PYMNTS

SEPTEMBER 17, 2020

The following Deep Dive examines how digital ID verification and user authentication can foster consumer trust and why providing seamless enrollment is essential. . Other account takeover (ATO) schemes involve bots, which can conduct some 100 hits per second. Seamless, Secure Onboarding . More than 111 million U.S.

Verification 89

Verification Authentication Economy Data Breach 89

PYMNTS

NOVEMBER 7, 2016

There are those high-profile credit card data breaches that create massive headaches for merchants, while the Federal Bureau of Investigation has continually warned the nation about corporate phishing attacks that specifically target the B2B and supplier payment process, convincing businesses to pay a fake supplier. .

Fed 77

Fed Secure Payments Task Force Security Federal Reserve 77

PYMNTS

SEPTEMBER 28, 2017

But in the world of identification fraud, there’s a greater sea change afoot, one that stretches farther than the impact on any one firm, or even the millions of adults targeted in the most brazen of breaches. This estimate was made well before the costs of the Equifax breach, though, so plan on the actual figure being quite a bit higher.

Enrollments 43

Enrollments Breach Fraud Detection Social Security 43

PYMNTS

FEBRUARY 22, 2019

The fallout hits everyone involved via a fraudulent transaction, and, as the data shows, account takeovers are on the rise. As Webster noted, passwords are likely floating around somewhere on the dark web, pilfered as part of one of the innumerable data breaches seen in recent years — possibly up for sale.

Credential 52

Credential Account Takeovers Authentication Verification 52

PYMNTS

SEPTEMBER 11, 2019

He pointed to password managers and services that alert consumers to the fact that passwords may have been exposed in data breaches (and so must be discarded). We’ll see more account takeovers, we will see more theft and certainly more identity theft. It all just delays the inevitable passing of the password, said Pointner.

Authentication 72

Authentication Identity Theft Account Takeovers Checks 72

PYMNTS

SEPTEMBER 6, 2019

Consumers are losing faith in passwords, PINs and similar KBA verification methods, but they also refuse to sacrifice speed and convenience for greater security — quick and easy user enrollment remains a top priority for that same 91 percent of call center industry leaders.

MFA 49

MFA Authentication Phishing Verification 49