An account takeover looks very different from typical card-not-present fraud. A single attack affects hundreds of different genuine customer accounts at the same time. By the time the Payments team notices a chargeback relating to an account takeover, often the damage has already been done ...
Today, any organization issuing or accepting digital payments is an ATO target, and the threat of attack continues to grow. This places online merchants, financial institutions, and service organizations in a paradox: As they embrace customers’ preference for more convenient online services and apps...
Merchant Facilitators (e.g. banks) and Specialised Payment Systems (e.g. PayPal)The ATO is provided with electronic payments processed for business, including total debit and credit card payments received by the entity. This information is used to ensure businesses comply with their tax obligations...
Though any industry can be targeted, ATO attacks predominantly impact firms engaged in e-commerce, banking and financial services, payments, gaming, social media, as well as travel and hospitality, due to the opportunities for financial fraud and data exfiltration they present to attackers. ...
Order a new card for unauthorized purchases. Buy a new smartphone via your carrier. Redeem credits, rewards, miles, etc. for their own gain. Make fraudulent payments from your account. Open a bank account under your name. Place orders on shopping or delivery platforms. Redirect unemployment, ...
1. All payments are by credit card only. The transaction is secure: standard-procedure SSL or SET are used and all data are encrypted. No separate invoice is issued/sent, only a confirmation/receipt message with key details of the transaction. The payment process will be operated by our par...