The Fintech Times

FEBRUARY 14, 2025

Only by adopting more advanced fraud prevention techniques and multi-layered defences can businesses stay ahead of emerging threats and strengthen trust with their users.”

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

PYMNTS

JANUARY 23, 2020

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. Developments From Around The World Of Digital Fraud. is facing fraud problems as well. percent in 2019 to $3.92

Phishing 64

Phishing Data Breach Breach Scams 64

Fintech Finance

FEBRUARY 20, 2025

In 2024, 87% of payments businesses reported a surge in online fraud, while the Global eCommerce Payments and Fraud Report identified loyalty fraud as one of the fastest-growing fraud types worldwide.

PCI DSS 86

PCI DSS Security Payment APIs and Integration MFA 86

Fintech Finance

MARCH 5, 2025

In an era where fraud methods are becoming increasingly sophisticated, with phishing, vishing, identity theft, and other forms of fraud, it is essential for financial institutions to have tools that adapt and respond to dynamic threats. Together with HPS, were setting a new benchmark for fraud prevention and compliance.

Fraud Detection 52

Fraud Detection AI Fraud Prevention Identity Theft 52

The Payments Association

JANUARY 13, 2025

Other Channels Exploited Email services and search engines are targeted via phishing emails and fraudulent ads, redirecting victims to fake websites or impersonated organisations. Frequently used for high-value impersonation fraud, with scammers posing as trusted entities like banks or government officials. of total losses.

Scams 88

Scams Romance Scams Phishing Volume 88

PYMNTS

MAY 22, 2020

People are one click away from a malware download or credential phishing [website]. Almost 65 percent of incidents involve bad actors stealing login credentials to gain account access, and phishing schemes often trick credential owners into unwittingly surrendering their details.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

Neopay

JANUARY 22, 2025

Impersonation fraud: Voice cloning technology allows scammers to convincingly impersonate family members, colleagues, or business executives. Phishing attacks: AI-generated content enables fraudsters to create highly personalised and convincing phishing emails that bypass traditional detection methods.

AI 59

AI Deepfake Phishing Audit 59

The Payments Association

OCTOBER 28, 2024

It highlights the rising trends in fraud and stresses the need for payment leaders to implement stronger prevention strategies and collaborations. Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. What’s next?

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

Seon

MAY 23, 2024

across age groups and income brackets, the volume of digital activities and transactions are on the rise – and effective fraud prevention measures have never been more critical to safeguard a business’s bottom line. Safeguard Your Business, Protect Your Future Don’t let fraud drain your resources.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Fintech News

MAY 27, 2024

In addition to data breaches, generative AI tools pose a distinct challenge to APAC fintechs, empowering fraudsters to craft sophisticated phishing lures and synthetic identities. This technology enables fraudsters to exploit vulnerabilities in fintech platforms, necessitating advanced fraud prevention strategies.

APACS 113

APACS Data Breach FinTech Fraud Prevention 113

Fintech Review

APRIL 20, 2025

The risks range from phishing and account takeovers to ransomware and insider threats. Some fintechs also specialise in cybertech themselves, offering white-label fraud prevention or identity services to other platforms. It ensures trust in the system, reduces downtime, and meets increasingly strict regulatory standards.

Finance 59

Finance Security Fraud Detection Encryption 59

PYMNTS

DECEMBER 17, 2020

One report found that there was a 54 percent increase in gift card and loyalty fraud in May compared to the previous month, making promotion fraud prevention a top priority for merchants. Other fraudsters are deploying phishing schemes to net their ill-gotten gains, either using the stolen data themselves or selling it online.

Fraud Prevention 102

Fraud Prevention Account Takeovers Phishing Push-to-Card 102

The Fintech Times

DECEMBER 19, 2024

. “With increasingly sophisticated fraud tactics on the uptick, organisations must prepare for stricter AI and compliance rules. Proactive fraud prevention today not only mitigates risk, but also future-proofs operations against costly penalties.”

Automation 59

Automation AI Fraud Prevention Deepfake 59

PYMNTS

MAY 5, 2020

“Credit unions across the country are on high alert for scammers looking to take advantage of members during the pandemic and are stepping up fraud prevention efforts as a result,” according to PYMNTS’ April Credit Union Tracker® done in collaboration with PSCU. ” Phishing, Smishing and the Value of Education .

Credit Union 95

Credit Union Smishing Phishing Credit Union Service Organization 95

PYMNTS

JULY 9, 2020

Fraudsters have only upped their efforts during the pandemic, with phishing attacks alone increasing 667 percent between late February and late March. The July FI Fraud Decisioning Playbook examines how FIs are working to better detect and defend against ATOs. Read the full story in the Playbook.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. How Big of a Problem is eCommerce Fraud? By assisting merchants in implementing effective fraud prevention measures, acquiring banks can reduce potential losses and enhance trust in the payment ecosystem.

Account Takeovers 97

Account Takeovers Fraud Detection Phishing Fraud Prevention 97

Fintech News

JUNE 6, 2024

Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to enhance their security measures. DBS isn’t the only bank making news for phishing scams. US$129,841).

Scams 105

Scams Phishing Deepfake Verification 105

PYMNTS

APRIL 21, 2020

Cybersecurity experts are scrambling to fight the sheer number of different digital fraud forms that are on the rise, and the ongoing COVID-19 pandemic has only exacerbated this problem. This means that fraud prevention measures will need to be as seamless as possible to protect users without burdening them with extra security steps.

AI 84

AI Fraud Prevention Cybersecurity Phishing 84

PYMNTS

JANUARY 13, 2021

The prevalence of online commerce opens new doors for digital fraud, however, both from career fraudsters and opportunistic customers. Phishing scams were on the rise all year, while a survey of online shoppers found that 40.3 percent had falsely claimed a charge on their credit card was fraudulent to score a refund. About The Tracker.

Fraud Prevention 75

Fraud Prevention Posting Multifactor Authentication Scams 75

PYMNTS

JULY 2, 2020

But the bad news is that fraudsters see a once-in-a-lifetime opportunity to jump into the increased flow of transactions, Gary Sevounts , executive at fraud detection firm Kount , told PYMNTS in a recent conversation. He added that fraudsters have been showing up across the board in terms of fraud types attempted.

Transactions 112

Transactions Push-to-Card Account Takeovers Fraud Prevention 112

PYMNTS

MARCH 18, 2020

Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data. Vishing” and “smishing” are two phishing variants that have become more popular as QSR employees and consumers grow wise to the suspicious emails associated with phishing.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

PYMNTS

JULY 15, 2020

Among the schemes du jour during the pandemic: phishing attacks , of course. Bayliss noted that well-organized, coordinated phishing attacks could be bewildering to consumers as fraudsters look to gather data and take over accounts — targeting passwords, for instance. Merchants need to understand who’s shopping online,” said Bayliss.

Phishing 100

Phishing Fraud Prevention Transactions Volume 100

The Paypers

APRIL 28, 2020

Cifas , the UK-based fraud prevention association, has highlighted the latest coronavirus-related scams and there has been a rise in scams related to phishing and bitcoin.

Phishing 35

Phishing Bitcoin Fraud Prevention Scams 35

PYMNTS

JULY 7, 2020

The demand for omnichannel experiences — order online, curbside pickup — means merchants can best navigate the heavy tech lifting by embracing the partnerships, fraud prevention and other services provided by Visa and Cybersource.

Contactless Payments 113

Contactless Payments Fraud Prevention Phishing On-Demand 113

The Payments Association

OCTOBER 22, 2024

According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year. This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. By analysing transaction history and behaviour, AI enhances fraud prevention measures. The Growing Threat Landscape in Fintech As fintech grows, so does its attractiveness to cybercriminals.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

The Payments Association

OCTOBER 14, 2024

The Payment Systems Regulator’s decision to lower the cap for APP fraud reimbursements to £85,000. It affects how victims of fraud are compensated and how payment service providers (PSPs) approach fraud prevention. Regular reviews and updates of these measures are expected to adapt to evolving fraud tactics​.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

The Fintech Times

DECEMBER 18, 2023

Rise in social engineering Doriel Abrahams, head of risk, Forter Doriel Abrahams , head of risk at payment optimisation and fraud prevention platform Forter, also expects social engineering will “take a giant leap forward” in 2024. Take company-wide training to identify phishing attacks for example.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

AUGUST 24, 2018

Phishing still grabs victims by the wallet, and Barclays warns against social engineering. It is called phishing and lures the unwitting corporate executive or owner into giving away sensitive data or sending money to the fraudster. Business can bring people together who never see each other face to face.

Phishing 40

Phishing NACHA Checks Facilitators 40

PYMNTS

APRIL 9, 2020

And that has made it more critical than ever for firms of all types and descriptions to think hard about taking a more balanced approach to fraud prevention — but think more holistically about the field they are protecting. If you look at the customer journey from end to end, the fraud starts not just around payments.

Account Takeovers 94

Account Takeovers Fraud Prevention Push-to-Card Accounts 94

Fraud.net

MARCH 1, 2024

Understand the mechanics of account takeover fraud and discover effective prevention strategies to safeguard against ATO attacks.

Account Takeovers 52

Account Takeovers Fraud Prevention Accounts Identity Theft 52

BioCatch

SEPTEMBER 18, 2024

Whether through phishing emails and text messages or social media, the biggest cyber threat facing banking customers today is the rise of sophisticated social engineering frauds. No matter where you live, scammers will come for you.

Phishing 40

Phishing Deepfake Scams Security 40

PYMNTS

SEPTEMBER 18, 2020

The second tool, “ COVID-19 Best Fraud Prevention and Cybersecurity Practices, ” is a Top 10 list of best practices to help companies protect themselves against COVID-19-related cyberthreats. It was developed by the Cybersecurity Response Project Team. It was developed by the Cybersecurity Response Project Team.

NACHA 88

NACHA Cybersecurity Scams Payments 88

PYMNTS

NOVEMBER 16, 2016

‘Tis the season … to be very, very wary of phishing and other types of fraud. Research suggests that financial phishing scams jump up nearly 10 percent in frequency during the holiday shopping season. The eCommerce fraud protection company, headquartered in Cleveland, Ohio, announced last Friday (Nov.

Phishing 64

Phishing Authentication Scams Fraud Prevention 64

PYMNTS

MARCH 20, 2020

In the March Merchant Fraud Decisioning Playbook , PYMNTS examines how AI and ML are enabling merchants to gather information from various data sources, transforming those details into actionable insights and bypassing the manual reviews that can leave them unable to keep up with fraudsters’ ever-evolving efforts.

Fraud Prevention 90

Fraud Prevention Account Takeovers Phishing AI 90

The Fintech Times

DECEMBER 22, 2023

Cleafy , a fraud prevention, cybersecurity expert, data scientist, and software engineer team, has launched new technology to proactively classify, detect and respond to new malware variants in real-time, to tackle an issue presenting growing levels of threat.

AI 88

AI Cybersecurity Online and Mobile Banking Fraud Prevention 88

The Fintech Times

MARCH 6, 2024

However, bad actors have also been able to abuse the tech, and in 2024, 87 per cent of industry experts have acknowledged the tech could be used to drive fraud attempts according to a new SEON report. Some of these challenges include volume, cost, and complexities of fraud.

AI 59

AI Fraud Prevention Identity Theft Account Takeovers 59