Account Takeovers Credential Use Case 
PYMNTS
FEBRUARY 26, 2020
Coffee giant Dunkin’ fell victim to a credential stuffing attack in October 2018, and the fraudsters who initiated the scheme were soon after selling users’ loyalty credits on dark web marketplaces for a fraction of their values. Rewards points are also valuable as bad actors can either spend them or sell them on dark web marketplaces.
The Fintech Times
DECEMBER 18, 2023
“A similarly damaging trend is account takeovers (ATOs) where a bad actor gains access and takes over an online account using stolen or hacked credentials. We’ve always seen RDC attacks, but they’ve popped up more regularly this year and I suspect it’s just the tip of the iceberg.
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PYMNTS
JANUARY 28, 2021
This new vigilance is the result of rampant cybertheft throughout the pandemic, from brazenly diverting government Paycheck Protection Program loans to the bad businesses of credential theft and account takeovers. Much of this is caused by criminals sensing opportunity. It’s on banks to deter them.
Finovate
AUGUST 14, 2024
Built on the company’s Document Verification (DocV) solution, Selfie Reverification also detects signs of deepfaking, and readily identifies age discrepancies between the photo and the credential. Credential stuffing is a common attack in part because it takes advantage of the tendency of individuals to reuse usernames and passwords.
PYMNTS
FEBRUARY 22, 2019
The fallout hits everyone involved via a fraudulent transaction, and, as the data shows, account takeovers are on the rise. Zekri said the “trust anchor” can carry extra weight through a government-issued credential “that has in it, and encompasses, the complete verification process that went into that credential.”
Seon
JUNE 15, 2023
A BEC attack is when a fraudster gains unauthorized access to a business’s account. The most damaging form of BEC is account takeover (ATO) attacks. One use case of BEC is when fraudsters use compromised data to trick staff into providing further information, such as their bank details or company secrets.
PYMNTS
SEPTEMBER 24, 2020
And in Asia especially, amid the battle of the super-apps, the goal is to drive as much activity through those apps and mobile wallets as possible, through QR payments in shops, lending, ride-hailing and food delivery (to name just a few use cases). For the firms that get it right, the opportunity within APAC is significant.
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