2022 Account Takeovers Identity Theft 
The Payments Association
JUNE 11, 2025
UK card fraud alone reached £396 million in 2022, with friendly fraud responsible for most chargebacks. Current fraud landscape Card-not-present (CNP) fraud, predominantly from e-commerce, dominates the UK threat landscape, accounting for 81% of all UK card fraud , with 2.21 billion in return-based fraud in 2022.
The Fintech Times
APRIL 22, 2024
In 62 per cent of smartphone theft cases, businesses face severe financial and cybersecurity risks. Despite company efforts, lax PIN hygiene and open apps on stolen devices pose serious threats, including account takeover and ransomware attacks.
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PYMNTS
JUNE 22, 2020
financial institutions, according to estimates by Aite, will spend as much as $781 million to battle credit application fraud in 2022. Consider the fact that, as estimated by Javelin Strategy and Research, the combined estimated losses of new account fraud and account takeover in the U.S. alone topped $10.2
Fintech News
JUNE 6, 2024
From December 2021 to January 2022, close to 800 individuals fell victim to an SMS phishing scam where fraudsters impersonated OCBC. These technologies provide financial organisations with a secure and reliable way to verify the identity of their customers, reducing the risk of identity theft and account takeovers.
Accertify
AUGUST 16, 2024
Chargebacks are generated when consumers are confused by payments, forget auto-renewals, or suffer genuine fraud in the form of account takeover attacks. According to The Identity Theft Research Center (ITRC), 422 million individuals were impacted by a data breach in 2022 in the US alone 10. link] Shopify.
FICO
DECEMBER 13, 2022
Tue, 12/13/2022 - 11:20. FICO’s 2022 Fraud and Customer Experience survey uncovered important insights about what FIs’ customers value most, particularly when opening new financial accounts or applying for loans. However, this aversion to badly thought-out identity checks extends to use of existing accounts.
Seon
JUNE 15, 2023
A BEC attack is when a fraudster gains unauthorized access to a business’s account. The most damaging form of BEC is account takeover (ATO) attacks. Ask an Expert CEO Fraud CEO fraud is a catch-all term for the exploitation of the account of a high-ranking organizational official, such as a CEO or an investor.
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