Account Takeovers news and trends

Multifactor Authentication Helps QSRS Stop 99 Percent Of Mobile Order Ahead Fraud
Mobile Order Ahead // May 17, 2021

Restaurants are still adapting to the digital-first paradigm brought on by the pandemic, with online orders from sit-down restaurants spiking by 134 percent since the pandemic began, and quick-service restaurant (QSR) chains experiencing digital growth of 225 percent. The behaviors that customers have picked up...

NEW REPORT: FIs Elevate Their API, Web App Strategies With Performance-Enhancing Security
Fraud Prevention // May 14, 2021

  Web apps and application programming interfaces (APIs) power eCommerce, real-time payments and location-based services such as Instacart, but they are also becoming the focus of a range of increasingly sophisticated cyberattacks that can compromise personal data and interrupt the customer experience. Cybercriminals leverage a...

How Slice Counters Dark Web-Based Credential Stuffing Attacks On Its Mobile Ordering App
Fraud Prevention // May 13, 2021

Account takeovers and credential stuffing attacks are surging, with fraudsters buying stolen credentials from the dark web to target first-time digital consumers. In this month’s Digital Fraud Tracker, Slice's Jason Ordway discusses its two-pronged approach for keeping orders secure for its 15,000 pizzerias across the...

New Report: Behavioral Analytics, Machine Learning Keep FIs On Cutting Edge Of Fraud Prevention
Fraud Prevention // April 14, 2021

  Combatting financial fraud has emerged as one of the most promising applications of artificial intelligence (AI) and machine learning (ML). These systems are capable of detecting suspicious patterns of account behavior in real time and stopping data breaches and fraud in their tracks, long...

Interviews & Exclusives
NEW REPORT: FIs Elevate Their API, Web App Strategies With Performance-Enhancing Security

May 14, 2021
  Web apps and application programming interfaces (APIs) power eCommerce, real-time payments and location-based services such as Instacart, but they are also becoming the focus of a range of increasingly sophisticated cyberattacks that can compromise personal data and interrupt the customer experience. Cybercriminals leverage a host of tactics to circumvent the security of web apps […]

Report: Zulily On How Digital IDs Help Flag Account Takeovers

October 13, 2020
Consumers are relying more heavily on eCommerce during the pandemic, and they have high standards for what digital shopping should be like. A recent study of North American and European...

Why Fighting Fraud Means Looking Beyond The Transaction

July 02, 2020
Consumers’ commerce patterns have been very much upended in the past few months and shifted heavily to digital. On the upside, this digital gold rush has created an opportunity for...

Social Distancing And Account Takeovers — COVID-19’s Impact On QSRs

April 15, 2020
The mobile ordering industry has steadily gained steam, with nearly 50 million consumers expected to be using food delivery apps by next year. The market is facing the largest crisis...

Quick Reads
Twitter Accounts Of Bezos, Buffett, Musk And Others Apparently Victims Of ATO Crypto Scam

July 15, 2020
High-profile Twitter accounts, including those of Amazon CEO Jeff Bezos, Berkshire Hathaway Chairman Warren Buffett, Tesla CEO Elon Musk and others, were taken over in a wave of hackings on Wednesday (July 15), according to CNBC. On Musk’s account, a tweet appeared asking for bitcoin, promising to double all payments sent to an address. That […]