Account takeover – The tip of the cyberthreat iceberg
Data breaches are now a fact of life, exposing ever-growing numbers of account data. This endless stream of records is fueling credential testing attacks for account takeover – undermining digital trust and authentication as we know it. Proactive solutions are vital for merchants to gain control over their environments and detect threats before they emerge. Walking on thin ice 2017 closed with 1,579 data breaches leaving customers’ sensitive data exposed. Over nine billion personal records are floating in the …
Account takeover, the Lord Voldemort of the digital world, sparks fear into the heart of business executives the moment it’s pronounced aloud. Losing control over who is accessing your customer’s accounts can cause immense reputational damage, as well as steep losses. Data breaches are only making this problem bigger by sending out to the open millions of personal records every year. This month NuData is celebrating Account Protection Month in conjunction with CNP. This awareness month is designed 
When some institutions think of account takeover they think of chargebacks, fraudulent money movements, or rewards abuse, for example. But fraud doesn’t start with a chargeback; it begins long before that, at the account origination or pre-login stage. Credential testing or harvesting attacks are some of the most common sophisticated mass-scale threats paving the way for account takeover. Unfortunately, most companies don’t have the right tools to catch them… until it’s too late. The ATO below the surface Companies are 
Each generation puts its mark on society and the millennials, born between 1981 and 1997, are no different. This generation of 92 million was born with technology in their hands, and they are having a profound effect on the banking industry. Their mantra: I want it, and I want it now! With an estimated $200 billion to spend annually, they have become a force to contend with. This group is pushing banks to expand their boundaries, and mobile banking is 
Almost 179 million records containing personal information were disclosed during 1,579 data breaches in 2017, according to the Identity Theft Resource Center and CyberScout. These numbers represent a 45% increase over 2016. They also mean that nearly everyone in the U.S. has had their personal information exposed and that it will end up in the hands of cybercriminals in the near future – if not already. What was once an infrequent occurrence has now become an epidemic. The Identity Theft