Payments Source

MARCH 17, 2020

Digital fraud protection provider Kount has launched a security layer designed to prevent account takeover.

Account Takeovers 69

Account Takeovers Accounts Security Identity Theft 69

Fintech Weekly

OCTOBER 17, 2024

Account takeover (ATO) attacks which are unauthorized access and control over a user's account, have led to massive financial fraud over the past few years.

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Account Takeovers Accounts 78

Bank Automation

NOVEMBER 21, 2023

Account takeovers using stolen credentials and related financial crime increased by 354% year over year in the second quarter, according to the September “Q3 2023 digital trust and safety index” report by […]

Account Takeovers 75

Account Takeovers Accounts Money Laundering Financial Crimes 75

Fintech Finance

DECEMBER 4, 2024

Similarly, three in ten (30%) said they experienced attempts at account takeovers, where unauthorized parties tried to gain access to their online business accounts. Additionally, 42% dealt with refund fraud, where customers manipulated refund policies to obtain reimbursements for products or services they were not entitled to.

Account Takeovers 104

Account Takeovers Small Business Phishing Scams 104

Finextra

OCTOBER 22, 2024

A banking loophole leaving account holders vulnerable to fraud can be closed by a groundbreaking development merging open banking with Direct Debit sign up.

Account Takeovers 98

Account Takeovers Accounts 98

Fraud.net

JULY 29, 2024

Learn how Fraud.net's award-winning platform helped a BNPL payment processor reduce account takeovers, first payment defaults, and fraud.

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Account Takeovers Accounts BNPL Processors 59

ACI Worldwide Blog

MAY 20, 2025

The post AI and the next frontier in account takeover (ATO) detection appeared first on ACI Worldwide. Get expert insights into how the latest technology is helping businesses prevent reputational damage, operational disruptions, and revenue loss.

Account Takeovers 52

Account Takeovers AI Accounts Risk 52

The Fintech Times

FEBRUARY 3, 2025

Account takeover scams saw a dramatic increase of 250 per cent last year. Staying ahead of evolving strategies such as AI deepfake-generated documents and biometrics, emerging technologies, and bad actor account takeover tactics are crucial in protecting your business, safeguarding data, and building trust with customers.

Deepfake 81

Deepfake Account Takeovers Identity Theft Scams 81

Fintech News

SEPTEMBER 22, 2024

Global highlights: January – December 2023, Source: Confidence Amid Chaos: Managing Fraud and Scams with Data and Analytics, LexisNexis Risk Solutions In financial services, new account creation attacks increased by 12% YoY, driven by increases on the mobile channel, primarily mobile browser. of all cases.

Accounts 143

Accounts Scams Bots Account Takeovers 143

FICO

MARCH 22, 2022

Account takeover fraud (ATO) occurs when an unauthorized person takes control of an account. The fraudster takes steps to actively control the account, for example by applying for a new card or changing the account contact information or password. Source: Cifas Fraudscape 2021. ATO – Old School and High-Tech.

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Account Takeovers Accounts Authentication Data Breach 52

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

Fraud.net

DECEMBER 1, 2023

Modern account takeover protection requires implementing machine learning, geolocation, and anomaly detection to spot and prevent ATO fraud.

Account Takeovers 52

Account Takeovers Best Practices Accounts Fraud Detection 52

PYMNTS

OCTOBER 13, 2020

Shoppers may be quick to take their business elsewhere if these demands are not met, with 66 percent of respondents saying they had at least once given up opening accounts due to poor experiences. The offering supports merchants’ onboarding and verifying new users as well as securing their accounts. Read more in the Tracker.

Account Takeovers 69

Account Takeovers Accounts Federal Trade Commission Verification 69

Finextra

APRIL 2, 2025

Trustfull, a leader in identity intelligence for fraud prevention, today announced the launch of Login Solution, which analyses hundreds of behavioural and device-related signals to combat surging account takeover (ATO) fraud.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention 52

Payments Source

APRIL 4, 2018

The one thing more valuable to consumers than their bank accounts might be their internet access — and a new version of the ‘Trickbot’ trojan targets both.

Account Takeovers 83

Account Takeovers Accounts Consumer Security 83

Fintech News

APRIL 25, 2025

Data from identity verification specialist Sumsub reveal that identity fraud incidents have more than doubled in the past three years, with account takeovers and deepfakes emerging as major concerns. Notably, account takeovers witnessed a remarkable increase, increasing by 250% year-over-year (YoY) on a worldwide basis.

Deepfake 98

Deepfake APACS Account Takeovers Verification 98

Seon

JANUARY 29, 2024

Having trouble protecting your user accounts? In this guide, we’ll see why accounts are targeted, how fraudsters acquire them, and, of course, which steps you should take to secure them. This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

APRIL 15, 2020

Another threat besides the lack of business is the increased risk of account takeovers (ATOs), as fraudsters exploit the turmoil to steal customers’ data. Deep Dive: QSRs Face Continuous Battle Against Account Takeovers. About The Tracker.

Account Takeovers 61

Account Takeovers Accounts Fraud Prevention Phishing 61

The Nilson Report

AUGUST 12, 2024

The post Velera Introduces IDCheck to Help Combat Identity and Account Takeover Fraud appeared first on Nilson Report.

Account Takeovers 52

Account Takeovers Accounts Posting 52

Fintech News

JULY 22, 2024

Singapore-based multi-currency e-wallet YouTrip now allows users to transfer funds back to their bank accounts and link their accounts for top-ups. Users can now withdraw funds to their bank accounts using their mobile number or NRIC linked to their YouTrip account.

Accounts 113

Accounts Multi-Currency Account Takeovers On-Demand 113

PYMNTS

AUGUST 27, 2020

Tens of thousands of stolen Fortnite accounts are being sold on the black market in a $1 billion a year trade, according to Bloomberg. It found that criminals are using automated tools to mass-check for Fortnite accounts from hordes of stolen identities from recent data breaches. Regular ones go for $200 to $250.

Accounts 115

Accounts Account Takeovers Data Breach Breach 115

BioCatch

FEBRUARY 21, 2024

Other than all of them being famous in their respective line of work, be it Bollywood, cricket, business, or entertainment, they all are victims of account takeover. Some lost money while others lost access to their social media accounts.

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Account Takeovers Accounts 52

The Paypers

OCTOBER 29, 2024

Sift , an AI-driven fraud prevention company, has announced updates to its account takeover (ATO) solution, enhancing fraud risk protection throughout the entire consumer journey.

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Account Takeovers Accounts Fraud Prevention AI 36

Fintech News

FEBRUARY 4, 2025

Unlike its regional counterparts, where fraud types like triangulation fraud and account takeover fraud are more common, Singapore has seen a rise in more sophisticated and creative forms of fraud. Monitoring account activity regularly and reviewing bank and credit card statements helps detect fraudulent transactions early.

Fraud Prevention 106

Fraud Prevention Phishing Authentication Disputes 106

The Paypers

SEPTEMBER 17, 2024

Sift has released its Q3 2024 Digital Trust Index, which found that account takeover (ATO) attacks are on the rise, having an increase of 24% across its Global Network.

Account Takeovers 36

Account Takeovers Accounts 36

The Payments Association

MAY 21, 2025

Organised crime groups target FIs and their customers, adapting attack methods across payment channels to bypass fraud detection systems, with authorised push payment fraud (APPF), account takeover (ATO) fraud, and AI-enabled deep fake scams. trillion in illicit funds flowing through the global financial system.

Fraud Prevention 88

Fraud Prevention Fraud Detection Financial Crimes Crime 88

PYMNTS

FEBRUARY 10, 2019

Some of OkCupid’ s users have reported that their accounts have been hacked, although the dating site is denying it has experienced a security breach. A user who contacted reporters revealed that a hacker broke into his account and changed his password, as well as his email address on file, so that he couldn’t reset his password.

Accounts 67

Accounts Account Takeovers Breach Addressing 67

The Paypers

SEPTEMBER 29, 2022

US-based fraud prevention platform Sift has released its Q3 2022 Digital Trust & Safety Index , detailing the increase of account takeover attacks.

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Account Takeovers Accounts Fraud Prevention 41

The Paypers

JUNE 7, 2024

Cybersecurity startup SpyCloud has secured USD 35 million in a funding round aimed at improving its account takeover prevention capabilities.

Account Takeovers 36

Account Takeovers Accounts Cybersecurity Security 36

Fintech Finance

DECEMBER 9, 2024

billion user accounts. Antom EasySafePay streamlined digital wallet payments procedures, eliminating the need to redirect from merchant checkout page to the users wallet app, and offers full account takeover protection to wallet users, and lead to significant payment success rate increase.

Embedded Finance 98

Embedded Finance Cross-Border AI Cross-Border Settlement 98

Payments Source

AUGUST 1, 2019

Most cloud storage systems have gaps that open the door to account takeover, API attacks and other threats, argues Pravin Kothari, founder and CEO of CipherCloud.

Account Takeovers 104

Account Takeovers Breach Security API 104

Fintech Finance

FEBRUARY 4, 2025

Over this period, Ravelin has established itself as a market leader in identifying payment fraud, account takeover, return & refund abuse, promotion & voucher abuse and marketplace fraud, and performing 3D Secure authentication.

Fraud Prevention 69

Fraud Prevention AI Acquirers Account Takeovers 69

The Fintech Times

DECEMBER 6, 2024

Thirty per cent also said they experienced account takeover attempts, where unauthorised parties tried to gain access to their online business accounts. Cyberattacks didn’t stop there.

Account Takeovers 80

Account Takeovers Phishing Small Business Cybersecurity 80

PYMNTS

DECEMBER 18, 2020

“Companies need to move toward a digital trust and safety strategy that accounts for the changing behaviors of fraudsters while ensuring a seamless experience for legitimate users,” Tan said. Digital fraud is a longstanding issue for retailers and banks.

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Account Takeovers Blocks Fraud Prevention Rules 133

The Payments Association

JANUARY 17, 2025

Account takeover and multi-accounting are on the rise Account takeover, where cybercriminals take ownership of online accounts using stolen passwords and usernames, and multi-accounting, the practice of opening multiple accounts to take advantage of promotions or playing bonuses, both saw a huge surge in 2024.

Account Takeovers 88

Account Takeovers Verification Payments Accounts 88

Payments Source

AUGUST 22, 2018

Account takeover (ATO) fraud currently drives the largest fraud losses at North American financial institutions within digital channels, according to a new report from Aite Group and Early Warning, the bank organization that operates the Zelle payment network brand.

Account Takeovers 92

Account Takeovers Mobile Payments Zelle Phishing 92

Fi911

JULY 8, 2024

Fraudsters exploit vulnerabilities in online payment systems and often use stolen credit card information or create fake accounts to make unauthorized purchases. Furthermore, the growing sophistication of fraud techniques, including synthetic identity fraud and account takeovers, exacerbates the challenge.

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105