PYMNTS

SEPTEMBER 24, 2020

In a Masterclass interview with PYMNTS, Tom Donlea , vice president and general manager, APAC at global identity verification provider Ekata , said Asia offers greenfield opportunities — and some areas of risk — for merchants looking to offer digital wallets.

APACS 98

APACS Risk Online and Mobile Banking Verification 98

PYMNTS

JULY 1, 2019

Account Takeovers Plague the QSR Industry. Cybercriminals can obtain stolen identities for as little as $4, meaning it’s easier than ever for them to launch account takeover (ATO) attacks. The Ineffectiveness of Card Verification in the Digital Age.

Account Takeovers 66

Account Takeovers Online and Mobile Banking Data Breach Credit Cards 66

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. Pay with TRIO offers: Stablecoin Settlement in minutes, Flat 1.5%

Stablecoins 52

Stablecoins Payment APIs and Integration Fraud Prevention Cross-Border 52

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. Online Seller Verification and Customer Review Fraud Prevention.

Stablecoins 52

Stablecoins Payment APIs and Integration Cross-Border Account Takeovers 52

PYMNTS

JUNE 25, 2018

Cybercriminals have a new favorite weapon in their quest to allude regulators, law enforcement and corporate security departments: account takeovers. Recent research reveals account takeovers have risen by 300 percent over the past year, with losses topping $5 billion. The Rise Of Account Takeovers.

Account Takeovers 46

Account Takeovers Breach Compromise Payments 46

PYMNTS

AUGUST 7, 2020

The following Deep Dive examines how fraudsters’ schemes target gamers as well as how data breaches enable bad actors to commit account takeover (ATO) fraud. The technology uses individuals’ unique biometric credentials, such as their fingerprints or facial scans, to verify their identities before allowing them to log on to platforms.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

FEBRUARY 22, 2019

The fallout hits everyone involved via a fraudulent transaction, and, as the data shows, account takeovers are on the rise. Nowadays, verification spans many conduits and data points — including something the consumer is (i.e., The flow of credentials is designed not to create friction, but to provide permission.

Credential 52

Credential Account Takeovers Authentication Ubiquitous 52

PYMNTS

AUGUST 10, 2020

Biometric identity verification is proving perhaps the best weapon we have to defend against the synthetic frauds and deep fakes that are starting to dominate cybercrime. “By These methods could be especially useful for online age-verification processes, as biometric measures are highly accurate and difficult to fake.”.

Credential 56

Credential Account Takeovers Authentication Duplicate 56

PYMNTS

APRIL 23, 2019

Money laundering, account takeovers and other illicit activities threaten to turn away legitimate consumers, as well as the government agencies that provide gaming licenses. . The verification steps necessary to accomplish this can present frictions for users who want to onboard quickly, however. . Key Issues.

Money Laundering 43

Money Laundering SWIFT Security Account Takeovers 43

PYMNTS

OCTOBER 26, 2016

With massive cyberattacks like the recent Yahoo data breach — which compromised the personal data of an estimated 500 million user accounts — it’s clear that payment data isn’t the only information that needs to be protected. Covering All The (Data) Bases.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

PYMNTS

JANUARY 16, 2020

Fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use. Today’s fraudsters are practiced and well-equipped, making proper data and consumer identification a must to maintain a successful business in any industry.

AI 53

AI Identity Theft Authentication Account Takeovers 53

PYMNTS

JANUARY 23, 2020

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. Phishing is an enormous fear for businesses, with attacks accounting for 90 percent of data breaches.

Phishing 64

Phishing Data Breach Breach Scams 64

FICO

JUNE 20, 2019

Of this, over $ billion n is attributed to subscription fraud and account takeover. As many services now employ the smart phone as a contact point for verification, such as a One Time Passcode via SMS. The consumer’s mobile account has become fundamental as part of an authentication trail in many services such as banking.

Account Takeovers 45

Account Takeovers Verification Data Breach Bots 45

Clearly Payments

JULY 16, 2024

According to the Association of Certified Fraud Examiners (ACFE) , financial institutions account for 16.8% Account Takeover (ATO): Fraudsters gain unauthorized access to customer accounts to steal funds or conduct illicit transactions. Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2%

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

JANUARY 24, 2020

The degree to which an issuer is able to establish trust in a consumer’s identity … and [bind] it to strong credentials is the same degree to which you can have a trusted transaction with a merchant,” he said. Merchants can better trust transactions made with cards issued by firms with strong authentication approaches, for example. .

Issuers 61

Issuers Card Issuer Authentication Processors 61

FICO

JUNE 20, 2019

Of this, over $7 billion is attributed to subscription fraud and account takeover. As many services now employ the smart phone as a contact point for verification, such as a One Time Passcode via SMS. The consumer’s mobile account has become fundamental as part of an authentication trail in many services such as banking.

Account Takeovers 40

Account Takeovers Verification Data Breach Bots 40

FICO

JUNE 20, 2019

Of this, over $7 billion is attributed to subscription fraud and account takeover. As many services now employ the smart phone as a contact point for verification, such as a One Time Passcode via SMS. The consumer’s mobile account has become fundamental as part of an authentication trail in many services such as banking.

Account Takeovers 40

Account Takeovers Verification Data Breach Bots 40

FICO

DECEMBER 19, 2022

As customer interactions go completely online, digital identity verification and authentication help — but sophisticated authentication can’t stop all types of fraud. Digital identity authentication has become crucial when designing frictionless experiences for anything from real-time payments to simple account access. AND “Why?”.

Assessments 52

Assessments Scams Authentication Authorization 52

Seon

MAY 8, 2024

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.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

PYMNTS

MAY 24, 2017

In a recent interview with PYMNTS, McDowell said that the best way to protect against global attacks like WannaCry — or even small-scale breaches — is to stop them before they happen, by replacing authentication details that can be stolen or compromised by human error with credentials that cannot. No Password, No Cry? . McDowell explained.

Authentication 40

Authentication Credential Ransomware Phishing 40

FICO

JULY 28, 2021

An ACH prenote — a $0 transaction sent to the FI specified by the end user, to verify that the routing and account numbers work. If the transaction arrives, it qualifies as a status check for that account. Use a verification database to validate the account. Trial and micro deposits of just a few cents.

NACHA 52

NACHA ACH Scams Account Validation 52

PYMNTS

JULY 23, 2019

The identify verification that happens before accounts are opened are where governments and regulatory bodies very much tell you to do things in a certain way,” Boku CEO Jon Prideaux told Karen Webster in a recent conversation. It’s also the most highly regulated part of any financial transaction.

Authentication 40

Authentication Privacy Credential Compliance 40

The Fintech Times

AUGUST 13, 2024

Brazil and Mexico were the most affected, recording millions of phishing attempts aimed at stealing financial data and credentials. Behavioural biometrics Other key AI-powered fraud prevention approaches gaining traction in the region include behavioural biometrics to detect account takeovers.

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

Seon

JULY 10, 2024

It ensures smooth processing and compliance for legitimate payments, primarily verifying transaction details, validating customer credentials, screening against sanctions and watchlists, and ensuring compliance with regulations. The focus for payment transaction monitoring is slightly adjacent. Fraud transaction monitoring’s scope is narrow.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

Seon

JUNE 24, 2024

Still, the pursuit can be defined as endeavors that ensure secure and reliable digital identity management, including preventing unauthorized access to sensitive information, such as login credentials, PII and financial information. The following details a five-step process.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Seon

JUNE 21, 2023

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.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52