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. “This view arms companies with a proactive, first line of defense to detect sophisticated fraud rings and bot attacks.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

JULY 13, 2020

A popular brute force method used to accomplish this is credential cracking , which involves fraudsters using bots to automatically plug potential usernames and passwords into login screens in the hopes of stumbling across the correct credentials.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

JANUARY 28, 2020

Try wrapping your mind around the price tag of the average corporate data breach at $3.92 Combatting aggressive online fraudsters calls for asymmetrical strategies that confound mal-bots with superhuman processing power. In fact, phishing is the root cause of 90 percent of data breaches , including the giant commercial variety.

Data Breach 57

Data Breach Phishing Breach Bots 57

Seon

JANUARY 29, 2024

In the worst-case scenario, stocks can even plummet after a publicized breach. Account Takeover Fraud Detection While it can be challenging to catch ATO attempts, these attacks can be detected by monitoring for out-of-the-ordinary account behavior. According to Bitglass research, this can be down by as much as 7.5%.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

JUNE 26, 2018

Dave Endler, co-founder and president of security and fraud prevention solutions provider SpyCloud , illuminated the trend for the Tracker team. Perhaps, to no surprise, data breaches keep executives up at night — and the rest of us, too. Furthermore, the company said that bots are being used to abuse stolen credentials.

Account Takeovers 46

Account Takeovers Faster Payments Breach Credit Cards 46

PYMNTS

OCTOBER 23, 2017

If fraud attacks are the flu, then the Equifax data breach was a raging fever: a symptom (albeit a dramatic one) of a larger illness that will almost inevitably infect any organization that hasn’t had its shots. Bots are very efficient, and can be both a blessing and a curse – crack the code too efficiently, and it raises alarms.

Account Takeovers 53

Account Takeovers Accounts Cybersecurity Bots 53

Braintree

NOVEMBER 3, 2020

Merchants have been hit hard by carding attacks over recent years, as fraudsters look to leverage the huge volumes of breached financial data up for sale on the cybercrime underground. But with Fraud Protection, merchants have proven, enterprise-grade capabilities at their fingertips. From breaches to carding In the U.S.

Issuers 40

Issuers Bots Breach Use Case 40

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

PYMNTS

NOVEMBER 27, 2019

Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud. Customers and retailers are not the only ones being targeted, either: Fraudsters are also using automated bots to trick advertisers into paying money for false marketing impressions.

Point-of-Sale (POS) 60

Point-of-Sale (POS) AI Card Issuer Credit Cards 60

PYMNTS

NOVEMBER 9, 2017

The executive said IntraNext isn’t fielding as many questions following the Equifax data breach as might be expected. Self-care, chat bots, artificial intelligence, and machine-to-machine learning is here to stay. The first step in effective fraud prevention is to “scrub out the bad guys, right out of the gate,” Brown said.

Authentication 41

Authentication MFA Fraud Detection Security 41

FICO

MARCH 6, 2020

You hear all the stories of banks getting fines for breaches in compliance and investing large amounts in AFC but still don’t get it right. Configuration to your needs is easy to deliver and pre-configured data is integrated. IT departments are relieved from administrative duties and no longer need to take care of technical details.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Nanonets

AUGUST 16, 2024

RPA bots can handle tasks like data entry , verification of claim details, updating status in the claims management system, and even communication with customers. Risk mitigation and fraud prevention Fraud detection technologies have been instrumental in reducing the $40 billion annual cost of fraudulent claims in the U.S.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

PYMNTS

DECEMBER 2, 2019

The offering allows Ticketmaster users to register for early announcements about shows they may be interested in attending and then make purchases through unique access codes provided by the company to ensure that fans, not bots, are given the first chances to buy tickets. The program’s goal is twofold, Karyo said.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Account Takeovers Credit Cards Duplicate 52

CB Insights

JULY 20, 2017

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. Code42 specializes in cloud-based endpoint data security and recovery.

Cybersecurity 30

Cybersecurity Security AML PCI DSS 30

PYMNTS

APRIL 24, 2018

If they’re using the same password for their bank account, said Shem-Tov, it takes the breach to a whole new level. Now the fraudster is not only able to make purchases with the breached account, they can also essentially steal all of that customer’s funds. The vast majority of fraud attacks result from these data breaches.

Breach 50

Breach Bots Credential Data Breach 50