Articles with tag: account takeover

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Supporting airlines as they defend against pandemic-related fraud trends

23 Oct 2020 | Digital Identity, Security & Online Fraud

It's likely that fraudsters are taking advantage of the pandemic to target airlines with new and refined tools and techniques. Mark Strachan, EMEA Managed Risk Principal at Cybersource, discusses nine key fraud trends and how to combat them.

Mark Strachan, Cybersource, fraud, token, bank account, COVID-19, vouchers, account takeover, chargebacks, friendly fraud, machine learning, customer behaviour, fraud management

ClearScore, Netacea partnership for bot protection

21 Oct 2020 | Digital Identity, Security & Online Fraud

Bot management solution provider Netacea has been selected by UK-based credit marketplace ClearScore to protect against credential stuffing attacks and account takeovers.

ClearScore, Netacea, partnership, bot protection, fraud, UK, credential attack, account takeover

Goodbye passwords, passwordless authentication is here to stay

19 Oct 2020 | Digital Identity, Security & Online Fraud

By 2022, Gartner predicts that 60% of large and global enterprises, along with 90% of mid-size enterprises, will implement passwordless authentication methods in over 50% of use cases, up from 5% in 2018, Srividya Sunderamurthy from Vesta debates.

Srividya Sunderamurthy, Vesta, AML, account takeover, ecommerce, fraud, PII, phishing, credential stuffing, data breaches, merchants, authentication

Account takeover becomes weapon of choice for fraudsters leading up to holiday shopping season

01 Oct 2020 | Digital Identity, Security & Online Fraud

Sift has released its Q3 2020 Digital Trust & Safety Index, which examines how cybercriminals have been using ATO fraud to steal from consumers and ecommerce merchants.

Sift, research, Q3 2020 Digital Trust & Safety Index, cybercriminals, account takeover, ATO, fraud, ecommerce, merchants, US, COVID-19, fraudsters, payment information, rewards points, multi-factor authentication, MFA, hack, credential stuffing, chargeback

Forter reveals fraud insights for holiday season and rising rates of omnichannel fraud

01 Oct 2020 | Digital Identity, Security & Online Fraud

Forter’s ninth Fraud Attack Index has revealed key fraud insights for holiday season and rising rates of omnichannel fraud.

Forter, study, ecommerce fraud, BOPIS fraud, omnichannel, return fraud, COVID-19, customer experience, account takeover

LexisNexis Risk Solutions reveals new risks for EMEA in online channels during the pandemic

15 Sep 2020 | Digital Identity, Security & Online Fraud

LexisNexis Risk Solutions has released its biannual Cybercrime Report, which tracks global cybercrime activity from January 2020 through June 2020.

LexisNexis Risk Solutions, Cybercrime Report, cybercrime, COVID-19, LexisNexis Digital Identity Network, EMEA, desktop transactions, attack rate, UK, human-initiated cyberattacks, bot attacks, US, ecommerce, online payments, merchants, digital payments, account takeover, identity spoofing, chargeback, fraud

The power of data intelligence in fraud prevention

08 Sep 2020 | Digital Identity, Security & Online Fraud

Glenn Cobb, Director, Solution Engineering at Simility, a PayPal Service, explains how data fuels modern businesses and informs every decision a firm makes, from launching new products to improving customer experiences to fighting fraud

Glenn Cobb, Simility, data intelligence, fraud prevention, risk intelligence, threats, dark web, marketplaces, accounts, account takeover, network intelligence, risk score

SpyCloud closes USD 30 mln funding for its anti-fraud platform

20 Aug 2020 | Digital Identity, Security & Online Fraud

US-based SpyCloud has announced that it has closed on USD 30 million in additional venture capital funding, Silicon Hills News reports.

SpyCloud, anti-fraud platform, customer accounts, security, account takeover, criminals

TypingDNA's typing biometrics authentication integrated to ForgeRock's platform

19 Aug 2020 | Digital Identity, Security & Online Fraud

The ForgeRock Identity Platform has integrated TypingDNA’s typing biometric authentication API to boost security, workforce, and customer authentication experience.

ForgeRock, TypingDNA, typing biometrics, authentication, identity platform, API, security, account takeover, fraud, RBA, SCA, PSD2

Buguroo teams up with Puleng Technologies

18 Aug 2020 | Digital Identity, Security & Online Fraud

Buguroo and Puleng Technologies have partnered aiming to reduce the impact of online bank fraud in South Africa. 

Buguroo, partnership, Puleng Technologies, SA, banking, online, online fraud, fraud, online bank, banks, South Africa, South African Banking Risk Information Centre, SABRIC, fraud, mobile bank, COVID-19, coronavirus, pandemic, Account Takeover, ATO, biometrics, bugFraud

Intellicheck, Ipsidy collaborate to offer account takeover fraud prevention solution

05 Aug 2020 | Digital Identity, Security & Online Fraud

Intellicheck has announced a collaborative agreement with Ipsidy to offer facial biometric identity proofing and multi-factor authentication solutions for the North American market.

Intellicheck, Ipsidy, facial biometric, multi-factor authentication, North American, identification authentication, age verification, Identity as a Service, IDaaS, account takeover

US Faster Payments Council publishes white paper focused on fraud prevention

31 Jul 2020 | Digital Identity, Security & Online Fraud

The US Faster Payments Council (FPC) has released its latest white paper, Examining Faster Payments Fraud Prevention. 

US Faster Payments Council, FPC, white paper, Examining Faster Payments Fraud Prevention, fraud schemes, identify theft, account takeover, synthetic identity, social engineering, Authorised Push Payment, faster payments environment, user experiences, cross-border payments

Fraud management during challenging times: learning from recent experience

29 Jul 2020 | Digital Identity, Security & Online Fraud

Mark Strachan, Director, Cybersource Global Services, shares insights into best-practice approaches merchants can take in response to recent changes in consumer and fraudster behaviour

Mark Strachan, Cybersource, fraud, management, merchants, COVID-19, risks, transactions, screening, bot attacks, account takeover, chargeback, cards, fraud management, fraud prevention, ML, AI

Trulioo recommends payment apps to improve security against COVID-19 fraud

24 Jul 2020 | Digital Identity, Security & Online Fraud

Trulioo has released an Anti-Money Laundering and Know Your Customer (KYC) report that tracks fraudulent activity during the pandemic.

Trulioo, Anti-Money Laundering, AML, Know Your Customer, KYC, report, fraudulent activity, COVID-19, cybercriminals, payment apps, online transactions, biometrics, account takeover, Westpac Banking Corporation, customer onboarding

Beyond Identity, Ping Identity join forces to enable passwordless authentication

24 Jul 2020 | Digital Identity, Security & Online Fraud

US-based identity management provider Beyond Identity has partnered with Ping Identity to enable passwordless authentication.

Beyond Identity, Ping Identity, passwordless authentication, SSO, PingFederate, cryptography, TLS, SSL, Technology Alliance Programme, TAP, IAM, account takeover, codeless

EE rolls out ID checker to fight online fraud

17 Jul 2020 | Digital Identity, Security & Online Fraud

UK-based network operator EE has launched a new Digital Identity platform to protect customers from fraud.

UK, EE, Digital Identity platform, fraud prevention, identity theft, SIM swap fraud, account takeover, SIM Swap, Know Your Customer, KYC, online transactions, unauthorised financial fraud

Accertify reveals digital identity solution to fight account opening and ATO fraud

17 Jul 2020 | Digital Identity, Security & Online Fraud

Accertify has announced the launch of a new solution designed to help organisations address the significant rise in fraudulent online account openings and account takeovers. 

Accertify, launch, digital identity, account opening, account takeover fraud, identity theft, loyalty points, fraud, risks, bot attacks

Ravelin secures Series C funding to continue growth in new markets

15 Jul 2020 | Digital Identity, Security & Online Fraud

Fraud detection company Ravelin has announced the raise of USD 20 million in a Series C funding round.

Ravelin, machine learning, graph network technologies, marketplaces, fraudulent accounts, Fiserv, Fraud Detect, machine learning, ecommerce, card fraud, Account Takeover, Ravelin Accept, PDS2

BioCatch's digital behavioural profiles now includes over 150 mln users

26 Jun 2020 | Digital Identity, Security & Online Fraud

BioCatch has revealed that its compilation of privacy-protected digital behavioural profiles now includes more than 150 million individual online banking users.

behavioural biometrics, BioCatch, online banking, cybercrime, fraud, potential risk, personally identifiable information, PII, synthetic identities, onboarding, account takeovers, social engineering scams

Visa reveals digital tool to prevent new account fraud

23 Jun 2020 | Digital Identity, Security & Online Fraud

Visa has announced a digital tool to help US financial institutions with their efforts to combat new account fraud – estimated at USD 10 billion a year.

Visa, Advanced Identity Score, financial institutions, fraud prevention, new account fraud, AI, ML, data, identity, loyalty, account fraud, account takeover, risks, fraud loss