Remove Bots Remove Fraud Prevention Remove Phishing
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The growing threat of AI-enabled fraud

Neopay

Impersonation fraud: Voice cloning technology allows scammers to convincingly impersonate family members, colleagues, or business executives. Phishing attacks: AI-generated content enables fraudsters to create highly personalised and convincing phishing emails that bypass traditional detection methods.

AI 59
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Banking Bots: The Good, The Bad And The Ugly

PYMNTS

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. billion personal records exposed in a variety of ways: 52 percent through hacking; 33 percent via phishing; and 32 percent through social engineering, with many involving more than one method.

Bots 59
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How Axos Bank Uses Multilayered Filtering To Keep Bad Bots Out And Good Bots In

PYMNTS

Many cybercriminals rely on bots to conduct their schemes, leveraging automated data skimming programs that can overwhelm banks’ defenses through sheer volume. We like to think of [bots] like bacteria,” Raghu Valipireddy, senior vice president and chief information security officer at Axos Bank, told PYMNTS in a recent interview.

Bots 56
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Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge

PYMNTS

The prevalence of online commerce opens new doors for digital fraud, however, both from career fraudsters and opportunistic customers. Phishing scams were on the rise all year, while a survey of online shoppers found that 40.3 percent had falsely claimed a charge on their credit card was fraudulent to score a refund. About The Tracker.

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Shutting The Front Door On Online Fraudsters

PYMNTS

And that has made it more critical than ever for firms of all types and descriptions to think hard about taking a more balanced approach to fraud prevention — but think more holistically about the field they are protecting. If you look at the customer journey from end to end, the fraud starts not just around payments.

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Top 5 fraud trends affecting high-risk merchants in 2025

The Payments Association

These sophisticated attacks are designed to deceive even the most cautious businesses and consumers, from AI-generated phishing emails to deepfake videos and voice impersonations. Customisable Prevention Rules: Merchants can set specific rules to monitor subscription renewals and prevent chargebacks from unauthorised disputes.

Risk 88
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Digital Fraud Is An Inside Job

PYMNTS

Combatting aggressive online fraudsters calls for asymmetrical strategies that confound mal-bots with superhuman processing power. Email phishing scams seem so Y2K that it’s hard to believe how effective they are, even against corporations protected by fancy firewalls. Then multiply that by the 4.1 The figures are staggering.