PYMNTS

MARCH 6, 2020

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. . Hackers may try to use brute force to beat authentication measures, automatically plugging different credentials into logins until they are granted access.

API 52

API Authentication Security Payment APIs and Integration 52

PYMNTS

OCTOBER 3, 2016

Due to this, both consumers and businesses have to work off the assumption that online identities are already in the hands of cybercriminals and these identities being channeled through compromised computers and bots.

Cross-Border 76

Cross-Border Authentication Fraud Prevention Bots 76

PYMNTS

JUNE 26, 2018

Furthermore, the company said that bots are being used to abuse stolen credentials. Account takeovers have the double-barreled effect of being easier to complete successfully — for the bad guys — and are harder to head off (by the good guys). The data stems from 112 billion bit requests and 3.9

Account Takeovers 46

Account Takeovers Faster Payments Breach Credit Cards 46

FICO

JANUARY 10, 2023

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. The Rise of the Bots. We heard how some customers had found that bots were being used to gain data, for example attempts to make a payment to a charity website were in fact criminals testing card details to uncover the right 3 digits for the CVV.

Scams 52

Scams Posting Push-to-Card Compromise 52

Finextra

JULY 7, 2025

In mid-2024, the company announced that this AI approach doubled the detection rate for compromised cards before fraud occurs. By analyzing network patterns and using GenAI to identify subtle signals of card-testing or enumeration attacks, Mastercard’s AI flags at-risk card credentials much earlier.

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Seon

JUNE 21, 2023

Multi-use VCCs : With low-friction onboarding, fraudsters may use bots to try and generate cards en masse. If one of these accounts gets hacked, it can lead to more accounts being compromised, particularly if your security settings are low and you aren’t using a variety of username/password combinations.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

PYMNTS

MAY 27, 2016

We don’t like that bots are sizzling, mind you, but they are, unfortunately, on fire. First it was one, then two and now it’s said to be 12 banks that have potentially been compromised using SWIFT communication protocols. Her proposed course of action is likely to deliver anything but more uncertainty.

SWIFT 43

SWIFT Bitcoin Online and Mobile Banking ATM 43

FICO

JANUARY 19, 2022

By using bots to create digital art and ascribing them to a fake identity that hides behind a nickname, you can achieve nearly peak anonymity. This includes phishing of personal and account-level information as well as compromising the PAN / CVV for use in a fast-following fraud attack. Special Tools to Combat Credit Card Fraud.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

APRIL 24, 2018

When someone becomes a victim of ATO, they lose more than money and login credentials — they lose confidence. First, these attacks can have a rolling effect: Once a fraudster gains access to a consumer’s credentials at one eCommerce merchant, he holds the key to a potential myriad of other digital stores at which to exploit them.

Breach 50

Breach Bots Credential Data Breach 50