Account Takeovers Compromise Risk Assessment 
The Payments Association
JUNE 11, 2025
Account takeover attacks exploit credential stuffing and social engineering techniques, with UK finance recording 34,114 cases of card identity theft in the first half of 2022 alone, leading to gross losses of £21.4 This highlights the opportunity for smarter systems to deliver both trust and throughput, without compromising either.
The Payments Association
DECEMBER 11, 2024
Machine learning enhances this approach by processing vast datasets to identify subtle patterns and predict fraudulent activities, making real-time anomaly detection and risk assessment possible. The most successful approaches will prioritise creating frictionless user experiences without compromising security.
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PYMNTS
APRIL 12, 2017
Fueled by account takeovers facilitated by major data breaches, reports suggest that one out of every 86 CNP transactions today is deemed fraudulent, said Greg Bonin, COO of data-as-a-service company XOR Data Exchange. In simple terms, XOR gathers data on the information compromised in major breaches, Bonin said.
PYMNTS
AUGUST 19, 2019
In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of QSR rewards programs and how credential stuffing and account takeovers are plaguing the industry. Cybercriminals attempted to sell accounts and loyalty credits. So, what are the downsides? Hacks aren’t exclusive to the U.S.
Neopay
FEBRUARY 27, 2025
The study, which surveyed over 1,200 financial and payment sector professionals across seven European countries, found that account takeover remains the leading type of fraud affecting customers, followed by card payment fraud and phishing.
PYMNTS
JULY 21, 2020
Compromised credit card fraud increased 212 percent year over year in 2019, while customer credential leaks increased 129 percent during the same period. Fraudsters are teaming up to rip off FIs, forming elaborate rings that work cooperatively on account takeovers and phishing attempts.
PYMNTS
NOVEMBER 6, 2017
In September, the consumer credit agency Equifax reported that the personal information of roughly 143 million Americans was compromised in a data breach of epic proportions. billion each year and that account takeovers have seen a sharp spike of 45 percent in Q2 2017. percent from Q2 2016 to Q2 2017.
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