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account takeover

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Published By: Iovation     Published Date: Aug 02, 2019
Account takeover. Synthetic identities. The security risks that financial services and online merchants face are endless, and the fraud landscape is changing dramatically. You not only need to be aware of how it’s evolving, but how to address these threats, protect your customers and your brand. iovation has analyzed data from our consortium made up of six billion devices seen, 55 million fraud reports, and thousands of fraud analysts to determine the most significant fraud trends and what you can do to combat them.
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Iovation
Published By: Iovation     Published Date: Aug 02, 2019
Insurance fraud is back with a vengeance. With four out of ten mobile claims estimated to be fraudulent, using connected devices have made it easier than ever for fraudsters to commit insurance crimes. Gather insights from the live panel discussion hosted by MoneyLIVE & TransUnion. As fraud experts examine current trends & impacts of insurance fraud in today's digital age and learn how to overcome insurance fraud while protecting your customer relationships. What you will learn: Key trends behind fraud and the way in which they are impacting insurers. How to tackle fraud and identify red flags by using a holistic approach. Explore trigger points that can help warn insurers of when there is a high chance of fraudulent activity. Identify the genuine customers and their genuine claims from the fraudsters.
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botnet, insurance claims fraud, fraud rings, account takeover
    
Iovation
Published By: Akamai Technologies     Published Date: Sep 11, 2017
A compromised account is 17 times more valuable than a stolen credit card number. That’s why fraud bots, loaded with stolen credentials, use their lists of username/password pairs on thousands of websites. Credential stuffing bots can lead to data theft, customer identity fraud, and account takeover on your site. Learn about the risk to your business from credential stuffing bots in the Akamai infographic, Credential Stuffing 101: The Risk of Bots to Your Business.
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credential stuffing, bot security, akamai, cyber security
    
Akamai Technologies
Published By: Barracuda     Published Date: Oct 14, 2019
In its guide for buyers considering email-security solutions—a detailed analysis of products and services—Forrester’s evaluation gave Barracuda the highest score possible in the cloud integration, deployment options and support and customer success criteria. Get full report and see all the details for yourself, including innovative solutions for email authentication and incident response and for preventing account takeover, business email compromise (BEC) and spear-phishing. Claim your complimentary copy right now!
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Barracuda
Published By: Riskified     Published Date: Aug 06, 2019
Online fraud is becoming more and more sophisticated, as cybercriminals try and keep a step ahead of fraud solutions and tools. One of the results of this arms race is the recent surge in ATO – account takeover – attacks, a form of fraud which is particularly difficult to detect. In 2017 ATO led to $5.1 billion in losses, a staggering 122% increase over the $2.3 billion lost in 2016.
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Riskified
Published By: IBM     Published Date: Oct 26, 2017
Firms face loss of Intellectual property (IP) and breaches of sensitive data as a result of account takeover (ATO). Risk-based authentication RBA plays an important role in the identity and access management (IAM) and risk mitigation of ATO across a variety of user populations (employee-facing [B2E] users, partners, clients, and consumer/citizen-facing users).
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risk based authentication, account takeover, intellectual property, sensitive data, identity management
    
IBM
Published By: SpyCloud     Published Date: Mar 30, 2018
Because of widespread password reuse, Account Takeover (ATO) attacks have become an extremely lucrative business for cybercriminals. Organized crime rings are performing ATO attacks at a massive scale by leveraging botnet-infected armies to attempt credential-stuffing attacks against various web and mobile applications. Cyber criminals exploit compromised accounts for financial gain by pilfering financial or personally identifiable information (PII) directly or by selling access to these accounts on underground markets. Download our report to understand: The Underground economy driving these attacks The tools criminals are using to automate ATO Remediation Strategies to prevent ATO in your organization
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SpyCloud
Published By: Shape Security     Published Date: Sep 12, 2019
A Big 5 Canadian bank had been suffering from automated attacks on its web and mobile login applications for months. Bad actors were performing credential stuffing attacks on all possible channels. Not only were the attacks leading to account takeover fraud losses, but the sheer volume of attacks also put significant strain on the bank’s infrastructure. After months of playing cat-and-mouse with the attackers, the bank decided to seek out a sophisticated solution and approached Shape. In this case study, learn how Shape’s Enterprise Defense service and Threat Intelligence team were able to successfully defend against these attacks.
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Shape Security
Published By: Shape Security     Published Date: Sep 16, 2019
Starbucks’ Director of InfoSec, Mike Hughes, joins the CEO of Shape Security for a conversation regarding the challenges of credential stuffing and account takeover at Starbucks and the industry at large.
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Shape Security
Published By: Shape Security     Published Date: Sep 12, 2019
A Top 3 US Telecom Provider needed to secure its mobile accounts from credential stuffing attackers targeting them to commit various fraud schemes, including: Upgrade theft Two-factor authentication bypass Virtual calling When account takeovers became so common that the telecom provider received negative press about the situation, the company knew it needed to find a solution immediately. Download this case study to learn how the company was able to stop credential stuffing with Shape Enterprise Defense.
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Shape Security
Published By: Shape Security     Published Date: Sep 16, 2019
More than 50% of all e-commerce fraud losses are from cyberattacks such as account takeover, gift card cracking and inventory scalping. While these attacks occur year round, the majority of losses are sustained during peak seasonal promotions and new product releases. Watch this briefing to learn the anatomy of the costliest attacks on web and mobile applications, and insights from Top 10 Retailers on successful mitigation techniques. Topics covered include: Top 3 retail attack techniques Analysis of attack data during sales promotions Best practices from Top 10 Retailers
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Shape Security
Published By: FICO EMEA     Published Date: Aug 30, 2019
Fraud is a serious concern for the communications industry, with proceeds and services used by organised crime and terrorist networks. Whilst reliable statistics are difficult to come by, industry association Communications Fraud Control Association (CFCA) estimates the total global fraud loss at around $29bn annually. Of this, over $7bn is attributed to subscription fraud and account takeover. In an industry which is undergoing widespread digital transformation to streamline customer journeys and reduce operating costs through automation, preventing fraud is critical. Learn More
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telecom subscription fraud, prevent fraud, fight fraud
    
FICO EMEA
Published By: FICO EMEA     Published Date: Sep 02, 2019
Real-time payments mean real-time fraud – how will you adapt your fraud strategies? The roll out of real-time payment schemes has bought advantages to criminals as well as to people and businesses. Those countries that have already adopted real-time payment schemes have seen a rise in fraud including authorised push payment fraud and account takeover as well as a rise in money laundering, particularly the use of mule accounts. This executive brief looks at the impact of real-time payments on fraud and examines the changes to fraud strategy and solutions to keep it under control including: The need to assess payments for fraud in real-time. How to protect customers from authorised push payment fraud. The machine learning approaches that can underpin a successful fraud strategy that protects both banks and their customers. Download now
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real-time payment, p2p payment
    
FICO EMEA
Published By: FICO EMEA     Published Date: Sep 12, 2019
La implantación de sistemas de pago en tiempo real ha supuesto ventajas tanto para las personas y las empresas como para los delincuentes. Los países que ya han adoptado sistemas de transacciones en tiempo real han experimentado un aumento del fraude, incluido el fraude APP -Authorised Push Payment- y el fraude por apropiación indebida -Account Takeover-, así como un aumento del blanqueo de dinero, en particular el uso de cuentas de mula. Este whitepaper analiza el impacto que las transacciones en tiempo real tienen sobre el fraude y examina los cambios en las estrategias Antifraude aportando soluciones para mantenerlo bajo control, incluyendo: - La necesidad de evaluar las transacciones en tiempo real para detectar fraude - Cómo proteger a los clientes de los fraudes en las transacciones push -El papel del Machine Learning en las estrategias Antifraude.
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transacciones tiempo real, pagos en tiempo real, fraude, anti fraude, antifraude, blanqueo capitales, pagos p2p
    
FICO EMEA
Published By: IBM     Published Date: Feb 11, 2015
With the introduction of sophisticated threats such as advanced phishing and malware, authentication can become less effective. Authentication methods can be bypassed by fraudsters and traditional risk-based authentication solutions can cause many users to be unnecessarily challenged and disrupted, yet do not manage to reduce fraud. As fraud rises, there is a strong need for fraud tools that can detect account takeover and fraudulent transactions. IBM® Security Trusteer™ Pinpoint Criminal Detection software offers a next generation approach that helps address the challenges of traditional risk engines.
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criminal fraud detection, authentication methods, ibm, criminal detection software
    
IBM
Published By: IBM     Published Date: Dec 01, 2014
With the introduction of sophisticated threats such as advanced phishing and malware, authentication can become less effective. Authentication methods can be bypassed by fraudsters and traditional risk-based authentication solutions can cause many users to be unnecessarily challenged and disrupted, yet do not manage to reduce fraud. As fraud rises, there is a strong need for fraud tools that can detect account takeover and fraudulent transactions. IBM® Security Trusteer™ Pinpoint Criminal Detection software offers a next generation approach that helps address the challenges of traditional risk engines.
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fraud detection, cybercrime, cyber threat, malware
    
IBM
Published By: IBM     Published Date: Aug 08, 2014
The holistic, integrated fraud-prevention platform from Trusteer, an IBM company, effectively protects financial institutions against the full range of attack vectors responsible for the majority of online and cross-channel fraud, including account takeover.
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fraud detection, finance, account takeover, cybercrime, fraud prevention
    
IBM
Published By: IBM     Published Date: Aug 06, 2014
The holistic, integrated fraud-prevention platform from Trusteer, an IBM company, effectively protects financial institutions against the full range of attack vectors responsible for the majority of online and cross-channel fraud, including account takeover.
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IBM
Published By: IBM     Published Date: Apr 09, 2015
This American Banker webcast, sponsored by IBM, provides new insight into cybercrime and fraud prevention. Financial institutions have invested heavily in fraud prevention technologies and programs. However, sophisticated organized crime syndicates continue to successfully attack financial institutions and their customers. These criminals adapt quickly by using advanced technology and with ever changing attack vectors to exploit information security and fraud protection gaps across payment types, banking channels, and organizational boundaries. Traditional fraud prevention technologies are simply not capable of detecting and preventing account takeover and advanced malware attacks. A new approach to counter fraud is needed.
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finance, cyber crime, banking, security, network security, fraud prevention
    
IBM
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