Seon

MAY 8, 2024

Fueled by technology advancements and the widespread availability of affordable cloud computing, this evolution has democratized the ability to launch large-scale cyberattacks and fraud schemes, enabling virtually anyone to orchestrate them. 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

PYMNTS

JUNE 11, 2020

The company uses over 170 factors to determine if order fraud is taking place, the press release says, and the sophistication behind the methods allow merchants to continue doing business even while the detection process is ongoing. NS8 looks at advertising campaigns and determines which ones are bots unjustly eating up space and money.

Fraud Detection 60

Fraud Detection Fraud Prevention Bots Advisors 60

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. The Rise of the Bots. Criminals are making use of automation to industrialize their fraudulent attacks, including card fraud. A Greatest Hits Compilation.

Financial Crimes 52

Financial Crimes Crime Scams Bots 52

PYMNTS

OCTOBER 30, 2019

Tackling Millennials’ $71M eCommerce Fraud Problem. Even tech-savvy millennials fall victim to scams, with this generation losing $71 million to eCommerce fraud over the past two years. Deep Dive: Increasingly Advanced Bots Face Off Against Increasingly Sophisticated Defenses. Read the full story in the Tracker.

Bots 40

Bots FBI Cross-Border AI 40

PYMNTS

NOVEMBER 27, 2019

Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud. Customers and retailers are not the only ones being targeted, either: Fraudsters are also using automated bots to trick advertisers into paying money for false marketing impressions. The city of Philadelphia, Pa.,

Point-of-Sale (POS) 60

Point-of-Sale (POS) AI Card Issuer Credit Cards 60

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

JANUARY 28, 2020

Combatting aggressive online fraudsters calls for asymmetrical strategies that confound mal-bots with superhuman processing power. Email phishing scams seem so Y2K that it’s hard to believe how effective they are, even against corporations protected by fancy firewalls. Then multiply that by the 4.1 The figures are staggering.

Data Breach 57

Data Breach Phishing Breach Bots 57

PYMNTS

DECEMBER 26, 2019

billion transactions found that between July and September 2019, about 20 percent of accounts opened were the result of massive bot attacks , not humans. The robot army marched on eCommerce, financial services, gaming and travel sites mostly — a 70 percent rise in bot-driven registrations in Q3 2019 alone. One analysis of more than 1.3

Fraud Detection 52

Fraud Detection Bots Law Enforcement AI 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

PYMNTS

DECEMBER 2, 2019

Approximately 12 percent of live concert attendees — about 11 million people — fell victim to ticket scams last year, including those in which consumers purchased fake tickets or paid for ones that ultimately never materialized. The program’s goal is twofold, Karyo said.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Account Takeovers Credit Cards Duplicate 52

FICO

JUNE 14, 2022

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. FICO's annual conference exposed some of the biggest fraud trends today, from the "scamdemic" to bot attacks. The Rise of the Bots. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 04:56. by Adam Davies.

Bots 52

Bots Scams Financial Crimes Push-to-Card 52

PYMNTS

DECEMBER 16, 2020

More than $134 million was lost to such scams in 2019, according to the Federal Trade Commission (FTC), while $117 million was lost to them during the first half of 2020 alone. Such schemes entail fraudsters falsely advertising offers from restaurants on social media, then duping victims into paying for them and absconding with the funds.

Bots 124

Bots Federal Trade Commission Monetary Loss AI 124