PYMNTS

DECEMBER 2, 2019

Insidious shopping bots infiltrate eCommerce sites year-round, but the holiday season brings them out in droves, with 20 bots for every one human, NBC reported on Saturday (Nov. The bots are “largely operated by organized gangs of cybercriminals,” noted the report.

Bots

PYMNTS

JANUARY 27, 2021

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. The Fraud Threats Facing Digital-First Banks.

Innovation

Finovate

AUGUST 14, 2024

The technology matches incoming selfies with previously verified ID headshots, and features a true match rate of 99.9%. Built on the company’s Document Verification (DocV) solution, Selfie Reverification also detects signs of deepfaking, and readily identifies age discrepancies between the photo and the credential.

Credential

PYMNTS

DECEMBER 1, 2017

To use Webster’s example, the phrase “double shot” could confuse a more generic AI, but a specifically tailored barista bot would know that the customer was trying to order two shots of espresso — not two shots of liquor and not a basketball arcade system for their man cave. Not every company needs to be at the “bleeding edge” of technology.

Bots

Fintech News

OCTOBER 28, 2024

The shortlisted teams, comprising fintech firms and solution providers from regions including Australia, India, the United States, and Kenya, have presented proposals utilising technologies like Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) to enhance financial well-being and resilience in today’s evolving economic landscape.

FinTech

PYMNTS

AUGUST 19, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of QSR rewards programs and how credential stuffing and account takeovers are plaguing the industry. When you’re looking at account takeovers, for example, it’s predominantly automated bot attacks that have an identifiable signature.

Account Takeovers

PYMNTS

NOVEMBER 26, 2019

Conexo Ventures and Inveready Technology Investment Group also participated. Their technology is designed to recognize illicit activity that comes from either human cybercriminals or bots. Buguroo said its technology can identify new types of malware on a web browser or mobile app.

Fraud Detection

Fintech Finance

MAY 22, 2024

. “While these scam centers will continue to drive the threat of human-initiated attacks, organizations cannot afford to be complacent about the growing sophistication of bots, which can display more human-like behavior to evade traditional prevention solutions. billion, human-initiated attacks surged by 40% in volume to 1.3

Account Takeovers

Fintech Labs Insights

DECEMBER 19, 2016

Web and mobile security company Akamai added to its expertise today after acquiring Cyberfend , a bot detection company. Akamai launched Bot Manager earlier this year to help thwart automated bots, which use stolen credentials to log into legitimate ecommerce and financial services websites. Dr. Tom Leighton is CEO.

Bots

PYMNTS

AUGUST 10, 2020

“Many fraudsters are attempting to skim advertising dollars by duplicating apps and restoring ads, while others are targeting rewards systems by using bots to give them unfair advantages in matches, providing phony GPS locations or changing game criteria,” states the Digital Identity Tracker®.

Credential

PYMNTS

MAY 28, 2020

Recently, the company debuted Kount Control Account Takeover (ATO) Protection, which the company says is the only technology to provide three layers of protection against bots, credential stuffing and complex ATO attacks.

Fraud Detection

PYMNTS

DECEMBER 19, 2019

In the third quarter of 2019 alone, mass “bot” attacks on FIs and card accounts rose by 70 percent year on year, indicating that fraud is getting, well, faster. The stakes are high, and tech is the weapon of choice in fraudsters’ ploys to gain access to sensitive data and drain accounts as they seek to exploit consumers’ trust in their CUs.

Credit Union

PYMNTS

MARCH 17, 2020

That includes everything from bots, credential stuffing and malicious, intentional human hacking activity. CEO Brad Wiskirchen said the fact that account takeover fraud has shot up 78 percent in the last several years has outlined the need for such technology.

Account Takeovers

PYMNTS

JUNE 12, 2019

Compromised credentials are one of the most common causes of security breaches. This technology can be used to verify your sign-in to Google and Google Cloud services on Bluetooth-enabled Chrome OS, macOS, and Windows 10 devices. Since the introduction of 2SV, Google said, 100,00 users are using their Android devices as a security key.

Authentication

PYMNTS

FEBRUARY 13, 2020

Card issuers are fielding new technologies and utilizing next-gen identity verification technology to expose the fakers and make social media — and the wider digital domain — safe for kitten vids and funny memes again. Private industry and government agencies have had enough, and they’re mobilizing. Making Social Safe Again.

Verification

PYMNTS

APRIL 18, 2017

Chatbots launched with a good deal of fanfare in early 2016 — only to seem much of the early enthusiasm for the product diminished when consumers and merchants alike learned that bots were often a better idea in concept than in execution. Still, a tall order, Anderson conceded, and early days for this technology, to be sure.

Bots

PYMNTS

MARCH 6, 2020

Businesses’ widespread API use makes the technology a lucrative target for cybercriminals, but firms cannot afford to miss out on their advantages and thus must effectively safeguard them. They also need to ensure that only authorized entities can access their APIs, as the technologies can provide data that fuels fraud. percent of U.S.

API

PYMNTS

SEPTEMBER 24, 2020

Singapore, Donlea added, has a forward-thinking government in place that is friendly toward commercially oriented technology and is eager to attract global investments (and has narrowed down finalists for five digital banking licenses).

APACS

Nanonets

AUGUST 20, 2023

Understanding Robotic Process Automation Robotic Process Automation, or RPA, is a technology that uses software robots, or bots, to automate repetitive tasks and processes. These bots mimic human actions by interacting with various systems and applications, such as data entry, screen scraping, and decision-making.

Bots

Fintech Finance

JANUARY 25, 2024

Now, instead of having to manually fill out details like login credentials, delivery details, loyalty accounts and payment preferences, retailers can enable shoppers to use their face and voice to pre-fill all the information necessary to complete a purchase on any shopping channel or in-store.

Alternative Payment Methods

PYMNTS

SEPTEMBER 21, 2018

At the same time, criminals engaged in fraud become ever-more sophisticated — trading information, strategies and tactics online, as well as striving to keep themselves at the cutting edge of new payments, ID and commerce technologies. Phillips said, “It’s easier to take over an account if you use credential-stuffing attacks with bots.”

Account Takeovers

Seon

MAY 8, 2024

Fueled by technology advancements and the widespread availability of affordable cloud computing, this evolution has democratized the ability to launch large-scale cyberattacks and fraud schemes, enabling virtually anyone to orchestrate them. This is where you can integrate residential proxy detection to bolster bot attack mitigation.

Online and Mobile Banking

PYMNTS

JUNE 26, 2018

Furthermore, the company said that bots are being used to abuse stolen credentials. In the survey, the company found that roughly 40 percent of the traffic across the industry’s sites (i.e., hotel and travel sites) are classified as “impersonators of known browsers,” which is a known fraud conduit, said Kaspersky.

Account Takeovers

CB Insights

JULY 20, 2017

These companies address fraud, network access privileges and the management of login credentials, and offer products and services related to authentication. Others companies in this subcategory include Zenedge , which offers a cloud-based, AI-driven Web Application Firewall (WAF), malicious bot detection, and DDoS cybersecurity solutions.

Cybersecurity

FICO

JUNE 20, 2019

The ‘want it now’ culture of today’s consumer means that the technologies we all love to use for their convenience make it easier for fraudsters to do what they do, e.g., bots designed to test login credentials or to generate customer orders using stolen or synthetic identities.

Account Takeovers

PYMNTS

JULY 1, 2016

I feel like there’s a gold mine of opportunities because so many services and information could be automated using AI, and bots are a perfect way to do that, and it’s disappointing at the moment that it’s mainly used for commerce transactions by ordering flowers and pizzas,” Browder said.

Consumer

Fintech Labs Insights

MAY 1, 2016

Cyberfend’s Bot Detection solution offers robust real-time security, for your web and mobile applications, from sophisticated attacks, fraudulent activity, stolen credential abuse and fake sign-ups with near-zero false positives. Register today. Presenter: Sreenath Kurupati, co-founder, CEO.

Bots

FICO

JUNE 20, 2019

The ‘want it now’ culture of today’s consumer means that the technologies we all love to use for their convenience make it easier for fraudsters to do what they do, e.g., bots designed to test login credentials or to generate customer orders using stolen or synthetic identities.

Account Takeovers

FICO

JUNE 20, 2019

The ‘want it now’ culture of today’s consumer means that the technologies we all love to use for their convenience make it easier for fraudsters to do what they do, e.g., bots designed to test login credentials or to generate customer orders using stolen or synthetic identities.

Account Takeovers

FICO

JANUARY 10, 2023

As criminals seek new paths to vulnerable customers and safeguards, fraud professionals are constantly alert to new patterns and always responding with new technology. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. The Rise of the Bots. These included: 1.

Scams

PYMNTS

MARCH 26, 2018

Payment is made using the payment credentials that consumers have stored with Google (courtesy of the Google Pay upgrades announced last month), including payments credentials stored at a merchant site via the Chrome browser. Alexa is also a mobile app on smartphones and wearables and much more than an artificial intelligence bot.

Online and Mobile Banking

Seon

JUNE 21, 2023

Multi-use VCCs : With low-friction onboarding, fraudsters may use bots to try and generate cards en masse. Ultimately, virtual credit cards are developing technologies that, while promising, still come with the disadvantages that exist within the card not present (CNP) ecosystem.

Credit Cards

Nanonets

MAY 22, 2023

Some apps may require an API key or other credentials. The answer bot learns from your website pages, Zendesk articles, and past zendesk ticket communications. Website and Zendesk Database Scanning : Allow approximately five minutes for the bot to scan your website pages and zendesk database. It listens for new Zendesk tickets.

Payment APIs and Integration

PYMNTS

MAY 27, 2016

We don’t like that bots are sizzling, mind you, but they are, unfortunately, on fire. The plan is an ambitious one where more than 40 percent of the firm’s ATMs are scheduled to be running with NFC technology by the end of the year. Her proposed course of action is likely to deliver anything but more uncertainty.

SWIFT

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. Banks can deploy additional sophisticated technology measures to reduce card fraud. Fraudsters can create months and years’ worth of identities that are completely made up.

Financial Crimes

The Fintech Times

JANUARY 24, 2024

Having explored the biggest AI trends , expert predictions on how AI will evolve, insight into how fintechs are utilising AI and how regulators are tackling the technology, what else is there that we need to know about AI that no one is talking about? To find out, we asked the experts. ” Is the data up to scratch?

AI

PYMNTS

APRIL 24, 2018

With the advent of technology and the prevalence of online shopping, the term eCommerce fraud has become more general and more vague. When someone becomes a victim of ATO, they lose more than money and login credentials — they lose confidence. Under it, there are numerous types of categories and attacks. Nipping Fraud in the Bud.

Breach