Why Fraudsters Look Trustworthy and Good Customers Look Suspicious

Account takeover fraud is becoming harder for financial institutions to detect as criminals increasingly operate through legitimate customer credentials. A valid login, established account and routine profile changes can make malicious activity appear genuine, allowing attackers to gain control before an obviously fraudulent transaction takes place. For financial institutions, this means detection

Artificial intelligence is transforming online fraud from a collection of individual scams into something resembling an industrialised criminal supply chain, allowing attackers to operate at unprecedented speed and scale. New... read more The post AI is industrialising E-Commerce Fraud appeared first on Payments Industry Intelligence .

Criminals are increasingly aware of the signals banks use to identify “good customers”—and they are using that knowledge to evade detection. At the same time, legitimate customers are adopting behaviors that were once considered tried-and-true risk signals. Data breaches and privacy concerns, for example, have spurred many consumers to use VPNs, a behavior that was […] The post Why Fraudster