Clearly Payments

JULY 16, 2024

According to the Association of Certified Fraud Examiners (ACFE) , financial institutions account for 16.8% Account Takeover (ATO): Fraudsters gain unauthorized access to customer accounts to steal funds or conduct illicit transactions. Healthcare data breaches increased by 55% in 2023, affecting over 29 million records.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. More than 90 percent of Americans have fallen victim to online scams, data breaches, identity theft or other forms of fraud, though certain varieties are more common than others.

Phishing 64

Phishing Data Breach Breach Scams 64

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. Cybercriminals attempted to sell accounts and loyalty credits. So, what are the downsides? Chipotle . Security Solutions.

Account Takeovers 63

Account Takeovers Data Breach Bots Credential 63

PYMNTS

MARCH 29, 2017

XOR Data Exchange , Austin-based data and analytics startup, just recently introduced a new resource for online retailers to fight the account takeovers as the number data breaches that include account login credentials grows. and globally.

Fraud Prevention 40

Fraud Prevention Account Takeovers Identity Theft Data Breach 40

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. Such tools enable users to log in using few steps, and bots are unlikely to be able to fake credentials that depend on unique physical traits.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

JUNE 25, 2018

Cybercriminals have a new favorite weapon in their quest to allude regulators, law enforcement and corporate security departments: account takeovers. Recent research reveals account takeovers have risen by 300 percent over the past year, with losses topping $5 billion. The Rise Of Account Takeovers.

Account Takeovers 46

Account Takeovers Breach Compromise Payments 46

PYMNTS

AUGUST 16, 2019

In the August Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of QSR rewards programs, including program debuts from Chipotle and Costa Coffee, revamped ordering solutions from Jersey Mike’s and Shake Shack and how credential stuffing and account takeovers are plaguing the industry.

Data Breach 76

Data Breach Breach Account Takeovers Credential 76

PYMNTS

APRIL 18, 2017

On top of the recent issues with hackers stealing account credentials of legitimate but inactive merchants and selling non-existent items, a report from Inc suggests that fraudsters are also making new accounts. Dubbed the “just launched” scam, fraudsters take advantage of naive buyers by creating new fraudulent accounts.

Account Takeovers 40

Account Takeovers Scams Credential Data Breach 40

PYMNTS

APRIL 9, 2018

The high-profile data breach that hit Saks and Lord & Taylor was already eclipsed just days later when news of possible similar attacks at Best Buy, Delta and others hit headlines. Despite the billions of dollars that businesses spend to safeguard their systems, data breaches continue to occur.

Data Breach 49

Data Breach Breach Cybersecurity Phishing 49

PYMNTS

APRIL 24, 2018

Of these, none are more insidious than Account Takeover, aka ATO. When someone becomes a victim of ATO, they lose more than money and login credentials — they lose confidence. Getting Their Hands on Data. There are a few ways in which fraudsters gain access to raw customer data. Nipping Fraud in the Bud.

Breach 50

Breach Bots Credential Data Breach 50

FICO

MAY 15, 2018

As a drumbeat of data breaches becomes the new reality — 42% of organizations breached in 2017 were breached in the past — it’s easy for consumers to throw up their hands and brace themselves for becoming a victim of identity theft or other financial crime. Four Steps to Protect Yourself from Charity Fraud.

IRS 63

IRS Data Breach Identity Theft Breach 63

PYMNTS

AUGUST 7, 2020

The following Deep Dive examines how fraudsters’ schemes target gamers as well as how data breaches enable bad actors to commit account takeover (ATO) fraud. The inherence of such data makes it much more challenging for fraudsters to break into systems that employ these measures. .

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

FEBRUARY 22, 2019

The fallout hits everyone involved via a fraudulent transaction, and, as the data shows, account takeovers are on the rise. Establishing identity in the digital world is proving to be a fluid process, as questions are multiplying around the collection, processing and ownership of data.

Credential 52

Credential Account Takeovers Authentication Verification 52

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). Perhaps, to no surprise, data breaches keep executives up at night — and the rest of us, too.

Account Takeovers 46

Account Takeovers Faster Payments Breach Credit Cards 46

PYMNTS

MARCH 18, 2020

Fraud is a perennial concern for quick-service restaurants (QSRs), and digital channels open ample new avenues for cybercrime, with hackers targeting restaurants for their cash, data and even customers’ loyalty points. Both involve fraudsters convincing employees to reveal sensitive information or install malware.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

Seon

JUNE 24, 2024

Still, the pursuit can be defined as endeavors that ensure secure and reliable digital identity management, including preventing unauthorized access to sensitive information, such as login credentials, PII and financial information.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 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). They might hack databases to obtain information like consumers’ emails and phone numbers or they might find such information already available on the dark web from previous data breaches.

P2P 60

P2P Scams Security Account Takeovers 60

FICO

JUNE 20, 2019

Of this, over $ billion n is attributed to subscription fraud and account takeover. An increasing amount of data breaches across all industries. In my next post, I’ll discuss account takeover fraud, and then how to tackle these kinds of fraud. The post What Is Telecom Subscription Fraud?

Account Takeovers 45

Account Takeovers Verification Data Breach Bots 45

FICO

JUNE 20, 2019

Of this, over $7 billion is attributed to subscription fraud and account takeover. An increasing amount of data breaches across all industries. In my next post, I’ll discuss account takeover fraud, and then how to tackle these kinds of fraud. . by Mel Prescott.

Account Takeovers 40

Account Takeovers Verification Data Breach Bots 40

FICO

JUNE 20, 2019

Of this, over $7 billion is attributed to subscription fraud and account takeover. An increasing amount of data breaches across all industries. In my next post, I’ll discuss account takeover fraud, and then how to tackle these kinds of fraud. . by Mel Prescott.

Account Takeovers 40

Account Takeovers Verification Data Breach Bots 40

PYMNTS

APRIL 14, 2017

For example, some fake accounts perform normal user activities such as logging in, updating a profile, following other users, etc., This technique of aging fake accounts can make the malicious accounts appear very similar to other users and evade detection. Another dangerous attack is account takeover (ATO).

Account Takeovers 44

Account Takeovers Online and Mobile Banking Credential Compromise 44

FICO

JUNE 8, 2020

Criminals are increasingly sophisticated in how they compromise data, and are deploying new tactics across the social engineering lifecycle. Fraudsters buy compromised data (credentials, ID documents, personally identifiable information or payment details).

Compromise 52

Compromise Financial Crimes Breach Credential 52

PYMNTS

JANUARY 31, 2020

Using stolen credentials to purchase airline tickets is one form of CNP fraud that has taken off over the past few years, he added. Bad actors often make small transactions to test stolen credentials, as they know few businesses will want to risk irritating customers by verifying minor purchases.

ATM 59

ATM Debit Card Fraud Detection Credential 59

PYMNTS

OCTOBER 26, 2016

. “There’s no way the guest Wi-Fi at a retailer is going to let you into the point of sale; however, it would let you into the system, which then may be able to get to where the consumer data is,” Tinsley explained, “because they’ve thrown that consumer data on the other side of the firewall from the payment.”.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

PYMNTS

FEBRUARY 21, 2018

All told, he said, of the breach count, “it’s not 1,600 … you are talking about 10,000 or more.” As added confirmation, the PYMNTS Global Fraud Index found account takeovers were up 45 percent year over year in the second quarter of 2017. You can see how it all starts to add up.

Credit Cards 62

Credit Cards AI Breach Issuers 62

PYMNTS

JULY 1, 2019

It’s open season for hacks on mobile order-ahead apps as data breaches continue to make headlines regularly and cybercriminals purchase stolen identities on darknet marketplaces. Account Takeovers Plague the QSR Industry. One victim did not even have a Chipotle account, but had used the QSR’s guest checkout option.

Account Takeovers 66

Account Takeovers Online and Mobile Banking Data Breach Credit Cards 66

Seon

JUNE 21, 2023

Like any online account, virtual credit card accounts, the mobile wallets they are kept in, and even the online bank accounts they may be connected to are vulnerable to account takeover (ATO) fraud , phishing, and more sophisticated attacks, such as man-in-the-middle attacks.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52