PYMNTS

AUGUST 19, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of QSR rewards programs and how credential stuffing and account takeovers are plaguing the industry. Here are some examples of restaurants and retailers that have bounced back from mobile data breaches and what they are doing to ensure security.

Account Takeovers 63

Account Takeovers Data Breach Bots Credential 63

PYMNTS

APRIL 24, 2018

When someone becomes a victim of ATO, they lose more than money and login credentials — they lose confidence. First, these attacks can have a rolling effect: Once a fraudster gains access to a consumer’s credentials at one eCommerce merchant, he holds the key to a potential myriad of other digital stores at which to exploit them.

Breach 50

Breach Bots Credential Data Breach 50

PYMNTS

JANUARY 28, 2020

If they’re not grabbing stolen credentials off the Dark Web then they’re neck-deep in buyer-seller collusion, or the long con of keeping fake accounts in good standing … just enough to drain them and abscond. Try wrapping your mind around the price tag of the average corporate data breach at $3.92 million per incident.

Data Breach 57

Data Breach Phishing Breach Bots 57

PYMNTS

MARCH 1, 2017

But in the years since, hackers and other bad actors have developed and begun using more intelligent and sophisticated techniques and methods in order to penetrate databases and gain access to user credentials. But this need for a high volume of credentials also gives security providers a tool in their fight against fraud, Grant said.

Account Takeovers 56

Account Takeovers Accounts Credential Authentication 56

PYMNTS

DECEMBER 20, 2019

Shape, for its part, protects the biggest airlines, retailers, government agencies and banks with complex fraud, abuse and bot defense. Shape, in particular, protects against credential stuffing attacks in which cybercriminals take over online accounts with stolen passwords from third-party data breaches.

Security 52

Security Credential Data Breach Bots 52

PYMNTS

AUGUST 26, 2016

That’s according to a report which said malicious software programs, carrying names like Acecard and GM Bot, are being used more by criminals as they look for new ways to infiltrate the financial services industry. The threat, which is growing, marks a new way for criminals to steal the banking credentials of consumers.

Accounts 40

Accounts Credential FBI Credit Cards 40

PYMNTS

JUNE 12, 2019

Compromised credentials are one of the most common causes of security breaches. Google says iPhone and iPad users can now verify sign-ins with their Android security key, according to a report by TechCrunch. Since the introduction of 2SV, Google said, 100,00 users are using their Android devices as a security key.

Authentication 49

Authentication Phishing Bots Credential 49

PYMNTS

JUNE 26, 2018

Perhaps, to no surprise, data breaches keep executives up at night — and the rest of us, too. One survey by Kaspersky Labs , across 2,000 consumers, found that 81 percent of Americans and 72 percent of Canadians are “stressed” about breaches. Furthermore, the company said that bots are being used to abuse stolen credentials.

Account Takeovers 46

Account Takeovers Faster Payments Breach Credit Cards 46

Seon

JANUARY 29, 2024

In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials. In the worst-case scenario, stocks can even plummet after a publicized breach. This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

AUGUST 19, 2019

“When you’re looking at account takeovers, for example, it’s predominantly automated bot attacks that have an identifiable signature,” Garner explained. “As As a retailer, you can say there’s no practical purpose why a customer would be trying to log on to your network using a bot.

Bots 43

Bots AI Account Takeovers Security 43

PYMNTS

JULY 21, 2020

They might hack databases to obtain information like consumers’ emails and phone numbers or they might find such information already available on the dark web from previous data breaches. Payment app customers might confirm their identities by having their smartphones scan their fingerprints, for example.

P2P 60

P2P Scams Security Account Takeovers 60

FICO

JUNE 20, 2019

The ‘want it now’ culture of today’s consumer means that the technologies we all love to use for their convenience make it easier for fraudsters to do what they do, e.g., bots designed to test login credentials or to generate customer orders using stolen or synthetic identities.

Account Takeovers 45

Account Takeovers Verification Data Breach Bots 45

FICO

JUNE 20, 2019

The ‘want it now’ culture of today’s consumer means that the technologies we all love to use for their convenience make it easier for fraudsters to do what they do, e.g., bots designed to test login credentials or to generate customer orders using stolen or synthetic identities.

Account Takeovers 40

Account Takeovers Verification Data Breach Bots 40

FICO

JUNE 20, 2019

The ‘want it now’ culture of today’s consumer means that the technologies we all love to use for their convenience make it easier for fraudsters to do what they do, e.g., bots designed to test login credentials or to generate customer orders using stolen or synthetic identities.

Account Takeovers 40

Account Takeovers Verification Data Breach Bots 40

CB Insights

JULY 20, 2017

These companies address fraud, network access privileges and the management of login credentials, and offer products and services related to authentication. Others companies in this subcategory include Zenedge , which offers a cloud-based, AI-driven Web Application Firewall (WAF), malicious bot detection, and DDoS cybersecurity solutions.

Cybersecurity 30

Cybersecurity Security AML PCI DSS 30

Fintech Labs Insights

AUGUST 2, 2016

Cyberfend’s security solution detects account takeover, payment fraud, and stolen credentials. They even use machine learning to train bots to enter data in a human-like way to trick behavioral analytic security engines. Kurupati: Every other week we hear of a massive security breach at a large website.

Bots 15

Bots Credential Account Takeovers Blocks 15

PYMNTS

MAY 27, 2016

We don’t like that bots are sizzling, mind you, but they are, unfortunately, on fire. I recall three years ago at Innovation Project 2013 that a rather prescient panelist said that the payments system’s worst nightmare would be having the SWIFT network breached. Keith Alexander reiterated that this past year. And now we are living it.

SWIFT 43

SWIFT Bitcoin Online and Mobile Banking ATM 43

Seon

JUNE 21, 2023

As there is no physical reminder that this must be done with a virtual card, the theft or breach could potentially go unnoticed while exorbitant charges or snowballing data theft occurs. Multi-use VCCs : With low-friction onboarding, fraudsters may use bots to try and generate cards en masse.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52