Remove 2020 Remove Compromise Remove MFA
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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

million accounts were leaked witnessing a 388% increase in compromised user accounts. million, which is said to have increased by 27% since 2020. Through multi-factor authentication (MFA) and role-based access controls, businesses can limit exposure to potential breaches by restricting access based on job responsibilities.

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What Are the Risks of Business Email Compromise & How Can You Prevent Them?

Seon

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. According to the FBI’s 2020 Internet Crime Report, 2020 alone saw 791,790 complaints of suspected internet crime – an increase of more than 300,000 since 2019. Reported losses in 2020 exceeded $4.2

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Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters? Open Banking Attacks

PYMNTS

FIs may need to provide data to FinTech startups without dedicated cybersecurity teams, for example, which could then be more easily compromised by hackers who will steal sensitive bank customer data. MFA requires customers to prove their identities by providing at least two types of credentials. Fighting Phishing.

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Guarding the Gates: Data Compliance and Privacy

Segpay

The Rising Importance of Data Privacy Regulation The implementation of GDPR in the European Union (2018) and CCPA in California (2020) marked an important shift in global data privacy standards. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105
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Fraud Fighters Focusing On Better P2P Security

PYMNTS

Companies charged with protecting people’s data lost ground in 2020, after an abysmal 2019 of breathtaking data breaches. This means that even one compromised account could threaten all others that rely on the same credentials, potentially costing victims a fortune in stolen money and data.”. P2P Is A Double-Edged Sword.

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Security Awareness Training: What It Is, Its Importance & How to Implement It

Seon

Giving an idea of the scale of the problem, Keepnet Labs’ 2020 phishing report found that 50% of its observed employees opened and read phishing emails, while one in eight answered them. Password management : Using multi-factor authentication (MFA) and password managers. Investing in training for employees can help them feel valued.