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 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

Finextra

JULY 14, 2025

This concentrated influx of refunds also increases exposure to fraud, as bad actors are likely to exploit the surge through synthetic identities, mule accounts, and account takeovers designed to claim refunds fraudulently.

ACH 52

ACH Checks Tax Refunds Risk 52

The Fintech Times

JULY 10, 2025

So, if you want to change your home address, password, or set up a new payee, you’ll just tap your card and enter your PIN. No one-time passwords, no saved credentials, no account takeover: just a secure, positive action that proves it’s really you.

Online and Mobile Banking 59

Online and Mobile Banking CHIPS Laws Account Takeovers 59

Finextra

JUNE 26, 2025

This structural difference makes Card-Not-Present (CNP) fraud a dominant concern, accounting for a substantial portion of all card fraud, exemplified by its 85.3% These threats include: Online payment fraud The use of stolen cards by fraudsters: A fraudster takes control of a credit or debit card account to make unauthorized transactions.

Stablecoins 52

Stablecoins Payment APIs and Integration Fraud Prevention Cross-Border 52

Fintech Finance

MARCH 3, 2025

Antom EasySafePay: Seamless one-click checkout with 100% fraud protection for e-wallet payments Designed for fast, frictionless, and secure digital wallet transactions, Antom EasySafePay addresses long-standing pain points in digital payments by reducing payment failures due to redirection issues or long loading times.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

Finextra

JUNE 26, 2025

This structural difference makes Card-Not-Present (CNP) fraud a dominant concern, accounting for a substantial portion of all card fraud, exemplified by its 85.3% These threats include: Online payment fraud The use of stolen cards by fraudsters: A fraudster takes control of a credit or debit card account to make unauthorized transactions.

Stablecoins 52

Stablecoins Payment APIs and Integration Cross-Border Account Takeovers 52

PYMNTS

MARCH 1, 2017

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.

Account Takeovers 56

Account Takeovers Accounts Credential Authentication 56

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.

Account Takeovers 52

Account Takeovers Accounts Authentication Data Breach 52

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

OCTOBER 23, 2017

Can fraudsters still take over her accounts? “Of Ersell’s organization specializes in credit card and eCommerce fraud (including account takeover), which calls for different skills and strategies than, say, hacking into merchants’ websites. Webster noted that she always gets her flu shot, but sometimes she still gets the flu.

Account Takeovers 53

Account Takeovers Accounts Cybersecurity Bots 53

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

FICO

JULY 23, 2019

Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.

Account Takeovers 40

Account Takeovers Accounts Credential Rules 40

FICO

JULY 23, 2019

Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.

Account Takeovers 40

Account Takeovers Accounts Credential Rules 40

FICO

JULY 23, 2019

Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.

Account Takeovers 40

Account Takeovers Accounts Credential Rules 40

PYMNTS

SEPTEMBER 29, 2017

The real concern is that the most personal of data — names, Social Security numbers, credit card numbers, addresses, birthdates, driver’s license numbers — of basically the entire adult population of the United States has disappeared into the dark web. There may be no silver bullets, but there are mitigations to the situation.

Account Takeovers 41

Account Takeovers Accounts Data Breach Breach 41

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

PYMNTS

APRIL 13, 2020

Savvy resellers know how to make more than one email address, he said, and thus will simply hit the same sites under a number of aliases to skirt buying caps. A decade ago, bad actors were stealing card numbers for digital fraud, and now they’re taking over whole accounts. Or at least they will try.

Security 129

Security Account Takeovers Caps Accounts 129

Fi911

JANUARY 18, 2024

They subsequently gain control over existing accounts, or establish new ones without the victim’s awareness. These accounts frequently pertain to credit cards and serve as a means to make unauthorized purchases A criminal might use stolen personal information to open a bank account, for example.

Account Takeovers 105

Account Takeovers MFA Fraud Detection Credit Cards 105

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks.

APACS 111

APACS Fraud Prevention Deepfake Account Takeovers 111

PYMNTS

MARCH 14, 2020

“The goal of the attack is generally to steal credit card information, guess shopping cart tokens to take over the shopping session, or exfiltrate consumer account PII (personally identifiable information) that can be used to perpetrate other fraud.”. percent of all eCommerce fraud , is still account takeover.

Account Takeovers 92

Account Takeovers Credential Automation Bots 92

PYMNTS

JULY 2, 2020

Account takeover fraud, phishing scams and friendly fraud have all seen upticks of late. based consumer suddenly shopping from a Zimbabwe-based IP address. He added that fraudsters have been showing up across the board in terms of fraud types attempted. Or problems could be very large — a U.S.-based

Transactions 112

Transactions Push-to-Card Account Takeovers Fraud Prevention 112

Fintech News

MAY 27, 2024

According to a report by McKinsey, APAC accounted for nearly 40% of the global BNPL transaction volume in 2020. Account Takeover (ATO) and promotion abuse are common fraud tactics affecting APAC fintechs. Additionally, the APAC region is a frontrunner in adopting innovative payment methods like Buy Now, Pay Later (BNPL).

APACS 119

APACS Data Breach FinTech Fraud Prevention 119

PYMNTS

JUNE 25, 2018

Cybercriminals have a new favorite weapon in their quest to allude regulators, law enforcement and corporate security departments: account takeovers. Recent research reveals account takeovers have risen by 300 percent over the past year, with losses topping $5 billion. The Rise Of Account Takeovers.

Account Takeovers 46

Account Takeovers Breach Compromise Payments 46

PYMNTS

SEPTEMBER 24, 2018

These incidents — such as the event that impacted Equifax late last year — account for roughly 25 percent of all attacks, and most commonly occur when hackers pass through security firewalls or other protections to gain access to records. Most fraudsters resort to one of a half-dozen techniques when launching their attacks.

AI 78

AI Account Takeovers Data Breach Cybersecurity 78

PYMNTS

AUGUST 5, 2020

Online, they are providing payment credentials, a delivery address and very likely have created an account with the retailer,” he said. That has an account name and password that includes an email address and information like when their birthday is. But put the same consumer online and the story is very different.

Security 106

Security Account Takeovers Laws Consumer 106

Finextra

MARCH 20, 2024

In addition to fraud networks, the upgraded solution will also help businesses address other pertinent fraud issues such as account takeovers, chargeback fraud, bot attacks and more.

Fraud Prevention 52

Fraud Prevention Account Takeovers Bots APACS 52

The Fintech Times

DECEMBER 18, 2023

“A similarly damaging trend is account takeovers (ATOs) where a bad actor gains access and takes over an online account using stolen or hacked credentials. We’ve always seen RDC attacks, but they’ve popped up more regularly this year and I suspect it’s just the tip of the iceberg.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

NOVEMBER 16, 2016

With a nod toward the methods of the fraud attacks, Reitblat noted that fraudsters use several methods concurrently, with account takeovers, botnets and location manipulation among the most often employed conduits. and Europe. and Europe.

Account Takeovers 82

Account Takeovers EMV Law Enforcement FBI 82

PYMNTS

NOVEMBER 17, 2020

During this hectic time of year, merchants are particularly vulnerable to promotion abuse, account takeover and transaction fraud. To successfully address fraud, merchants need to have a fraud prevention strategy in place well before the holiday season.". Behavioral Biometrics Ensure You Are You .

Volume 72

Volume Transactions Account Takeovers Phishing 72

PYMNTS

JUNE 22, 2020

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. Account fraud can take 15 hours for cardholders to resolve — hardly the most productive use of anyone’s time. alone topped $10.2 billion last year.

Identity Theft 77

Identity Theft Database Account Takeovers Issuers 77

Fintech News

JUNE 6, 2024

The Jumio 2024 Online Identity Survey reveals that 85% of Singaporean consumers are willing to spend more time on identity verification measures when accessing financial services accounts to improve security. The benefits of digital identity verification extend beyond just enhanced security.

Scams 111

Scams Phishing Deepfake Verification 111

Fintech Finance

AUGUST 2, 2024

Pre-Payment Security : Device fingerprinting, biometric authentication, and real-time monitoring to prevent identity fraud and account takeover. Comprehensive Coverage : Strong support for account-to-account payments, complete coverage for card and card-backed wallets, and strong support for alternative payments including crypto.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

PYMNTS

JULY 7, 2020

Also in April, PYMNTS reported incidences of account takeover increased 347 percent while shipping fraud skyrocketed 391 percent, respectively, from 2018 to 2019, and that was before COVID-19 became a household name. Scammers often employ addresses that differ slightly from the real ones they are impersonating.

Federal Trade Commission 70

Federal Trade Commission FTC Consumer Scams 70

PYMNTS

SEPTEMBER 24, 2020

China and India alone account for roughly half of the globe’s smartphone-using population. Those lines of defense can indeed be effective, said Donlea, “as long as details in that consumer's account have not already been changed through an account takeover.”.

APACS 98

APACS Risk Online and Mobile Banking Verification 98

PYMNTS

FEBRUARY 18, 2020

This opens the door to new avenues of attack by those who wish to steal data, hijack accounts and make off with ill-gotten gains, as Eric Kraus, vice president of risk, fraud and compliance at FIS , told PYMNTS in a recent interview.

Fraud Prevention 66

Fraud Prevention Account Takeovers Online and Mobile Banking P2P 66

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. It’s worth noting here that you can always act on your initial suspicions by running a quick email lookup against an address associated with a dubious message.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52