VISTA InfoSec

JUNE 18, 2024

Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching. These obsolete programs lack ongoing network security updates, making them low-hanging fruit for breaches.

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Data Security Security Encryption Cybersecurity 266

VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. What Is Multi-Factor Authentication? Let’s start with another simple definition – multi-factor authentication is any authentication method where more than one criterion has to be satisfied before access is granted to digital assets.

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Authentication MFA Cybersecurity Credential 130

Fintech Finance

MARCH 10, 2025

Upon tapping, a unique one-time code validated by Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials and offering a significantly faster and more secure alternative to traditional methods. This significantly improves the customer experience.

Digital Payments 92

Digital Payments Security Payments Credential 92

The Fintech Times

MARCH 10, 2025

Upon tapping, a unique one-time code is validated by Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials and offering a significantly faster and more secure alternative to traditional methods. This significantly improves the customer experience.

Digital Payments 69

Digital Payments Security Credential CHIPS 69

PYMNTS

AUGUST 16, 2019

The suit claims that [24]7 waited over five months to tell the airline about the breach instead of immediately informing it. The airline claims that 24[7] fell short of implementing basic security controls like forbidding workers from using the same login credentials or requiring multifactor authentication for employees accessing source code.

Data Breach 84

Data Breach Breach Multifactor Authentication Credential 84

VISTA InfoSec

JUNE 3, 2024

According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords. Credential stuffing , a form of cyberattack where attackers use stolen credentials to gain unauthorized access to user accounts, highlights the need for strong password policies. Here are the essential components: 1.

MFA 130

MFA Credential PCI DSS Compliance 130

VISTA InfoSec

JUNE 27, 2024

In a recent development that has raised concerns across the education sector, Los Angeles Unified School District (LAUSD) has confirmed a significant data breach involving student information. Conclusion The ramifications of this breach extend beyond immediate security concerns. As the situation unfolds, LAUSD and Snowflake Inc.

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FBI Breach MFA Cybersecurity 130

PYMNTS

JANUARY 18, 2019

The largest public data breach ever has been discovered, according to Gizmodo. The breach is just one data batch of at least six more, collected by someone trying to sell the stolen info, which amounts to almost 1 terabyte of stolen information. In his blog , Hunt talked about how he discovered the breach. billion combos.

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Data Breach Breach Credential Compromise 63

Fintech Finance

NOVEMBER 6, 2024

As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day.

Visa 98

Visa APACS Transactions Authentication 98

Fintech News

MAY 1, 2025

Data from Verizon Businesss 2025 Data Breach Investigations Report reveal that system intrusion has risen considerably over the past four years, escalating to become the dominant threat pattern across APAC. In 2024, these attacks accounted for 20% of breaches in APAC, marking a 49-point decline from 69% back in 2020.

APACS 87

APACS Data Breach Breach Ransomware 87

PYMNTS

DECEMBER 4, 2018

We must give credit to the criminals who engineered the recently disclosed data breach that could end up impacting some 500 million guests of Marriott International. Breach Aftermath. Here’s the challenge: Consumers are almost certainly becoming numb to these types of breaches, secure in the knowledge that banks will have their backs.

Breach 68

Breach Data Breach Authentication Database 68

PYMNTS

FEBRUARY 14, 2019

One need only scan the headlines of recent breaches to see the damage done, with hundreds of millions of individuals’ data compromised, and untold billions of dollars’ worth of financial havoc wreaked. Online authentication is only as good as its weakest link. Flash texts requesting authentication ask for PINs.

Authentication 60

Authentication Transactions Online and Mobile Banking Credential 60

Payments Source

JULY 9, 2018

All service providers, even those with a strong security posture, are only as secure as the Home Depots, LinkedIns and Equifaxes of the world, argues George Avetisov, chief executive of HYPR.

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Data Breach Credential Breach Service Provider 67

PYMNTS

OCTOBER 19, 2017

In an era of nearly constant data breaches, securing commerce is now everyone’s concern. ” Nelsen told Webster that even Visa’s largest partners face a 12-month run time – end-to-end – to deploy a new authentication technology that replaces static passwords. And for good reason. Removing The Burden.

Authentication 58

Authentication Payment APIs and Integration Credential Use Case 58

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.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

Braintree

AUGUST 26, 2019

Braintree has supported SMS and authenticator app two-factor authentication in the Control Panel since 2015. Two-factor authentication is a crucial tool for helping protect merchants from unauthorized account access, typically by requiring a time-sensitive code during sign in.

Authentication 52

Authentication Phishing Account Takeovers Breach 52

Fintech News

JANUARY 17, 2024

These measures encompass additional customer authentication, cross-border transfer limit reviews, session management controls, and establishing a bank-to-bank information-sharing platform to safeguard the financial sector from evolving threats. Digital mule networks exploit this, testing stolen credentials across various banks.

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Deepfake APACS Scams Authentication 125

PYMNTS

JUNE 29, 2020

Open banking comes with security risks, however, as a hacker that manages to breach an open banking API can hijack all of the apps that harness this interface to gather data. The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems.

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MFA Risk Security API 96

Fintech Review

NOVEMBER 28, 2024

Unlike traditional PINs or passwords, sAxess utilizes fingerprint authentication and other biometrics to ensure that only authorized individuals can access sensitive data. Amidst rising regulatory pressures such as GDPR and high-profile breaches affecting millions globally, companies are searching for reliable solutions for data protection.

Security 52

Security Transactions Privacy Data Security 52

PYMNTS

APRIL 6, 2017

Unfortunately, many of the most significant and dangerous data breaches in recent years have been because of issues around passwords and logins. During a recent webinar hosted by PYMNTS on this very topic, everyone agreed that there needs to be an effort made to solve the identity verification/authentication problem.

Authentication 48

Authentication Verification Credential Identity Theft 48

PYMNTS

APRIL 26, 2016

While the outlet attests that a number of the users identified therein (which TechCrunch contacted directly) are alleging breach, Spotify states otherwise. When we find Spotify credentials, we first verify that they are authentic, and if they are, we immediately notify affected users to change their passwords.”

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Breach Security Credential Compromise 40

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

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Data Breach Best Practices Breach Phishing 52

PYMNTS

JANUARY 27, 2020

Businesses have good reason to be concerned about data breaches. Cybercriminals’ accomplishments come at the expense of targeted businesses, with a recent study finding that individual data breaches cost firms around the globe an average of $3.92 Two-factor authentication (2FA) or encrypting sensitive data can also help.

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Phishing Data Breach Breach Fraud Prevention 99

Fintech News

JUNE 10, 2024

Akira affiliates gain initial access by exploiting vulnerabilities, brute-forcing services like Remote Desktop Protocol (RDP), social engineering, and using compromised credentials. Organisations are advised to enforce strong password policies and implement multi-factor authentication to prevent unauthorised access.

Ransomware 107

Ransomware Authorization Phishing Cybersecurity 107

PYMNTS

JULY 13, 2020

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. This is a serious problem, as ATOs reportedly led to $4 billion worth of losses in 2018.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

FEBRUARY 8, 2019

IBM data said the average cost of a data breach is $3.86 Plus, professionals will often use paper or spreadsheets to keep track of those login credentials. The reliance on passwords means those credentials become more of a security liability than protector, as cyberattackers attempt to infiltrate enterprise systems.

Phishing 66

Phishing Payment APIs and Integration Credential MFA 66

PYMNTS

JANUARY 27, 2021

This type of fraud is often deployed in tandem with various forms of identity fraud, with bad actors typically tapping bot networks to test stolen credentials en masse. How Authentication Prevents Fraud. Lackluster customer onboarding authentication is one of the weakest points in most banks’ anti-fraud security systems.

Innovation 85

Innovation Security Bots Identity Theft 85

PYMNTS

JULY 9, 2018

Timehop , the mobile app that gathers photos from social media, disclosed on Monday (July 9) that it was the subject of a data breach. In a blog post, the company said that on July 4 it experienced a network intrusion that led to a breach of some of its customers’ data.

Data Breach 40

Data Breach Breach Multifactor Authentication Credential 40

PYMNTS

SEPTEMBER 14, 2018

carriers creating a single sign-on service that would serve as the login credentials for all the apps on a mobile device. The technology can authenticate logins by using two-factor authentication to confirm a user’s identity. These networks already provide second-factor authentication via SMS messaging.

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Authentication Data Breach User Authentication Credential 65

PYMNTS

JUNE 12, 2019

Compromised credentials are one of the most common causes of security breaches. The technology is FIDO2 compliant, which means that it’s a secure and accommodating standard that lets different devices using different operating systems talk to each other for authentication. “On

Authentication 49

Authentication Bots Phishing Credential 49

PYMNTS

MAY 24, 2017

According to recent research , 71 percent of breaches occur using passwords that were either weak enough to be cracked by bad actors or stolen from an usually unwitting human via a phishing scam. Already, consumers are telling researchers that they prefer new authentication methods to these more traditional, familiar verification practices.

Authentication 40

Authentication Credential Ransomware Phishing 40

PYMNTS

MAY 5, 2017

It’s been a big week in the broader cybersecurity realm, starting with a data breach of Sabre Corporation’s hospitality unit. The growth in digital payment fraud comes as activity has moved away from card-present transactions in an ecosystem protected by EMV authentication standards.

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Breach Business Email Compromise Data Breach Cybersecurity 45

PYMNTS

JANUARY 29, 2018

That should make the job of a mobile wallet less about eliminating friction at checkout, at the end of the shopping experience, and more about authenticating that consumer and her account credentials at the beginning of her shopping journey. There’s a very good reason for that: The identity credentials of nearly every adult in the U.S.

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Online and Mobile Banking Credential Breach Authentication 67

PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. Data breaches, botnet attacks and other forms of external threats are well-known to digital-first banks. For more on these and other digital-first banking news items, download this month’s Tracker.

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Credential Data Breach Phishing Cybersecurity 94

FICO

DECEMBER 18, 2017

In 2017 we saw massive change in the speed, creativity and magnitude of attacks — yet the industry plodded along on important issues such as timely data breach disclosures. Two-Factor Authentication Will Become Nearly Ubiquitous. The reality is, two-factor authentication is extremely effective.

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Cybersecurity Authentication Credential Ubiquitous 73

PYMNTS

OCTOBER 25, 2016

Here’s a preview: Besides all being featured at the Money20/20 2016 Conference, McDowell noted that biometrics, EMV and mobile security each share another similar element: All three potentially stand to replace password/PIN credentials, which, he said, are often more susceptible to hackers and other bad actors.

EMV 80

EMV Online and Mobile Banking Credential Chip Cards 80

PYMNTS

AUGUST 30, 2016

If that weren’t enough, its unique “thump-thump” beating sound can now also authenticate a user on a Windows PC or even pay for a purchase, thanks to wearable biometric authentication technology from a company called Nymi. What we’re working to deliver is persistent authentication,” Martin told PYMNTS.

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Authentication Credential Security Use Case 40