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Trusted devices and silent signals could help FIs improve fraud protection

Finextra

And, as victims of Account Takeover (ATO) fraud continue to grow, the challenge is no longer just about preventing fraud, its about restoring customer confidence in a digital landscape where trust has become the most valuable currency. Silent signals form a critical component of this more advanced authentication strategy.

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How to Increase Transaction Success Rates for Online Merchants

Finextra

Authentication Problems Security protocols such as 3D Secure require customers to complete additional verification steps during checkout. Reduce False Declines with Better Fraud Prevention False declines — when legitimate transactions are mistakenly blocked — are a growing issue for online merchants. Use 3D Secure 2.0

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

Seon

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?

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New Report: How Behavioral Analytics Help FIs Block Fraud At The ITM

PYMNTS

Hacking, cybercrime and various forms of digital fraud are a never-ending worry for digital-first banks, with fraudsters leveraging techniques as diverse as phishing schemes, identity theft, account takeovers and botnets to target both banks themselves and their customers.

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Zelle: The Role Of AI In Stopping COVID-Related P2P Payment Scams

PYMNTS

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. The nation’s banks managed to reduce their financial crime losses by 374.3 billion) in attacks. About The Playbook.

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New Report: How Alipay Fends Off The Fraudsters

PYMNTS

Identity verification and authentication solutions help financial institutions (FIs) block out fraudsters, but leveraging just one or two of these offerings may not be enough. How AI-Powered Risk Engines, Biometric Authentication Secure Alipay Against Scammers. Around The AML/KYC World. Find the full story in the Tracker.

AML
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Detecting And Preventing Cyberfraud Amid Large Transaction Volumes

PYMNTS

During this hectic time of year, merchants are particularly vulnerable to promotion abuse, account takeover and transaction fraud. “Fraudsters know that higher transaction volumes and a demand for fast processing times leave merchants vulnerable to attacks. Behavioral Biometrics Ensure You Are You .