The Fintech Times

DECEMBER 21, 2023

We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

The Payments Association

JUNE 11, 2025

The volume of Magecart e-skimmer infections reached nearly 11,000 unique e-commerce domains in 2024, representing a threefold increase from 2023. AI-driven scams leverage sophisticated attacks from phishing emails to deepfake videos and voice impersonations. However, payments leaders are fighting back with AI-powered defences.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

Fintech News

FEBRUARY 10, 2025

Adjusted figures from 2023 later revealed a massive upward revision of 69%, indicating that current 2024 estimates will likely follow the same trajectory. A majority of these funds were stolen through private key compromises, phishing schemes, and decentralised finance (DeFi) exploits. Asia-based crypto exchanges have not been immune.

Crime 83

Crime Ransomware Scams Phishing 83

The Fintech Times

AUGUST 13, 2024

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. This leaves many vulnerable to sophisticated AI-powered attacks like deepfakes and voice cloning.

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. The diagram below shows the typical sequence of actions that phishing attackers take when carrying out social engineering attacks. The answer is security awareness training.

Security 52

Security Phishing Best Practices Data Breach 52

Seon

JUNE 1, 2023

In fact, on February 27, 2023, FinCEN issued a report warning financial institutions of the rise in mail theft-related check fraud. After all, digital transactions have their own vulnerabilities, so the current rise in AI fraud , particularly deepfakes, may lead to an increase in the need for in-person check transactions.

Checks 52

Checks Security Fincen Payer 52

The Fintech Times

DECEMBER 5, 2024

The number of data breaches globally in 2024 has already exceeded 2023 before the year is up, meaning that firms and consumers need to stay vigilant in order to keep data safe, according to Experian , the credit score and comparison firm. Typically, fraudsters are associated with middle-aged criminals.

Data Breach 59

Data Breach Breach Ransomware Deepfake 59

Fintech News

APRIL 9, 2025

Inside APACs Identity Fraud Trends: From Tutorials to Industrialised Fraud For example, many beginner fraudsters turn to dark web forums, fraudster communities, or private chats to learn the basics of hacking, phishing, or financial fraud. Tutorials or guides are often sold or shared for free on these platforms.

APACS 101

APACS Deepfake Identity Theft Account Takeovers 101