An EU regulation aimed at strengthening the fight against money laundering and terrorist financing by harmonizing definitions, expanding liability, and increasing penalties for financial crimes.
Accidental friendly fraud occurs when a legitimate customer disputes a transaction as unauthorized or requests a chargeback due to misunderstanding or forgetfulness, rather than malicious intent.
Account farming is the process of creating or acquiring multiple fake or illegitimate accounts, often to exploit promotions, perpetrate fraud, or facilitate larger schemes.
Account takeover is a form of identity theft where an intruder illegally gains access to a victim's bank or online accounts, manipulating or extracting funds without authorization.
Active authentication is a security process that requires users to actively prove their identity through direct input, such as passwords, PINs, biometrics, or one-time passwords (OTPs).
Arbitrage (Arbs/Arber) is the practice of exploiting price differences across markets or platforms to make risk-free profits, commonly seen in financial trading, e-commerce, and the gaming industry. Although some forms of arbitrage are legal, malicious or excessive practices can disrupt businesses and platforms.
A bank drop is a fraudulent bank account created under a fake, stolen, or synthetic identity, used to receive and withdraw illicit funds or facilitate money laundering.
A blended threat is a sophisticated attack that combines multiple types of cyber threats, such as malware, phishing, and social engineering, to target systems, networks, or users for maximum impact.
Brute force attacks involves the usage of automated tools to try numerous password combinations until the correct one is found and enable unauthorized access.
