Finovate

FEBRUARY 10, 2025

Feedzai’s Digital Trust is effective against account takeover (ATO) attacks as well as new account fraud attempts during onboarding. ” Headquartered in San Mateo, California, Feedzai offers technology that leverages AI to help businesses fight fraud and financial crime. .

Financial Crimes 64

Financial Crimes Crime Fraud Prevention Account Takeovers 64

The Fintech Times

MARCH 30, 2025

Looking to help firms through in-depth engagement from top financial services and venture capital executives, this year, many of the selected participants have focused on agentic AI applications.

Innovation 80

Innovation FinTech AI Underwriting 80

The Fintech Times

MARCH 18, 2024

The fraud prevention industry is experiencing rapid growth in response to amplified regulatory pressure and increasingly sophisticated threats of online fraud. It has revolutionised convenience for consumers and created new business opportunities, but it has also opened a Pandora’s box of fraud risks.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

Fintech Finance

MARCH 3, 2025

While many companies choose to certify select principles, Antom has achieved full compliance across all five criteria for its payment processing service, further making it stands out as an industry leader in secure, AI-driven payment technology. Built-in fraud protection prevents e-wallet account takeover risks.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

Fintech Finance

OCTOBER 21, 2024

Award-winning Swiss FinTech, NetGuardians , known for its enterprise risk platform focused on combating bank fraud, has been chosen by PalawanPay , the e-wallet app from the Palawan Group of Companies, to bolster its fraud prevention measures. PalawanPay and other financial institutions are taking these threats seriously.

Fraud Prevention 98

Fraud Prevention Account Takeovers APACS Scams 98

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 109

APACS Fraud Prevention Deepfake Account Takeovers 109

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.

Account Takeovers 59

Account Takeovers Accounts BNPL Processors 59

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 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

Fintech Finance

MAY 30, 2024

Mangopay , a modular and flexible payment infrastructure provider for platforms, today announces the launch of its new Fraud Prevention solution. Platforms can connect to the solution through the Mangopay product ecosystem, meaning they can easily protect themselves against fraud without any additional integration.

Fraud Prevention 52

Fraud Prevention AI Payment APIs and Integration Fraud Detection 52

Fintech Review

APRIL 20, 2025

The risks range from phishing and account takeovers to ransomware and insider threats. Some fintechs also specialise in cybertech themselves, offering white-label fraud prevention or identity services to other platforms. Why Finance Needs It Financial institutions are frequent targets for cybercrime.

Finance 59

Finance Security Fraud Detection Encryption 59

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 52

Account Takeovers Accounts Authentication Data Breach 52

The Fintech Times

OCTOBER 21, 2024

PalawanPay , a payroll, debt collection, payments, cash transactions, and remittance service provider in the Philippines, has selected Swiss fintech, NetGuardians , known for its enterprise risk platform focused on combating bank fraud, to bolster its fraud prevention measures.

Fraud Prevention 52

Fraud Prevention Account Takeovers APACS Scams 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.

Account Takeovers 36

Account Takeovers Accounts Fraud Prevention AI 36

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

Fintech News

MAY 27, 2024

This underscores the critical necessity for robust fraud protection measures among APAC fintechs, given the substantial financial ramifications of data breaches in the region. This technology enables fraudsters to exploit vulnerabilities in fintech platforms, necessitating advanced fraud prevention strategies.

APACS 117

APACS Data Breach FinTech Fraud Prevention 117

The Payments Association

DECEMBER 11, 2024

Digital payments demand advanced fraud prevention, blending AI and human intelligence to counter evolving threats while ensuring seamless user experiences. Emerging trends and challenges Matt DeLauro, CRO, SEON The proliferation of diverse payment methods introduces unprecedented complexity to fraud prevention.

Fraud Prevention 88

Fraud Prevention Risk Assessment Payments Account Takeovers 88

Fintech Finance

AUGUST 19, 2024

Unit21 , a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, today announced a new bundle of features for Automated Clearing House (ACH) transactions. With Unit21’s AI Agent, investigation time can be reduced by more than 60%.

ACH 52

ACH Fraud Prevention AI Same Day ACH 52

PYMNTS

JULY 2, 2020

But the bad news is that fraudsters see a once-in-a-lifetime opportunity to jump into the increased flow of transactions, Gary Sevounts , executive at fraud detection firm Kount , told PYMNTS in a recent conversation. He added that fraudsters have been showing up across the board in terms of fraud types attempted.

Transactions 112

Transactions Push-to-Card Account Takeovers Fraud Prevention 112

PYMNTS

OCTOBER 16, 2020

In this month’s Preventing Financial Crime Playbook, Armistead explains how artificial intelligence (AI) can offer a bird's eye view of suspicious transactions and stop fraudsters from exploiting legitimate customer vulnerabilities. How P2P Payment App Zelle Leverages AI To Fight Scams And Frauds. trillion a year.

Zelle 89

Zelle P2P Scams Financial Crimes 89

PYMNTS

SEPTEMBER 24, 2018

As such, businesses are now investing in their security and fraud prevention technology and solutions. PYMNTS explores the world of cybercrime in this inaugural Digital Fraud Tracker , including how fraudsters target their victims and the ways security providers are working to stop them. . An AI-Assisted Approach.

AI 78

AI Account Takeovers Data Breach Cybersecurity 78

PYMNTS

FEBRUARY 24, 2020

But even restaurants that are leveraging mobile ordering are being faced with more avenues for fraud to enter. Starbucks is one quick-service restaurant (QSR) making hay in the mobile ordering scene, with a recent earnings call revealing that digital orders accounted for a full 17 percent of its revenue during Q1 2020.

Account Takeovers 85

Account Takeovers Credential AI Fraud Prevention 85

The Fintech Times

MARCH 6, 2024

Artificial intelligence (AI) has been a godsend in the fintech industry. However, bad actors have also been able to abuse the tech, and in 2024, 87 per cent of industry experts have acknowledged the tech could be used to drive fraud attempts according to a new SEON report.

AI 59

AI Fraud Prevention Identity Theft Account Takeovers 59

The Fintech Times

AUGUST 13, 2024

Identifying fraud in the age of artificial intelligence (AI) is much harder than it ever has been before. Fraudsters are more cunning and deceiving, taking advantage of those who either do not know or refuse to acknowledge the power of AI. What are some AI fraud trends we’re seeing in Latin America?

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

PYMNTS

SEPTEMBER 24, 2020

Without in-person interactions with bank staff, account takeovers (ATOs) and customer impersonations are much easier for fraudsters to accomplish. Fraud Threats To Digital Banking. Leveraging Video-based Onboarding, AI To Prevent Identity Fraud.

Account Takeovers 82

Account Takeovers Database Authentication Crime 82

PYMNTS

JANUARY 24, 2019

In a new PYMNTS interview, Karen Webster discussed that fraud situation — and how it might change with better digital technology — with Fang Yu, CTO and co-founder of DataVisor. Fraud Getting Worse. Timing, too, works against issuers and financial institutions, especially when it comes to the fraud-or-credit-risk determination.

Credit Risk 69

Credit Risk Risk Fraud Prevention Account Takeovers 69

PYMNTS

FEBRUARY 26, 2020

This also means fraud runs relatively unchecked among quick-service restaurants (QSRs), with total fraud losses on an average order of $15 reaching as high as $36.25. AI to the Rescue. AI systems can prevent these attacks and are inexpensive when compared to the cost of human fraud prevention teams.

Credential 56

Credential AI Account Takeovers Fraud Detection 56

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. When you think about it, it’s the high-tech version of social engineering.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

NOVEMBER 16, 2020

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding.

Identity Theft 118

Identity Theft Credential Account Takeovers Fraud Prevention 118

PYMNTS

MARCH 20, 2020

Many are turning to artificial intelligence (AI), machine learning (ML) and other advanced learning solutions to prevent and detect breaches before they can cause large-scale problems, but bad actors are using the same set of tools to sidestep authentication processes or impersonate legitimate customers.

Fraud Prevention 90

Fraud Prevention Account Takeovers Phishing AI 90

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. It’s about combining insight and connecting the dots” when it comes to fraud, he told Webster. Human Role.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

Accertify

NOVEMBER 16, 2023

The Paypers Fraud Prevention in Ecommerce 2023 – 2024, Keeping Fraudsters Out While Balancing a Seamless Customer UX has been released and it has been made available for download. It discusses the most common, yet ever-evolving types of fraud, including chargebacks, scams, and account takeover (ATO), with their latest developments.

Fraud Prevention 40

Fraud Prevention Identity Theft Account Takeovers Scams 40

Neopay

FEBRUARY 27, 2025

The financial sector is facing an unprecedented surge in AI-driven fraud, with deepfake-related attacks increasing by a staggering 2,137% over the past three years. of all fraud attempts detected in the financial sector now involve AI-generated forgeries, with deepfakes leading the charge.

Deepfake 52

Deepfake Fraud Detection Account Takeovers Fraud Prevention 52

Finovate

OCTOBER 24, 2024

Socure has acquired risk decisioning company Effectiv for $136 million Socure will integrate Effectiv’s AI-powered orchestration platform into its digital identity verification and fraud solutions. Using Effectiv’s technology, firms can combat identity theft, account takeover, scams, and real-time payment fraud.

Risk 64

Risk Acquirers Fraud Prevention Identity Theft 64

PYMNTS

MAY 27, 2020

Account takeovers (ATOs) rose 347 percent from 2018 to 2019 — a problem that will only worsen if financial institutions (FIs) are not vigilant. That makes it critical that the merchants enact strong protections against CNP payments fraud.

Scams 98

Scams Account Takeovers Online and Mobile Banking Credit Union 98

PYMNTS

OCTOBER 19, 2020

The app relies on both in-house analytics systems and its financial institution (FI) partners’ security systems to fight these frauds and scams. Leveraging AI To Fight Cybercrime. Zelle also relies on its artificial intelligence (AI)-based pattern recognition system to locate suspicious transactions that could indicate fraud.

Zelle 68

Zelle Scams AI CashApp 68

PYMNTS

APRIL 13, 2020

Fighting Fraud On All Fronts. eCommerce merchants, retailers or marketplaces have to deal with the fraud patterns that were already on the rise before the coronavirus crisis and have now gotten a big boost simply by virtue of the fact that there are so many targets. A rich field of targets isn’t their only advantage.

Security 129

Security Account Takeovers Caps Accounts 129

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. Proactive Fraud Prevention.

Fraud Prevention 66

Fraud Prevention Account Takeovers Online and Mobile Banking P2P 66