Remove Account Takeovers Remove Phishing Remove Verification
article thumbnail

Deepfake Dangers Escalate: AuthenticID Unveils Troubling Trends in 2025 Fraud Report

The Fintech Times

per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new research from AuthenticID, an identity verification provider. Account takeover scams saw a dramatic increase of 250 per cent last year. Identity fraud rates reached 2.1

article thumbnail

Cybertech: Securing the Foundations of Finance

Fintech Review

In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. The risks range from phishing and account takeovers to ransomware and insider threats. More than just firewalls and antivirus software, modern cybertech is proactive and adaptive.

Finance 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DocuSign Wages War On Phishing

PYMNTS

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. How DocuSign Ices Out Phishing Attacks. Deep Dive: Businesses Struggle With Employee Phishing.

article thumbnail

Understanding Account Takeover Fraud: Prevention & Protection Strategies

Fraud.net

Understand the mechanics of account takeover fraud and discover effective prevention strategies to safeguard against ATO attacks.

article thumbnail

Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

Fintech News

Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to enhance their security measures. DBS isn’t the only bank making news for phishing scams. US$129,841).

Scams 109
article thumbnail

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.

article thumbnail

How Financial Institutions Can Combat Business Email Compromise (BEC)

Fi911

What started as simple phishing emails has evolved into complex schemes involving social engineering, insider knowledge, and technical sophistication that can fool even experienced professionals. These attacks often coincide with travel schedules or major transactions when verification becomes difficult.