Account Takeovers Fraud Prevention Use Case 
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.
PYMNTS
JANUARY 28, 2021
The latest Digital-First Banking Tracker® done in collaboration with NCR , notes that “FIs are devoting more money than ever to fraud prevention as more consumers go digital. 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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The Fintech Times
DECEMBER 18, 2023
Rise in social engineering Doriel Abrahams, head of risk, Forter Doriel Abrahams , head of risk at payment optimisation and fraud prevention platform Forter, also expects social engineering will “take a giant leap forward” in 2024. Our expectation is that social engineering attacks will only increase further in 2024.”
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). Every recession leads to an increase in fraud ,” he said. People are desperate.
PYMNTS
FEBRUARY 26, 2020
AI systems can prevent these attacks and are inexpensive when compared to the cost of human fraud prevention teams. QSRs and third-party ordering apps process thousands of transactions every day, making it impossible for human analysts to examine each exchange for fraud. AI to the Rescue. AI in Action.
Seon
MAY 8, 2024
By using thousands of real-time device signals, from geolocation and IP information to behavioral data such as battery life, phone orientation and font count, suspicious setups and settings across desktop and mobile devices can be flagged and blocked.
PYMNTS
OCTOBER 3, 2019
The push for more intelligent anti-fraud solutions comes as the costs of such attacks are reaching new heights. Fraud losses hit $14.7 billion last year, according to the latest DataVisor Fraud Index Report. Account takeover (ATO) fraud proved to be particularly effective, causing $4 billion in losses.
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