Consumer habits have shifted markedly to digital channels in the pandemic’s wake. Ordering online to grab food, groceries or clothes was a necessity at first, since restaurants and stores were closed for in-person sales. But as Kount‘s Gary Sevounts noted in a recent conversation with PYMNTS, that...
Petabytes of compromised personal information and card data are being commoditized for sale on the dark web, ushering in an era of what’s being called “industrial-scale account takeover” (ATO). The problem is growing as more commerce moves online — and is exposed. According to PYMNTS’...
Much has been said about the viability of biometrics for guarding against bad actors, but financial institutions (FIs) cannot simply assume that all of their customers want to use such tools. In the latest FI Fraud Decisioning Playbook, Ryan Leblond, manager of fraud prevention for...
Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. Fraudsters have only upped their efforts during the pandemic, with phishing attacks alone increasing...
September 02, 2020
Consumer habits have shifted markedly to digital channels in the pandemic’s wake. Ordering online to grab food, groceries or clothes was a necessity at first, since restaurants and stores were closed for in-person sales. But as Kount‘s Gary Sevounts noted in a recent conversation with PYMNTS, that has begun to shift from a necessity to a matter […]
November 20, 2019
Mobile order-ahead has had an outsized impact on the entire restaurant industry, with a recent study finding that only 15 percent of restaurant meals are eaten on-premises, down from 40...
November 07, 2019
Fraudsters are constantly reinventing their approach to schemes, putting businesses and eCommerce merchants in a precarious position of responding to constantly-evolving fraud threats. In other words, it is no longer...
September 18, 2019
For FIs, staying secure requires a fundamental shift in how they protect against account opening fraud and synthetic identity theft, says Dominic Venturo, executive vice president at U.S. Bank. In...
April 14, 2017
While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting fraud. With that thought in mind, DataVisor set off on a mission to harness and analyze that could potentially detect fraud and protect billions of users around the world. The result of that effort […]
