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Fintech payment fraud attack rate jumped 70% in 2021

Sift’s report revealed sophisticated tactics cybercriminals leverage to commit payment fraud. The 70% increase in payment fraud correlated with massive 121% growth in …

payment card
Payment fraud attack rate across fintech ballooned 70% in 2021

Sift released a report, detailing the increasingly sophisticated — and often automated — tactics cybercriminals leverage to commit payment fraud. Derived from a global network …

ATO attacks increased 307% between 2019 and 2021

Sift released a report which details the evolving methods fraudsters employ to launch account takeover (ATO) attacks against consumers and businesses. The report details a …

identity theft
Fraudulent content has a direct impact on consumer loyalty

Scams accounted for 59% of blocked user-generated malicious content during the first quarter of the year, according to a Sift report. The report examines how weaponized …

fraud detection
Fraudulent purchase attempts value increased 69% in 2020

The average value of fraudulent purchase attempts increased 69% in 2020, a recent Sift report reveals. Also, several business categories were hit by both major increases in …

As ATO attacks surge, consumers expect merchants to protect them from fraud

Attempted account takeover (ATO) attacks swelled 282 percent between Q2 2019 to Q2 2020, Sift reveals. Likewise, ATO rates for physical ecommerce businesses — those that sell …

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