Remove Authentication Remove Blocks Remove Multifactor Authentication
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Combating ATOs With Multifactor Authentication, Behaviors Analysis And Customer Education

PYMNTS

Financial institutions (FIs) thus need to ensure they can successfully block ATOs as well as quickly detect and mitigate any that slip through. FIs can adopt more robust login approaches to make it less likely that bad actors can obtain the necessary information to pass authentication checks. Customer-Centric Authentication.

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Zelle: The Role Of AI In Stopping COVID-Related P2P Payment Scams

PYMNTS

The October Preventing Financial Crimes Playbook explores the latest financial crime developments, including the growing threat of P2P payment app fraud, evolving customer attitudes surrounding multifactor authentication and biometrics, and recent successes in fraud prevention in the United Kingdom. billion) in attacks.

Zelle 89
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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.

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Deploying A Multilayered Fraud Prevention System During The COVID-19 Pandemic

PYMNTS

These financial crimes are perpetrated using various techniques, and no one-size-fits-all defense can block them all. We have to make sure that we’re identifying those [phishing websites] and either blocking our employees’ access to those sites or educating customers to not visit them,” Gould said. “We

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Adversary-in-the-middle fraud: A growing concern for payments providers in 2025

The Payments Association

As AiTM fraud rises, businesses must adopt multi-layered security, biometric authentication, and user education to stay ahead of evolving threats. When the victim enters their credentials, the attacker captures these details and may steal session cookies to bypass multifactor authentication (MFA).