FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Javelin Research reported a 17% rise in reported US identity theft victims , from 13.1 Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. million to 15.4 The Fraudsters Are Ready.

Identity Theft 72

Identity Theft Account Takeovers Best Practices Data Breach 72

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. The Federal Reserve determined that synthetic identity fraud costs FIs $6 billion annually , with each incident costing lenders between $10 and $15,000.

Innovation 85

Innovation Security Bots Identity Theft 85

Finovate

AUGUST 14, 2024

” Credential stuffing refers to a type of cyberattack in which a hacker uses credentials obtained through data breaches or purchased from the dark web in order to attempt to access another service. “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

JANUARY 9, 2019

Stopping fraudsters can feel a bit like playing Whac-A-Mole for luxury retailers who want to protect customers and data, and no one wants to be the next retailer to experience a data breach or high-volume fraud attack. This is especially true as data breaches grow more common as eCommerce sales grow.

Fraud Detection 43

Fraud Detection Data Breach Account Takeovers Breach 43

Seon

JANUARY 29, 2024

It is also considered a form of identity theft, because it happens when someone logs into an account that isn’t theirs to exploit it. 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

Seon

JUNE 21, 2023

Multi-use VCCs : With low-friction onboarding, fraudsters may use bots to try and generate cards en masse. As such, organizations need to be aware that VCCs are yet another digital temptation to attract online fraudsters, and that can lead to plenty of other layers of a data breach.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52