Remove Bots Remove Fraud Prevention Remove MFA
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Deep Dive: Reducing The Security Risks Of Open Banking

PYMNTS

These credential abuse attacks come in a variety of forms, with some hackers choosing to overwhelm API defenses with simultaneous logins from a host of bots and others using more targeted techniques like phishing individual API developers and using their login credentials. percent of fraud attempts, according to one study.

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Deep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO Problem

PYMNTS

A popular brute force method used to accomplish this is credential cracking , which involves fraudsters using bots to automatically plug potential usernames and passwords into login screens in the hopes of stumbling across the correct credentials.

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What Is Account Takeover Fraud (ATO)? Detection & Prevention

Seon

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.

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Why Alexa Won’t Replace Call Center Agents Just Yet

PYMNTS

I don’t think Alexa is road-ready for true voice biometric determination for an MFA [multi-factor authentication], even in-home,” IntraNext CEO Patrick Brown told Karen Webster in a recent interview. Self-care, chat bots, artificial intelligence, and machine-to-machine learning is here to stay.