Remove Accounts Remove Credential Remove Identity Theft
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Cyber Threats Surge in India’s Financial Sector

Fintech News

These chatbots leverage AI with natural language processing (NLP) capabilities to engage potential victims in seemingly benign conversations, subtly extracting credentials or sensitive data over time. India is experiencing a rise in deepfake identity fraud, with cases surging by 550% since 2019. billion) in 2024 alone. Approximately 1.1

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Understanding POS Security: Protecting Your Business and Customer Data

VISTA InfoSec

According to the Identity Theft Resource Center’s (ITRC) 2023 Business Impact Report , 73% of small business owners in the US reported a cyber-attack within the previous year, underlining the growing popularity of small businesses as a target among malicious actors.

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Data Breaches 101: What They Are And How To Prevent Them

VISTA InfoSec

They take advantage of vulnerable software, stolen credentials, tricked employees, business partner access, unencrypted transfers, and even insider threats to penetrate networks. For customers exposed to breaches, identity theft risks skyrocket, leading to bank/credit card fraud plus medical/tax/employment fraud.

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doxo Launches doxoBILLS to Further Facilitate Consumer Billpay

Finovate

Among the new tools are all-in-one bill pay, real-time bank balance insights, credit score protection, $1 million in identity theft protection, and utility usage tracking. doxo offers its standard benefits for free, including the ability to pay any bill for free with a linked bank account. per month. .”

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Synthetic fraud undermines traditional ID theft security

Payments Source

Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools.

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LifeLock Launches New App To Help People Manage Credit Card Accounts

PYMNTS

LifeLock, the identity theft protection company, launched Monday (Oct. According to a report , the new mobile app, dubbed Identity, aims to give consumers one place where they can view all of their online accounts of different credit cards and update those accounts when there is new information, such as a new address or phone number.

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New Report: How Behavioral Analytics Help FIs Block Fraud At The ITM

PYMNTS

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. This reduces the success rate of fraudsters asking for money to be transferred to their own accounts by claiming to be somebody else.

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