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Cyber Threats Surge in India’s Financial Sector

Fintech News

The rise of AI The report also identifies artificial intelligence (AI) as a growing trend in the Indian cybercrime landscape. with attackers increasingly leveraging AI to make identity-based attacks more sophisticated and pervasive. The surge of deepfakes The rise of AI has also led to a surge in deepfake attacks.

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The Ultimate Guide to Salesforce Payments

EBizCharge

Salesforce also offers powerful automation tools, customizable workflows, and Artificial Intelligence (AI)-driven analytics that help businesses streamline operations, personalize customer experiences, and make data-informed decisions.

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Strengthening Cyber Defenses with Multi-Factor Authentication

VISTA InfoSec

Mutli-Factor Authentication (MFA) isn’t a new concept. However, despite this, there is still confusion surrounding the mechanism and how it adds to cyber defense. This article unravels the mysteries of MFA and how it can be used to strengthen cyber defenses. Another mechanism that is heavily relied on is MFA.

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Deep Dive: Reducing The Security Risks Of Open Banking

PYMNTS

The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems. MFA and ML systems can effectively stop current threats, but future hazards will need even more advanced systems. There were 85.42 million were aimed at the financial industry.

MFA
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Accredify Becomes Okta Ventures’ First Investment in Singapore

Fintech News

This collaboration will see Accredify integrating Okta’s advanced identity management solutions, including Single Sign-On (SSO) and Multi-Factor Authentication (MFA), to benefit its clientele. ” said Austin Arensberg, Senior Director at Okta Ventures.

MFA
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Mobile Banking Malware on the Rise Amid Rapid Adoption

Fintech News

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.

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Deep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO Problem

PYMNTS

Bad actors attempting ATOs seek to gain control of victims’ bank accounts without alerting FIs, and they therefore aim to obtain the login credentials necessary to smoothly move through FIs’ authentication measures. Some of these attacks see bots entering random words and numbers, while others involve entering common usernames and passwords.