Neopay

JANUARY 22, 2025

Despite the rising risk, less than a quarter (22%) of financial institutions have implemented AI-driven fraud prevention measures, highlighting a significant vulnerability. This suggests that many companies are unprepared to face the evolving AI-enabled fraud landscape.

AI 59

AI Deepfake Phishing Audit 59

PYMNTS

NOVEMBER 26, 2019

Their technology is designed to recognize illicit activity that comes from either human cybercriminals or bots. The company was started in 2010 to identify malicious actors who try to impersonate legitimate bank account holders. Buguroo said its technology can identify new types of malware on a web browser or mobile app.

Fraud Detection 56

Fraud Detection Bots Cybersecurity Credential 56

The Fintech Times

AUGUST 17, 2024

“In today’s highly competitive and digital-first world, the use of behavioural analytics is now vital for innovating for the future of fighting fraud.” Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability.

Risk 59

Risk Fraud Detection Bots Identity Theft 59

PYMNTS

FEBRUARY 26, 2020

Many chains have thus been turning to fraud detection programs driven by artificial intelligence (AI) to make the most of their limited prevention resources, leveraging various techniques to stop bad actors’ advances. Many QSRs and third-party ordering apps are thus already using these tools to enhance their fraud detection procedures.

Credential 56

Credential AI Account Takeovers Fraud Detection 56

PYMNTS

DECEMBER 21, 2020

Meanwhile, Kount’s Event-Based Bot Detection can stop malicious bots, allow good bots and quickly analyze, classify and adapt policies to new and questionable bots.”. The new Mobile Order-Ahead Tracker® notes that “restaurants will have to step up their game when it comes to fraud detection and prevention.

Bots 60

Bots Fraud Detection Account Takeovers Breach 60

Fintech Finance

OCTOBER 9, 2024

Fraudsters are turning to AI to fuel fraud AI technology, such as AI-driven bots and scripts, has given fraudsters unprecedented speed to automate the process of generating synthetic identities on a massive scale. ” Key report insights at a glance Payment trends (H1 2024 vs.

BNPL 98

BNPL Volume Alternative Payment Methods AI 98

Finovate

AUGUST 14, 2024

The addition of credential stuffing protection is the latest example of Alkami’s layered approach to fraud detection and prevention in digital banking. Data and technology company Experian is adding behavioral analytics to its fraud detection capabilities courtesy of a newly announced acquisition of NeuroID.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

Fintech Finance

MAY 30, 2024

Mangopay’s Fraud Prevention solution provides a fully integrated and payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover by both bots and humans, reseller fraud, payment fraud, chargebacks, and return abuse.

Fraud Prevention 52

Fraud Prevention AI Payment APIs and Integration Fraud Detection 52

PYMNTS

DECEMBER 26, 2019

Companies are getting much better at fraud detection and prevention, partly in response to its rapid spread. billion transactions found that between July and September 2019, about 20 percent of accounts opened were the result of massive bot attacks , not humans. Digital fraudsters aren’t taking this lightly. billion of that.

Fraud Detection 52

Fraud Detection Bots Law Enforcement AI 52

PYMNTS

JANUARY 21, 2020

Advances in fraud decisioning have cybercrooks scrambling into the new arcana of synthetic identities and fiendish mass bot attacks, looking for any possible opening to exploit. Some industries are more prone than others, as we discovered in the latest Fraud Decisioning Playbook , a PYMNTS and Simility collaboration.

Fraud Detection 52

Fraud Detection FBI Bots AI 52

CoinRemitter

MARCH 20, 2024

Enhanced Fraud Detection AI algorithms are capable of analyzing a vast amount of transaction data. Fraud detection can be insanely quicker and 90% more accurate after the inclusion of AI in crypto payments. The liquidity pool arbitrage bot consistently analyzes various liquidity for live price differences.

Blockchain 40

Blockchain AI Fraud Detection Payment Gateways 40

PYMNTS

OCTOBER 8, 2020

One of the most promising tools QSRs leverage to fight fraud is artificial intelligence (AI), which studies have found can increase fraud detection rates by 50 percent and reduce false positives by 60 percent.

Innovation 56

Innovation Account Takeovers Fraud Detection Bots 56

PYMNTS

JUNE 13, 2019

Old manual detection techniques like analyzing geolocations, IP addresses and discrepancies between billing and shipping addresses aren’t able to catch high-level attacks, and often result in false positives. Fraudsters are getting more sophisticated, making use of bots to mimic typical online shopping behavior.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

PYMNTS

JANUARY 9, 2019

As they craft their omnichannel strategies, most luxury retailers are using a variety of fraud detection programs to counteract increasingly devious methods. With our current fraud detection system, we are utilizing device fingerprinting,” Ciborowski said. “The

Fraud Detection 43

Fraud Detection Data Breach Account Takeovers Breach 43

Seon

MAY 28, 2024

Focusing on combating key issues like bonus abuse, multi-accounting, bot activity and affiliate fraud, we’ll examine the attack vectors that can diminish trust and financial stability if they are not addressed efficiently. Can You Spot the Bot?

Security 52

Security Fraud Prevention Bots AML 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

Fintech News

OCTOBER 28, 2024

Wimika’s solution, MoneyGuard, is a cyber fraud insurance solution that offers individual bank customers rapid reimbursement of lost funds within seven days. Powered by advanced fraud detection and seamless integration with financial institutions, it provides peace of mind and financial security against financial cyber fraud.

FinTech 116

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 116

PYMNTS

APRIL 24, 2018

The highest bidder then uses a bot to run automated scripts that test username and password combinations against the breached site to weed out accounts that no longer work. Nipping Fraud in the Bud. Shem-Tov said the principles behind spotting ATO are similar to those behind traditional fraud detection.

Breach 50

Breach Bots Credential Data Breach 50

PYMNTS

FEBRUARY 19, 2020

Muscular platforms like these with advanced capabilities are being layered onto other analytics tools and fraud detection systems for an “orchestrated” approach to fraud decisioning. In the omnichannel environment, fraud orchestration can prevent personal information from being siloed in ways that hackers find easy to access.

Law Enforcement 52

Law Enforcement Fraud Detection Bots Phishing 52

FICO

AUGUST 3, 2022

For payments, risk, fraud prevention and financial crimes professionals, FICO World 2022 delivered a wealth of information on rapidly emerging trends and solutions. Synthetic Identities and Application Fraud. The Rise of the Bots. Some customers had found that bots were being used to uncover the right 3 digits for the CVV.

Financial Crimes 52

Financial Crimes Crime Scams Bots 52

Seon

JANUARY 29, 2024

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. Deploying end-to-end fraud prevention and detection software helps you keep track of user activity and helps you spot suspicious patterns.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

FICO

SEPTEMBER 5, 2022

or more details on individual countries credit card fraud and losses including multi-year trends, explore the European Fraud Map. How FICO’s Fraud Solutions Reduce Losses. Read Fraud Trends for 2022: Top 5 Includes ‘Scamdemic’ and Bad Bots. Global Fraud Trends: What’s Happening and What’s Next?

Scams 52

Scams Financial Crimes Credit Cards Push-to-Card 52

PYMNTS

DECEMBER 13, 2019

According to one Mastercard study , about one-third of millennials and Gen Zers would let a bot plan their next trip in an automated fashion using data from their travel history. They are also arbiters of CX, so online marketplaces have to provide not just delightful prices, but also actual in-app delight.

Fraud Detection 52

Fraud Detection Data Breach Bots BNPL 52

FICO

JUNE 23, 2022

In case you missed it, FICO World 2022 was a very welcome return to in-person learning and networking for the global fraud detection and financial crime-fighting community. Fraud Detection and AML Collaboration. How FICO’s Fraud Detection Capabilities Can Help Manage Fraud and Financial Crime in the ‘New Normal’.

Financial Crimes 52

Financial Crimes Crime AML Fraud Detection 52

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

PYMNTS

OCTOBER 1, 2019

In an interview with PYMNTS , Chipotle CTO Curt Garner explained how account takeovers primarily occur through automated bot attacks that have an identifiable signature. Voice Ordering: The Next Fraud Frontier?

Data Breach 57

Data Breach Breach Account Takeovers Fraud Prevention 57

Wharton Fintech

FEBRUARY 26, 2024

Quantum computing’s potential in fraud detection and loyalty enhancement Ed McLaughlin: That is one of the business opportunities of quantum being able to solve complex problems in ways you might not have been able to before.

Visa 130

Visa Technology Payments Encryption 130

Nanonets

AUGUST 1, 2023

This technology proves invaluable in detecting potential instances of fraud or non-compliance within the organization, providing deeper insights into business operations, and enabling data-driven decisions to strengthen risk management and compliance measures.

Audit 52

Audit Automation Bots Risk Assessment 52

Stax

MARCH 4, 2024

Identifying and Mitigating Payment Security Threats Phishing scams, social engineering, bot attacks—these are just a few of the most pressing cybersecurity threats that can be so devastating they have real-time effects. From there, check that encryption, tokenization, and fraud detection tools are actively working during transactions.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Fintech Labs Insights

JANUARY 11, 2017

Fraud detection. Fintech example : Multiple card issuers use AI to detect unusual spending activity. Feedzai ( FEU14 ) uses AI combined with machine learning to analyze sets of big data created during a user’s online sessions to mitigate fraud associated with online account opening, payments, and ecommerce.

AI 30

AI FinTech Bots Advisors 30

The Fintech Times

MARCH 31, 2024

Allianz Partners has got two AI bots working on travel claims. Florence, the second bot picks up some of the routine administration that can slow down claims – for example it automatically chases customers to provide documents that they’ve promised to get to us.

Risk 64

Risk AI Underwriting Automation 64

PYMNTS

JANUARY 17, 2020

This month’s Deep Dive examines the critical and delicate balancing act companies face to gain new subscribers while pushing back against account and subscription payment fraud. The PYMNTS Fraud Decisioning Playbook reported that approximately 20 percent of accounts opened for the more than 1.3

Scams 52

Scams Security Federal Trade Commission Push-to-Card 52

PYMNTS

APRIL 25, 2018

0 seconds: The amount of time a fraud bot spends browsing before making a purchase. . $100 million: The amount gig economy background-checking startup Checkr raised in Series C funding. 27 percent: The share of organizations that have secured their IoT devices.

Security 40

Security Bots Economy Checks 40

CB Insights

AUGUST 16, 2017

C3 IoT’s offerings also include turnkey SaaS IoT applications for issues such as fraud detection, supply chain optimization, and customer engagement. The company claims to have completed more than 20 industrial-scale deployments with more than 100 million connected IoT sensors since its founding in 2009.

Payment APIs and Integration 68

Payment APIs and Integration Cybersecurity Fraud Detection On-Demand 68

PYMNTS

NOVEMBER 9, 2017

Brown also said that strategic partnerships with companies that specialize in early fraud detection tools, checking IP addresses and validating cell phone networks, is a path that is actively being pursued. The end result of these strategies and partnerships, he said, will hopefully be to nip fraud in the bud.

Authentication 41

Authentication MFA Fraud Detection Security 41

FICO

MARCH 6, 2020

With the acquisition of Tonbeller in 2015, FICO expanded its fraud portfolio and moved into the growing market for financial crime and compliance solutions to bring the benefits of advanced analytics to a field dominated by rule-based systems. What does FICO offer and how does it distinguish from other AFC solutions?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81