Cardfellow

APRIL 27, 2025

Required Multi-Factor Authentication (MFA) Version 4.0 of the PCI standard now requires multi-factor authentication (MFA) for any access to cardholder data. Required Multi-Factor Authentication (MFA) Version 4.0 of the PCI standard now requires multi-factor authentication (MFA) for any access to cardholder data.

PCI DSS

EBizCharge

APRIL 22, 2025

This centralization enables a 360-degree view of each account, making it easier for teams to manage relationships, track payment history, and deliver personalized service. Most providers require that you set up a merchant account, which acts as a secure intermediary to transfer funds from customer payments to your business bank account.

Payment APIs and Integration

Stax

OCTOBER 13, 2024

Small businesses in America and worldwide have to choose from a wide variety of accounting software solutions, and this range of choices can be overwhelming. Research shows that 64% of small businesses use accounting software and the market for accounting software solutions is projected to be worth $4.3billion by 2023.

Small Business

VISTA InfoSec

JUNE 19, 2024

For instance, an attacker might send an email that appears to be from a trusted video communication platform, prompting you to click on a link to verify your account or update credentials. Additionally, consider platforms with strong access controls, such as multi-factor authentication (MFA) to prevent unauthorized access.

Risk

VISTA InfoSec

JUNE 3, 2024

Credential stuffing , a form of cyberattack where attackers use stolen credentials to gain unauthorized access to user accounts, highlights the need for strong password policies. In such attacks, cybercriminals exploit weak or reused passwords to breach multiple accounts, leading to significant data breaches and financial losses.

MFA

VISTA InfoSec

JUNE 18, 2024

A crafty hacker could infiltrate accounts secured by flimsy credentials. In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). Embrace the basics—insist on a formidable device passcode that’s routinely refreshed. Steer clear of easily guessable codes like pet names or birth dates.

Data Security

PYMNTS

JUNE 29, 2020

Passwords at this point can be ineffective as 65 percent of individuals use the same passwords for multiple accounts. Any data breach that exposes one of their accounts potentially compromises every account that shares the same password. Requiring any two of these three data points is enough to protect against 99.9

MFA

PYMNTS

NOVEMBER 27, 2020

Remote onboarding has overtaken (some might say overwhelmed) banks and merchants all year long as a deluge of faceless applicants opened accounts and cards. Financial institutions (FIs) and other issuers need more assurance than they’ve been getting, however, as cyber scams founded on false identities and bogus accounts are through the roof.

Multifactor Authentication

VISTA InfoSec

DECEMBER 19, 2024

Promoting Accountability: Encouraging financial institutions to take responsibility for securing their local environments and ensuring compliance through independent SWIFT CSP assessments. Assign clear accountability for implementing and maintaining SWIFT security controls. Disable unused or unnecessary accounts promptly.

SWIFT

VISTA InfoSec

JUNE 27, 2024

The breach, linked to a hack of the district’s Snowflake account, has exposed sensitive data pertaining to students and employees enrolled in the sprawling district. The incident came to light on June 6, when LAUSD officials became aware of an account from Sp1d3r purporting to offer certain student and employee data for sale.

FBI

PYMNTS

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Why AI, MFA Are Necessary Within Call Centers .

MFA

VISTA InfoSec

OCTOBER 21, 2024

Whichever cryptocurrencies you’re trading in, make sure to look for these security features in your next crypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password. Choose one that allows you to require manual confirmations for large transactions.

Cryptocurrency

PYMNTS

NOVEMBER 13, 2020

Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses. Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords.

Multifactor Authentication

Fintech News

DECEMBER 18, 2023

MAS advises the public against rushing to use overseas third-party agents during this period and suggests utilizing alternative channels, such as banks or card networks, to avoid any inadvertent freezing of funds or accounts. In most cases, these transactions are successfully deposited into the recipients’ Chinese bank accounts.

Rules

Fi911

JANUARY 18, 2024

They subsequently gain control over existing accounts, or establish new ones without the victim’s awareness. These accounts frequently pertain to credit cards and serve as a means to make unauthorized purchases A criminal might use stolen personal information to open a bank account, for example.

Account Takeovers

PYMNTS

JUNE 8, 2020

PSD2 was designed with such risks in mind, and its Strong Customer Authentication (SCA) provision — which takes effect in participating countries throughout 2020 and 2021 — compels companies to verify users’ identities with multi-factor authentication (MFA) whenever they attempt to access user accounts or digitally send payments.

Authentication

VISTA InfoSec

JULY 29, 2024

Whichever cryptocurrenciesyouretrading in, make sure to look for these security features in yournextcrypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password. In particular, look for wallets that let you customize transaction confirmation settings.

Cryptocurrency

VISTA InfoSec

DECEMBER 19, 2024

Promoting Accountability: Encouraging financial institutions to take responsibility for securing their local environments and ensuring compliance through independent SWIFT CSP assessments. Assign clear accountability for implementing and maintaining SWIFT security controls. Disable unused or unnecessary accounts promptly.

SWIFT

PYMNTS

APRIL 17, 2020

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. … We don’t write it down even, [but] it’s all in our accounts payable [system],”. That’s why we have all the accountabilities we have.”.

Accounts

EBizCharge

SEPTEMBER 6, 2024

ince efficiency and accuracy in financial management have never been more essential, integrated accounting systems offer a streamlined approach combining various financial functions into a cohesive platform. Understanding how integrated accounting works is critical for organizations looking to optimize their financial operations.

Accounts

VISTA InfoSec

FEBRUARY 28, 2024

This is done by assigning unique identifiers and employing authentication factors (like passwords, tokens, or biometrics) to access rights and privileges associated with user, application, system, or service accounts. Changes Overall Focus Strong emphasis on eliminating shared accounts. Eliminate generic accounts (e.g.,

PCI DSS

Stax

MARCH 4, 2024

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. What is SSL/TLS? Q: What is the most secure online payment method?

PCI DSS

Seon

JANUARY 29, 2024

Having trouble protecting your user accounts? 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?

Account Takeovers

PYMNTS

NOVEMBER 16, 2020

Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones. Now you can log into an app and reset a password, or — if you already have that password — use that SIM card to get [an MFA] code. It's that easy.”.

MFA

Fintech News

MARCH 25, 2024

However, behind the scenes, the malware captures the user’s login credentials, account information, and other sensitive data entered into the fake UI. The captured information is then sent to a remote server controlled by cybercriminals.

Mobile Banking

PYMNTS

JUNE 9, 2020

Even customers who typically prefer to bank or open accounts at branches are now adopting mobile banking tools as they look for ways to quickly and easily interact with their financial institutions (FIs) while brick-and-mortar locations remain closed. . “We This included much-anticipated funds allocated under the U.S.

Online and Mobile Banking

PYMNTS

JUNE 9, 2020

SCA, MFA, All the Way. Increasingly, that work is being performed by dynamic global identity verification platforms that use strong consumer authentication (SCA) and/or multi-factor authentication (MFA) to harden the onboarding process against an army of cyberthieves exploiting pandemic disorder. percent ‘less likely to be compromised.’

AML

PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

Multifactor Authentication

PYMNTS

SEPTEMBER 5, 2019

One of the biggest changes is that call centers are moving away from knowledge-based authentication (KBA) methods like passwords and PINs and employing methods with multi-factor authentication (MFA). A majority (51 percent) of call center leaders cited the phone channel as the primary source of account takeover (ATO) attacks.

MFA

Fi911

JANUARY 31, 2024

So, before diving headfirst into implementation, institutions must consider these data security best practices: Implement multi-factor authentication (MFA) to add complexity to scammers’ attempts to gain unauthorized access to accounts.

AI

The Fintech Times

AUGUST 23, 2024

Nearly half of Mongolia’s inhabitants – about 1.452 million people – reside in the capital, Ulaanbaatar, with the wider metropolitan area accounting for approximately 1.615 million people. In 2022, the total assets within the banking sector grew by 12.3 per cent, reaching 46 trillion MNT (approximately $13.581billion).

Economy

PYMNTS

FEBRUARY 8, 2019

most common) passwords and check them against millions of accounts. ” A hacker may target an executive in the finance department with a phishing scam, someone who they know is a controller, with a higher level of access to company bank accounts or other financial data. .” How can you not do that?

Phishing

Segpay

NOVEMBER 26, 2024

Whether we are setting up a new bank account, making a purchase online, or accessing government services, confirming who we are in the virtual space is crucial to ensuring our security, the protection of our privacy, and the improvement of our user experience. fingerprint or facial recognition), and behavioral analytics (e.g.,

Verification

VISTA InfoSec

MAY 15, 2025

Operating System Privileged Account Control 1.3 Implement robust authentication mechanisms such as MFA. Below is the list of the 32 security controls with their principles. Restrict Internet Access and Protect Critical Systems from General IT Environment 1.1 SWIFT Environment Protection 1.2 Restriction of Internet Access 1.5

SWIFT

PYMNTS

OCTOBER 21, 2020

Securing P2P apps as well as other financial accounts will require banks to upgrade their security protocols and customers to take their security more seriously,” per the Playbook. Since there’s no putting the P2P genie back in the bottle, it’s up to financial institutions (FIs) to protect legitimate account holders. There were 1.4

P2P

PYMNTS

JUNE 3, 2020

The Australian government is conducting a nationwide push for APIs and open banking, meanwhile, with its regulatory body Australia Competition and Consumer Commission (ACCC) issuing licenses for organizations to access account data from the four largest banks in Australia. About The Tracker.

Real Time Payments

PYMNTS

APRIL 21, 2020

Business email compromise (BEC), B2B phishing scams, synthetic identities, fake accounts and trillions of aid dollars flooding out at a time of maximum uncertainty make this a fraudster’s paradise. More Vulnerable in AP.

Scams