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The Payments Association
AUGUST 7, 2024
Entersekt was recognised as a Leading Vendor, and highest rated Authentication-Focused Vendor, in the July 2024 Liminal Link Index for Account Takeover (ATO) Prevention in Banking report. Read more
Bank Automation
NOVEMBER 21, 2023
Anti-fraud and anti-money laundering companies are looking to AI to increase the efficiency of their detection models as digital fraud becomes more pervasive.
Fraud.net
JULY 29, 2024
Learn how Fraud.net's award-winning platform helped a BNPL payment processor reduce account takeovers, first payment defaults, and fraud.
Seon
JANUARY 29, 2024
In this guide, we’ll see why accounts are targeted, how fraudsters acquire them, and, of course, which steps you should take to secure them. This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud?
FICO
MARCH 22, 2022
Account takeover fraud (ATO) occurs when an unauthorized person takes control of an account. The fraudster takes steps to actively control the account, for example by applying for a new card or changing the account contact information or password. What Do Fraudsters Do with Accounts They Have Taken Over?
Fraud.net
DECEMBER 1, 2023
Modern account takeover protection requires implementing machine learning, geolocation, and anomaly detection to spot and prevent ATO fraud.
The Payments Association
NOVEMBER 20, 2024
Why are AI tools especially effective at fighting fraud? The technology is gaining traction because these tools excel at fraud detection in several ways. First, AI tools have much higher throughput than manual or non-software-based detection methods. For example, say you have an AI fraud solution configured to parse text.
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PYMNTS
MAY 28, 2020
Digital-fraud-protection company Kount said Thursday (May 28) that Mercator Advisory Group has named it the best eCommerce Fraud Detection Solution from among more than 40 products ranked.
The Fintech Times
JUNE 1, 2024
To find out how efforts of pitting AI against AI are taking shape, and how this could evolve in the future, we take a look at some of the latest anti-fraud approaches utilising AI. Kate Frankish, chief business development officer and anti-fraud lead at Pay.UK This would equate to over £112million worth of fraud detected annually.
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Fi911
JULY 8, 2024
Furthermore, the growing sophistication of fraud techniques, including synthetic identity fraud and account takeovers, exacerbates the challenge. This makes it imperative for businesses to stay ahead with robust fraud detection and prevention strategies.
Fraud.net
MARCH 29, 2024
Discover advanced fraud detection systems used by banks and explore the solutions offered by Fraud.net for proactive fraud prevention.
Fi911
DECEMBER 3, 2024
The Importance — & Limitations — of Velocity Checks These velocity checks are highly adaptable and can be effortlessly integrated with existing systems, making them a valuable asset in identifying threats such as account takeover fraud, chargeback fraud, and synthetic fraud.
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Fintech Finance
MARCH 3, 2025
Built-in fraud protection prevents e-wallet account takeover risks. Antom Shield: Advanced AI for risk mitigation and fraud prevention Antom Shield is an intelligent risk solution that strengthens fraud detection while helping merchants boost order conversion rates and drive growth.
PYMNTS
MAY 7, 2018
That doesn’t mean that fraud linked to ACH transactions is nonexistent, however. In corporate payments, while fraud is typically linked to wire and checks , the rise in Business Email Compromise (BEC) and account takeovers means ACH fraud is a growing threat, same-day or not.
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PYMNTS
JULY 9, 2020
Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. The July FI Fraud Decisioning Playbook examines how FIs are working to better detect and defend against ATOs.
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PYMNTS
JULY 2, 2020
But the bad news is that fraudsters see a once-in-a-lifetime opportunity to jump into the increased flow of transactions, Gary Sevounts , executive at fraud detection firm Kount , told PYMNTS in a recent conversation. He added that fraudsters have been showing up across the board in terms of fraud types attempted.
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Fi911
JANUARY 18, 2024
They can then open new accounts, apply for loans, or make unauthorized purchases in that person’s name, leaving the victim to deal with the financial and emotional consequences. To combat third-party fraud effectively, banks should take several proactive measures to protect both their customers and their own financial systems.
PYMNTS
SEPTEMBER 24, 2019
One of the biggest problems, Blanco said, is account takeover. . Account takeover, which involves the targeting of financial institution customer accounts to gain unauthorized access to funds, is an extremely common cybercrime affecting U.S. financial institutions,” he said.
71 
PYMNTS
MAY 5, 2020
The good news, Pangretic added, is that consumers and businesses are getting better at detecting fraudsters trying to ply their trade across mobile and online transactions. This can really create a proactive communications strategy to significantly decrease the incidence of successful fraud attempts,” said Pangretic.
FICO
FEBRUARY 19, 2020
Real-time payments are used in this way not only to launder the proceeds of the authorized push payment frauds previously mentioned, but also to launder money from some of the most serious crimes such as people trafficking, terrorism and the drugs trade. Account Takeover Fraud. by Doug Clare.
FICO
JANUARY 7, 2019
The tremendous interest in AI and machine learning drove the readership on the Fraud & Security blog in 2018. 5 Keys to Using AI and Machine Learning in Fraud Detection. Author TJ Horan, FICO vice president for fraud solutions, wrote a five-part series on the keys to using AI and machine learning in fraud detection.
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The Payments Association
DECEMBER 11, 2024
Machine learning enhances this approach by processing vast datasets to identify subtle patterns and predict fraudulent activities, making real-time anomaly detection and risk assessment possible.
Fintech Finance
OCTOBER 21, 2024
Our solutions can accurately detect suspicious transactions without disrupting customer service,” added Tat Wee Koh, NetGuardians’ APAC Sales Director. PalawanPay and other financial institutions are taking these threats seriously.
Neopay
FEBRUARY 27, 2025
Three years ago, deepfake fraud barely registered as a concern today, it is the most common type of digital identity fraud. Deepfake fraud, however, is rapidly climbing the ranks, presenting a new and sophisticated challenge for fraud prevention systems. The Lag in Fraud Detection: Are You Prepared?
52 
PYMNTS
AUGUST 21, 2020
Hacking, cybercrime and various forms of digital fraud are a never-ending worry for digital-first banks, with fraudsters leveraging techniques as diverse as phishing schemes, identity theft, account takeovers and botnets to target both banks themselves and their customers. About The Tracker.
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PYMNTS
FEBRUARY 26, 2020
This also means fraud runs relatively unchecked among quick-service restaurants (QSRs), with total fraud losses on an average order of $15 reaching as high as $36.25. Many AI-based fraud detection solutions also leverage machine learning (ML), which allows the system to learn on its own. Selecting the Target.
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The Fintech Times
AUGUST 17, 2024
“In today’s highly competitive and digital-first world, the use of behavioural analytics is now vital for innovating for the future of fighting fraud.” Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability.
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Finovate
AUGUST 14, 2024
Use cases for Selfie Reverification include preventing account takeover, securing high-risk transactions, streamlining account recovery and re-verification/re-validation, and more. “Our goal is to help our customers manage security while providing the best experiences for their account holders.”
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PYMNTS
MARCH 22, 2018
Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. For example, Palo Alto-based Simility received $17.5
FICO
NOVEMBER 30, 2017
How do we keep our fraud controls relevant, agile, and modern to accommodate new products, new channels, increased digitization and more faceless interactions? Lastly, step 3 requires thinking big across the risk and the fraud continuum. How do we facilitate growth of the business and new customer acquisition?
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PYMNTS
FEBRUARY 10, 2017
The bigger and more widespread cyber threat, as opposed to shimmers, may actually be the ability for cybercriminals to use or sell stolen data for fraudulent online purchases that are typically made in groups of small purchases as to go undetected by fraud detection systems. has fallen significantly behind the curve.
Fintech Finance
AUGUST 2, 2024
ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Leveraging machine learning and AI, the platform offers comprehensive monitoring and fraud detection capabilities.
Payments Source
NOVEMBER 19, 2017
Widespread data breaches have sparked a rise in account-takeover fraud using stolen consumer credentials, prompting merchants to crack down on suspicious purchases. But too many legitimate customers are getting caught in the process.
Fintech Finance
MAY 30, 2024
Mangopay’s Fraud Prevention solution provides a fully integrated and payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover by both bots and humans, reseller fraud, payment fraud, chargebacks, and return abuse.
PYMNTS
JUNE 13, 2019
If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. One of the latest involves hackers successfully accomplishing account takeovers (ATOs) of users of Zelle, the digital payment service. acquire personal data via account takeovers.
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PYMNTS
APRIL 24, 2020
Incidences of account takeover (ATO) were up 347 percent and shipping fraud skyrocketed 391 percent, respectively, from 2018 to 2019, before anyone except virologists had ever heard of COVID-19. Fraud experts are seeing renewed vigor among online crooks as COVID-19 confusion roils markets flooded with bailout dollars.
The Fintech Times
MARCH 18, 2024
These malicious scammers are growing in number and refining their strategies, employing ever more sophisticated methods, including account takeovers, synthetic identity fraud, and social engineering scams. In the UK alone, fraudsters syphoned off £1.2billion in 2022, with almost 80 per cent of app fraud cases starting online.
Seon
SEPTEMBER 11, 2023
As neobanks evolve, the one downside of their innovation is that it opens up many new methods of attack for fraudsters, such as identity theft, fraud rings, and account takeover attacks. We know neobank risk teams must stay aware of evolving threats and take an active approach to closing those routes to fraud.
The Fintech Times
AUGUST 13, 2024
How do the Latin American AI and anti-fraud sectors compare to that of the rest of the world? While fraudsters attempt to use AI for nefarious purposes, Latin America is firmly embracing the technology to fight back with advanced fraud detection and prevention tools that learn and adapt over time.
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PYMNTS
OCTOBER 8, 2020
A survey found that 62 percent of customers worry about fraud — such as pilfered payment details, account takeovers or fake reviews being left in their names — when interacting with QSRs. Customers’ top priority regarding restaurants is their own safety, however.
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M2P Fintech
MARCH 24, 2025
Enhanced fraud detection ensures security, while alternative data expands accessibility, especially for those with limited credit history. Expect hyper-personalized products with dynamic rates, powered by real-time, AI-driven decisions. “One-click” loans become reality through instant credit assessments.
PYMNTS
DECEMBER 21, 2020
Kount Control applies protection, policy customization and reporting to give restaurants [a] complete [safeguard against] account takeover,” he said. The new Mobile Order-Ahead Tracker® notes that “restaurants will have to step up their game when it comes to fraud detection and prevention.
60 PYMNTS
OCTOBER 29, 2018
Since FIs are unfamiliar with these emerging transaction activities, it becomes challenging for them to adjust their cyberattack detection and prevention strategies. 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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The Fintech Times
DECEMBER 21, 2023
Despite the continued proliferation of the above payment innovations, comprehensive solutions offering a stellar user experience, robust fraud protection, and default safeguards akin to traditional credit cards remains elusive. First is an expected uptick in utilising AI for more complex processes, like data analysis and fraud detection.
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