Remove Account Takeovers Remove Bots Remove Database
article thumbnail

The Battle Raging Over Account Takeovers

PYMNTS

There’s a war going on in the digital world, one that most consumers are unaware of, despite the impact it could have on their money and their privacy — a battle between fraudsters and security providers over account takeovers. Account takeovers accounted for more than $2.3 billion in losses last year.

article thumbnail

Kount Control Aims To Cut Account Takeover Fraud

PYMNTS

With a new solution announced Tuesday (March 17), identity trust and digital fraud protection firm Kount seeks to help people avoid the pitfalls and annoyances of account takeover fraud. That includes everything from bots, credential stuffing and malicious, intentional human hacking activity.

article thumbnail

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

Seon

In this guide, we’ll see why accounts are targeted, how fraudsters acquire them, and, of course, which steps you should take to secure them. This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud?

article thumbnail

The Rising Fever of Account Takeover Fraud

PYMNTS

Ersell’s organization specializes in credit card and eCommerce fraud (including account takeover), which calls for different skills and strategies than, say, hacking into merchants’ websites. They’re using weak passwords – oftentimes, the same weak password for all of their online accounts. Growth Trajectory.

article thumbnail

Sumsub Combats Fraud Networks in APAC With Upgraded Solution

Fintech News

This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. The solution leverages a unique database for identifying and tracking fraudsters, offering a multi-layered approach to simplify decision-making and minimise false positives.

APACS 81
article thumbnail

Shutting The Front Door On Online Fraudsters

PYMNTS

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.

article thumbnail

Deep Dive: QSRs Leverage AI To Fight ATOs And Credential Stuffing

PYMNTS

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