Remove Account Takeovers Remove Bots Remove Phishing
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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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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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Shutting The Front Door On Online Fraudsters

PYMNTS

Winning The New War With Account Takeover. Brands, he noted, have every incentive to give their best customers the VIP experience — hence they let them create accounts so their credit information, past purchases and associated data can be kept and used to curate and customize the consumer experience.

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Fighting Fraud In The New Normal

PYMNTS

Older users are less familiar with banking online, so they are being increasingly targeted in account takeover attacks. They’re sending bot armies against log-in pages to brute-force passwords out of them. Call centers are much busier than normal, while employees working from home are under much more frequent assault.

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Filtering Out the Fraudsters: Putting Device Intelligence to Work

Seon

Multi-Accounting Detection Through meticulous tracking of device and browser IDs associated with each user account, device intelligence facilitates the detection of multiple users accessing your platform from the same device, enabling proactive measures to preserve the integrity of your user base.

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Deep Dive: Securing P2P Apps Against Scams And ATOs

PYMNTS

This month’s Deep Dive examines the ways that bad actors try to exploit P2P payment app users via scams and account takeovers (ATOs). Criminals that successfully convince users to hand over login information can take control of the accounts and block out the original owners. Fraudulent Sellers.

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Virtual Credit Card Fraud: Its Risks & How to Prevent it

Seon

Like any online account, virtual credit card accounts, the mobile wallets they are kept in, and even the online bank accounts they may be connected to are vulnerable to account takeover (ATO) fraud , phishing, and more sophisticated attacks, such as man-in-the-middle attacks.