Account Takeovers AML Identity Theft 
PYMNTS
SEPTEMBER 24, 2019
One of the biggest problems, Blanco said, is account takeover. . Account takeover, which involves the targeting of financial institution customer accounts to gain unauthorized access to funds, is an extremely common cybercrime affecting U.S. financial institutions,” he said.
Finovate
OCTOBER 24, 2024
Effectiv, which demoed at FinovateFall 2023, was founded in 2021 to provide an open platform that integrates a wide range of risk solutions– including identity and payment fraud controls, underwriting, Know Your Business (KYB) and anti-money laundering (AML) tools– to facilitate decisions in real-time.
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Seon
SEPTEMBER 11, 2023
As neobanks evolve, the one downside of their innovation is that it opens up many new methods of attack for fraudsters, such as identity theft, fraud rings, and account takeover attacks. Identity theft: Scammers can commit identity theft by using methods like phishing and vishing to impersonate genuine users.
The Fintech Times
MARCH 6, 2024
The end-to-end fraud prevention and AML platform, SEON, has published its latest findings in its Fraud Trends 2024 guide , revealing businesses’ challenges for the year ahead. Seventy-three per cent of respondents expect an uptick in these types of fraud: phishing, synthetic fraud, identity theft, account takeovers (ATO) and money-laundering.
PYMNTS
JUNE 13, 2019
One of the latest involves hackers successfully accomplishing account takeovers (ATOs) of users of Zelle, the digital payment service. AI isn’t just used for fraud detection in the financial industry – it can also help with regulation compliance and adherence to anti-money laundering (AML) standards.
Seon
JUNE 24, 2024
The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.
Seon
JULY 10, 2024
These may include various types of fraud, such as identity theft, account takeover, payment fraud and application fraud. For regulatory compliance, they meet AML requirements by monitoring transactions above certain thresholds. Fraud transaction monitoring’s scope is narrow.
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