PYMNTS

DECEMBER 15, 2016

In a mutual commitment to accelerating the adoption of an open digital wallet, global card networks Mastercard and Visa announce their agreement to allow each network to request tokenized credentials from the other when consumers are transacting across any digital medium — in app, online and in store. A Global Push.

Visa

PYMNTS

DECEMBER 5, 2016

If banks and payments providers felt vulnerable when payments credentials were tucked inside of apps living in apps stores, voice activated ecosystems have taken that to an entirely new level. Alexa and her voice activated assistant buddies from Google, Apple and Microsoft, also make brands – all brands – invisible.

Online and Mobile Banking

PYMNTS

OCTOBER 25, 2016

Here’s a preview: Besides all being featured at the Money20/20 2016 Conference, McDowell noted that biometrics, EMV and mobile security each share another similar element: All three potentially stand to replace password/PIN credentials, which, he said, are often more susceptible to hackers and other bad actors.

EMV

PYMNTS

JUNE 29, 2020

The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems. billion such attacks between December 2017 and November 2019, 16.55 There were 85.42 billion of which targeted APIs, and of these attacks, 463.3

MFA

Finovate

AUGUST 14, 2024

Built on the company’s Document Verification (DocV) solution, Selfie Reverification also detects signs of deepfaking, and readily identifies age discrepancies between the photo and the credential. Founded in 2012 and headquartered in New York, Socure most recently demoed its technology on the Finovate stage at FinovateFall 2017.

Credential

FICO

DECEMBER 18, 2017

In 2017 we saw massive change in the speed, creativity and magnitude of attacks — yet the industry plodded along on important issues such as timely data breach disclosures. With stolen login credentials being a dime a dozen on the dark web, a well-implemented 2FA renders them nearly worthless. Sure, it’s difficult.

Cybersecurity

VISTA InfoSec

DECEMBER 19, 2024

These incidents highlighted the need for a unified security standard across all SWIFT users, and so in 2017 it launched the CSP with the following key objectives: Strengthening Security: Establishing a consistent baseline of security controls to secure SWIFT-related infrastructure.

SWIFT

PYMNTS

MAY 10, 2017

Those digital controls, Kelly explained to Webster, put the consumers in control of their digital lives by giving them three distinct ways to manage those account credentials, while ultimately building a stronger, more customized relationship with their customers for their issuer partners. They include: Who they pay. Where they pay.

Push-to-Card

PYMNTS

OCTOBER 10, 2018

The application , which was originally filed in September 2017 and was released by the U.S. Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more.

Blockchain

PYMNTS

OCTOBER 24, 2016

The millions of consumers that use Microsoft Wallet, Android Pay or Samsung Pay will be able to use their same tokenized credentials and device authentication methods to complete online transactions at any merchant site that accepts Masterpass.

Visa

Finovate

JUNE 10, 2024

SpyCloud won Best of Show in its Finovate debut at FinovateFall 2017 in New York. The company’s platform scans and analyzes data from breaches, devices infected with malware, and the dark web to find employee login credentials that have been exposed. SpyCloud specializes in helping firms combat account takeover.

Account Takeovers

PYMNTS

JUNE 25, 2020

million such attacks aimed at APIs between December 2017 and November 2019. The APIs that fuel open banking can often be vulnerable to cybercrime, however, with fraudsters deploying credential abuse, digital signature impersonation and a diverse host of other techniques against them.

Financial Crimes

PYMNTS

DECEMBER 5, 2016

If banks and payments providers felt vulnerable when payments credentials were tucked inside of apps, voice-activated ecosystems have taken that to an entirely new level. Alexa and her voice-activated assistant buddies also make brands — all brands — invisible.

Online and Mobile Banking

PYMNTS

FEBRUARY 21, 2020

More than $1 trillion is expected to be spent on cybersecurity solutions worldwide between 2017 and 2021 as companies address the need for protections and make major investments in digital fraud-fighting techniques. One study found a 46 percent increase in reports of such attacks between 2017 and 2018. Detecting Fraudsters.

B2B

PYMNTS

JUNE 27, 2019

trillion market in 2017 growing at twice the rate of credit cards. Unlocking The Power Of Digital Payment Credentials. Digital is giving us — and our issuers — new ways to add features to the payment credentials, in ways that we couldn’t before,” Shrauger said. One credential can serve many purposes in a digital world.

Issuers

PYMNTS

FEBRUARY 28, 2020

“The number-one thing that we see is compromised credentials from another service being used against us,” he explained. Stolen credentials are often purchased from dark web marketplaces, or gathered via phishing emails and brute force attacks on other websites. … I think what you see on Dropbox is not unique to us.

Credential

PYMNTS

APRIL 17, 2018

The application , which was originally filed in September 2017 and was released by the U.S. Thus, there is a need for a technical solution to provide for the immutable storage of identity and credential data that may prevent fabrication and inaccuracies,” stated Mastercard.

Blockchain

PYMNTS

NOVEMBER 18, 2020

18), the first time the cryptocurrency has climbed above $18,000 since December 2017, CNBC reported. Liquid encouraged customers in the post to change their passwords and two-factor authentication (2FA) credentials as soon as possible and to monitor credit reports and financial statements closely, and to report any suspected fraud.

Bitcoin

PYMNTS

NOVEMBER 7, 2019

Once this network is up, the app connects to it automatically, queries the device, then sends the credentials to the local network. This means the credentials are exposed to any nearby eavesdroppers,” the case study reads. . All these exchanges are performed through plain HTTP.

Security

PYMNTS

MARCH 12, 2020

These initiatives are successful only when central governments already issue traditional identification credentials, however, something that is notably lacking in the U.S. Individuals who change their addresses or appearances can modify the information remotely rather than filing paperwork at an office to update or replace their credentials.

Law Enforcement

PYMNTS

APRIL 12, 2017

MorphoTrust and ADR will launch a pilot program that leverages MorphoTrust’s electronic ID (eID), testing the digital identity credential for residents filing state tax refunds during the 2016 season. Users register to receive a credential and verify their identity with a photo of their driver’s license and by taking a selfie.

Authentication

PYMNTS

OCTOBER 26, 2016

Besides all being featured at the Money20/20 2016 Conference, McDowell noted that biometrics, EMV and mobile security each share another similar element: All three potentially stand to replace password/PIN credentials, which, he said, are often more susceptible to hackers and other bad actors. Better user experience. Better security.”.

EMV

PYMNTS

OCTOBER 15, 2018

In 2017, 66,000 online banking malware attacks targeted small businesses , SCORE said, explaining that this type of malware, once unleashed on a computer, is able to obtain online banking login credentials and credit card information when a user logs into their account.

Ransomware

PYMNTS

DECEMBER 16, 2016

The most common types of threat actions used by hackers include brute force, the use of stolen credentials and offline cracking. In fact, four out of five of these attacks are not being discovered by the organizations and only come to light when the credit card theft or usage happens, she noted. A Bleak New Year For POS Security.

Breach

PYMNTS

JANUARY 13, 2020

in the early 2000s had much of the hoped-for effect: By 2017, both Mastercard and Visa had reported that counterfeit fraud was more than halved. Awareness of the extent of identity scams and the solutions that resulted can be used for another purpose: providing credentials to the estimated 1.1 The launch of EMV chip cards in the U.S.

EMV

PYMNTS

SEPTEMBER 7, 2017

The company’s Digital Vendor program is a list of vendors serving issuers around the globe to help them bring to market their Masterpass digital wallets and tokenize payment credentials in an easy and quick manner. Currently, Mastercard customers can access the directory through their Mastercard Connect account.

Visa

PYMNTS

NOVEMBER 7, 2019

Once this network is up, the app connects to it automatically, queries the device, then sends the credentials to the local network. This means the credentials are exposed to any nearby eavesdroppers,” the case study reads. . All these exchanges are performed through plain HTTP.

Security

PYMNTS

MARCH 6, 2020

Companies that offer APIs must have authentication measures in place — such as those requiring legitimate users’ to present credentials, or “API keys” — before granting access to them. . Hackers may try to use brute force to beat authentication measures, automatically plugging different credentials into logins until they are granted access.

API

PYMNTS

DECEMBER 23, 2019

Emails from these fake websites include fraudulent invoices to suppliers, with bid proposals enticing these companies to provide their website login credentials, enabling fraudsters to use those credentials to infiltrate those suppliers’ operations and steal funds, reports said. The Federal Trade Commission (FTC) refunded $2.6

Law Enforcement

PYMNTS

JANUARY 17, 2019

The attacks started around the middle of 2017, impacting banks and financial services companies in Cameroon, Congo (DR), Ghana, Equatorial Guinea and Ivory Coast. Some of the tools that were used in the attacks were similar to the tactics SWIFT warned about in 2017, noted Symantec.

Cybersecurity

PYMNTS

JUNE 3, 2020

There were more than 473 million fraud attempts conducted against APIs between December 2017 and November 2019, with bad actors leveraging a plethora of techniques like credential abuse, SQL injections and distributed denial-of-service (DDoS) attacks. Deep Dive: Harnessing Authentication, Machine Learning To Counter B2B API Fraud.

Real Time Payments

PYMNTS

MAY 2, 2019

As early as 2017 , the Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI) warned that sophisticated hackers were targeting nuclear, energy, aviation, water and critical manufacturing industries, as well as government entities.

FBI

FICO

MAY 15, 2018

As a drumbeat of data breaches becomes the new reality — 42% of organizations breached in 2017 were breached in the past — it’s easy for consumers to throw up their hands and brace themselves for becoming a victim of identity theft or other financial crime. If those details get compromised, you’re a potential victim for account takeover.

IRS

PYMNTS

AUGUST 8, 2018

As previously highlighted by the FBI , Business Email Compromise scams are on the rise, and businesses saw a 26 percent increase in fraudulent emails during Q2 compared to Q1 — and that’s a whopping 87 percent increase compared to Q2 2017. This trend was first identified by ProofPoint in Q3 2017, and has since grown.

Ransomware

PYMNTS

SEPTEMBER 21, 2018

Phillips said, “It’s easier to take over an account if you use credential-stuffing attacks with bots.” In 2017, for instance, online retail sales increased 14.7 percent year over year during the 2017 holiday season to $108 billion, according to Gartner. Yet, 85 percent of holiday sales were in physical stores in 2017.

Account Takeovers

PYMNTS

APRIL 26, 2019

As reported in Threatpost , losses from such schemes nearly doubled from $675 million in 2017 to as much as $1.2 Payroll diversion has become a significant form of payments fraud as well — in this case, the bad actors snare login credentials from employees, and change direct deposit information. billion in 2018. In Ireland.

Business Email Compromise

PYMNTS

FEBRUARY 16, 2018

The two were part of a larger group that stole online credentials, personal information and credit and debit card numbers between 2005 and 2012. District Judge Jerome Simandle in Camden, New Jersey, follow reports released earlier this week that hackers stole more than $17 million from Russian banks in 2017. While the U.S.

Email Compromise