XTN Cognitive Security has been mentioned in the Aite-Novarica Group’s report Trends in Fraud in the Digital Channel: Fraud Inc. Pivoting to Scams as:
โข ๐๐ฒ๐ต๐ฎ๐๐ถ๐ผ๐ฟ๐ฎ๐น ๐๐ถ๐ผ๐บ๐ฒ๐๐ฟ๐ถ๐ฐ๐ย key vendor
โข ๐๐ฒ๐๐ถ๐ฐ๐ฒ ๐๐ฑ๐ฒ๐ป๐๐ถ๐๐ key vendor
โข ๐ ๐ฎ๐น๐๐ฎ๐ฟ๐ฒ ๐๐ฒ๐๐ฒ๐ฐ๐๐ถ๐ผ๐ป key vendor
โข ๐ฅ๐ถ๐๐ธ ๐๐ป๐ด๐ถ๐ป๐ฒ ๐ฃ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ๐ key vendor
As the pandemic disrupted nearly all aspects of commercial and social activity, significant numbers of consumer and commercial customers accelerated their migration to the digital channel. These disruptions and several other drivers led to shifts in digital fraud patternsโpatterns suggesting that the fraudsters are now poised to expand their efforts to target consumer and commercial customers directly through account takeovers and, increasingly, scams.
This report examines trends in the growth of account takeover and scams, the drivers behind them, and trends in how fraud executives are balancing loss mitigation, client experience, regulatory compliance, and operating efficiency. The report is informed by interviews with 18 North American fraud executives from 17 banks and one credit union between August and October 2021. A survey of 32 North American fraud executives who attended Aite-Novarica Groupโs 2021 Financial Crime Forum in September 2021 provides additional insights.
