2019 Account Takeovers Blocks 
PYMNTS
DECEMBER 18, 2020
“Cybercriminals are well aware that merchants are setting higher thresholds for blocking transactions, which is a major flaw of rules-based fraud prevention strategies.”. He said rules-based systems often fail to find high-dollar fraudulent transactions, but do often block legitimate transactions along the way.
PYMNTS
MAY 27, 2020
Account takeovers (ATOs) rose 347 percent from 2018 to 2019 — a problem that will only worsen if financial institutions (FIs) are not vigilant. Fraudsters seek to fly under the radar by stealing information through one channel that they then use to execute ATOs or other attacks.
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PYMNTS
OCTOBER 16, 2020
A financial fraud attack against FIs or businesses occurred every two minutes on average in 2019, resulting in 59,627 attacks in total. million pounds (about $483 million) during the first half of this year compared to the same period in 2019, blocking 853 million pounds (about $1.1 trillion a year. billion) in attacks.
PYMNTS
AUGUST 7, 2020
The research also noted a 40 percent increase compared to February in the number of blocked attempts to guide users to phishing websites for one of the most-visited gaming platforms. . The following Deep Dive examines how fraudsters’ schemes target gamers as well as how data breaches enable bad actors to commit account takeover (ATO) fraud.
PYMNTS
FEBRUARY 14, 2020
One recent report found 93 percent of all mobile transaction attempts were fraudulent in 2019, for example, as consumers’ migration to online and mobile payments continue. Australia reported a 5 percent drop in online fraud from 2018 to 2019, for example, with losses decreasing from the $479 million reported for 2017 to 2018 to $455 million.
PYMNTS
OCTOBER 8, 2020
A December 2019 study found that 70 percent of restaurant customers have used mobile devices to interact with restaurants, for example, although the nature of their interactions varies. The following Deep Dive explores how restaurants are using the latest dining and ordering technology to satisfy these requirements. Mobile Ordering.
PYMNTS
JULY 21, 2020
This month’s Deep Dive examines the ways that bad actors try to exploit P2P payment app users via scams and account takeovers (ATOs). This problem is widespread, as 53 percent of respondents in a 2019 survey said they had used P2P apps to send money to unknown sellers on bidding platforms like eBay. Fraudulent Sellers.
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