PYMNTS

SEPTEMBER 10, 2019

The problems with identity theft and account takeover (ATO) fraud are real and seriously need to be addressed. Or to decide that every consumer needs to be holding onto multiple devices for multiple life functions to keep things separate and secure. “We We have to admit that ship has sailed.

Consumer Authentication 59

Consumer Authentication Authentication Consumer Identity Theft 59

PYMNTS

AUGUST 7, 2019

It’s a mild piece of friction, but it’s not terribly onerous and is doing something useful: keeping consumers safe. SMS one-time passcodes are more of a risk than most consumers realize, Boku CEO Jon Prideaux told Karen Webster in a recent conversation. Unless, of course, it isn’t. How will they know when they’ve gotten to that point?

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Authentication Consumer Authentication Consumer Ubiquitous 44

PYMNTS

FEBRUARY 13, 2020

For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. As any consumer who has ever cursed their way through a series of CAPTCHA tests can attest, they aren’t always that easy to solve. The Zero-Authentication Future.

Authentication 98

Authentication Bots Identity Theft Mitigation 98

FICO

FEBRUARY 16, 2023

This growth trend is concerning not only for the FIs, but also for the consumers whose card details and account information are impacted. Consumers: Pay Attention to Detail Fortunately, there are several specific actions that both FIs and consumers can take to minimize the impact of skimming.

Compromise 98

Compromise Debit Card Scams Smishing 98

FICO

NOVEMBER 30, 2022

Fraudsters are opportunistic, and lately they are (unfortunately) finding a lot of success by targeting consumers directly. Consumers are not as worried about APP fraud and scams as they are for other types of fraud, but awareness is growing. In the UK, it accounted for £249 million in consumer losses for the first half of 2022.

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Scams Push-to-Card Fraud Prevention CashApp 52

FICO

APRIL 26, 2023

According to the Australian Competition and Consumer Commission’s Scamwatch , for example, more than 57,000 scams were reported in the first two months of 2023 alone. According to the 2023 FICO Global Scams Survey , 51% of consumers worldwide believe their friends or family members have been victims of similar scams.

Scams 52

Scams RTP Push-to-Card Fraud Detection 52

FICO

AUGUST 16, 2022

And card skimming is big business; the FBI estimates that “skimming costs financial institutions and consumers more than $1 billion each year.”. There are concrete steps that both banks and consumers can take to fight back against skimming fraud. Consumers can also look for things that seem “off” or “fishy” about a particular terminal.

Compromise 52

Compromise Push-to-Card Romance Scams ATM 52