PYMNTS

FEBRUARY 18, 2020

Omnichannel Fraud Protection. FIs and PSPs in Europe are particularly interested in robust fraud-busting technologies for SCA compliance, which is mandated under PSD2. Fraud orchestration will be key for these FIs given that 93 percent of such attempted transactions were flagged as fraudulent, however.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

FICO

JANUARY 27, 2020

Whether it’s fraud or money landering, the steps in identifiying these activities are the same: customer authentication, monitoring transactions and detecting suspicious behaviors or anomalies, and appropriately responding to these risks. The result: lowered cost and improved results.

Financial Crimes 52

Financial Crimes Crime Identity Theft AML 52

PYMNTS

MAY 22, 2020

Banks must instead leverage multilayered defenses that harness employee and customer education, ironclad verification and artificial intelligence (AI)-enhanced fraud detection systems to keep customers’ money and personal data safe. Understanding the Scope of Financial Crimes.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

The Payments Association

FEBRUARY 17, 2025

When the victim enters their credentials, the attacker captures these details and may steal session cookies to bypass multifactor authentication (MFA). Using stolen session cookies, the attacker can authenticate themselves into the victim’s account, gaining unauthorised access to emails or other resources.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88

The Payments Association

JANUARY 14, 2025

The section concluded with a call for enhanced industry initiatives, including standardised data sharing and improved fraud detection strategies. The introduction of strong customer authentication (SCA) was intended to enhance safety by requiring multifactor authentication for transactions.

Fraud Prevention 88

Fraud Prevention Financial Crimes Crime Participant 88