PYMNTS

JANUARY 13, 2021

Phishing scams were on the rise all year, while a survey of online shoppers found that 40.3 Some of the most common tactics include phishing emails or impersonation scams, with some bad actors harnessing bots to reach thousands of consumers at once with these schemes. percent increase from the previous year.

Fraud Prevention 75

Fraud Prevention Posting Multifactor Authentication Scams 75

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

APRIL 15, 2020

They’re sending bot armies against log-in pages to brute-force passwords out of them. And while all of that was true before COVID-19, being truly digitally enabled and secure is no longer something anyone can afford to wait on, because so much activity has migrated online and is going to stay there, even when this is over.

Online and Mobile Banking 80

Online and Mobile Banking Scams Bots Risk Management 80

PYMNTS

AUGUST 8, 2018

Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. ProofPoint’s report does not underestimate the strength of ransomware attacks via phishing. Another phishing strategy, known as angler phishing, also showed its teeth in Q2.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

JUNE 29, 2020

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.

MFA 96

MFA Risk Security API 96

PYMNTS

APRIL 9, 2020

Meanwhile, fraud continues to evolve; fraudsters have varied the program and brought bot armies, password spraying schemes, phishing scams and a host of other techniques to harvest good consumer information — and then leverage it to take over those consumer accounts. “If

Account Takeovers 94

Account Takeovers Fraud Prevention Push-to-Card Accounts 94

PYMNTS

JULY 24, 2020

Just as a fraudster might use a popular celebrity to get people to open their phishing emails, they’re going to use COVID for the same thing. COVID is no different than any other kind of macro trend. It’s what the fraudsters tag onto because it’s the most current opportunity. And that’s exactly what we’re seeing.”.

Verification 83

Verification Authentication AI Checks 83

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. Finally, train employees on security best practices and how to recognize phishing attempts and other frauds.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

JUNE 12, 2019

FIDO security keys provide the strongest protection against automated bots, bulk phishing, and targeted attacks by leveraging public key cryptography to verify your identity and URL of the login page, so that an attacker can’t access your account even if you are tricked into providing your username and password,” Google said.

Authentication 49

Authentication Phishing Bots Credential 49

PYMNTS

FEBRUARY 13, 2020

Cybercrooks are activating millions of fake identities they’ve patiently created on the most popular social media sites, phishing for personal info, posing as legitimate connections, and basically causing havoc. Private industry and government agencies have had enough, and they’re mobilizing.

Verification 60

Verification Card Issuer Phishing Bots 60

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

PYMNTS

DECEMBER 19, 2019

In the third quarter of 2019 alone, mass “bot” attacks on FIs and card accounts rose by 70 percent year on year, indicating that fraud is getting, well, faster. The stakes are high, and tech is the weapon of choice in fraudsters’ ploys to gain access to sensitive data and drain accounts as they seek to exploit consumers’ trust in their CUs.

Credit Union 53

Credit Union Compromise Credential Bots 53

PYMNTS

APRIL 24, 2018

Then, there’s classic email phishing which uses social engineering to persuade customers to divulge their personal information. 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. Separating the Wheat from the Chaff.

Breach 50

Breach Bots Credential Data Breach 50

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. Sealing It.

Law Enforcement 52

Law Enforcement Fraud Detection Phishing Bots 52

Seon

JANUARY 29, 2024

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. There are many paths to successful ATO fraud.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

MARCH 6, 2020

Social media networks’ APIs could collect users’ contact information for scammers’ targeted phishing campaigns, for example. Others gain system access by intercepting and viewing messages with API keys or using phishing attacks to trick legitimate users into connecting with hackers’ systems, enabling fraudsters to acquire those keys. .

API 52

API Authentication Security Payment APIs and Integration 52

PYMNTS

MAY 2, 2017

First, it was all about the bots on Messenger and AR/VR at F8. In other news of note from the Facebook space, it recently came to light that the social media giant, along with Google, were the heretofore unnamed victims of a combined $100 million phishing attack earlier this year. At the end of March , the U.S.

Business Email Compromise 43

Business Email Compromise Email Compromise Scams Phishing 43

PYMNTS

JULY 21, 2020

Fraudsters also want to steal details like the names of consumers and their banks because including such information in phishing texts and emails lends an air of legitimacy to their masquerade, making it harder for consumers to detect the scheme.

P2P 60

P2P Scams Security Account Takeovers 60

PYMNTS

JANUARY 3, 2020

And the devils we know – garden-variety credit and bank fraud , phishing and bot attacks, online identity scams and the rest – may feel more comfortable than the devils we don’t know. Risk vs. Reward. Instant money is shaking things up, which is to be expected.

Instant Payments 60

Instant Payments Payments Push-to-Card Ubiquitous 60

PYMNTS

NOVEMBER 27, 2019

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. Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud.

Point-of-Sale (POS) 60

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

PYMNTS

JUNE 16, 2020

This problem is set to grow even worse in the future, with researchers developing a bot that can churn out believable fake reviews with zero human input. This may seem like an unwinnable battle for the restaurant industry, but there are measures that can mitigate this problem.

Venmo 61

Venmo Push-to-Card Duplicate Bots 61

FICO

MAY 27, 2022

Evolving technology (bots, cloud infrastructure and virtual machines) has enabled criminals to submit fraudulent applications at scale to different organizations. . It remains one of the top three fraud attacks, alongside phishing and card testing. Application fraud soared during the pandemic and continues to grow today.

Identity Theft 52

Identity Theft Origination Use Case Checks 52

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. This includes phishing of personal and account-level information as well as compromising the PAN / CVV for use in a fast-following fraud attack. Fake webpage for Royal Mail.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

MAY 27, 2016

We don’t like that bots are sizzling, mind you, but they are, unfortunately, on fire. I was reminded yesterday in my digital discussion with the CEO of Forter, Michael Reitblat, that 83 percent of the fraud attacks last year were the result of botnets, besting some of the more “tried and true” tactics like account takeovers and phishing.

SWIFT 43

SWIFT Bitcoin Online and Mobile Banking ATM 43

CB Insights

JULY 20, 2017

Others companies in this subcategory include Zenedge , which offers a cloud-based, AI-driven Web Application Firewall (WAF), malicious bot detection, and DDoS cybersecurity solutions.

Cybersecurity 30

Cybersecurity Security AML PCI DSS 30

CB Insights

JUNE 17, 2020

While the vast majority of retail and banking chatbots are customer-facing, JPMorgan has been pushing the boundaries of what bots can accomplish in its back-end operations. Phishing scams where attackers assume the identities of healthcare and other aid organizations to extract sensitive information have increased.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

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

Seon

MAY 8, 2024

Additionally, it can swiftly detect suspicious emulators or virtual machines frequently utilized by fraudsters in account takeover schemes and phishing attempts to trick users into revealing their login credentials. 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

Fintech News

MARCH 9, 2025

This collaboration addresses growing concerns about fraud and phishing scams in Singapore, where the Financial Industry Disputes Resolution Centre has reported a rise in related claims. This addresses risks including bot sign-ups and fraudulent activity.

Security 82

Security Fraud Detection Verification Phishing 82

CB Insights

MAY 3, 2018

Consider: Political-bot armies or fake user “sock puppets” are targeting social news feeds to computationally spread propaganda. Automated laser phishing. Automated laser phishing: Malicious AI impersonating and manipulating people . Table of contents. The rise of digital information warfare.

Bots 78

Bots Deepfake Phishing AI 78