Payments Source

AUGUST 14, 2017

Companies involved in content sharing or social media are seeing fraudsters try to create new accounts for their sites with fake credentials through bot attacks.

Fraud Prevention 62

Fraud Prevention Bots Credential Accounts 62

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. Bot activity is the third major threat banks faced in 2020. utilize unique passwords for each of their accounts, for example.

Innovation 85

Innovation Security Bots Identity Theft 85

The Fintech Times

JANUARY 24, 2024

Eran Vanounou, CTO of Forter “However, in recent years, particularly in 2023, a new trend is emerging: powered by GenAI tools, new types of bots come equipped with user-friendly features, such as shopping on behalf of consumers, gathering information, comparing flight prices and more.

AI 75

AI Bots Credential Audit 75

PYMNTS

MARCH 14, 2020

Here’s how it works: When a fraudster finds or steals user credentials, they enter the account, change their settings (like email and phone number) and lock out the user. They can also run automated tests of the same credentials against other sites. Next, the fraudster essentially takes over the account and purchases from the site.

Account Takeovers 92

Account Takeovers Credential Automation Bots 92

PYMNTS

JULY 13, 2020

Bad actors attempting ATOs seek to gain control of victims’ bank accounts without alerting FIs, and they therefore aim to obtain the login credentials necessary to smoothly move through FIs’ authentication measures. Some of these attacks see bots entering random words and numbers, while others involve entering common usernames and passwords.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

Finovate

AUGUST 14, 2024

Built on the company’s Document Verification (DocV) solution, Selfie Reverification also detects signs of deepfaking, and readily identifies age discrepancies between the photo and the credential. Credential stuffing is a common attack in part because it takes advantage of the tendency of individuals to reuse usernames and passwords.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

DECEMBER 1, 2017

To use Webster’s example, the phrase “double shot” could confuse a more generic AI, but a specifically tailored barista bot would know that the customer was trying to order two shots of espresso — not two shots of liquor and not a basketball arcade system for their man cave. Is it turned on? More Americans have an Amazon account than not.

Bots 47

Bots Automation AI Authentication 47

Nanonets

OCTOBER 5, 2023

A Zendesk Answer Bot, powered by Large Language Models (LLMs) like GPT-4, can significantly enhance the efficiency and quality of customer support by automating responses. We will build a bot to answer incoming Zendesk tickets while using a custom database of past Zendesk tickets and responses to generate the answer with the help of LLMs.

Bots 52

Bots API Database Returns 52

The Paypers

OCTOBER 21, 2020

Bot management solution provider Netacea has been selected by UK-based credit marketplace ClearScore to protect against credential stuffing attacks and account takeovers.

Bots 28

Bots Account Takeovers Credential Accounts 28

PYMNTS

JUNE 29, 2020

The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems. There were 85.42 billion such attacks between December 2017 and November 2019, 16.55 billion of which targeted APIs, and of these attacks, 463.3

MFA 96

MFA Risk Security API 96

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. When you’re looking at account takeovers, for example, it’s predominantly automated bot attacks that have an identifiable signature.

Account Takeovers 63

Account Takeovers Data Breach Bots Credential 63

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

Fintech Finance

MAY 22, 2024

. “While these scam centers will continue to drive the threat of human-initiated attacks, organizations cannot afford to be complacent about the growing sophistication of bots, which can display more human-like behavior to evade traditional prevention solutions. billion, human-initiated attacks surged by 40% in volume to 1.3

Account Takeovers 52

Account Takeovers Risk Bots Scams 52

PYMNTS

OCTOBER 25, 2016

Consumers who do not elect to use PayPal can also use payments credentials stored within Facebook/Messenger within their bots. In addition Stripe, Visa, Matercard and American Express have also been working with Facebook of late to expand the social network’s commerce capabilities vis a vis payments.

PayPal 71

PayPal Bots Credential Payment Initiation 71

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

Fintech News

OCTOBER 28, 2024

Additionally, SmashFi provides an automated trading bot to help increase the user’s Bitcoin holdings. ALGOGENE (Hong Kong) ALGOGENE is the next-gen investment platform for learning, developing, testing, executing and investing trading bots. DigiChain Innovations (Australia) DigiChain Innovations is a full-fledged web 2.0

FinTech 114

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 114

Fintech Labs Insights

DECEMBER 19, 2016

Web and mobile security company Akamai added to its expertise today after acquiring Cyberfend , a bot detection company. Akamai launched Bot Manager earlier this year to help thwart automated bots, which use stolen credentials to log into legitimate ecommerce and financial services websites. Dr. Tom Leighton is CEO.

Bots 22

Bots Acquirers Online and Mobile Banking Credential 22

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

NOVEMBER 26, 2019

Their technology is designed to recognize illicit activity that comes from either human cybercriminals or bots. Buguroo looks not only for new account fraud (NAF), but also fraud that is perpetrated when someone gains access to the system using stolen credentials.

Fraud Detection 56

Fraud Detection Bots Cybersecurity Credential 56

PYMNTS

MAY 28, 2020

Recently, the company debuted Kount Control Account Takeover (ATO) Protection, which the company says is the only technology to provide three layers of protection against bots, credential stuffing and complex ATO attacks.

Fraud Detection 52

Fraud Detection Fraud Prevention Account Takeovers 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 Credit Cards FBI 40

PYMNTS

AUGUST 10, 2020

Many fraudsters are attempting to skim advertising dollars by duplicating apps and restoring ads, while others are targeting rewards systems by using bots to give them unfair advantages in matches, providing phony GPS locations or changing game criteria,” states the Digital Identity Tracker®.

Credential 56

Credential Account Takeovers Authentication Duplicate 56

PYMNTS

DECEMBER 19, 2019

In the third quarter of 2019 alone, mass “bot” attacks on FIs and card accounts rose by 70 percent year on year, indicating that fraud is getting, well, faster. The stakes are high, and tech is the weapon of choice in fraudsters’ ploys to gain access to sensitive data and drain accounts as they seek to exploit consumers’ trust in their CUs.

Credit Union 53

Credit Union Compromise Credential Bots 53

PYMNTS

MARCH 17, 2020

That includes everything from bots, credential stuffing and malicious, intentional human hacking activity.

Account Takeovers 52

Account Takeovers Accounts Bots Credential 52

The Paypers

APRIL 18, 2019

(The Paypers) Most organisations can’t spot automated credential stuffing attacks, according to security company Kasada.

Bots 28

Bots Research Credential Automation 28

PYMNTS

APRIL 18, 2017

Chatbots launched with a good deal of fanfare in early 2016 — only to seem much of the early enthusiasm for the product diminished when consumers and merchants alike learned that bots were often a better idea in concept than in execution.

Bots 41

Bots Visa API Credential 41

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

MARCH 6, 2020

Companies that offer APIs must have authentication measures in place — such as those requiring legitimate users’ to present credentials, or “API keys” — before granting access to them. . Hackers may try to use brute force to beat authentication measures, automatically plugging different credentials into logins until they are granted access.

API 52

API Authentication Security Payment APIs and Integration 52

Nanonets

AUGUST 20, 2023

Understanding Robotic Process Automation Robotic Process Automation, or RPA, is a technology that uses software robots, or bots, to automate repetitive tasks and processes. These bots mimic human actions by interacting with various systems and applications, such as data entry, screen scraping, and decision-making.

Bots 52

Bots Automation API Process 52

PYMNTS

APRIL 2, 2020

The trouble, Kount ’s Chief Customer Experience Officer Rich Stuppy told PYMNTS in a recent conversation, lies in discerning a good customer from the fraudster who has stolen their payment credential, lifted their identity or taken over their account.

Account Takeovers 61

Account Takeovers Credential Accounts Bots 61

PYMNTS

FEBRUARY 13, 2020

Nothing new really needs to be invented to do that, but providers like Apple, Google and Samsung are making improvements to their operating systems specifically to support these types of mobile identity credentials,” Vanderhoof said. Making Social Safe Again.

Verification 60

Verification Card Issuer Phishing Bots 60

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. Combatting aggressive online fraudsters calls for asymmetrical strategies that confound mal-bots with superhuman processing power.

Data Breach 57

Data Breach Phishing Breach Bots 57

PYMNTS

SEPTEMBER 24, 2020

For example, many mobile wallet issuers are implementing selfie checks at the point of onboarding to ensure that an actual human being — and not just a bot — is creating an account. In these early days, the wallet providers targeting APAC will almost exclusively focus on consumer adoption.

APACS 98

APACS Risk Online and Mobile Banking Verification 98

PYMNTS

DECEMBER 20, 2019

That’s because fraudsters (especially state-backed ones, but other groups too) are now launching massive bot attacks that are getting almost as sophisticated as the top security software. SiS-id’s own analysis found that four in five businesses fell prey to hackers successfully posing as legitimate suppliers. That’s “clean” fraud.

AI 55

AI Law Enforcement Fraud Prevention Issuers 55

PYMNTS

AUGUST 8, 2018

The malicious link may bring a user to a seemingly legitimate online banking login page that steals credentials and other sensitive data. However, many banking Trojan campaigns have added cryptocurrency mining modules or bots, known as coin inters, as later-stage payloads.”. Attackers then use that malware to access bank accounts.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

OCTOBER 24, 2016

It may sound a bit farfetched, but all you have to do is read the papers to realize that hackers are, literally, taking any connected device and turning it into a bot for their malicious botnet attacks — or holding them hostage until they are paid. Picture this: It’s 8 a.m.,

Ransomware 77

Ransomware Security Volume Bots 77

PYMNTS

OCTOBER 3, 2016

Due to this, both consumers and businesses have to work off the assumption that online identities are already in the hands of cybercriminals and these identities being channeled through compromised computers and bots.

Cross-Border 76

Cross-Border Authentication Fraud Prevention Security 76