Clearly Payments

AUGUST 6, 2025

Fraud Type Definition 2024 Incidents / Share New Account (Application) Fraud Criminals use stolen identities or synthetic identities to open new cards. 406,110 reports, representing 90% of all credit card fraud cases Existing Account Fraud Unauthorized use of a valid card/account (e.g.,

Credit Cards

The Fintech Times

FEBRUARY 3, 2025

Account takeover scams saw a dramatic increase of 250 per cent last year. In 2025, businesses should embrace the mentality to think like a hacker, to combat new cyber threats, said Chris Borkenhagen , chief digital officer/information security officer at AuthenticID.

Deepfake

Clearly Payments

AUGUST 8, 2025

Rising impact on merchants Synthetic Identity Fraud Fraudsters blend real and fake personal data to open accounts. It bypasses physical card security and is often executed using stolen data purchased on the dark web. Use multi-layered fraud detection, 3D Secure, and regularly update security protocols.

Credit Cards

Fi911

JUNE 9, 2025

Financial institutions must balance security with operational needs, particularly for third-party senders like marketing agencies or software vendors. Sandboxing suspicious attachments prevents malware that could enable account takeovers. Secure communication channels reduce exposure.

Email Compromise

Fintech News

JUNE 17, 2025

This allows companies to detect threats such as bot activity, account takeovers, and multi-accounting without relying on personal data or interrupting user experiences. The enhanced solution analyses technical parameters such as browser type, operating system, and the use of VPNs or remote access tools.

Fraud Prevention

Finextra

JULY 10, 2025

Authentication Problems Security protocols such as 3D Secure require customers to complete additional verification steps during checkout. Over time, they become more accurate at distinguishing legitimate from fraudulent transactions, significantly reducing false positives while securing your store. Use 3D Secure 2.0

Transactions

BioCatch

JULY 24, 2025

In a groundbreaking move that is poised to reshape global standards for digital security, the Central Bank of the United Arab Emirates (CBUAE) has issued a sweeping mandate that requires financial institutions to phase out the use of SMS and email-based One-Time Passwords (OTPs) for authentication.

Authentication

Finextra

JULY 13, 2025

dollar—are rapidly reshaping the global remittance landscape. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

Stablecoins

The Fintech Times

JULY 10, 2025

Consumers want online payments to be fast, easy and secure. But the current online payments experience is often encumbered by clunky checkouts, inconsistent security and rising fraud, leaving shoppers and merchants wary and frustrated. One of the schemes told me you couldn’t secure an off-the-shelf phone to that level.

Online and Mobile Banking

The Payments Association

JUNE 11, 2025

Rising fraud, complex regulations, and evolving threats are straining platforms’ ability to grow securely. To stay secure, they must enforce controls that inevitably introduce delay and complexity. How digital commerce platforms manage escalating fraud risks while scaling operations. Why is it important? What’s next?

Risk

Fintech Finance

FEBRUARY 4, 2025

Over this period, Ravelin has established itself as a market leader in identifying payment fraud, account takeover, return & refund abuse, promotion & voucher abuse and marketplace fraud, and performing 3D Secure authentication.

Fraud Prevention

Fintech News

JULY 29, 2025

The Account Takeover Problem Account takeover (ATO) fraud remains a dominant threat. In 2024, Bank Negara Malaysia reported that there was a 52% decline in fraudulent unauthorised transactions that involved malware and phishing, the exact types of fraud that the security measures were designed to stop. of cases.

APACS

Finextra

JULY 14, 2025

About half of all federal checks by volume are for IRS tax refunds, with the rest primarily used for federal benefit payments such as Social Security and income support programs. payments landscape. Federal paper check usage remains concentrated in a few key areas.

ACH

Fintech Finance

MARCH 3, 2025

Antom , a leading unified merchant payment services provider under Ant International, has received Service Organization Control (SOC) 2 Type II certification, a globally recognised benchmark for data security and privacy protection. Built-in fraud protection prevents e-wallet account takeover risks.

Fraud Prevention

The Payments Association

JULY 15, 2025

John Hamilton Co-founder, ChargebackStop "As deepfakes, evolving regulations, and cloud-native security converge, digital businesses must rethink risk with zero-trust frameworks, real-time threat intelligence, and strong AI governance. Commercial customer onboarding requirements conflict with security measures.

Financial Crimes

M2P Fintech

MARCH 24, 2025

Future technological advancements, including blockchain for secure transactions, machine learning for personalized offers, and peer-to-peer lending platforms , promise to further enhance the digital lending landscape. This future means faster, more personalized, and secure lending experiences. With the market projected to soar to $ 71.8

Payment APIs and Integration

Finextra

JULY 24, 2025

The data is converted into a mathematical template stored in the Secure Enclave, Apples secure chip. The data is also stored in the Secure Enclave as an encrypted template 19. For maximum security, experts recommend combining biometrics with two-factor authentication or complex passwords.

Payment APIs and Integration

Finextra

JUNE 26, 2025

This structural difference makes Card-Not-Present (CNP) fraud a dominant concern, accounting for a substantial portion of all card fraud, exemplified by its 85.3% Businesses must therefore recognize that investments in robust security are fundamental to preserving their market standing and consumer relationships. share in the UK.

Stablecoins

Finovate

FEBRUARY 10, 2025

Feedzai’s Digital Trust is effective against account takeover (ATO) attacks as well as new account fraud attempts during onboarding. It combines behavioral biometrics, behavioral analytics, advanced malware detection, and network and device assessment to provide active and preemptive defense against threats.

Financial Crimes

The Fintech Times

JUNE 9, 2025

The findings come from a new identity fraud report from digital identity and fraud prevention solution provider Signicat and cybersecurity training firm Red Goat Cyber Security. The costliest methods of attack, however, are account takeover and social engineering attacks. However, this confidence may be misplaced.

Account Takeovers

The Fintech Times

MARCH 30, 2025

Others in the class offer AI- and machine learning-enhanced technology modernisation strategies, along with risk, compliance, and security solutions. IronVest (New York) a cross-channel fraud prevention platform that fuses user identity with intent to eliminate account takeovers, scams, first-party fraud, and onboarding threats.

Innovation

Finextra

JULY 13, 2025

It expresses the views and opinions of the author.

Payment APIs and Integration

Finextra

JUNE 26, 2025

This structural difference makes Card-Not-Present (CNP) fraud a dominant concern, accounting for a substantial portion of all card fraud, exemplified by its 85.3% Businesses must therefore recognize that investments in robust security are fundamental to preserving their market standing and consumer relationships. share in the UK.

Stablecoins

Finovate

APRIL 15, 2025

Features Seamless Integration: Embeds banking into apps with SDKs Enhanced Security: Biometric authentication, KYC, and transfer lock Uninterrupted Service: Break-glass failover ensures continuous banking Who’s it for? Credit unions, community banks, and regional banks.

Credit Union

Fintech Finance

OCTOBER 22, 2024

A banking loophole leaving account holders vulnerable to fraud can be closed by a groundbreaking development merging open banking with Direct Debit sign up. The highest profile victim of an account takeover was Jeremy Clarkson, who posted his bank details in The Sun newspaper, taunting would-be thieves to try and take his money.

Account Takeovers

Payments Source

APRIL 14, 2020

With the increase in online activity because of COVID-19, tracking down and investigating red flags might be more difficult given the volume of transactions on existing accounts, unless strict authentication measures are applied, says Giact's David Barnhardt.

Account Takeovers

Payments Source

MARCH 17, 2020

Digital fraud protection provider Kount has launched a security layer designed to prevent account takeover.

Account Takeovers

The Payments Association

AUGUST 7, 2024

Entersekt was recognised as a Leading Vendor, and highest rated Authentication-Focused Vendor, in the July 2024 Liminal Link Index for Account Takeover (ATO) Prevention in Banking report.

Account Takeovers

PYMNTS

OCTOBER 13, 2020

AI-powered digital solutions provider Jumio recently unveiled a platform solution intended to help eTailers with such security work. The offering supports merchants’ onboarding and verifying new users as well as securing their accounts. Zulily On Fighting Fraud And Cart Abandonment With Digital ID Verification.

Account Takeovers

PYMNTS

APRIL 13, 2020

For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security. An awful lot of other things have changed all around that core, however.

Security

FICO

MARCH 22, 2022

Account takeover fraud (ATO) occurs when an unauthorized person takes control of an account. The fraudster takes steps to actively control the account, for example by applying for a new card or changing the account contact information or password. What Do Fraudsters Do with Accounts They Have Taken Over?

Account Takeovers

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?

Account Takeovers

Payments Source

AUGUST 1, 2019

Most cloud storage systems have gaps that open the door to account takeover, API attacks and other threats, argues Pravin Kothari, founder and CEO of CipherCloud.

Account Takeovers

Fraud.net

DECEMBER 1, 2023

Modern account takeover protection requires implementing machine learning, geolocation, and anomaly detection to spot and prevent ATO fraud.

Account Takeovers

PYMNTS

MARCH 17, 2020

With a new solution announced Tuesday (March 17), identity trust and digital fraud protection firm Kount seeks to help people avoid the pitfalls and annoyances of account takeover fraud.

Account Takeovers

Payments Source

APRIL 17, 2018

ATMs require dual-factor authentication in the form of a physical card and a PIN, and this same concept should be extended to phone transactions, writes Patrick Cox, CEO of TRUSTID.

Account Takeovers

Payments Source

APRIL 4, 2018

The one thing more valuable to consumers than their bank accounts might be their internet access — and a new version of the ‘Trickbot’ trojan targets both.

Account Takeovers