PYMNTS

JUNE 22, 2020

Consider the fact that, as estimated by Javelin Strategy and Research, the combined estimated losses of new account fraud and account takeover in the U.S. database that includes virtually all new (and past) card applications from Visa issuers. alone topped $10.2 billion last year. Barrett explained.

Identity Theft 77

Identity Theft Database Account Takeovers Issuers 77

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. One victim did not even have a Chipotle account, but had used the QSR’s guest checkout option.

Account Takeovers 66

Account Takeovers Online and Mobile Banking Data Breach Credit Cards 66

PYMNTS

FEBRUARY 18, 2020

This opens the door to new avenues of attack by those who wish to steal data, hijack accounts and make off with ill-gotten gains, as Eric Kraus, vice president of risk, fraud and compliance at FIS , told PYMNTS in a recent interview.

Account Takeovers 66

Account Takeovers Fraud Prevention Online and Mobile Banking P2P 66

PYMNTS

FEBRUARY 26, 2020

When you’re looking at account takeovers, for example, it’s predominantly automated bot attacks that have an identifiable signature,” Curt Garner , Chipotle’s chief technical officer, explained in an interview with PYMNTS. Mexican QSR Chipotle is another mobile order-ahead player leveraging AI for security.

Credential 56

Credential AI Account Takeovers Fraud Detection 56

PYMNTS

JULY 21, 2020

This month’s Deep Dive examines the ways that bad actors try to exploit P2P payment app users via scams and account takeovers (ATOs). Fraudsters that have gained control over a legitimate account can then easily steal victims’ money, and P2P payment platforms must therefore stand on guard. Fraudulent Sellers.

P2P 60

P2P Scams Security Account Takeovers 60

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. . It turns to a KYC aggregator to help verify customers’ data by pulling credentials from several different databases. Key Issues.

Money Laundering 43

Money Laundering SWIFT Security Account Takeovers 43

Fintech Finance

FEBRUARY 29, 2024

Socure’s AI-powered platform uses predictive analytics and a database of over two billion identities to provide industry-leading accuracy for KYC/CIP compliance, fraud detection and ID verification through its fully integrated suite. Trustly, with direct banking integrations, provides instant Open Banking payments with transaction guarantees.

Fraud Prevention 52

Fraud Prevention Process Online and Mobile Banking FinTech 52

PYMNTS

JANUARY 9, 2019

Account takeover attacks, social engineering tactics and payments fraud all threaten businesses as attackers go after the high-value transactions typical of corporate finance, BioCatch explained in a blog post last week. The treasury department is an increasingly attractive target to cyber fraudsters. The tactic is relatively simple.

Faster Payments 56

Faster Payments Business Email Compromise Treasury Real Time Payments 56

FICO

JUNE 8, 2020

We have seen an increasing amount of businesses, industries and government databases breached, with numbers often in the millions and sometimes hundreds of millions of records. Today, many institutions manage risk in silos, where authentication decisions are made independent of account maintenance or transaction-level monitoring.

Compromise 52

Compromise Financial Crimes Breach Credential 52

PYMNTS

APRIL 14, 2017

For example, some fake accounts perform normal user activities such as logging in, updating a profile, following other users, etc., This technique of aging fake accounts can make the malicious accounts appear very similar to other users and evade detection. Another dangerous attack is account takeover (ATO).

Account Takeovers 44

Account Takeovers Online and Mobile Banking Credential Compromise 44

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

JANUARY 30, 2018

In an illustration, Taussig said that someone involved in an account takeover may be on a device that clearly is recognized as belonging to a fraudster. The customer – in this case, the bank – will want to know that this identity has been compromised and may represent a high-risk transaction. . “We

Non-Bank 43

Non-Bank Database Compromise Account Takeovers 43

Accertify

OCTOBER 4, 2023

PayNearMe and Accertify can now empower our operators to proactively ensure their players are who they say they are, via intelligent access to Accertify’s community database which already protects many of the largest operators in the iGaming space,” said John Minor, Chief Product Officer, PayNearMe.

Fraud Prevention 40

Fraud Prevention Account Takeovers Payment Gateways Database 40

FICO

FEBRUARY 9, 2021

What is important in this case is that whilst financial data may not have been the target, the wider personal data set allows the fraudster to better perpetrate an account takeover, scam or ID theft. And if you spot what looks like a scam, report it to the Government databases that track and take down illegal websites.

Scams 52

Scams Tax Scams Account Takeovers Breach 52

PYMNTS

MARCH 30, 2018

Texas’ SpyCloud delivers protection against account takeover for its corporate clients. A $5 million Series A funding round from Silverton Partners and March Capital Partners will help the company focus on product development, conduct broader security research and expand its asset database and team.

B2B 46

B2B Payment APIs and Integration Cybersecurity Participant 46

Seon

MAY 28, 2024

This approach unites fraud prevention with AML screening, including players’ names against 250+ lists, including PEP & RCA, FBI’s Criminal and Fugitive lists, and other authoritative crime, sanctions, watch and blacklist databases.

Security 52

Security Bots Fraud Prevention AML 52

PYMNTS

SEPTEMBER 28, 2017

All too often, Barnhardt said, companies confuse “true name” fraud – account takeovers – with synthetic identity fraud. Among newer initiatives is facial recognition , whereby photos are matched against databases to ascertain identity. Predictability breeds familiarity, and familiarity breeds breaches, losses or both.

Enrollments 43

Enrollments Breach Fraud Detection Social Security 43

PYMNTS

NOVEMBER 1, 2017

Those tokenized card credentials are essentially unusable if stolen, lessening the chances that card credentials can be fraudulently used should a retailer’s database be hacked, Banga said. Mastercard noted that Netflix is the first company to have signed on to use its service. “Safety and security is a key priority.”

Push-to-Card 45

Push-to-Card Visa Same Day ACH Volume 45

PYMNTS

NOVEMBER 11, 2019

The former refers to information kept in businesses’ databases that has readily discernible meaning. Comprehending how data lakes function requires understanding how the data stored in them works. Data falls into two categories: structured and unstructured.

AI 46

AI Compromise Breach Assessments 46

Fintech Labs Insights

AUGUST 16, 2016

Aerospike uses a distributed, key-value database designed for Flash to help organizations make decisions in real-time. Apex Clearing’s suite of APIs facilitates real-time onboarding, account management, and cash management for broker dealers and registered investment advisors.

Payment APIs and Integration 14

Payment APIs and Integration Online and Mobile Banking API Database 14

Fintech Labs Insights

AUGUST 22, 2024

Spycloud : Raised $169M, cybersecurity firm focusing on preventing account takeovers, broadened offerings. TipRanks: Financial analytics platform providing transparency to individual investors, expanded database and features.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15