Account Takeovers Bots Research 
Fintech News
SEPTEMBER 22, 2024
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. of all cases.
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.
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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?
Fintech News
MARCH 20, 2024
This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. Research by Sumsub shows that one in every 100 users of digital platforms globally became a victim of fraud ring activities in 2023.
PYMNTS
FEBRUARY 26, 2020
Security standards have largely not kept up with such threats, according to a joint study from Javelin Research and Kount. As a retailer, you can say there’s no practical purpose why a customer would be trying to log on to your network using a bot.
PYMNTS
SEPTEMBER 17, 2020
Sharing economy businesses looking to keep their guests safe must deter data breaches that continually threaten organizations and can allow cybercriminals to steal usernames and passwords to access accounts. Other account takeover (ATO) schemes involve bots, which can conduct some 100 hits per second.
PYMNTS
APRIL 15, 2020
But as Srinivasan pointed out, Fiserv research shows that even with the rise of the internet and mobile phones, 70 percent of banking consumers visit a bank or credit union branch at least once a month. Older users are less familiar with banking online, so they are being increasingly targeted in account takeover attacks.
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