PYMNTS

APRIL 15, 2020

What we see now is more scams, particularly those attacking the PII needed to facilitate these kinds of digital crimes,” Awad noted. At best, he said, these scams are looking to separate customers from some of their money — something few can afford these days. consumers, fraud losses are not, yet. million pounds out of the unwitting.

Online and Mobile Banking 80

Online and Mobile Banking Scams Bots Risk Management 80

PYMNTS

JANUARY 28, 2020

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.

Data Breach 57

Data Breach Phishing Breach Bots 57

PYMNTS

APRIL 9, 2020

Meanwhile, fraud continues to evolve; fraudsters have varied the program and brought bot armies, password spraying schemes, phishing scams and a host of other techniques to harvest good consumer information — and then leverage it to take over those consumer accounts. “If

Account Takeovers 94

Account Takeovers Fraud Prevention Push-to-Card Accounts 94

PYMNTS

AUGUST 8, 2018

Business Email Compromise scams continue to grow and steal more corporate money than ever before. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. ProofPoint’s report does not underestimate the strength of ransomware attacks via phishing.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

Stax

MARCH 4, 2024

Identifying and Mitigating Payment Security Threats Phishing scams, social engineering, bot attacks—these are just a few of the most pressing cybersecurity threats that can be so devastating they have real-time effects. Finally, train employees on security best practices and how to recognize phishing attempts and other frauds.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Trade Credit & Liquidity Management

APRIL 29, 2025

Rapha Wilde on Unsplash ) Amid the onslaught of highly concerning news headlines spotlighting how deepfake AI-generated photo and video scams are driving rampant misinformation and wreaking havoc across digital finance and FinTech at large, solutions are emerging to combat AI-driven misinformation and fraud before people fall victim to scams.

Deepfake 52

Deepfake Bots AI Scams 52

Seon

MAY 8, 2024

The rise of generative AI is a double-edged sword, yielding significant productivity benefits while empowering fraudsters to craft more intricate and convincing scams at unprecedented volumes and velocities. This is where you can integrate residential proxy detection to bolster bot attack mitigation.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

PYMNTS

DECEMBER 26, 2019

billion transactions found that between July and September 2019, about 20 percent of accounts opened were the result of massive bot attacks , not humans. The robot army marched on eCommerce, financial services, gaming and travel sites mostly — a 70 percent rise in bot-driven registrations in Q3 2019 alone. One analysis of more than 1.3

Fraud Detection 52

Fraud Detection Bots Law Enforcement FBI 52

PYMNTS

MAY 2, 2017

First, it was all about the bots on Messenger and AR/VR at F8. In other news of note from the Facebook space, it recently came to light that the social media giant, along with Google, were the heretofore unnamed victims of a combined $100 million phishing attack earlier this year. At the end of March , the U.S.

Business Email Compromise 43

Business Email Compromise Email Compromise Scams Phishing 43

FICO

JANUARY 19, 2022

Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. 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.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

NOVEMBER 27, 2019

Customers and retailers are not the only ones being targeted, either: Fraudsters are also using automated bots to trick advertisers into paying money for false marketing impressions. has recently experienced a rise in property scams in which thieves steal deeds and forge sales documents and notary stamps. The city of Philadelphia, Pa.,

Point-of-Sale (POS) 60

Point-of-Sale (POS) AI Card Issuer Credit Cards 60

Seon

JUNE 21, 2023

Like any online account, virtual credit card accounts, the mobile wallets they are kept in, and even the online bank accounts they may be connected to are vulnerable to account takeover (ATO) fraud , phishing, and more sophisticated attacks, such as man-in-the-middle attacks. How Can Virtual Credit Card Fraud Affect Your Business?

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

PYMNTS

JANUARY 3, 2020

And the devils we know – garden-variety credit and bank fraud , phishing and bot attacks, online identity scams and the rest – may feel more comfortable than the devils we don’t know. Risk vs. Reward. Instant money is shaking things up, which is to be expected.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60

PYMNTS

JUNE 16, 2020

Another type of restaurant-related social media scam involves fraudsters running fake restaurant accounts that promise to give away free food or store credit. This problem is set to grow even worse in the future, with researchers developing a bot that can churn out believable fake reviews with zero human input.

Venmo 61

Venmo Push-to-Card Duplicate Bots 61

CB Insights

JUNE 17, 2020

While the vast majority of retail and banking chatbots are customer-facing, JPMorgan has been pushing the boundaries of what bots can accomplish in its back-end operations. Phishing scams where attackers assume the identities of healthcare and other aid organizations to extract sensitive information have increased.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

Fintech News

MARCH 9, 2025

This collaboration addresses growing concerns about fraud and phishing scams in Singapore, where the Financial Industry Disputes Resolution Centre has reported a rise in related claims. This addresses risks including bot sign-ups and fraudulent activity.

Security 93

Security Fraud Detection Phishing Bots 93