PYMNTS

FEBRUARY 13, 2020

So before we add another layer of authentication , we should ask, is this actually going to serve a purpose or solve our problem?”. What is necessary, said Xie, is a different, more holistic paradigm for fighting fraud – with a broad goal of not adding more authentication steps, but fewer. The Zero-Authentication Future.

Authentication 98

Authentication Bots Identity Theft Mitigation 98

PYMNTS

MAY 14, 2020

The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC) since the beginning of the year. Deep Dive: Enlisting AI And Biometrics In Response To Widespread Digital Identity Theft.

Identity Theft 98

Identity Theft AI Federal Trade Commission Verification 98

PYMNTS

AUGUST 5, 2020

Fraudsters are also turning to emerging technologies to help them skim some money from digital gaming and gambling platforms as well, with another study finding that fraud involving malicious bots are also on the rise. For more about the latest digital identity challenges in online gaming, visit the Tracker’s Deep Dive.

Bots 111

Bots Authentication Identity Theft Void 111

Fi911

AUGUST 15, 2023

“Secondly, these AI utilities simplify and exponentially enhance the capacity for criminals to generate bots for their attacks.” She emphasized the need for businesses to put layered solutions in place to verify and authenticate any data being introduced into their systems. appeared first on fi911blog.

Identity Theft 52

Identity Theft AI Bots Authentication 52

PYMNTS

JANUARY 27, 2021

Banks have reported myriad fraud threats over the past year, including various forms of identity fraud and bot activity, and are working overtime to develop countermeasures. The Federal Reserve determined that synthetic identity fraud costs FIs $6 billion annually , with each incident costing lenders between $10 and $15,000.

Innovation 85

Innovation Security Bots Identity Theft 85

PYMNTS

OCTOBER 29, 2018

The various parts come together to produce a nefarious whole, one that targets personal and payment data to enable product or identity theft , account takeovers and other illegal activities that, left unchecked, can ruin lives and take down companies.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

Finovate

AUGUST 14, 2024

Businesses ranging from Capital One and SoFi to DraftKings and the State of California rely on Socure’s technology for accurate identity verification and fraud prevention. Digital banking solution provider Alkami has added credential stuffing protection to the challenge-response authentication process for its digital banking platform.

Credential 64

Credential FinTech Deepfake Fraud Detection 64