Remove Fraud Detection Remove Multifactor Authentication Remove User Authentication
article thumbnail

Fraud and Financial Crime 2020: Child ID Theft and More

FICO

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.

article thumbnail

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

The Payments Association

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.