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

PYMNTS

APRIL 9, 2020

Building a secure customer journey is always a bit of a balancing act. It has to be secure first and foremost, particularly when payments data is on the line. Winning The New War With Account Takeover. The goal of security at base is to make it hard and friction-filled for cybercriminals to ply their trade.

Account Takeovers 94

Account Takeovers Fraud Prevention Push-to-Card Accounts 94

PYMNTS

MAY 23, 2016

Though botnets may make life more convenient, a security firm says that roughly 40 percent of them are actually malicious, VentureBeat reported late last week. Bots are the centerpiece of a hacker’s toolkit,” Rami Essaid, CEO and cofounder of Distil Networks, a security firm specializing in bot detection and mitigation, explained.

Bots 42

Bots Identity Theft Account Takeovers Online and Mobile Banking 42

PYMNTS

MARCH 14, 2020

According to online security company Signal Sciences , eCommerce retailers deal with an average of 206,000 web attacks per month. percent of all eCommerce fraud , is still account takeover. At the same time, a new report shows that fraudsters will take more than $12 billion off the table. The main offender, constituting 29.8

Account Takeovers 92

Account Takeovers Credential Automation Bots 92

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.

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APACS Fraud Prevention Deepfake Account Takeovers 107

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

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Account Takeovers Risk Bots Scams 52

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. Security Solutions. Other restaurants are turning to biometrics to increase security. So, what are the downsides? Chipotle

Account Takeovers 63

Account Takeovers Data Breach Bots Credential 63

PYMNTS

FEBRUARY 26, 2020

Security standards have largely not kept up with such threats, according to a joint study from Javelin Research and Kount. One use case for AI-powered security comes from third-party ordering app ChowNow , which uses such security systems to analyze transactions conducted on its app. AI in Action.

Credential 56

Credential AI Fraud Detection Account Takeovers 56

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? Strengthen Fraud Defenses Elevate iGaming security with advanced fraud and AML.

Security 52

Security Fraud Prevention Bots AML 52

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.

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Risk Fraud Detection Bots Identity Theft 59

PYMNTS

SEPTEMBER 17, 2020

The challenges of maintaining this trust are now under pressure from the COVID-19 pandemic, however, which has seriously battered the sharing economy as ride- and homesharing businesses develop tactics to convince consumers of their security and restore the sector. . Seamless, Secure Onboarding . More than 111 million U.S.

Verification 89

Verification Authentication Economy Data Breach 89

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). Consumers are more likely to fall victim to fraudulent schemes when they assume there are stricter security measures protecting their P2P app transactions than there are in truth.

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P2P Scams Security Account Takeovers 60

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. Detecting And Thwarting Attacks.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

APRIL 15, 2020

Now, the full-scale relocation of all banking activity to digital channels creates the dual challenge of providing accessible, enjoyable user experiences that are also secure. “We Older users are less familiar with banking online, so they are being increasingly targeted in account takeover attacks.

Online and Mobile Banking 80

Online and Mobile Banking Scams Bots Risk Management 80

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. “Our goal is to help our customers manage security while providing the best experiences for their account holders.”

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

APRIL 22, 2020

Banks must enable fast and seamless onboarding experiences, but these processes should also be secure. 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.

Security 53

Security Online and Mobile Banking Authentication Account Takeovers 53

PYMNTS

APRIL 2, 2020

The goal for any security platform aiming to enable digital commerce is as simple in concept as it is incredibly difficult to execute: Give the good customers a great experience, and give the bad guys pretending to be good customers a rough ride. But consumers aren’t feeling so magnanimous toward friction these days, he noted.

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Account Takeovers Credential Accounts Bots 61

FICO

OCTOBER 30, 2017

Due to the surge in data breaches, Social Security numbers, mailing addresses, passwords, health history, even the name of our first pet is all for sale on the Dark Web. Fraudsters use technology to implement bot net attacks that allow rapid exploitation of fraud control weaknesses before they are fixed. The Fraudsters Are Ready.

Identity Theft 72

Identity Theft Account Takeovers Best Practices Data Breach 72

PYMNTS

OCTOBER 8, 2020

Mobile ordering services, advanced drive-thrus and customer safety and security are the top customer priorities for restaurants amid the pandemic. Safety and Security. 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

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

JUNE 13, 2019

One of the latest involves hackers successfully accomplishing account takeovers (ATOs) of users of Zelle, the digital payment service. Balancing security with improving the customer experience is a challenge for all industries, though reducing friction is even more vital for luxury merchants.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

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

OCTOBER 1, 2019

QSRs are fighting back against bad actors by partnering with third-party payment processors and incorporating security technologies to authenticate customers. Chipotle uses similar tools for securing its rewards program. What’s being done about the increase in mobile attacks? Voice Ordering: The Next Fraud Frontier?

Data Breach 57

Data Breach Breach Account Takeovers Fraud Prevention 57

Seon

MAY 8, 2024

Multi-Accounting Detection Through meticulous tracking of device and browser IDs associated with each user account, device intelligence facilitates the detection of multiple users accessing your platform from the same device, enabling proactive measures to preserve the integrity of your user base.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

PYMNTS

JUNE 26, 2018

In a world where faster payments are becoming more mainstream, including 12 countries with established Real-Time Payments systems and 45 others in various stages of development, it’s no wonder that security remains top of mind for stakeholders. Account takeovers are finding favor among fraudsters. How much ground?

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Account Takeovers Faster Payments Breach Credit Cards 46

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.

Credential 56

Credential Account Takeovers Authentication Duplicate 56

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

JANUARY 9, 2019

To beat fraudsters at their own game, retailers must change the technology they are relying on and do so in a way that doesn’t add friction to the user experience, said Shamoun Siddiqui, chief information security officer for luxury department store chain Neiman Marcus. How Omnichannel Is Changing The Way Luxury Retailers Respond To Fraud.

Fraud Detection 43

Fraud Detection Data Breach Account Takeovers Breach 43

PYMNTS

AUGUST 19, 2019

When it comes to securing its rewards program, Chipotle’s strategy is twofold, with both internal security measures and cooperation with third-party security firms. When you’re looking at account takeovers, for example, it’s predominantly automated bot attacks that have an identifiable signature,” Garner explained.

Bots 43

Bots AI Account Takeovers Security 43

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. Innovation goes both ways,” Sacknoff said, “to provide more security [as well as] personalization.”.

MFA 46

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

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

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Bots Identity Theft Account Takeovers AI 46

PYMNTS

SEPTEMBER 1, 2017

Then, there are those who are really having fun with voice tech – like Alegeus , which taught its voice assistant Emma to tell wry jokes between explaining how consumers’ health plans work, and like Catalia Health’s Mabu, a physical bot that blinks and builds relationships with the patients it serves. What Needs to Happen Next.

Identity Theft 52

Identity Theft Bots Account Takeovers Automation 52

Seon

JUNE 21, 2023

They offer certain security advantages over traditional cards as they are less likely to be physically stolen. Some VCC providers offer temporary, pre-paid, and one-time-use cards for security and flexibility. A virtual credit card is functionally similar to a traditional plastic credit card, except that it exists purely digitally.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

PYMNTS

DECEMBER 2, 2019

Digital events platform Ticketmaster is all too familiar with such issues and has worked to earn consumers’ trust by balancing seamlessness and security. Ticketmaster is one of many online ticket sale platforms that have acted to protect their offerings against emerging threats, such as account takeover (ATO) attacks and credit card fraud.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Account Takeovers Credit Cards Duplicate 52

PYMNTS

OCTOBER 8, 2019

Moreover, Garner noted, AI is useful for more than creating the front end experience; it is also critical in delivering a safe and secure digital environment for the customer to use. When you’re looking at account takeovers, for example, it’s predominantly automated bot attacks that have an identifiable signature,” Garner explained.

AI 47

AI Bots Account Takeovers Debit Card 47

PYMNTS

APRIL 22, 2016

A botnet is created when a fraudster takes over a person’s computer without their knowledge (each time establishing a “bot”), linking it to one different hijacked computer after another until the “net” is established. However, just because botnets primarily stick to the low-hanging (i.e.,

Identity Theft 40

Identity Theft Account Takeovers EMV Bots 40