Seon

JANUARY 29, 2024

There are many paths to successful ATO fraud. This could be accidental, or more sophisticated, for example following a mass phishing email campaign. To target these accounts, fraudsters often rely on spear-phishing techniques (targeted phishing), or SIM-Swapping attacks.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention 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. It’s all in the latest PYMNTS Fraud Decisioning Playbook.

Fraud Detection 52

Fraud Detection Bots Law Enforcement AI 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. Fraud and chargebacks also cause significant losses for businesses.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

FEBRUARY 19, 2020

Amazon is at the center of two recent incidents, one that exposed the personal info of almost 1,600 Ring door camera users, and another where phishing emails bearing a very convincing Amazon logo resulted in theft. Payment orchestration platforms (POPs) tackle the issue from a different angle, but the logic holds. Sealing It.

Law Enforcement 52

Law Enforcement Fraud Detection Phishing Bots 52

PYMNTS

APRIL 24, 2018

The vast majority of fraud attacks result from these data breaches. Then, there’s classic email phishing which uses social engineering to persuade customers to divulge their personal information. 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

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. Like many modern card and e-commerce frauds, the scam itself contains a range of attack vectors in a single place. Phishing attacks are on the rise during the pandemic.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

Seon

JUNE 21, 2023

Like any online account, virtual credit card accounts, the mobile wallets they are kept in, and even the online bank accounts they may be connected to are vulnerable to account takeover (ATO) fraud , phishing, and more sophisticated attacks, such as man-in-the-middle attacks. How Can Virtual Credit Card Fraud Affect Your Business?

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52