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

The Payments Association

JULY 15, 2025

Questions address both immediate challenges (fraud prevention, regulatory compliance, technology readiness) and forward-looking opportunities (AI implementation, collaborative defence strategies, regulatory evolution). Account takeover fraud (8%) and chargeback fraud (6%) rounded out the most commonly cited high-impact types of fraud.

Financial Crimes

The Payments Association

JUNE 11, 2025

Understanding and addressing the complex fraud ecosystem is now essential for UK platforms operating in an increasingly hostile digital environment. It's crucial to focus on prevention before transactions and address friendly fraud abuse through streamlined, single-platform solutions that transform fraud prevention into a growth enabler."

Risk

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

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

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. 03 July E-Commerce on social media and Fraud Prevention.

Stablecoins

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. 03 July E-Commerce on social media and Fraud Prevention.

Stablecoins

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

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. What Do Fraudsters Do with Accounts They Have Taken Over?

Account Takeovers

Seon

JANUARY 29, 2024

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. What Is Account Takeover Fraud?

Account Takeovers

PYMNTS

OCTOBER 23, 2017

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. They’re using weak passwords – oftentimes, the same weak password for all of their online accounts. Growth Trajectory.

Account Takeovers

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

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

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

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

Fi911

JULY 8, 2024

Furthermore, the growing sophistication of fraud techniques, including synthetic identity fraud and account takeovers, exacerbates the challenge. New Account Fraud New account fraud involves scammers using stolen or fake information to open new accounts in the victim’s name.

Account Takeovers

PYMNTS

FEBRUARY 10, 2019

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. OkCupid also never sent an email to confirm the address change, and was unhelpful when its customer reached out for assistance.

Accounts

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

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. The way to address these things is always through layered defense,” Sevounts said. Or at least they will try.

Security

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

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

Fintech News

MAY 27, 2024

Account Takeover (ATO) and promotion abuse are common fraud tactics affecting APAC fintechs. In conclusion, APAC fintechs must proactively address the growing fraud threat by implementing comprehensive fraud protection strategies tailored to the region’s unique challenges.

APACS

Fi911

JANUARY 18, 2024

They can then open new accounts, apply for loans, or make unauthorized purchases in that person’s name, leaving the victim to deal with the financial and emotional consequences. This can help prevent unauthorized transfers or purchases, especially in the case of account takeovers.

Account Takeovers

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

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

PYMNTS

SEPTEMBER 24, 2018

Fraudsters also use customers’ or executives’ lack of knowledge about security protocols to their advantage, and that’s where account takeovers come in. Account takeovers have skyrocketed in recent months, as a flood of consumer records have hit the dark web.

AI

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

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

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

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.

Account Takeovers

Fintech News

JUNE 6, 2024

A robust cybersecurity approach should include consumer education and sophisticated technology to address the complex threats posed by cybercriminals,” said Frederic. By sharing important intelligence on emerging fraud trends, banks can stay ahead of the curve and adapt their security measures accordingly. “A

Scams

PYMNTS

OCTOBER 29, 2018

Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards and stolen personal data, and even houses and other physical locations. This type of fraud prevention relies on “identifying anomalies compared to normal behavior,” he said.

Fraud Prevention

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. When you think about it, it’s the high-tech version of social engineering. Deep fake threats John Baird, co-founder and CEO of Vouched.

Cybersecurity

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

PYMNTS

OCTOBER 13, 2017

The Equifax data breach — impacting sensitive and valuable information ranging from Social Security numbers to birth dates and home addresses — affected more than 150 million people and counting, and it’s become clear that the “one-size-fits-all” approach is no longer effective.

Data Security

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. financial institutions, according to estimates by Aite, will spend as much as $781 million to battle credit application fraud in 2022. alone topped $10.2 billion last year.

Identity Theft

PYMNTS

OCTOBER 16, 2020

Fraudsters deploy a variety of different methods when attacking these apps, ranging from sophisticated methods like account takeovers (ATOs) to impersonation schemes that trick users into sending them money directly. Bank customers are largely on board with these new security measures, but only t o a point.

Zelle