PYMNTS

OCTOBER 16, 2020

Fraudsters deploy a variety of different methods when attacking these apps, ranging from sophisticated methods like account takeovers (ATOs) to impersonation schemes that trick users into sending them money directly. About The Playbook.

Zelle 89

Zelle P2P Scams Financial Crimes 89

PYMNTS

SEPTEMBER 29, 2017

Historically, in a multifactor authentication scheme, the combination of all those data elements was what prevented the bad guys from getting access. Account takeover and the creation of false accounts, Webster and Brown agreed, will be the massive twin issue that financial services players will have to address rather quickly.

Account Takeovers 41

Account Takeovers Accounts Data Breach Breach 41

PYMNTS

NOVEMBER 16, 2020

Fraudsters are deploying numerous methods to perpetrate this fraud, including authorized push payment (APP) schemes and account takeovers (ATOs), but these methods all have one thing in common, according to Megan Kakani , vice president of product and innovation at KeyBank.

Authentication 72

Authentication Best Practices Multifactor Authentication Fraud Prevention 72

FICO

JANUARY 22, 2020

Banks were asked which identity and authentication strategies they used, with the majority saying they used multifactor authentication (84 percent). When they are successful, criminals are making use of real-time payments to move funds quickly through a maze of global accounts.

Real Time Payments 52

Real Time Payments APACS Multifactor Authentication Account Takeovers 52

PYMNTS

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts.

MFA 46

MFA Multifactor Authentication AI Authentication 46

PYMNTS

SEPTEMBER 5, 2019

A majority (51 percent) of call center leaders cited the phone channel as the primary source of account takeover (ATO) attacks. And many are ready for a change: 46 percent of call center leaders were “very” or “somewhat” dissatisfied with their current caller authentication methods, a 50 percent increase from 2018.

MFA 59

MFA Authentication Multifactor Authentication AI 59