Remove Authentication Remove Bots Remove Credential
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New Skyfire Solution Enables AI Agents to Authenticate Themselves as Genuine Paying Customers

The Fintech Times

With the number of AI agents quickly growing, now generating over half of all online traffic, Skyfire has launched the Agent Checkout, to enable agents to authenticate themselves and ensure businesses can accept verified agents as genuine paying customers.

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Beyond KYC: How Technology is Transforming the Fraud Prevention Game

Fintech News

Criminals have become adept at forging documents, acquiring stolen credentials and creating synthetic identities that can easily pass basic KYC checks. By evaluating the authenticity and richness of these digital signals, organisations can build a more nuanced risk profile for each user before onboarding even begins.

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Deep Dive: How FIs Can Keep Their Digital-First Innovations Secure

PYMNTS

Banks have reported myriad fraud threats over the past year, including various forms of identity fraud and bot activity, and are working overtime to develop countermeasures. Bot activity is the third major threat banks faced in 2020. How Authentication Prevents Fraud.

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Deep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO Problem

PYMNTS

Bad actors attempting ATOs seek to gain control of victims’ bank accounts without alerting FIs, and they therefore aim to obtain the login credentials necessary to smoothly move through FIs’ authentication measures. This is a serious problem, as ATOs reportedly led to $4 billion worth of losses in 2018. Detecting And Thwarting Attacks.

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eCommerce Fraud Presents A $12 Billion Problem

PYMNTS

Here’s how it works: When a fraudster finds or steals user credentials, they enter the account, change their settings (like email and phone number) and lock out the user. They can also run automated tests of the same credentials against other sites. Next, the fraudster essentially takes over the account and purchases from the site.

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Deep Dive: Confronting APIs’ Authentication, DDoS Security Threats

PYMNTS

Oversight And Authentication. Companies that offer APIs must have authentication measures in place — such as those requiring legitimate users’ to present credentials, or “API keys” — before granting access to them. . IT managers and security specialist respondents said DDoS and bot attacks were their top API security worries.

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Apple Devices Can Now Use Google Two-Factor Authentication

PYMNTS

Compromised credentials are one of the most common causes of security breaches. The technology is FIDO2 compliant, which means that it’s a secure and accommodating standard that lets different devices using different operating systems talk to each other for authentication. “On