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 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 …
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 …
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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