Account Opening Fraud news and trends

U.S. Bank: Machine Learning Is Banks’ Best Bet Against Fraud
Digital Banking // September 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and the losses are set to further increase as this year progresses. ATO and other fraud methods that rely on using stolen credit card numbers or other personal information are becoming decidedly popular...

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U.S. Bank: Machine Learning Is Banks’ Best Bet Against Fraud

September 17, 2019
Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and the losses are set to further increase as this year progresses. ATO and other fraud methods that rely on using stolen credit card numbers or other personal information are becoming decidedly popular with bad actors, who are employing increasingly sophisticated technologies to […]