Account Takeover Archives - Kount: Recent Episodes
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Emerging and evolving fraud trends are putting account takeover attacks on the rise across industries, especially online gaming. Check out Kount’s latest infographic to learn more.
Credential stuffing should concern any business that stores anything of value behind customer accounts. That value isn’t limited to payment information and loyalty points or rewards. In credential stuffing attacks, bad actors target anything they can resell, including personal data. Here, we’ll define credential stuffing attacks and common methods for credential-based attacks. Then we’ll explore […]
Loyalty and rewards programs can increase spending and improve brand loyalty. Businesses can incentivize small acts like repeat purchases, sharing content on social media, and referring new customers. In return, customers can get free products, store credit, and more. It pays to retain customers with loyalty programs, and businesses are willing to invest. Global direct […]
If you’ve ever signed in to an app for the first time or from a new device, there’s a good chance you’ve encountered multi-factor authentication (MFA). Businesses use multi-factor authentication to verify a user’s digital identity for a few key reasons. For one, they want to make sure you are you and not a bad […]
Account takeover (ATO) is a type of fraud that occurs when a bad actor uses stolen or hacked credentials to access legitimate customer accounts. Once bad actors access accounts, they can do a lot of damage. Not only can they access personal identifier information, but they can drain loyalty points, steal customer data, or purchase […]
Quick-service restaurants (QSRs) have transformed their operations with contactless payments and mobile ordering. These days, around 60% of digital orders come from mobile apps, according to a 2018 NPD Group report. By the end of 2020, the NPD Group expects digital orders to triple. But more mobile orders mean an increase in digital fraud losses, […]
The holiday season is a critical time for all businesses, especially amid the coronavirus. 84% of eCommerce businesses say the 2020 season is critical for catching up on sales or recovering from the economic downturn, according to Kount’s holiday survey. To survive and thrive in the holiday season, businesses need to ensure they’re not only […]
Account takeover fraud increased by 72% during 2019, with losses reaching $17B, according to a recent survey by Javelin. COVID-19 is changing online buying habits permanently with Americans relying more on mobile devices out of convenience and necessity, according to the Identity Validation in the Mobile Channel panel held this week. 57% of Americans are […]
Account Takeover (ATO) attempts can strike unexpectedly and leave many unsuspecting consumers with depleted accounts, and businesses facing not only the loss associated with the takeovers, but also brand reputation damage. When unauthorized users gain access to accounts, the value – whether that’s points or actual dollars – can be drained. The latest ATO attack […]
Do you remember when you first heard the term “Porch Pirate?” That is now a commonplace term for an individual who literally steals delivered packages off of neighborhood porches. That phrase has a clear meaning, but, many fraud-related phrases and names out there don’t have such obvious definitions. There are many terms the fraud prevention […]