Remove Account Takeovers Remove Breach Remove Phishing
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Cybertech: Securing the Foundations of Finance

Fintech Review

It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption. The risks range from phishing and account takeovers to ransomware and insider threats. Cybertech sits at the intersection of cybersecurity and fintech. What Is Cybertech?

Finance 59
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The platform risk paradox: Managing digital commerce fraud at scale

The Payments Association

The Online Safety Act alone imposes fines up to £18 million or 10% of annual turnover for breaches, with obligations tiered by operational scope and corporate structure. AI-driven scams leverage sophisticated attacks from phishing emails to deepfake videos and voice impersonations. million.

Risk 88
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DocuSign Wages War On Phishing

PYMNTS

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. Phishing attempts increased approximately 65 percent in 2019, and cost businesses more than $12 billion in stolen funds, victim payouts and opportunity costs. million per breach.

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What Is Account Takeover Fraud (ATO)? Detection & Prevention

Seon

In this guide, we’ll see why accounts are targeted, how fraudsters acquire them, and, of course, which steps you should take to secure them. This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud?

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Billions Lost to Fraud Despite Efforts, APAC Fintechs Grapple with Rising Threats

Fintech News

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

APACS 117
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Security Keys: The Answer For Account Takeovers?

PYMNTS

Account takeovers, even of high-profile people, has become a common occurrence in this era of sophisticated cyberattacks and hacks, but researchers think they’ve found a way to fight back against account takeovers : cryptographically based security keys.

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New Report: Why FIs Are Taking A Behind-The-Scenes Approach To Fighting Fraud

PYMNTS

Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. The July FI Fraud Decisioning Playbook examines how FIs are working to better detect and defend against ATOs.