PYMNTS

JULY 3, 2019

Blockchain advisory firm AmaZix revealed that it is allowing access to its “moderation bot” to help prevent crypto scams on messaging app Telegram. Through our service, which takes the form of a bot that is added to a group, we offer free, real-time threat intelligence for Telegram.

Bots 46

Bots Scams Financial Crimes Blockchain 46

PYMNTS

DECEMBER 2, 2019

Insidious shopping bots infiltrate eCommerce sites year-round, but the holiday season brings them out in droves, with 20 bots for every one human, NBC reported on Saturday (Nov. The bots are “largely operated by organized gangs of cybercriminals,” noted the report.

Bots 43

Bots Account Takeovers Cybersecurity Credential 43

PYMNTS

FEBRUARY 18, 2020

Meanwhile, an email-based scam is promising to stop a barrage of junk and spam ads from flooding a publisher’s Google account if the publisher pays up in bitcoin, KrebonSecurity reported Monday. They would also distribute 80 percent of the fees it collected in bitcoin and ether to users who held FTs bitcoin all throughout the day.

Scams 53

Scams Bitcoin Bots Crime 53

FICO

SEPTEMBER 5, 2022

European Card Fraud in 2021: Winners, Losers and Scams. The United Kingdom and the Nordic region continue to lead Europe in terms of digital transformation and fraud loss reduction - but non-card scams are rising fast. Scams Fraud Overtaking Card Fraud. Read Fraud Trends for 2022: Top 5 Includes ‘Scamdemic’ and Bad Bots.

Scams 52

Scams Financial Crimes Credit Cards Push-to-Card 52

PYMNTS

NOVEMBER 28, 2018

Google, the FBI and White Ops, along with a handful of cybersecurity companies, recently collaborated to shut down a digital ad fraud scam that used 1.7 “Its operators constantly adopted new ways to disguise 3ve’s bots, allowing the operation to continue growing even after their traffic was blacklisted.

FBI 51

FBI Scams Cybersecurity Bots 51

PYMNTS

JULY 21, 2020

This problem puts many at risk of falling victim to scams. This month’s Deep Dive examines the ways that bad actors try to exploit P2P payment app users via scams and account takeovers (ATOs). It also details how payment service providers can up their defenses against such threats. Fraudulent Sellers.

P2P 60

P2P Scams Security Account Takeovers 60

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. The Rise of the Bots. FICO Admin.

Scams 52

Scams Posting Push-to-Card Compromise 52

Fintech News

MARCH 20, 2024

This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. In Myanmar and other Southeast Asian countries, cyber scam rings target victims with fraudulent schemes like fake jobs or investments.

APACS 107

APACS Fraud Prevention Deepfake Account Takeovers 107

Fintech Finance

MAY 22, 2024

. “Cybercriminals continue to increase the scale and complexity of their illegal operations, with dedicated scam centers becoming a permanent fixture to mount digital attacks on consumers worldwide,” said Stephen Topliss, vice president of fraud and identity, LexisNexis Risk Solutions.

Account Takeovers 52

Account Takeovers Risk Bots Scams 52

PYMNTS

APRIL 15, 2020

What we see now is more scams, particularly those attacking the PII needed to facilitate these kinds of digital crimes,” Awad noted. At best, he said, these scams are looking to separate customers from some of their money — something few can afford these days. consumers, fraud losses are not, yet. million pounds out of the unwitting.

Online and Mobile Banking 80

Online and Mobile Banking Scams Bots Risk Management 80

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. About The Tracker.

Fraud Prevention 75

Fraud Prevention Posting Multifactor Authentication Scams 75

PYMNTS

JANUARY 27, 2021

Banks have reported myriad fraud threats over the past year, including various forms of identity fraud and bot activity, and are working overtime to develop countermeasures. Bot activity is the third major threat banks faced in 2020.

Innovation 85

Innovation Security Bots Identity Theft 85

PYMNTS

NOVEMBER 4, 2016

1,000 | The price of a bot army. 20 | Number of people the IRS recently indicted over IRS scams. $4 65,000 | Cash one San Diego octogenarian lost after falling victim to the “Grandma Scam.” (Happy holidays, indeed.). 50 terabytes | The amount of data former NSA contractor Harold Thomas Martin III kept in his home.

IRS 55

IRS Scams Bots Contactless Payments 55

FICO

OCTOBER 18, 2022

Read Naomi’s post on European Card Fraud in 2021: Winners, Losers and Scams. Read Fraud Trends for 2022: Top 5 Includes ‘Scamdemic’ and Bad Bots. Listen to the recent FICO Fraud Matters Podcasts “Around the World in Scams”; Episode 5 focuses on scams in the EMEA and APAC regions , while Episode 6 focuses on scams in NORAM and LAC.

Scams 52

Scams Consulting Financial Crimes Bots 52

PYMNTS

SEPTEMBER 17, 2020

Other account takeover (ATO) schemes involve bots, which can conduct some 100 hits per second. Solutions often incorporate artificial intelligence (AI) and machine learning (ML) to verify governmental IDs and help rule out potential scams or cybercriminal exploitation.

Verification 89

Verification Authentication Economy Data Breach 89

PYMNTS

FEBRUARY 26, 2020

These merchants have always been vulnerable to in-person fraud, including coupon or promotion scams, but digital channels create new avenues that bad actors can exploit. As a retailer, you can say there’s no practical purpose why a customer would be trying to log on to your network using a bot. Selecting the Target.

Credential 56

Credential AI Account Takeovers Fraud Detection 56

FICO

AUGUST 3, 2022

My colleague Adam Davies and I have blogged about highlights: Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots is Adam’s round-up of key fraud trends discussed at FICO World. The Rise of the Bots. Some customers had found that bots were being used to uncover the right 3 digits for the CVV. See all Posts.

Financial Crimes 52

Financial Crimes Crime Scams Bots 52

PYMNTS

OCTOBER 30, 2019

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. This month’s Deep Dive details the latest malicious bot threats, and the efforts to keep them at bay.

Bots 40

Bots FBI Cross-Border AI 40

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

MARCH 22, 2020

The lawsuit said Facebook sold its advertising reach metrics as stats that represented the number of people an ad could reach overall, when in reality, the number included the total number of accounts the ad could reach, a statistic that could include numerous bots or fake accounts. Fake accounts represented another 5 percent, the stats said.

Duplicate 56

Duplicate Bots Accounts Scams 56

PYMNTS

JANUARY 17, 2020

Subscription businesses must protect their systems from fraud to prevent churn and reassure potential customers, with the latter being particularly important given that fear of scams is one of new customers’ top concerns. The Budget-Busting Impact of Continuity Subscription Scams.

Scams 52

Scams Security Push-to-Card Federal Trade Commission 52

Seon

MAY 8, 2024

The rise of generative AI is a double-edged sword, yielding significant productivity benefits while empowering fraudsters to craft more intricate and convincing scams at unprecedented volumes and velocities. 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

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. has recently experienced a rise in property scams in which thieves steal deeds and forge sales documents and notary stamps. The city of Philadelphia, Pa.,

Point-of-Sale (POS) 60

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

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

FICO

JANUARY 19, 2022

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. 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.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

MAY 15, 2018

billion of them during the past two quarters, many of which were bots that were released to spread spam or to engage in other illegal activities, such as computer scams. As for fake accounts, Facebook said it disabled close to 1.3 Most were disabled within minutes of registering on the social media platform.

Bots 40

Bots Scams Consulting Addressing 40

PYMNTS

AUGUST 26, 2016

That’s according to a report which said malicious software programs, carrying names like Acecard and GM Bot, are being used more by criminals as they look for new ways to infiltrate the financial services industry. The threat, which is growing, marks a new way for criminals to steal the banking credentials of consumers.

Accounts 40

Accounts Credential FBI Credit Cards 40

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. SET protocols use digital certificates that protect online credit card transactions.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

AUGUST 8, 2018

Business Email Compromise scams continue to grow and steal more corporate money than ever before. As previously highlighted by the FBI , Business Email Compromise scams are on the rise, and businesses saw a 26 percent increase in fraudulent emails during Q2 compared to Q1 — and that’s a whopping 87 percent increase compared to Q2 2017.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

MAY 2, 2017

First, it was all about the bots on Messenger and AR/VR at F8. Department of Justice (DoJ) announced plans to charge a man allegedly responsible for a $100 million business email compromise scam. Additionally, research from Trend Micro found $1 billion total losses worldwide in 2016 due to BEC scams.

Business Email Compromise 43

Business Email Compromise Email Compromise Scams Phishing 43

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. The homesharing pioneer has since dealt with the problem by tightening up scam detection.

Fraud Detection 52

Fraud Detection Data Breach Bots BNPL 52

PYMNTS

JUNE 11, 2020

NS8 looks at advertising campaigns and determines which ones are bots unjustly eating up space and money. 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.

Fraud Detection 60

Fraud Detection Fraud Prevention Bots Advisors 60

FICO

JULY 1, 2022

And we all became a little more jumpy, I’d say, especially upon hearing anecdotes like this: When Debbie kicked off the session by asking panelists to identify the most “interesting” fraud development they’d seen during the pandemic, Ulisses said that in Brazil, it was “the fake moto boy scam.”.

Financial Crimes 52

Financial Crimes Disputes Online and Mobile Banking Crime 52

PYMNTS

JUNE 16, 2020

Another type of restaurant-related social media scam involves fraudsters running fake restaurant accounts that promise to give away free food or store credit. 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.

Venmo 61

Venmo Push-to-Card Duplicate Bots 61

PYMNTS

MAY 24, 2018

billion of them during the past two quarters, many of which were bots that were released to spread spam or to engage in other illegal activities, such as computer scams. As for fake accounts, Facebook said it disabled close to 1.3 Most were disabled within minutes of registering on the platform.

Authentication 40

Authentication Best Practices Bots Privacy 40

FICO

AUGUST 16, 2022

At FICO World 2022, I hosted a session where we talked about global fraud trends like authorized push payment scams and romance scams. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. Senior Director, Product Management. expand_less Back To Top. Tue, 08/16/2022 - 11:10. But here in the U.S., Related posts.

Compromise 52

Compromise Push-to-Card Romance Scams ATM 52