PYMNTS

JUNE 22, 2018

A new report from cybersecurity firm Kaspersky Lab found more than four out of five Americans and nearly three out of every four Canadians report being stressed out about the recent pattern of data breaches. The company recently partnered with cybersecurity firm SpyCloud to scan the dark web and roughly 4.5

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Account Takeovers Accounts Data Breach Breach 43

PYMNTS

DECEMBER 27, 2016

Account takeovers, even of high-profile people, has become a common occurrence in this era of sophisticated cyberattacks and hacks, but researchers think they’ve found a way to fight back against account takeovers : cryptographically based security keys.

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Account Takeovers Security Accounts Authentication 46

The Fintech Times

MARCH 30, 2025

The 2025 class is bringing creative approaches to critical enterprise functions, applying agentic AI and other tools to risk and compliance, cybersecurity, and technology modernization.

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Innovation FinTech AI Underwriting 80

PYMNTS

NOVEMBER 6, 2017

To mark this annual occasion, DHS holds a campaign to raise awareness of cybersecurity issues and to help companies and financial institutions take steps against the type of threats with consequences significantly more serious than perpetrating a Halloween prank. At the time, they were seeing about 80 cases a week,” Nelson said. “It

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PYMNTS

FEBRUARY 24, 2020

Account takeovers, brute force attacks and credential stuffing are some of the most popular methods, with rewards and loyalty programs being especially tempting targets for their stored payment data and personally identifiable information. For more on these and other mobile order-ahead news items, download the Tracker.

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Account Takeovers Credential AI Fraud Prevention 85

The Fintech Times

FEBRUARY 21, 2024

FICO, the analytics company, published a report , titled Fraud, Identity, and Digital Banking Consumer Survey 2023 – United Kingdom uncovering Brits’ attitudes towards fraud and cybersecurity measures. Identity theft to open a new account is the top-ranked concern at 30 per cent.

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Consumer Security Identity Theft Account Takeovers 122

ACI Worldwide Blog

NOVEMBER 5, 2024

New and more complex cybersecurity threats have emerged, leading to phishing, vishing, account takeovers (ATO), synthetic identity fraud, and more. The rise of artificial intelligence (AI) has brought about significant advancements across various sectors, including fraud.

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AI Account Takeovers Phishing Cybersecurity 52

PYMNTS

NOVEMBER 9, 2018

In fact, more than one-third of consumers had their PII compromised in the last year, First Data’s 2018 Consumer Cybersecurity Study found. Fraudsters are using this data to pull off card-not-present (CNP) fraud schemes, such as account takeovers. How Neiman Marcus Safeguards Purchases When Sales Surge .

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AI Authentication Account Takeovers Cybersecurity 76

The Payments Association

NOVEMBER 20, 2024

AI isn’t just a buzzword in cybersecurity. Merchants who invest in these tools may be able to reduce instances of account takeover fraud or identity theft. which blends multi-factor authentication measures with AI risk analysis, can help merchants mitigate the effects of account takeover fraud.

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AI Fraud Detection Identity Theft Account Takeovers 88

PYMNTS

SEPTEMBER 24, 2018

Fraudsters also use customers’ or executives’ lack of knowledge about security protocols to their advantage, and that’s where account takeovers come in. Account takeovers have skyrocketed in recent months, as a flood of consumer records have hit the dark web. An AI-Assisted Approach.

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AI Account Takeovers Data Breach Cybersecurity 78

PYMNTS

JANUARY 28, 2021

Banks are expected to boost their cybersecurity budgets by 15 percent in 2021 compared to previous years, some spending more than $3,000 per employee on these upgrades. For FIs that want to acquire new customers digitally, first and foremost they need to have an account opening/onboarding process that is quick and seamless.

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Federal Trade Commission Scams Account Takeovers Fincen 97

PYMNTS

AUGUST 27, 2020

Account takeovers can be common on online gaming and social networking sites, but gaming accounts can be valuable. Troia said the reasons people go on the black market and pay such fees isn't always complicated, and that “maybe somebody just doesn't want to spend 100 hours of effort to get there," Bloomberg reported.

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Accounts Account Takeovers Data Breach Breach 115

PYMNTS

SEPTEMBER 24, 2020

Without in-person interactions with bank staff, account takeovers (ATOs) and customer impersonations are much easier for fraudsters to accomplish. The major cybersecurity issues that will continue to increase as digital becomes more prominent is fraudsters managing to get control of customers’ accounts,” he said.

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Account Takeovers Database Authentication Crime 82

PYMNTS

DECEMBER 2, 2019

Cybersecurity firm Radware told NBC that as much as 97 percent of online retail traffic comes from bots in the week leading up to Black Friday and Cyber Monday. If individuals are reusing passwords across multiple sites, they are most susceptible to an account takeover attack and illicit transactions within their account,” Beckner told NBC.

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Bots Account Takeovers Cybersecurity Credential 52

PYMNTS

APRIL 9, 2020

Winning The New War With Account Takeover. Brands, he noted, have every incentive to give their best customers the VIP experience — hence they let them create accounts so their credit information, past purchases and associated data can be kept and used to curate and customize the consumer experience.

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Account Takeovers Fraud Prevention Push-to-Card Accounts 94

Finovate

JUNE 10, 2024

Austin, Texas-based cybersecurity firm SpyCloud has raised $35 million in funding. The capital will be used to expand the company’s solutions to help businesses investigate and defend themselves against cybercrime in general and account takeover fraud in specific.

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Account Takeovers Credential Cybersecurity Breach 59

PYMNTS

FEBRUARY 10, 2019

All websites constantly experience account takeover attempts. There has been no increase in account takeovers on OkCupid.”. In fact, the company says on its support pages that account takeovers often happen because someone obtains a user’s login information. “If

Accounts 67

Accounts Account Takeovers Breach Addressing 67

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.

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Account Takeovers Credential Automation Bots 92

The Fintech Times

JUNE 2, 2024

The digital identity firm revealed that account takeover attacks are the most popular type of fraud, often taking advantage of weak or reused passwords. Deepfakes, often used to impersonate the holder of an account rather than creating a new or synthetic identity, are far more popular, accounting for one in 15 fraud attempts.

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AI Fraud Prevention Account Takeovers Deepfake 126

PYMNTS

JULY 21, 2020

The CRI aims to create cybersecurity standards and strategies by promoting a common language for cybersecurity risk assessments, and also plans to develop a new list of cybersecurity guidelines and best practices for FIs to follow. For more on these and other financial crime news items, download this month’s Playbook.

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Crime Financial Crimes FBI Cybersecurity 66

PYMNTS

OCTOBER 13, 2017

With countless incidents of fraud occurring every day, some of which have made international headlines and impacted millions, cybersecurity and fraud prevention are top-of-mind for individuals and companies alike. For more from these nine payments industry leaders and their views on cybersecurity, take a look at this eBook.

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Data Security Account Takeovers Security Cybersecurity 41

M2P Fintech

MARCH 24, 2025

Emphasis on Cybersecurity and Data Privacy Digital lending faces rising threats: data breaches from hacking, fraud via synthetic identities, account takeovers exploiting weak security , ransomware disrupting operations, and insider threats. over the forecast period of 2024 to 2032.

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Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

PYMNTS

DECEMBER 2, 2019

Cybersecurity firm Radware told NBC that as much as 97 percent of online retail traffic comes from bots in the week leading up to Black Friday and Cyber Monday. If individuals are reusing passwords across multiple sites, they are most susceptible to an account takeover attack and illicit transactions within their account,” Beckner told NBC.

Bots 43

Bots Account Takeovers Cybersecurity Credential 43

PYMNTS

AUGUST 21, 2020

When it comes to venture capital, this week’s roundup includes new investments in B2B FinTechs targeting the logistics and supply chain spaces, cybersecurity and more, totaling more than a combined $109 million. In the U.K., million in new funding , U.K.-based

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B2B FinTech Account Takeovers Cybersecurity 61

The Fintech Times

NOVEMBER 20, 2024

However, it is unfortunately being used by both sides as AI-assisted fraud is growing more frequent and more sophisticated according to a new report from the think tank that provides insights to help organizations protect themselves, adapt, and grow, The Entrust Cybersecurity Institute.

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Deepfake Phishing Account Takeovers AI 69

Fintech News

JUNE 6, 2024

A robust cybersecurity approach should include consumer education and sophisticated technology to address the complex threats posed by cybercriminals,” said Frederic. By sharing important intelligence on emerging fraud trends, banks can stay ahead of the curve and adapt their security measures accordingly. “A

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Scams Phishing Deepfake Verification 107

PYMNTS

FEBRUARY 10, 2017

In this week’s Hacker Tracker , PYMNTS was joined by Alex Cagnoni, CEO of Datablink , who shared some interesting insights on some of the latest news across the cybersecurity landscape. It’s expected that the number of account takeover attacks will also continue to grow. Old Tools, New Tricks .

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Account Takeovers CHIPS Chip Cards Fraud Detection 56

The Fintech Times

JUNE 20, 2024

David Atkinson , CEO of SenseOn , the cybersecurity firm, explains why financial organisations should understand vulnerabilities, defend against evolving cyber threats and how leveraging technology that can actively flag and isolate serious threats will decrease the damage. So what can firms do to better mitigate this risk?

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Risk Cybersecurity Data Breach Ransomware 59

PYMNTS

AUGUST 18, 2017

Between account takeovers, business logic abuse, loyalty and reward points fraud and other cybersecurity attack methods, companies are not only suffering financial damages but brand image damages too. Not according to Angel Grant, director of Global Product Marketing and Strategy for cybersecurity firm RSA.

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Security Account Takeovers Chip Cards Cybersecurity 52

The Fintech Times

APRIL 22, 2024

One in four individuals have experienced digital wallet theft and one in five face unauthorised access to personal bank accounts via mobile apps. In 62 per cent of smartphone theft cases, businesses face severe financial and cybersecurity risks.

Identity Theft 59

Identity Theft Consumer Online and Mobile Banking Monetary Loss 59

FICO

FEBRUARY 8, 2018

As an adult with a serious professional interest in security, I am surprised as to why bright, well-informed data and cybersecurity professionals don’t feel more insecure about the efficacy of biometric information as a security device. Is it because biometrics are today's security blanket? The Myth of Biometric “Security Blankets”.

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Security Cybersecurity Authentication Account Takeovers 65

PYMNTS

JUNE 11, 2019

One of the most insidious forms of fraud is account takeovers (ATOs). The Digital Fraud Tracker™ , powered by DataVisor , offers a monthly look at the latest data, news and trends surrounding fraud and cybersecurity. Total losses due to fraud were a staggering $4.2 About the Tracker.

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AI Account Takeovers Online and Mobile Banking Authentication 60

PYMNTS

NOVEMBER 17, 2020

They can use fraudulent invoices to scam unsuspecting businesses and consumers or hijack legitimate email correspondence during property transactions to divert funds into the bank accounts of their choosing, for example.

Scams 89

Scams Account Takeovers Federal Trade Commission Real Time Payments 89

PYMNTS

NOVEMBER 17, 2020

During this hectic time of year, merchants are particularly vulnerable to promotion abuse, account takeover and transaction fraud. “Fraudsters know that higher transaction volumes and a demand for fast processing times leave merchants vulnerable to attacks. Behavioral Biometrics Ensure You Are You .

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Volume Transactions Account Takeovers Phishing 72

PYMNTS

MARCH 28, 2018

According to LexisNexis , chargeback fraud accounts for 28 percent of all fraud that occurs at an eCommerce company, tied for first place with “ friendly fraud.” ” The impact of chargeback fraud and other transaction-related fraud — like account takeovers or payments fraud — on the bottom line is clear.

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Security Data Breach Account Takeovers Breach 44

PYMNTS

OCTOBER 29, 2018

The very tools used to transmit customer data could also pose a cybersecurity risk. If those attacks are successful, cybercriminals would acquire unauthorized customer data that could possibly be used in an account takeover (ATO) or another form of cyberattack.

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Security Payment APIs and Integration API Authentication 76

PYMNTS

APRIL 9, 2018

The incident, and similar breaches, reveal the limitations of cybersecurity, even as corporates worldwide continue to increase their investments in the latest-and-greatest security technologies. last December pegged global spending on cybersecurity by corporates will hit $96.3 Estimates from Gartner, Inc.

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