Here are Just Some of the Ways Fraudsters are Beating or Evading Two Factor Authentication
Here are some of the ways fraudsters are able to successfully takeover and drain accounts despite the use of 2FA.
top of page
FRAUDBLOG
Search
Justin McDonald
Aug 17, 20227 min read
3 Strategies to Stop Identity Fraud Before it Hurts Your Bottomline
In this feature article, we cover three strategies for stopping synthetic identity fraud.
Justin McDonald
Jul 25, 20222 min read
Synthetic Identity and New Account Fraud Among the Most Rapidly Growing Types of Attacks
New account fraud attacks increased 109 percent in the US according to Javelin Strategy’s most recent identity fraud study. Meanwhile,...
Justin McDonald
May 24, 20225 min read
Account Takeover and Alternative Payments: Understanding the Impact of the Fraud Economy
May 24, 2022 | By: Justin McDonald, Sr. Risk Management Consultant, The Fraud Practice Does your organization have a 360° view on the...
Justin McDonald
May 24, 20222 min read
The Large and Growing Threat of Account Takeover
Account Takeover (ATO) represented one-in-four identity fraud losses in 2021 growing 90 percent year-over-year to an $11.4 billion dollar...
Fraud Practice
Nov 5, 20212 min read
Will Enforcement of SCA in Europe be Pushed Back Again?
The UK’s Financial Conduct Authority (FCA) recently suggested that milestones related to ensuring Strong Consumer Authentication (SCA)...
Fraud Practice
Nov 5, 20212 min read
LexisNexis Makes Two Major Risk & Identity Acquisitions in First Two Months of 2020
LexisNexis prepares to fund two acquisitions totaling $855 million as parent company RELX looks to buy two major names in the identity...
Fraud Practice
Nov 5, 20212 min read
Secure Consumer Authentication (SCA) Required for Intra-European eCommerce Beginning September
To maintain compliance with the European Union’s Second Payment Services Directive (PSD2), merchants in Europe will have to perform...
Fraud Practice
Nov 5, 20212 min read
Number of Records Compromised in U.S...
...Data Breaches Nears All-Time High While Nearly 90 percent Included Victims’ SSNs Nearly 1,600 data breaches occurred in the United...
Fraud Practice
Nov 4, 20211 min read
PCI Council Joins EMVCo in Support of 3-D Secure 2.0 Protocol
In the beginning of 2015 EMVCo announced they would be responsible for further developing the 3-Domain Secure 2.0 Specification, taking...
Fraud Practice
Nov 4, 20212 min read
MasterCard Launches Identity Check App Supporting ‘Selfie’ Authentication for SecureCode
MasterCard released their Identity Check app in early October, which is now available in 12 countries across Europe and set to be...
Fraud Practice
Nov 4, 20212 min read
MasterCard to Launch Identity Check App in 14 Countries this Summer
MasterCard showcased their new Identity Check product at the Mobile World Congress in late February, announcing that after successful...
Fraud Practice
Nov 4, 20212 min read
MasterCard Announces Identity Check, Which Will Support Biometric and SMS Authentication by 2016
MasterCard recently announced a new suite of authentication options for the online and mobile channel, branded MasterCard Identity Check,...
Fraud Practice
Nov 4, 20212 min read
Dell to Acquire RSA Parent Company EMC for $67 Billion
Dell announced Monday they will be acquiring enterprise software, storage and security firm EMC in what will be the largest tech merger...
Fraud Practice
Nov 4, 20212 min read
Mitek Systems Acquires IDchecker for $10.6 Million
Mitek, who specializes in mobile onboarding and capturing solutions, announced they would be acquiring identity document verification...
Fraud Practice
Nov 4, 20218 min read
PRESS RELEASE: Leveraging Identity Document Verification in the Mobile Channel
Sarasota, FL, May 13, 2015 / By: Justin McDonald, The Fraud Practice LLC More and more consumers, as well as fraudsters, are browsing,...
David Montague
Sep 17, 20212 min read
Should Legacy Rules-Based Systems be Ruled Out as New Marketplaces Emerge?
The accelerations in eCommerce Delivery, Marketplaces and the gig economy have companies scrambling to make better decisions, faster. ...
David Montague
Sep 17, 20212 min read
The Rise of Machine Learning and AI in the Fraud Prevention Industry
13% of organizations today have adapted Machine Learning and AI into their fraud detection protocols. Another 25% of organizations plan...
David Montague
Sep 17, 20212 min read
The Cost of Friction Versus Security with New SCA Mandates
In Europe, digital retail payments were to become more secure and less susceptible to fraud with the introduction of SCA. Yet a new...
bottom of page