FICO

DECEMBER 13, 2022

While many FIs have worked to streamline digital banking experiences, they have constantly had to add friction back into processes to prevent fraudster tactics, like SIM swaps, account takeover, and impersonation scams. However, this aversion to badly thought-out identity checks extends to use of existing accounts.

Security 52

Security Account Takeovers Authentication Payee 52

PYMNTS

JANUARY 23, 2020

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. This comes to approximately one hack every 39 seconds, and affects a wide range of businesses and customers.

Phishing 64

Phishing Data Breach Breach Scams 64

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

PYMNTS

MAY 23, 2016

However, just because botnets primarily stick to the low-hanging (i.e., low-cost) fruit in eCommerce transactions, that’s certainly no reason to sleep on them.

Bots 42

Bots Identity Theft Account Takeovers Online and Mobile Banking 42

PYMNTS

APRIL 22, 2016

However, just because botnets primarily stick to the low-hanging (i.e., low-cost) fruit in eCommerce transactions, that’s certainly no reason to sleep on them.

Identity Theft 40

Identity Theft Account Takeovers EMV Bots 40

PYMNTS

SEPTEMBER 10, 2019

Since the days of desktop computing there has been an arms race between cybercriminals and cybersecurity teams. The problems with identity theft and account takeover (ATO) fraud are real and seriously need to be addressed. Today this is still among early adopters,” he said.

Consumer Authentication 59

Consumer Authentication Authentication Consumer Identity Theft 59

PYMNTS

OCTOBER 30, 2017

According to John Krebs, manager of the identity theft program at the Federal Trade Commission (FTC), the situation between the good guys who are trying to protect the systems and the bad guys who are trying to break into and exploit them will always be very asymmetrical. The Many Ways To Play At Fraud.

Identity Theft 69

Identity Theft Account Takeovers FTC Phishing 69

PYMNTS

FEBRUARY 19, 2018

That’s because the indictments allege malfeasance that spans online transactions, banking and the ever-present specter of identity theft. In a nutshell, the baker’s dozen of alleged malefactors bought fake IDs and used information, courtesy of the Dark Web, to open accounts that enabled the business of their bad business to happen.

Identity Theft 48

Identity Theft Risk Online and Mobile Banking PayPal 48

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