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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

4.0 , was released on March 31, 2022, introducing enhanced security measures to address evolving cyber threats. Through multi-factor authentication (MFA) and role-based access controls, businesses can limit exposure to potential breaches by restricting access based on job responsibilities. The latest version PCI DSS v.4.0

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PCI Compliance for Banking Professionals

Fi911

Identify and Authenticate Access to System Components: Use multi-factor authentication (MFA) to strengthen access controls. released in March 2022, updates and expands the framework to maintain relevance in a rapidly evolving digital landscape. What’s New in PCI-DSS Version 4.0? PCI-DSS version 4.0,

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Navigating the rise of AI-enabled fraud

The Payments Association

This is evidenced by the fact that payment card fraud alone is projected to increase by over $10 billion between 2022 and 2028, according to the data. By analysing large datasets, AI can quickly recognise unusual behaviours and detect fraud in real time, significantly reducing the risk of fraudulent transactions.

AI
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PCI DSS 4.0

Cardfellow

was released in March of 2022, but the prior standard was intentionally left in place for 2 years following its release to allow time for assessors and businesses to understand the changes and make updates. Required Multi-Factor Authentication (MFA) Version 4.0 But PCI standards have gotten an update to PCI DSS 4.0

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Mongolia’s Fintech Future: Building a Digital Economy in a Land of Contrasts

The Fintech Times

In 2022, the total assets within the banking sector grew by 12.3 By 2022, over 75 per cent of the population had already engaged with the platform, highlighting its widespread adoption. partnered with M Bank in 2022 to enhance the bank’s digital lending capabilities. For example, Singapore-based Finbots.ai

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Payment Security: Everything You Need to Know About Secure Payments

Stax

of the global population using this method of payment in 2022. Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. Many people use MFA when making purchases through Apple Pay, for example, using Face ID or a passcode to complete a purchase.

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Mobile Banking Malware on the Rise Amid Rapid Adoption

Fintech News

That’s 10 more malware families than in 2022 during which the study identified 19 banking malware families targeting 1,400 mobile apps. The 2023 study, which analyzed malware targeting banking apps, uncovered that 29 malware families targeted 1,800 banking applications across 61 countries last year.