The Fintech Times

FEBRUARY 9, 2024

AI-enhanced attacks are on the rise, leaving many organisations’ cybersecurity unprepared for the volume of new challenges; reveals cyber protection firm, Acronis , in its latest cyber threats report. In fact, it found that AI-enhanced phishing affected 91.1 The post 91.1%

Phishing 72

Phishing AI MSPS Ransomware 72

Fintech Finance

MARCH 5, 2025

HPS , a leading global provider of payment software and solutions, and Enigma , a global leader in artificial intelligence enabled entity resolution and decision-making, today announced a strategic collaboration to deliver cutting-edge AI fraud detection models to businesses worldwide.

Fraud Detection 52

Fraud Detection AI Fraud Prevention Identity Theft 52

Payments Source

JANUARY 5, 2020

Traditional phishing attacks on email are easier for most users to spot, causing crooks to migrate to new venues, argues The ai Corporation's James Crawshaw.

Phishing 75

Phishing AI Mobile Banking ISOs 75

PYMNTS

JULY 25, 2019

billion people send around 269 billion emails every single day – this type of online communication is vulnerable to phishing attacks. Recent research indicates 30 percent of targeted attempts are made via phishing emails, and that 15 percent of victims are repeat targets. This is the area where organizations spend the most as well ($2.26

Phishing 69

Phishing Fraud Detection Automation Ransomware 69

The Fintech Times

DECEMBER 19, 2024

This strain on resources has largely come as a result of generative AI according to the report. Specifically, 62 per cent of businesses cite generative AI as a key driver behind the surge in invoice fraud according to The Rise in AP Fraud report by Basware.

Automation 59

Automation AI Fraud Prevention Deepfake 59

The Fintech Times

NOVEMBER 27, 2024

Technology has given fraudsters new life, and while many are experimenting with new methods of attack, older forms of attack such as phishing have also risen to new highs. Additionally, its infrastructure can be integrated with software wallets, hardware wallets, and AI agents.

Phishing 64

Phishing Scams Money Laundering Addressing 64

The Fintech Times

JUNE 12, 2025

According to the new report, AI-powered scams have moved beyond phishing emails to include fake Zoom calls, synthetic videos of public figures, and Trojan-laced job offers. AI has made scams faster, cheaper, and harder to detect. This report is the flagship release within that effort.

Deepfake 45

Deepfake Scams AI Phishing 45

The Fintech Times

MARCH 12, 2025

AI-generated deepfakes , synthetic identities and hyper-targeted phishing attacks are just some of the cyberthreats on the rise. At SEON , we leverage real-time device intelligence, advanced AI and transparent machine learning rules with human expertise to deliver adaptive fraud prevention.

Embedded Finance 72

Embedded Finance Finance Deepfake Payment APIs and Integration 72

The Fintech Times

FEBRUARY 14, 2025

“Using AI-driven tactics such as deepfake selfies and synthetic identities, organised fraudsters are testing traditional security measures like never before. It says future-proofing means adopting AI-driven validation and multi-layer defences to combat deepfakes, synthetic identities, and emerging threats.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

Payments Source

NOVEMBER 27, 2018

The continued trend of “spear phishing” and “catfishing” only serves to highlight the complex work required to identify genuine from fraudulent, writes Steven Goddard, product manager for risk at The ai Corporation (ai).

Phishing 68

Phishing Authentication AI Risk 68

Finextra

JUNE 23, 2025

Generative AI (GenAI) is emerging within this dynamic environment as a technology that can significantly improve efficiency, fraud detection, and customer engagement. This is where Agentic AI comes in, taking GenAI to the next level by enabling intelligent process automation.

AI 52

AI Risk Payment APIs and Integration Fraud Detection 52

Segpay

FEBRUARY 21, 2024

5 minute read In recent years, generative artificial intelligence (generative AI) has emerged as a powerful force reshaping various industries. What is Generative AI? Generative AI is an advanced artificial intelligence technology that creates text and images.

AI 105

AI Innovation Fraud Detection Encryption 105

The Payments Association

JANUARY 13, 2025

Other Channels Exploited Email services and search engines are targeted via phishing emails and fraudulent ads, redirecting victims to fake websites or impersonated organisations. Other platforms also affected: Search engines and email services are commonly used for phishing schemes and fraudulent advertisements. of total losses.

Scams 88

Scams Romance Scams Phishing Volume 88

Fintech News

JUNE 30, 2024

Developing countries in the Asia-Pacific (APAC) region are embracing generative artificial intelligence (gen AI) at a faster pace than their advanced counterparts, driven by young employees and students, a new survey by Deloitte found. Additionally, employees from developing economies were found to be more enthusiastically embracing gen AI.

AI 109

AI APACS Deepfake Economy 109

The Fintech Times

FEBRUARY 17, 2025

Welcome to Edition 59 of The Fintech Times , where we explore how AI is reshaping banking, from boosting efficiency to cutting costs. With around 60% of banks fully integrating AI, the industry faces a strategic divideprioritizing productivity or reducing expenses. Happy reading!

FinTech 59

FinTech Romance Scams Scams AI 59

Clearly Payments

DECEMBER 19, 2024

Common types include card-not-present fraud, phishing attacks, and identity theft. Look for features like tokenization, PCI compliance, and AI-powered fraud detection to protect your business and customers. Nearly three-quarters are investing in payment innovations like AI, blockchain, and real-time payments.

BNPL 105

BNPL Contactless Payments Processors Payments 105

Fintech News

JULY 9, 2024

Announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), this move aims to better protect customers from phishing scams. Phishing scams were among the top five scam types last year, with at least S$14.2

Phishing 109

Phishing Scams Online and Mobile Banking Credential 109

Fintech Finance

FEBRUARY 20, 2025

Cybercriminals are exploiting payout systems with increasing sophistication, using malware, fake identities, and AI-driven phishing attacks to target funds from survey remuneration, loyalty cash-out, incentive programs, commission earnings, and class action settlements.

PCI DSS 86

PCI DSS Security Payment APIs and Integration MFA 86

FICO

NOVEMBER 30, 2016

In my recent blog, “Real talk: The imminent and very real danger of IoT,” I wrote: Due to lack of security features, creating an IoT botnet is a great deal easier than phishing users to compromise PCs. Will the AI hype cycle crash? We should also be wary of irresponsible use of AI. I think the answer is “yes.” Cheers to 2017!

AI 108

AI Compromise Risk Assessment Assessments 108

Fintech News

MARCH 24, 2025

Furthermore, 62% of businesses are using artificial intelligence (AI) to help prevent fraudulent transactions in their stores. Phishing Phishing is one of the most common scam tactics in Singapore. In 2024, phishing scams were the third most concerning type of scam in Singapore. Victims lost a total of S$59.4

Phishing 52

Phishing Scams Payments Online and Mobile Banking 52

The Fintech Times

JULY 10, 2024

This decision aims to fortify the defence against phishing scams, a persistent threat in the digital banking landscape. Despite their benefits in reducing unauthorised access, OTPs have become increasingly vulnerable to sophisticated phishing techniques, where scammers create fake websites to trick users into revealing their OTPs.

Phishing 59

Phishing Scams Authentication Financial Crimes 59

PYMNTS

APRIL 21, 2020

consumers have been targeted by fraud attempts related to the virus, such as phishing emails claiming to be guidance on how to avoid infection that actually contain malware. AI-based cybersecurity systems could be the answer to balancing security and seamlessness, but fraud prevention experts are raising questions about their effectiveness.

AI 84

AI Fraud Prevention Cybersecurity Phishing 84

The Payments Association

NOVEMBER 20, 2024

The good news is that innovations in the AI space are making chargeback prevention a much more manageable prospect. Why are AI tools especially effective at fighting fraud? AI isn’t just a buzzword in cybersecurity. First, AI tools have much higher throughput than manual or non-software-based detection methods.

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

The Payments Association

JUNE 11, 2025

A shift toward AI-driven, integrated fraud management systems aligned with tightening UK regulations. Technology is evolving—But not a silver bullet AI-powered defences are advancing rapidly, from intent-based detection to behavioural biometrics. Generative AI and biometrics, including behavioural biometrics, offer massive potential.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

PYMNTS

NOVEMBER 14, 2019

That’s where applied artificial intelligence (AI), such as machine learning, comes in. AI has become an essential tool for Visa in identifying the needle in the haystack: the attempted piece of malware or malicious code buried among the billions of normal events. But finding the signal in this noisy data is a challenge.

AI 84

AI Transactions Phishing Cybersecurity 84

The Payments Association

APRIL 22, 2025

Other Channels Exploited Email services and search engines are targeted via phishing emails and fraudulent ads, redirecting victims to fake websites or impersonated organisations. Other platforms also affected: Search engines and email services are commonly used for phishing schemes and fraudulent advertisements. of total losses.

Scams 88

Scams Romance Scams Crime Online and Mobile Banking 88

The Fintech Times

AUGUST 14, 2024

Generative AI, when used correctly, can be a great tool that aids innovation. A new survey from iProov , the biometric solutions provider, has revealed the attitudes on the threat of generative AI and deepfakes across the UK, US, Brazil, Australia, New Zealand and Singapore. AI: friend or foe?

Deepfake 75

Deepfake AI Phishing Ransomware 75

The Fintech Times

AUGUST 13, 2024

Identifying fraud in the age of artificial intelligence (AI) is much harder than it ever has been before. Fraudsters are more cunning and deceiving, taking advantage of those who either do not know or refuse to acknowledge the power of AI. What are some AI fraud trends we’re seeing in Latin America?

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

Fintech News

JUNE 6, 2024

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). Losses exceeded S$13 million (US$9.59

Scams 109

Scams Phishing Deepfake Verification 109

ACI Worldwide Blog

NOVEMBER 5, 2024

The rise of artificial intelligence (AI) has brought about significant advancements across various sectors, including fraud. New and more complex cybersecurity threats have emerged, leading to phishing, vishing, account takeovers (ATO), synthetic identity fraud, and more.

AI 52

AI Account Takeovers Phishing Cybersecurity 52

The Fintech Times

DECEMBER 22, 2023

These variants are distributed through various channels, including email attachments, compromised websites, and phishing attempts. When it comes to new threat detection and classification, real-time AI capabilities can be game-changing. Cleafy’s AI technology was trained on eight years of malware telemetry data.

AI 88

AI Cybersecurity Online and Mobile Banking Fraud Prevention 88

Fintech News

SEPTEMBER 17, 2024

Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams.

Verification 113

Verification Scams Phishing Financial Crimes 113

PYMNTS

SEPTEMBER 19, 2016

19), Jigsaw will soon release a set of tools called Conversation AI — software that will use machine learning to automatically identify abusive or harassing language. Jigsaw engineers said the accuracy of the AI technology is better than any team of human moderators or keyword filters. “I As Wired reported on Monday (Sept.

AI 72

AI Wire Wires Phishing 72

Fintech Review

JANUARY 21, 2025

Cybersecurity has become a critical challenge, and artificial intelligence (AI) is emerging as a transformative solution. We explore the role of AI in enhancing cybersecurity within fintech, highlighting its capabilities, limitations, and potential future applications. AI is a game-changer in combating financial fraud.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

Fintech Review

APRIL 20, 2025

The risks range from phishing and account takeovers to ransomware and insider threats. It ensures trust in the system, reduces downtime, and meets increasingly strict regulatory standards. Why Finance Needs It Financial institutions are frequent targets for cybercrime. Attackers pursue data, funds, and access to infrastructure.

Finance 59

Finance Security Fraud Detection Encryption 59

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. Take company-wide training to identify phishing attacks for example.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

SEPTEMBER 24, 2018

Usually following a data breach, these attacks rely on phishing or other schemes to steal a business’ or individual’s account information — including address, name and payment details — to make a purchase. An AI-Assisted Approach. Account takeovers have skyrocketed in recent months, as a flood of consumer records have hit the dark web.

AI 78

AI Account Takeovers Data Breach Cybersecurity 78