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Fintech Finance
OCTOBER 22, 2024
The innovative SmarterPay Secure Signup service from the independent Hull-based payment solutions provider for businesses, slams the door shut on fraudsters using account takeover to drain bank accounts. is next-level fraud prevention. is next-level fraud prevention.
Fraud.net
MARCH 1, 2024
Understand the mechanics of account takeover fraud and discover effective prevention strategies to safeguard against ATO attacks.
The Paypers
OCTOBER 29, 2024
Sift , an AI-driven fraud prevention company, has announced updates to its account takeover (ATO) solution, enhancing fraud risk protection throughout the entire consumer journey.
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?
Finextra
MARCH 20, 2024
Sumsub, a leading global full-cycle verification platform, commits to tackling the alarming surge of fraud networks in Asia-Pacific (APAC) by launching its upgraded Fraud Prevention Solution.
The Fintech Times
OCTOBER 21, 2024
PalawanPay , a payroll, debt collection, payments, cash transactions, and remittance service provider in the Philippines, has selected Swiss fintech, NetGuardians , known for its enterprise risk platform focused on combating bank fraud, to bolster its fraud prevention measures.
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.
Fraud.net
DECEMBER 1, 2023
Modern account takeover protection requires implementing machine learning, geolocation, and anomaly detection to spot and prevent ATO fraud.
Fintech Finance
MAY 30, 2024
Mangopay , a modular and flexible payment infrastructure provider for platforms, today announces the launch of its new Fraud Prevention solution. Platforms can connect to the solution through the Mangopay product ecosystem, meaning they can easily protect themselves against fraud without any additional integration.
The Fintech Times
MARCH 18, 2024
The fraud prevention industry is experiencing rapid growth in response to amplified regulatory pressure and increasingly sophisticated threats of online fraud. It has revolutionised convenience for consumers and created new business opportunities, but it has also opened a Pandora’s box of fraud risks.
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?
The Paypers
SEPTEMBER 29, 2022
US-based fraud prevention platform Sift has released its Q3 2022 Digital Trust & Safety Index , detailing the increase of account takeover attacks.
Accertify
MAY 30, 2023
Fraud can cause widespread damage to your eCommerce businesses. Of course, there are the fraud losses. Account takeovers and mistaking legitimate shoppers for fraudsters can cause damage to your reputation, not to mention lost customers. And with around 50% of businesses suffering fraud , 1 no company is safe.
Fintech Finance
OCTOBER 21, 2024
Award-winning Swiss FinTech, NetGuardians , known for its enterprise risk platform focused on combating bank fraud, has been chosen by PalawanPay , the e-wallet app from the Palawan Group of Companies, to bolster its fraud prevention measures. PalawanPay and other financial institutions are taking these threats seriously.
Fintech Finance
AUGUST 19, 2024
“Our new ACH fraud solution uses GenAI and machine learning to bring real-time risk monitoring and investigating tools to fraud practitioners, empowering them to mitigate risk while further gaining their customers’ trust and loyalty along the way.”
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The Paypers
SEPTEMBER 30, 2021
Sift , a US-based fraud prevention company, has reported a spike in account takeover attacks against the fintech sector.
PYMNTS
FEBRUARY 19, 2019
Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. Account Takeover Growth. Fraud Prevention Innovation.
Payments Source
MARCH 17, 2020
Digital fraud protection provider Kount has launched a security layer designed to prevent account takeover.
Accertify
NOVEMBER 16, 2023
The Paypers Fraud Prevention in Ecommerce 2023 – 2024, Keeping Fraudsters Out While Balancing a Seamless Customer UX has been released and it has been made available for download. It discusses the most common, yet ever-evolving types of fraud, including chargebacks, scams, and account takeover (ATO), with their latest developments.
PYMNTS
APRIL 15, 2020
Another threat besides the lack of business is the increased risk of account takeovers (ATOs), as fraudsters exploit the turmoil to steal customers’ data. Deep Dive: QSRs Face Continuous Battle Against Account Takeovers. Deep Dive: QSRs Face Continuous Battle Against Account Takeovers. About The Tracker.
The Fintech Times
NOVEMBER 19, 2024
Sumsub revealed that 85 per cent of respondents of its Fraud Exposure Survey 2024 in APAC are concerned about deepfakes, expressing fear about their future impact on elections. “With tactics becoming more sophisticated and fraud becoming more accessible, the need for enhanced verification measures is more urgent than ever.
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The Fintech Times
JUNE 2, 2024
Fraud prevention decision-makers across Europe are well aware of the growth and danger of AI-driven identity and financial fraud, but are unprepared to combat it, Signicat , the European digital identity and fraud prevention solution provider, has revealed in a new report.
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Accertify
OCTOBER 4, 2023
Integration of Accertify’s fraud prevention technology into PayNearMe’s MoneyLine Platform lets iGaming and sports betting operators actively detect and reduce fraudulent fund withdrawals through a unified platform. SANTA CLARA, Calif., a wholly-owned subsidiary of American Express. a licensed money transmitter.
Fintech News
MARCH 20, 2024
Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks.
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Fintech News
MAY 27, 2024
This technology enables fraudsters to exploit vulnerabilities in fintech platforms, necessitating advanced fraud prevention strategies. According to a report by McKinsey, APAC accounted for nearly 40% of the global BNPL transaction volume in 2020.
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PYMNTS
JUNE 22, 2018
Dave Endler, co-founder and president of security and fraud prevention solutions provider SpyCloud , noted fraudsters are increasingly turning to account takeovers. Attacks using the fraud method have risen by 300 percent over the past year, with losses topping $5 billion.
The Paypers
JUNE 27, 2022
US-based fraud prevention company Deduce has partnered with Ping Identity for frictionless digital identity experiences.
PYMNTS
OCTOBER 23, 2017
And yet, despite headlines featuring Equifax, Sonic, Deloitte and Whole Foods – and cybersecurity companies consistently preaching that attacks are not a matter of “if” but “when” – many organizations are still not taking fraud prevention seriously. Account takeover is not entry-level fraud. Growth Trajectory.
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.
Finovate
OCTOBER 24, 2024
Socure has acquired risk decisioning company Effectiv for $136 million Socure will integrate Effectiv’s AI-powered orchestration platform into its digital identity verification and fraud solutions. Using Effectiv’s technology, firms can combat identity theft, account takeover, scams, and real-time payment fraud.
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PYMNTS
JUNE 14, 2019
Online games store and centralize users’ payment information, making them prime targets for hackers who acquire data via account takeovers (ATOs). Account takeovers: the ultimate boss fight. ATOs are arguably the most nefarious type of fraud. Younger gamers are particularly vulnerable to this type of fraud.
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. number and types of data breaches associated with any individual customer. and globally.
The Fintech Times
MARCH 6, 2024
However, bad actors have also been able to abuse the tech, and in 2024, 87 per cent of industry experts have acknowledged the tech could be used to drive fraud attempts according to a new SEON report. Some of these challenges include volume, cost, and complexities of fraud.
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The Fintech Times
JUNE 1, 2024
Meanwhile, the fraud landscape is rapidly changing. Over a third of fraud attempts (42.5 per cent) targeting financial institutions now use AI, according to a recent study by digital identity and fraud prevention solution Signicat. Overall, around 29 per cent of these AI-driven fraud efforts are successful.
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PYMNTS
DECEMBER 17, 2020
Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. About The Tracker.
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Fintech Finance
FEBRUARY 29, 2024
Socure , the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, and Trustly , a leading global Open Banking payments provider, today announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution.
PYMNTS
DECEMBER 18, 2020
Cybercriminals are well aware that merchants are setting higher thresholds for blocking transactions, which is a major flaw of rules-based fraud prevention strategies.”. Digital fraud is a longstanding issue for retailers and banks. Furthermore, 22 percent of Americans have reported being targeted by COVID-related fraud.
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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Fintech Finance
FEBRUARY 16, 2024
By working with Sift, Nexo will be able to revolutionize its approach to fraud prevention, enhancing security measures and ensuring a safer, smoother, quicker, and more reliable experience for the company’s over 6 million users.
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The Fintech Times
AUGUST 17, 2024
Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability. Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15billion in fraud losses globally last year.
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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.
PYMNTS
JANUARY 24, 2019
In a new PYMNTS interview, Karen Webster discussed that fraud situation — and how it might change with better digital technology — with Fang Yu, CTO and co-founder of DataVisor. Fraud Getting Worse. Timing, too, works against issuers and financial institutions, especially when it comes to the fraud-or-credit-risk determination.
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The Fintech Times
FEBRUARY 21, 2024
The need and desire for fraud protection has evolved. Once simply viewed as a necessary overhead, good fraud prevention measures are now a very strong way of obtaining new customers and keeping existing ones. Identity theft to open a new account is the top-ranked concern at 30 per cent.
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PYMNTS
APRIL 9, 2020
And that has made it more critical than ever for firms of all types and descriptions to think hard about taking a more balanced approach to fraud prevention — but think more holistically about the field they are protecting. Winning The New War With Account Takeover.
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