Remove 2015 Remove Account Takeovers Remove EMV
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The Battle Raging Over Account Takeovers

PYMNTS

There’s a war going on in the digital world, one that most consumers are unaware of, despite the impact it could have on their money and their privacy — a battle between fraudsters and security providers over account takeovers. Account takeovers accounted for more than $2.3 billion in losses last year.

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Why Fraud Is Now ~$11 Of Every $100 Of Digital Sales

PYMNTS

There were 34 fraud attacks for every 1,000 transactions in the first quarter of 2016, compared to a level of 15 attacks almost a year ago in the second quarter of 2015. Yet, with EMV, they have gone online, said the Forter executive, even as law enforcement has not kept pace. First, the biggest headline stats. noted Reitblat.

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Identity Fraud Numbers Rose 16 Percent In 2016

PYMNTS

What’s more, the increase in EMV cards and terminals was a driver of shifting to fraud by opening new accounts. Card-not-present fraud increased by 40 percent, while incidence of fraud at the point of sale was unchanged from the levels seen in both 2014 and 2015.

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Hacker Tracker: Shimmers, Identity Fraud, And Hacked Hotels

PYMNTS

Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. It’s expected that the number of account takeover attacks will also continue to grow. Old Tools, New Tricks . has fallen significantly behind the curve.

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How To Tell The Good Bots Vs. The Bad Ones

PYMNTS

Earlier this year, the Global Fraud Attack Index , a PYMNTS and Forter collaboration, found that online fraud attacks have jumped by 11 percent since the move to EMV in October. “The more accessibility to install and download bots there is, the more wary you need to be.”. However, just because botnets primarily stick to the low-hanging (i.e.,

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eCommerce Vs. Zombie (Computers)

PYMNTS

In the application of botnets to attack transactions — including, but certainly not limited to, on point-of-sale devices — in 2015, cybercriminals hit just about every eCommerce vertical, save for food and beverage, at a rate never before seen. As the growth of EMV adoption in the U.S.

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AIs Sizzle, ICOs Fizzle And Fraudsters Find A Way To Ruin Everyone’s Week

PYMNTS

Well, for one, account takeovers, which are on the rise. According to the October 2017 Global Fraud Index, a PYMNTS and Signifyd collaboration, account takeover has spiked 45 percent in Q2 2017 alone. The increase in account takeovers is symptomatic of the larger landscape of fraud.

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