VISTA InfoSec

MAY 23, 2024

This guide addresses both preventive and mitigative actions. These storage resources can be compromised and lead to data leaks similar to the unsecure S3 bucket of THSuite reported in 2020. Threat actors can compromise these and render passwords and other secrets useless.

Compromise 288

Compromise Database Best Practices Shutdown 288

Fintech News

JANUARY 9, 2025

For example, the observer node feature implemented during the PoC allowed Bank Indonesia to monitor transactions without compromising participants’ confidentiality. By incorporating iterative feedback from stakeholders, Bank Indonesia ensured the digital Rupiah remained relevant and effective in addressing real-world challenges.

Distributed Ledger Technology (DLT) 127

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 127

PYMNTS

NOVEMBER 30, 2020

The SEC put out various alerts over the entirety of the pandemic on the danger of the attacks, warning various sizes of businesses about ransomware attacks affecting broker dealers and investment advisors as well as credential compromises taking peoples' login information and exposing private information.

Business Email Compromise 116

Business Email Compromise Addressing Scams Ransomware 116

The Payments Association

DECEMBER 9, 2024

However, as payment services rely more heavily on these AI technologies, they face a growing challenge: how to harness the power of LLMs without compromising data privacy. Payment data is inherently vulnerable because its compromise can have significant financial and personal consequences for consumers. billion euros in fines.

Privacy 88

Privacy Payment Security AI Security 88

FloQast

APRIL 30, 2024

Audit Report Deficiency : Inadequate audit reports compromise data integrity and operational efficiency, making it challenging to demonstrate compliance to external auditors. Conclusion: A Call to Action The challenges outlined above underscore the urgent need for organizations to address the pressures facing their compliance programs.

Compliance 105

Compliance Addressing Audit Risk 105

VISTA InfoSec

MARCH 13, 2025

4.0 , was released on March 31, 2022, introducing enhanced security measures to address evolving cyber threats. million accounts were leaked witnessing a 388% increase in compromised user accounts. Maintaining an information security policy: Establishing a documented security strategy. The latest version PCI DSS v.4.0

PCI DSS 165

PCI DSS Data Breach Breach Compliance 165

The Payments Association

APRIL 23, 2025

To address the money mule problem, organisations must combine elements of fraud prevention, cyber threat intelligence, and anti-money laundering capabilities. Is AML a real-time problem? The answer seems to be no at first glance.

AML 88

AML Suspicious Activity Report (SAR) Addressing Fraud Prevention 88

The Fintech Times

MARCH 28, 2025

TreviPay , the B2B payments and invoicing network, has launched advanced purchase controls to address pain points in the B2B purchasing process for its clients. ” The post TreviPay Unveils Advanced Purchase Controls to Enhance B2B Commerce Experiences appeared first on The Fintech Times.

B2B 64

B2B Reconciliation Duplicate Compromise 64

PYMNTS

JULY 27, 2020

In a recent conversation with PYMNTS, Pajkovic explored how open banking has, and hasn’t, addressed some of the biggest hurdles innovators need to overcome in order to launch. Biggest Hurdles. The capabilities are there, but utilization has not reached the levels that we expected.”

Compromise 74

Compromise Compliance FinTech Due Diligence 74

Fintech News

APRIL 28, 2025

The product aims to address long-standing challenges in crypto use, including the complexities of managing private keys and the historical risk of losing digital assets due to forgotten credentials.

Web 3.0 67

Web 3.0 Stablecoins Money Laundering Payments 67

Fintech News

FEBRUARY 2, 2025

By addressing the opportunities and challenges posed by these innovations, Pathway 2035 sparks the dialogue for progress without compromising security or trust. Origins and Collaborative Development Pathway 2035 builds on the BIS working paper Finternet: The Financial System for the Future , co-authored by A.

Innovation 132

Innovation Finance AI Encryption 132

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

Fintech News

OCTOBER 21, 2024

Tookitaki’s platform, FinCense, uses AI to help institutions detect and address financial crime more effectively. Both platforms utilise federated learning, allowing for shared insights without compromising data privacy.

Financial Crimes 137

Financial Crimes Security Crime Cross-Border Payments 137

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

VISTA InfoSec

JUNE 27, 2024

Upon investigation, it was revealed that personal information such as student names, addresses, dates of birth, and potentially other sensitive details had been compromised. are expected to provide updates on their efforts to address the breach and safeguard student data. As the situation unfolds, LAUSD and Snowflake Inc.

FBI 130

FBI Breach MFA Cybersecurity 130

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Regularly patch and update software to address known vulnerabilities. SWIFT CSCF v2024 key objectives and principles Below are the 3 key objectives and 7 principles, as defined in the updated SWIFT CSP framework.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

VISTA InfoSec

OCTOBER 21, 2024

2) Hierarchical Deterministic (HD) Wallets HD wallets protect your coins by generating a new public address for each transaction. The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Blockchain 162

The Payments Association

MAY 28, 2025

By eliminating repeated credential input and enabling genuinely secure one-click transactions, it simultaneously addresses both the safety concerns and speed demands of modern consumers. Even if a database containing tokens were compromised, the tokens themselves would be useless outside their designated environments.

Credential 88

Credential Payments Issuers Visa 88

PYMNTS

FEBRUARY 1, 2021

40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. Cybercriminals are using the tactic to steal company credentials, including executive email addresses, which are then sold on the dark web.

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Compromise 98

Compromise Debit Card Scams Smishing 98

VISTA InfoSec

JUNE 7, 2024

Implicit trust and the abundance of vulnerabilities in outdated security systems can lead to exposed IP addresses, the proliferation of spyware and other malware, and other security risks. However, working predominantly or even exclusively through the internet also poses copious security risks to both individuals and companies.

Micro-Entry 162

Micro-Entry Data Breach Breach Cybersecurity 162

Stax

JANUARY 23, 2025

Speed vs. accuracy: Streamlining processes without compromising due diligence. Addressing historical issues: Merchants with past chargebacks, disputes, or poor credit histories may struggle to gain approval and need to demonstrate improvements. These tools can provide detailed insights into merchant behavior and risk levels.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Trade Credit & Liquidity Management

JUNE 2, 2025

Understanding these perspectives helps you identify and address any misconceptions, paving the way for smoother collaboration. Advance notice allows sales to address problems early and maintain customer trust. Look for ways to adapt procedures to support sales without compromising risk standards. Is this post helpful?

Liquidity Management 52

Liquidity Management Risk Mitigation Risk Assessments 52

PYMNTS

JANUARY 14, 2020

But for many service providers, achieving one can often mean compromising the other. But cloud migrations are often complex, particularly when it comes to remaining compliant with the mounting regulatory initiatives designed to address growing security risks in the financial services arena. Greater Security Without Compromising UX.

Security 101

Security PCI DSS Compromise Service Provider 101

PYMNTS

FEBRUARY 12, 2020

As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses. billion (or slightly over half) of all losses tracked in 2019.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

VISTA InfoSec

JULY 29, 2024

2) Hierarchical Deterministic (HD) Wallets HD wallets protect your coins by generating a new public address for each transaction.Thiscan make it more difficult for hackers to trace transactionsbackto you. Recoveryis often facilitatedthrough mnemonic phrases or backup seeds that you can use to restore access to the wallet.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

The Payments Association

JUNE 3, 2025

While still central to security, modern tokenisation addresses broader demands: interoperability across platforms, reduced operational costs, and improved customer experience. The necessity of tokenisation in digital payments The traditional view of tokenisation as a fraud mitigation tool is outdated.

Security 88

Security Payment APIs and Integration Payment Security Credential 88

Fintech News

OCTOBER 15, 2024

Over the last three months, Sumsub’s technology has helped HashKey address onboarding delays by automating its verification procedures for its 600,000 registered users. This has allowed HashKey to enhance its user verification process without compromising on regulatory requirements.

Verification 113

Verification Fraud Detection Money Laundering Compliance 113

Fintech News

MARCH 21, 2024

The integration addresses the escalating demand for secure cashless transactions in Japan and beyond. SEON’s scalable solution mitigates fraud attempts without compromising the speed and ease of PayLabo’s payment processes. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 113

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 113

The Payments Association

MAY 15, 2025

Addressing the problems of high fees, slow transfers, and complex processes in global money movement, TransferGo’s multi-currency business accounts feature Griffin-powered GBP wallets to ensure customer funds are safeguarded. These accounts come with FSCS protection of up to 85,000 of eligible deposits per depositor.

Multi-Currency 88

Multi-Currency Accounts IBAN Compromise 88

PYMNTS

JUNE 24, 2020

Twitter apologized to business clients after a recent breach potentially left some phone numbers, email addresses and partial credit card numbers exposed. The company said there was no way to tell exactly how many had been affected, but it seemed billing data had not been compromised. PYMNTS reported that around one in 10 U.K.

Breach 115

Breach Data Breach Law Enforcement Database 115

Fintech Review

APRIL 20, 2025

Key Technologies in Cybertech The landscape includes a wide range of solutions, each addressing a different part of the threat environment. It allows them to scale rapidly without compromising security. New features can be launched with confidence that systems will remain secure. In short, cybertech makes digital finance possible.

Finance 59

Finance Security Fraud Detection Encryption 59

Neopay

APRIL 10, 2025

A Revolut representative said: Revolut Bank UAB is committed to the highest standards of regulatory compliance and cooperated with the Bank of Lithuania in taking immediate action to address the procedural deficiencies. The fine of 3.5

Central Bank 52

Central Bank Money Laundering AML Financial Crimes 52

VISTA InfoSec

SEPTEMBER 5, 2024

In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. These tactics can have destructive effects on an organization, leading not only to financial losses but also to a compromise of client trust and brand reputation.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. These tactics can have destructive effects on an organization, leading not only to financial losses but also to a compromise of client trust and brand reputation.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Regularly patch and update software to address known vulnerabilities. SWIFT CSCF v2024 key objectives and principles Below are the 3 key objectives and 7 principles, as defined in the updated SWIFT CSP framework.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

Segpay

NOVEMBER 20, 2024

However, pressing concerns about privacy and fraud by cybercriminal networks must be addressed. This multi-modal approach ensures that even if one fingerprint is compromised, the system is still secure. These systems provide an added layer of security, ensuring that even if one method is compromised, the others stay intact.

Security 98

Security Technology Privacy Compromise 98