Fintech Finance

FEBRUARY 20, 2025

In 2024, 87% of payments businesses reported a surge in online fraud, while the Global eCommerce Payments and Fraud Report identified loyalty fraud as one of the fastest-growing fraud types worldwide. Runa Assure safeguards the entire payouts journey so businesses can protect their recipients, revenue, and reputation.

PCI DSS 86

PCI DSS Security Payment APIs and Integration MFA 86

Fi911

JANUARY 18, 2024

They often accomplish this by obtaining the victim’s login credentials through phishing emails, malware, or other fraudulent means. Once inside the account, the fraudster may withdraw funds, change account information, or use it to perpetrate further fraud. Educating customers can empower them to be more vigilant.

Account Takeovers 105

Account Takeovers MFA Fraud Detection Credit Cards 105

Stax

MARCH 4, 2024

Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. Many people use MFA when making purchases through Apple Pay, for example, using Face ID or a passcode to complete a purchase. Fraud and chargebacks also cause significant losses for businesses.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

The Payments Association

OCTOBER 22, 2024

According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year. This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

Seon

JANUARY 29, 2024

There are many paths to successful ATO fraud. This could be accidental, or more sophisticated, for example following a mass phishing email campaign. To target these accounts, fraudsters often rely on spear-phishing techniques (targeted phishing), or SIM-Swapping attacks.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

Seon

SEPTEMBER 11, 2023

Identity theft: Scammers can commit identity theft by using methods like phishing and vishing to impersonate genuine users. Fraud rings: Fraud rings are organized groups of fraudsters with access to more resources than individual hackers. We’ve helped by listing some simple tips to share with your customers.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

PYMNTS

SEPTEMBER 6, 2019

The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. The need for newer, stringent authentication comes as call centers — especially those for banks and other financial services — are getting hit with increasingly sophisticated fraud.

MFA 49

MFA Authentication Phishing Verification 49