account takeovers, for example, it’s predominantly automated bot attacks that have an identifiable signature,” Curt Garner , Chipotle’s chief technical officer, explained in an interview with PYMNTS. “As

Credential 56

Credential AI Fraud Detection Account Takeovers 56

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. When you’re looking at account takeovers, for example, it’s predominantly automated bot attacks that have an identifiable signature.

Account Takeovers 63

Account Takeovers Data Breach Bots Credential 63

PYMNTS

SEPTEMBER 21, 2018

This year, fraud will probably bring more account takeovers than last year, according to experts — along with the theft of gift cards, loyalty points and other consumer data ID. Account Takeovers. The 2018 holiday shopping season seems likely to feature account takeover as a bigger fraud feature than in years past.

Account Takeovers 58

Account Takeovers Fraud Prevention Accounts Bots 58

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

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.

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Verification Authentication Economy Data Breach 89

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

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

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. “This view arms companies with a proactive, first line of defense to detect sophisticated fraud rings and bot attacks.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

APRIL 15, 2020

Older users are less familiar with banking online, so they are being increasingly targeted in account takeover attacks. They’re sending bot armies against log-in pages to brute-force passwords out of them. Call centers are much busier than normal, while employees working from home are under much more frequent assault.

Online and Mobile Banking 80

Online and Mobile Banking Scams Bots Risk Management 80

PYMNTS

MAY 28, 2020

Recently, the company debuted Kount Control Account Takeover (ATO) Protection, which the company says is the only technology to provide three layers of protection against bots, credential stuffing and complex ATO attacks.

Fraud Detection 52

Fraud Detection Fraud Prevention Account Takeovers Bots 52

FICO

OCTOBER 30, 2017

These include card-not-present fraud, such as e-commerce; other products and payment channels such as wire fraud, real-time payments, and other products and channels that are either net-new or have less sophisticated controls; different regions; and most significantly, identity-based fraud in the forms of account takeover and application fraud.

Identity Theft 72

Identity Theft Account Takeovers Best Practices Data Breach 72

PYMNTS

JUNE 13, 2019

One of the latest involves hackers successfully accomplishing account takeovers (ATOs) of users of Zelle, the digital payment service. Fraudsters are getting more sophisticated, making use of bots to mimic typical online shopping behavior. acquire personal data via account takeovers.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

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

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

PYMNTS

APRIL 24, 2018

Of these, none are more insidious than Account Takeover, aka ATO. The highest bidder then uses a bot to run automated scripts that test username and password combinations against the breached site to weed out accounts that no longer work. Under it, there are numerous types of categories and attacks. It Takes All Kinds.

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Bots Breach Credential Data Breach 50

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?

Security 52

Security Fraud Prevention AML Bots 52

The Paypers

MARCH 23, 2022

Israel-based cybersecurity company Radware has announced that Scandinavian airline SAS will be using Radware’s Bot Manager to protect its booking site, flysas.com, from account takeover attacks.

Account Takeovers 28

Account Takeovers Bots Cybersecurity Accounts 28

PYMNTS

JUNE 26, 2018

Account takeovers are finding favor among fraudsters. Account takeovers have the double-barreled effect of being easier to complete successfully — for the bad guys — and are harder to head off (by the good guys). Furthermore, the company said that bots are being used to abuse stolen credentials.

Account Takeovers 46

Account Takeovers Faster Payments Breach Credit Cards 46

PYMNTS

SEPTEMBER 24, 2020

Those lines of defense can indeed be effective, said Donlea, “as long as details in that consumer's account have not already been changed through an account takeover.”. Traditional wallets in the APAC region market have relied on two-factor authentication or one-time passwords.

APACS 98

APACS Risk Online and Mobile Banking Verification 98

PYMNTS

OCTOBER 1, 2019

These businesses felt unequipped to handle mobile attacks (32 percent) and synthetic identity fraud (32 percent) in equal measures, while account takeovers posed problems for 25 percent. What’s being done about the increase in mobile attacks?

Data Breach 57

Data Breach Breach Account Takeovers AI 57

PYMNTS

AUGUST 10, 2020

Many fraudsters are attempting to skim advertising dollars by duplicating apps and restoring ads, while others are targeting rewards systems by using bots to give them unfair advantages in matches, providing phony GPS locations or changing game criteria,” states the Digital Identity Tracker®. Security Is All Fun and Games.

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Credential Account Takeovers Authentication Duplicate 56

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. Experts estimate that total fraud losses in 2018 totaled $3.9

Bots 46

Bots Identity Theft Account Takeovers AI 46

Fintech Finance

MAY 30, 2024

Mangopay’s Fraud Prevention solution provides a fully integrated and payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover by both bots and humans, reseller fraud, payment fraud, chargebacks, and return abuse.

Fraud Prevention 52

Fraud Prevention AI Payment APIs and Integration Fraud Detection 52

PYMNTS

JULY 21, 2020

This month’s Deep Dive examines the ways that bad actors try to exploit P2P payment app users via scams and account takeovers (ATOs). This problem puts many at risk of falling victim to scams. It also details how payment service providers can up their defenses against such threats. Fraudulent Sellers.

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P2P Scams Security Account Takeovers 60

PYMNTS

APRIL 22, 2020

Tracking consumers’ keystrokes or typing speeds can help indicate the presence of a bot or other automated technologies fraudsters may use for account takeovers (ATOs) or new account fraud attempts, for example.

Security 53

Security Online and Mobile Banking Authentication Account Takeovers 53

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.

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MFA Multifactor Authentication AI Authentication 46

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

JULY 12, 2019

According to the study, predicted losses due to account takeovers at call centers are set to reach $775 million by 2020. So far, approximately one-third of all customer interactions are currently handled by the bot. Fraud is no small matter. Balancing Virtual Assistants With Live Help. AI Is Getting Smarter.

Consumer 54

Consumer AI Account Takeovers Best Practices 54