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Shopping Bots Ramp Up Cybercrime During Holidays

PYMNTS

Insidious shopping bots infiltrate eCommerce sites year-round, but the holiday season brings them out in droves, with 20 bots for every one human, NBC reported on Saturday (Nov. The bots are “largely operated by organized gangs of cybercriminals,” noted the report.

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How Axos Bank Uses Multilayered Filtering To Keep Bad Bots Out And Good Bots In

PYMNTS

Many cybercriminals rely on bots to conduct their schemes, leveraging automated data skimming programs that can overwhelm banks’ defenses through sheer volume. We like to think of [bots] like bacteria,” Raghu Valipireddy, senior vice president and chief information security officer at Axos Bank, told PYMNTS in a recent interview.

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‘Grinch Bots’ Ramp Up Cybercrime During Holidays

PYMNTS

Insidious shopping bots infiltrate eCommerce sites year-round, but the holiday season brings them out in droves, with 20 bots for every one human, NBC reported on Saturday (Nov. The bots are “largely operated by organized gangs of cybercriminals,” noted the report.

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eCommerce Fraud Presents A $12 Billion Problem

PYMNTS

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.

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Buguroo To Use $11M Funding Round For ML-Driven Fraud Detection

PYMNTS

Buguroo, a Spanish cybersecurity company, uses biometrics tied to behavior and deep learning processes to root out fraud. Their technology is designed to recognize illicit activity that comes from either human cybercriminals or bots. The funding round was led by Ten Eleven Ventures and Seaya Ventures, which is located in Spain.

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Meet the 18 Finalists for the 2024 Global Fintech Hackcelerator

Fintech News

Wimika RMS Technologies Ltd (Nigeria) The Wimika team is composed of seasoned professionals with diverse, yet complementary, expertise covering cybersecurity, software engineering, product management, insurance, fintech, digital fraud prevention, risk management, legal and leadership.

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135+ Cybersecurity Companies Securing The Future Of Fintech In One Market Map

CB Insights

We used CB Insights data to identify over 135 cybersecurity companies with specific use cases for financial services, and categorized them into a market map spanning 16 key categories and subcategories. TRACK ALL THE CYBERSECURITY STARTUPS IN THIS BRIEF AND MANY MORE ON OUR PLATFORM. Track cybersecurity startups. 2222+ items.