Fi911

JANUARY 18, 2024

They demonstrate the diverse methods and strategies employed by fraudsters to exploit individuals and financial institutions for their own gain: Identity Theft A criminal steals an individual’s personal information, such as Social Security number, bank account details, or credit card information, and uses it to impersonate the victim.

Account Takeovers 92

Account Takeovers MFA Fraud Detection Credit Cards 92

Segpay

FEBRUARY 21, 2024

ID Verification Generative AI plays a crucial role in identity verification by incorporating advanced biometric authentication methods. Analyzing patterns and anomalies identifies potential risks associated with identity theft or fraudulent activities.

AI 89

AI Innovation Fraud Detection Encryption 89

Clearly Payments

JULY 16, 2024

Phishing and Social Engineering: Attackers deceive employees or customers into divulging sensitive information, such as login credentials or personal identification numbers (PINs). In 2023, 83% of financial institutions reported an increase in phishing attacks. The travel industry saw a 44% increase in phishing attacks in 2023.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

MARCH 29, 2019

Upon verification, I was shocked at the massive number of emails that were publicly accessible for anyone with an internet connection,” Diachenko said in the report. It also puts people at risk for robo calls and phishing attacks, which will try to lure even more personal information out of people.

Database 74

Database Accounts Breach Phishing 74

The Fintech Times

FEBRUARY 23, 2024

IDnow , the identity verification platform provider, has revealed that there is a massive gap in UK consumer knowledge when it comes to key tactics used by fraudsters. The research by YouGov , commissioned by IDnow, reveals that many Brits are vulnerable to cybercrime which has seen exponential growth in the last year.

Deepfake 69

Deepfake Continuity Risk Smishing 69

Seon

JUNE 27, 2024

AI’s capabilities, like machine learning algorithms, are being trained to identify and exploit vulnerabilities, automate phishing attacks and bypass traditional security measures. AI can generate synthetic identities, create deepfakes and lead other persuasive and difficult-to-detect social engineering tactics.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

PYMNTS

JANUARY 20, 2020

Banks, businesses and others still have numerous fraud problems to address, from text-based scams and phishing to synthetic identity theft. The best approach is therefore to use several technologies and apply multiple verification strategies to ensure that fraudsters do not slip through the cracks.

Identity Theft 54

Identity Theft Fraud Prevention AI Scams 54

PYMNTS

SEPTEMBER 16, 2020

Colleges’ security officials are reporting increases in phishing schemes and other fraud forms as staff and students move online, however, meaning cybersecurity should be key to these institutions as they prepare to welcome new classes digitally. Phishing schemes aimed at incoming students are also becoming more problematic for many U.S.

Cybersecurity 56

Cybersecurity Enrollments Phishing Identity Theft 56

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

PYMNTS

JULY 25, 2017

At 71 percent, as estimated by one secure payments processing firm, identity theft is the most common type of fraud. Phishing follows close behind at 66 percent. Additionally, geolocation and smart technology can help provide a layer of verification that ensures legitimate transactions are processed. . the year before.

EMV 48

EMV Identity Theft Mitigation Breach 48

PYMNTS

DECEMBER 20, 2019

Such identities are also not susceptible to any blacklists or fraud filters, which only contain known fraudulent information. Clean fraudsters can acquire their stolen identities through a variety of means.

Credit Cards 52

Credit Cards Data Breach Breach Phishing 52

Nanonets

MAY 31, 2023

million individuals in the United States fell victim to identity theft in 2021. Phishing Attacks: Fraudsters send deceptive emails or messages, often mimicking reputable organizations, to trick employees or customers into revealing their payment details. million, with an average of $136 being stolen per phishing attack.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

PYMNTS

FEBRUARY 22, 2019

As phishing and ransomware become known commodities in the world of digital security, the hackers and crackers just change up their methods. While there is much negative to be said about cybercriminals, one can’t accuse hackers and cybercriminals of being uncreative in their methods. Their latest malovation? Formjacking.

Ransomware 46

Ransomware Credit Cards Identity Theft Privacy 46

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

PYMNTS

OCTOBER 9, 2020

state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. Email and the Verification Divide. The Future of Email Verification. One study on six countries, including Canada, the U.K.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

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