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.

Account Takeovers 92

Account Takeovers Credential Automation Bots 92

PYMNTS

FEBRUARY 26, 2020

Many QSRs and third-party ordering apps are thus already using these tools to enhance their fraud detection procedures. 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.

Credential 56

Credential AI Fraud Detection Account Takeovers 56

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. This method has downsides, however.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

APRIL 22, 2020

New account fraud is a significant problem for FIs, with 48 percent of values generated from fraud attempts coming from accounts that have only been open for one day, according to a recent report. FIs do not really have the choice to make onboarding’s security procedures less stringent, however. Biometrics and Onboarding.

Security 53

Security Online and Mobile Banking Authentication Account Takeovers 53