Fintech News

OCTOBER 28, 2024

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.

FinTech 114

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

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

SEPTEMBER 24, 2020

At the same time, online businesses actually invested less in fraud prevention tools as their general budgets tightened due to external pressures. Every recession leads to an increase in fraud ,” he said. And they also know that companies have fewer resources to defend themselves against fraud.”. People are desperate.

APACS 98

APACS Risk Online and Mobile Banking Verification 98

PYMNTS

SEPTEMBER 21, 2018

By the time a flood of chargebacks shows a retailer that criminals have committed fraud, it’s too late, she said, which puts a premium on enacting defenses as early as possible, and making sure they are flexible enough to respond to the movements of online, globally active digital thieves. Attack can be a simpler proposition than defense.

Account Takeovers 58

Account Takeovers Fraud Prevention Accounts Bots 58

PYMNTS

DECEMBER 20, 2019

Fraud prevention tech has to scale. 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. That’s “clean” fraud.

AI 55

AI Law Enforcement Fraud Prevention Issuers 55

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

Seon

JANUARY 29, 2024

This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud? In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 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

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

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. hotel and travel sites) are classified as “impersonators of known browsers,” which is a known fraud conduit, said Kaspersky. Account takeovers are finding favor among fraudsters.

Account Takeovers 46

Account Takeovers Faster Payments Breach Credit Cards 46

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

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. Anti-fraud. Credential Mgmt. Credential Mgmt. TRACK ALL THE CYBERSECURITY STARTUPS IN THIS BRIEF AND MANY MORE ON OUR PLATFORM. Bangsun Technology. Compliance.

Cybersecurity 30

Cybersecurity Security AML PCI DSS 30

FICO

JANUARY 10, 2023

As criminals seek new paths to vulnerable customers and safeguards, fraud professionals are constantly alert to new patterns and always responding with new technology. Here are the five most-viewed posts from 2022 on the FICO Blog related to fraud. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots.

Scams 52

Scams Posting Push-to-Card Compromise 52

FICO

JANUARY 19, 2022

By using bots to create digital art and ascribing them to a fake identity that hides behind a nickname, you can achieve nearly peak anonymity. As with all types of fraud, combining intelligence and fraud prevention efforts will always win out against the fraudster. Special Tools to Combat Credit Card Fraud.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

Seon

MAY 8, 2024

Additionally, it can swiftly detect suspicious emulators or virtual machines frequently utilized by fraudsters in account takeover schemes and phishing attempts to trick users into revealing their login credentials. This is where you can integrate residential proxy detection to bolster bot attack mitigation.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

Seon

JUNE 21, 2023

Multi-use VCCs : With low-friction onboarding, fraudsters may use bots to try and generate cards en masse. Physical credit card holders : Fraudsters may use stolen account details to apply for VCCs, potentially leading to false negative fraud checks when virtual card transactions are made.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52