Remove Account Takeovers Remove Accounts Remove Bots
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Digital Fraud Attacks Rise 17% in Financial Services, Driven by Payment and Account Creation Fraud

Fintech News

In 2023, the financial services industry continued to sustain the most automated bot attacks, with 1.8 the number of bot attacks in the sector decreased by 6% YoY. Automated bot attacks remained stable in 2023 compared with the previous year, though the targets shifted. Despite this high volume. of all cases.

Accounts 143
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Sumsub Leverages Device Intelligence to Monitor Fraud Activity in Real Time

Fintech News

This allows companies to detect threats such as bot activity, account takeovers, and multi-accounting without relying on personal data or interrupting user experiences. The company also noted that the tool helps reduce false positives while improving fraud detection from sign-up through transactions and account changes.

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The Battle Raging Over Account Takeovers

PYMNTS

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.

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Kount Control Aims To Cut Account Takeover Fraud

PYMNTS

With a new solution announced Tuesday (March 17), identity trust and digital fraud protection firm Kount seeks to help people avoid the pitfalls and annoyances of account takeover fraud. That includes everything from bots, credential stuffing and malicious, intentional human hacking activity.

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What Is Account Takeover Fraud (ATO)? Detection & Prevention

Seon

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.

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Bots, humans share the workload of digital fraud

Payments Source

As mobile payment applications increasingly integrate with social media platforms, fraudsters are using a mix of bots and human labor to increase their chances of a successful account takeover.

Bots 69
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The Rising Fever of Account Takeover Fraud

PYMNTS

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.