Remove Fraud Detection Remove Multifactor Authentication Remove Phishing
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Deploying A Multilayered Fraud Prevention System During The COVID-19 Pandemic

PYMNTS

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. People are one click away from a malware download or credential phishing [website].

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Adversary-in-the-middle fraud: A growing concern for payments providers in 2025

The Payments Association

AiTM attacks work by intercepting communication between a user and a legitimate service through phishing techniques. In an AiTM attack, the attacker typically sends a phishing email with a link that directs the victim to a fake login page (redirector or AiTM phishing page) designed to look like a legitimate service.