Case Study: Fraud.net Reduces Account Takeovers by 90% for Tinka
Fraud.net
JULY 29, 2024
Learn how Fraud.net's award-winning platform helped a BNPL payment processor reduce account takeovers, first payment defaults, and fraud.
What Is Account Takeover Fraud (ATO)? Detection & Prevention
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?
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Account Takeover Protection: Effective Strategies & Best Practices
Fraud.net
DECEMBER 1, 2023
Modern account takeover protection requires implementing machine learning, geolocation, and anomaly detection to spot and prevent ATO fraud.
The Rising Fever of Account Takeover Fraud
PYMNTS
OCTOBER 23, 2017
Security, Ersell said, is an old business, and it’s still ruled by the same love triangle of warring priorities: security, convenience and resources. Ersell’s organization specializes in credit card and eCommerce fraud (including account takeover), which calls for different skills and strategies than, say, hacking into merchants’ websites.
Report: Fraudsters Have Modified Approaches In Wake Of eCommerce Boom
PYMNTS
DECEMBER 18, 2020
Cybercriminals are well aware that merchants are setting higher thresholds for blocking transactions, which is a major flaw of rules-based fraud prevention strategies.”. He said rules-based systems often fail to find high-dollar fraudulent transactions, but do often block legitimate transactions along the way.
Lynx fraud prevention wins top spot at FSTech Awards
The Payments Association
MAY 21, 2025
Organised crime groups target FIs and their customers, adapting attack methods across payment channels to bypass fraud detection systems, with authorised push payment fraud (APPF), account takeover (ATO) fraud, and AI-enabled deep fake scams. trillion in illicit funds flowing through the global financial system. The results are clear.
Why Using Rules Of Thumb To Predict Fraud Is A Fail
PYMNTS
OCTOBER 24, 2018
Rules of thumb are useful — until they aren’t. When it comes to deploying corporate resources in the battle against online fraud and account takeovers (ATOs), all too often, guiding principles fail to spot what’s really happening to a business in real time. Thumbs Down On Rules Of Thumb? The Big Disconnect.
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Trusted devices and silent signals could help FIs improve fraud protection
Finextra
JULY 1, 2025
And, as victims of Account Takeover (ATO) fraud continue to grow, the challenge is no longer just about preventing fraud, its about restoring customer confidence in a digital landscape where trust has become the most valuable currency. Customers experience the advanced security measures as a seamless, almost invisible process.
What are Velocity Checks?
Fi911
DECEMBER 3, 2024
The underlying technology of velocity checks uses an algorithm that juxtaposes historical user data with present transactional data under a predefined set of rules. Should a user conduct a series of transactions inconsistent with their historical data, these transactions are flagged for review.
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Account Takeover Fraud in Telecom – 4 Things to Watch
FICO
JULY 23, 2019
Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.
Account Takeover Fraud in Telecom – 4 Things to Watch
FICO
JULY 23, 2019
Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.
Account Takeover Fraud in Telecom – 4 Things to Watch
FICO
JULY 23, 2019
Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.
Call Centers Batten Down The Account Takeover Hatches
PYMNTS
SEPTEMBER 29, 2017
Account takeover and the creation of false accounts, Webster and Brown agreed, will be the massive twin issue that financial services players will have to address rather quickly. What we can help with is fighting back the account takeovers and consumer hacks that are now going to be ongoing.”.
New Report: Why FIs Are Taking A Behind-The-Scenes Approach To Fighting Fraud
PYMNTS
JULY 9, 2020
Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. The July FI Fraud Decisioning Playbook examines how FIs are working to better detect and defend against ATOs.
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Securing The New Commerce Normal
PYMNTS
APRIL 13, 2020
That snapshot can very accurately identify unique customers from speculators who keep coming back — which is critical to helping eCommerce providers to implement rules and restrict purchases so they don’t run out of stock and they can actually help their actual customers instead of speculators who want to gouge them.”.
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Antom Receives SOC 2 Type II Certification as It Enhances Unified Merchant Payment Services
Fintech Finance
MARCH 3, 2025
Built-in fraud protection prevents e-wallet account takeover risks. Intuitive risk management platform empowers merchants to design, test and deploy customized fraud prevention rules. Multi-Party Computation (MPC)-based AI risk management and mobile device security system ensure every transaction is secure.
How Financial Institutions Can Combat Business Email Compromise (BEC)
Fi911
JUNE 9, 2025
Rules should flag emails with slight domain variations, urgent payment requests, or changes to banking details. Sandboxing suspicious attachments prevents malware that could enable account takeovers. Multi-factor authentication protects against credential compromise but must extend beyond employee accounts.
Pay with TRIO: The E-Commerce Breakthrough with Stablecoins.
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. We use cookies to help us to deliver our services. Please read our Privacy Policy.
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ComplyTek Introduces Advanced Transaction Screening for Instant Payments
Fintech Finance
AUGUST 2, 2024
The solution integrates seamlessly with financial systems, providing real-time alerts, customizable rule engines, and robust data management for effective transaction validation and risk management. Pre-Payment Security : Device fingerprinting, biometric authentication, and real-time monitoring to prevent identity fraud and account takeover.
The platform risk paradox: Managing digital commerce fraud at scale
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 Traditional attack vectors continue to evolve alongside these new threats.
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Pay with TRIO: The E-Commerce Breakthrough.
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. We use cookies to help us to deliver our services. Please read our Privacy Policy.
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What are Visa Chargeback Reason Codes?
Fi911
JULY 19, 2024
It includes fraudulent transactions, account takeover, and identity theft. It includes fraudulent transactions, account takeover, and identity theft. This can include invalid or missing authorization, non-compliance with processing rules, and delayed or erroneous authorizations. Incorrect Account Number 12.5:
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SpyCloud On Making Payments Smarter And Safer
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.
When Fraud Risk Is Credit Risk In Disguise
PYMNTS
JANUARY 24, 2019
In many cases, Yu told Webster, the fraud situation is “much worse than before,” especially when it comes to ID theft and account takeovers. After the card [issued establishes] baselines to prevent account takeovers, that’s actually easier” than preventing fraud during the application phase, Yu said. Fraud Getting Worse.
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Detecting And Preventing Cyberfraud Amid Large Transaction Volumes
PYMNTS
NOVEMBER 17, 2020
During this hectic time of year, merchants are particularly vulnerable to promotion abuse, account takeover and transaction fraud. Merchants can further up their game by tapping into advanced fraud tools that enable [them] to investigate suspicious activity, create custom rules using complex logic and pass custom fields.”.
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Deep Dive: Fighting Fraud With AI And Machine Learning
PYMNTS
SEPTEMBER 24, 2018
There is seemingly no rule, rhyme or reason as to when a cyberattack will strike, or whom or what it will target, which can be particularly frightening. Fraudsters also use customers’ or executives’ lack of knowledge about security protocols to their advantage, and that’s where account takeovers come in.
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Fighting Fraudsters At The FI/Customer Journey Starting Line
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. Proactive Fraud Prevention. Such transparency can foster brand loyalty, Kraus noted.
How ?Adaptive? Decisioning Helps Issuers Stop Treating ?Good? Customers Like Fraudsters
PYMNTS
MAY 20, 2020
As bad guys wrangle account details, cobble together synthetic identities and conduct account takeover attacks with ferocity, the old rules-based systems, password challenges and other lines of defense provide only part of the picture as to whether “good” customers are buying or “bad” actors are, well, getting away with it.
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Deep Dive: How Digital ID Verification Helps Build Trust in Carsharing and Housesharing Platforms
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.
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Deep Dive: Unsupervised Machine Learning Steps Up To Fight Fraud
PYMNTS
OCTOBER 3, 2019
Account takeover (ATO) fraud proved to be particularly effective, causing $4 billion in losses. Another potential benefit is association rules , which not only understand commonalities among uncategorized data but also find commonalities outside the data parameters. Fraud losses hit $14.7
Riding The US Fraud Escalator In 2017 — Up
PYMNTS
JANUARY 10, 2017
There are many other firms that do not count chargebacks as their main problems with fraud, instead, he noted, working against account takeovers. Think of email spam filters of old that were rules-based, he said, and inefficient, as those rules were rigid, poised to capture, for example, emails with the word “Viagra” in them.
Digital Fraudsters Treat COVID As An Opportunity
PYMNTS
APRIL 24, 2020
Incidences of account takeover (ATO) were up 347 percent and shipping fraud skyrocketed 391 percent, respectively, from 2018 to 2019, before anyone except virologists had ever heard of COVID-19. But isn’t it just like hackers to exploit a terrible situation?
The Power of Digital Identity: Key to Remaining Competitive in Financial Services
The Fintech Times
FEBRUARY 26, 2024
This is a new battleground with different rules of engagement. Research shows that the top six challenger and neobanks accounted for approximately 24 per cent of the global banking market in 2022, with forecast CAGR of 28 per cent through 2028.
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Socure Acquires Real-Time Risk Decisioning Company Effectiv for $136 Million
Finovate
OCTOBER 24, 2024
Socure will use Effectiv to create complex, combinatorial rules that apply not only to its own solutions but also to those from third parties. Using Effectiv’s technology, firms can combat identity theft, account takeover, scams, and real-time payment fraud.
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Unit21 Brings New ACH Fraud Prevention Measures to FIs, Payments Companies and Fintechs Using AI
Fintech Finance
AUGUST 19, 2024
Unit21’s new ACH fraud solution proactively stops risky ACH transactions such as first-party fraud, account takeovers and scams by predicting fraudulent activity using four key features: ACH Risk Scoring – Unit21 deploys an ML model for FIs and fintechs that can flag R10s.
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Supply Chain Tech, ATOs, Stimulus Checks Top This Week’s News
PYMNTS
JULY 10, 2020
We have deep dives into global fruit supply chain technology, account takeovers (ATOs), and news on stimulus checks. PYMNTS explores how the industry’s specific payment requirements necessitate the use of business management as well as accounts payable (AP) software designed for the space. Mitch McConnell , the U.S.
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Today In Payments: Adevinta To Buy eBay’s Classifieds Unit; Panel To Review UK’s FinTech Sector
PYMNTS
JULY 21, 2020
In the latest Merchants Guide To Navigating Global Payment Regulations, Arregui discusses how merchants can best adjust to open banking rules and tailor their offerings to meet the needs of a mobile-first, unbanked customer base. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers.
How PSD2 And Open Banking Impact Security
PYMNTS
OCTOBER 29, 2018
These pieces of legislation introduced new rules about how companies and entities address issues of accountability, documentation, privacy reviews and design, and also impose high fines for non-compliance. Digital fraudsters could target data as it’s being transmitted by APIs.
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With $640M Deal, Equifax 'Kounts' The Ways To Combat Online Fraud
PYMNTS
JANUARY 11, 2021
The great digital shift – and the rising tide of eCommerce – has placed greater pressure on companies to verify their customers and guard against account takeovers. In terms of mechanics, management said that retailers would work with Kount to develop specific transaction rules tied to their businesses.
Worldpay On Staying One Step Ahead of eCommerce Fraud
PYMNTS
JANUARY 24, 2020
Knowledge-based authentication (KBA) measures such as security questions are not enough as synthetic IDs and account takeovers (ATOs) can often evade issuers’ defenses, Fox said. More flexible, insightful approaches are needed to round out defenses.
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What Are the Risks of Business Email Compromise & How Can You Prevent Them?
Seon
JUNE 15, 2023
A BEC attack is when a fraudster gains unauthorized access to a business’s account. The most damaging form of BEC is account takeover (ATO) attacks. Ask an Expert CEO Fraud CEO fraud is a catch-all term for the exploitation of the account of a high-ranking organizational official, such as a CEO or an investor.
How to Fight Telecommunications Subscription Fraud
FICO
JULY 30, 2019
Early telecom fraud warning alerts have traditionally been deployed by rules-based systems, which are effective to a point. However, with the ever-changing nature of fraud, dependency on rules introduces a latency in deployment, and it can be difficult to manage rulesets that may quickly become obsolete.
Sizzle Or Fizzle: Restaurants Rule, FireEye Flounders And Lending Club Is Back On The List
PYMNTS
AUGUST 12, 2016
Too bad, said Apple, who yesterday fired back with an assertion that providing access to the NFC antenna would “fundamentally diminish the high level of security that Apple maintains on its devices,” turning a blind eye just for the moment to the account takeover issues that have plagued Apple since launch.
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Helping APAC Merchants Manage The Risk And Reward Of Mobile Wallet Acceptance
PYMNTS
SEPTEMBER 24, 2020
Those lines of defense can indeed be effective, said Donlea, “as long as details in that consumer's account have not already been changed through an account takeover.”. Traditional wallets in the APAC region market have relied on two-factor authentication or one-time passwords.
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