The Payments Association

JUNE 11, 2025

The scale of the threat Fraud in digital commerce is no longer a marginal loss—it is a systemic, expanding threat. UK card fraud alone reached £396 million in 2022, with friendly fraud responsible for most chargebacks. Global e-commerce fraud is projected to surpass $100 billion by 2029. CAGR from 2025 to 2030.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

PYMNTS

OCTOBER 29, 2018

Since FIs are unfamiliar with these emerging transaction activities, it becomes challenging for them to adjust their cyberattack detection and prevention strategies. If those attacks are successful, cybercriminals would acquire unauthorized customer data that could possibly be used in an account takeover (ATO) or another form of cyberattack.

Security 76

Security Payment APIs and Integration API Authentication 76

The Fintech Times

MARCH 18, 2024

These malicious scammers are growing in number and refining their strategies, employing ever more sophisticated methods, including account takeovers, synthetic identity fraud, and social engineering scams. In the UK alone, fraudsters syphoned off £1.2billion in 2022, with almost 80 per cent of app fraud cases starting online.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Online and Mobile Banking 59

The Fintech Times

AUGUST 13, 2024

Em Conversa looks to uncover what the future of fintech could look like in the region, following a $2.1billion valuation in 2022. Identifying fraud in the age of artificial intelligence (AI) is much harder than it ever has been before. How do the Latin American AI and anti-fraud sectors compare to that of the rest of the world?

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

PYMNTS

JULY 30, 2020

With so much highbrow industry chatter about topics like payments fraud detection, it’s good to remember that this is actual crime-fighting. Traditional fraud-fighting approaches often fail against scammers who use synthetic IDs to trick financial institutions (FIs) into letting them open new accounts. Check it out.

Law Enforcement 56

Law Enforcement Credit Union Account Takeovers Federal Reserve 56

Nanonets

MAY 31, 2023

Account Takeover: Criminals gain unauthorized access to customer accounts, allowing them to make fraudulent transactions or transfer funds. Seon reports that 22% of adults in the US were victims of this type of fraud in 2022, with average losses of around $12,000 per case. Vendor fraud caused a total loss of $10.24

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

FICO

OCTOBER 7, 2022

Buy now, pay later or BNPL financing is experiencing tremendous growth, but that growth can bring potential growing pains like fraud and regulatory scrutiny. Fri, 10/07/2022 - 14:10. Account takeover (ATO) fraud is also using BNPL as an easy gateway. How FICO Can Help You Spot and Stop Fraud Across Your Portfolios.

BNPL 52

BNPL Account Takeovers CFPB Consumer Financial Protection Bureau (CFPB) 52