FICO

SEPTEMBER 17, 2018

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. Cosmos Bank in India recently had $13.5 Layer 2 – Authentication.

Cybersecurity

FICO

SEPTEMBER 19, 2018

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. Cosmos Bank in India recently had $13.5 Layer 2 – Authentication.

Cybersecurity

Stax

JULY 9, 2024

EFT transactions also include ATM withdrawals using debit cards with a personal identification number (PIN). Many cash-only businesses have an ATM onsite, given how ubiquitous debit cards are. Multi-factor authentication (MFA) is commonly used to verify the identity of users initiating EFT transactions.

Electronic Fund Transfer Act (EFTA)