Payments Source

FEBRUARY 21, 2021

Without additional security measures, hackers can compromise multifactor authentication and wreak havoc on financial institutions and their customers.

Multifactor Authentication 90

Multifactor Authentication Authentication Compromise Security 90

Fintech Finance

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. This goes beyond current methods of managing sensitive information for individuals and organizations, ensuring data recovery without compromising privacy. “We

Security 116

Security Transactions NFTs Blockchain 116

PYMNTS

APRIL 14, 2020

With the business email compromise (BEC) phishing attack a continuously growing threat for businesses large and small, organizations are exploring how strategic cybersecurity investments can protect them when bad actors attempt to steal company cash or redirect business payments.

Email Compromise 96

Email Compromise Compromise Business Email Compromise Phishing 96

PYMNTS

DECEMBER 22, 2020

Facebook has upgraded security since widespread public allegations that the platform was compromised by individuals and entities seeking to influence the outcome of the 2016 presidential election, Axios reported. elections in 2020 used two-factor authentication to protect their Facebook accounts, Axios reported.

Authentication 94

Authentication Accounts Compromise Security 94

Fintech Finance

MARCH 10, 2025

Bringing enhanced security and convenience, Tap-to-Add Card eliminates the cumbersome process of manual entry, a common source of errors and a vulnerability exploited by fraudsters seeking to compromise sensitive card information.

Digital Payments 92

Digital Payments Security Payments Credential 92

The Payments Association

DECEMBER 9, 2024

However, as payment services rely more heavily on these AI technologies, they face a growing challenge: how to harness the power of LLMs without compromising data privacy. Payment data is inherently vulnerable because its compromise can have significant financial and personal consequences for consumers.

Privacy 88

Privacy Payment Security AI Security 88

Stax

AUGUST 20, 2024

One solution to counter this problem is 3D Secure Authentication. This article will discuss what 3D Secure Authentication is and how the 3DS authentication process works. We will also examine the benefits of using 3D Secure Authentication for merchants and provide some tips on implementing it at online checkout.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

VISTA InfoSec

JUNE 18, 2024

In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). Even if passwords are compromised, those extra identity checkpoints block illicit access attempts. A single compromised login could damage your entire network. Also, apply need-to-know restrictions.

Data Security 266

Data Security Security Encryption Cybersecurity 266

The Fintech Times

JUNE 28, 2025

By implementing boost.ai’s solution, Jack Henry hopes to automate user authentication, among other repetitive tasks, freeing up valuable time for human agents. Jack Henry, which serves around 7,500 banks and credit unions, says this problem is further exacerbated by the need to scale this solution across thousands of live use cases.

Volume 64

Volume Automation AI User Authentication 64

VISTA InfoSec

OCTOBER 21, 2024

Whichever cryptocurrencies you’re trading in, make sure to look for these security features in your next crypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password. This can make it more difficult for hackers to trace transactions back to you.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Compromise 162

The Fintech Times

MARCH 10, 2025

By launching the solution, which removes the need for manual entry – a common source of errors and a vulnerability exploited by fraudsters seeking to compromise sensitive card information – Visa aims to promote the use of digital wallets in Egypt while also bolstering security in the region.

Digital Payments 69

Digital Payments Security Credential CHIPS 69

The Payments Association

MAY 28, 2025

Manual card entry, inconsistent authentication requirements and consumer hesitancy about storing payment information often create a labyrinthine checkout process. Mastercard has boldly committed to eliminating manual card entry and password authentication in e-commerce entirely by 2030.

Credential 88

Credential Payments Issuers Visa 88

VISTA InfoSec

JULY 19, 2024

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. Each TPM chip has a unique RSA key that’s embedded into it during production, which can be used for device authentication.

Cybersecurity 264

Cybersecurity Encryption Fraud Detection CHIPS 264

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

PYMNTS

APRIL 12, 2019

MYOB Country Manager Ingrid Cronin-Knight announced the company’s effort to encourage lawmakers to require two-factor authentication within the financial services space, pointing to the rise in small business cyberattacks that have affected as many as 150,000 businesses in the country.

Authentication 64

Authentication Small Business Compromise Legal 64

Finextra

JULY 1, 2025

Traditional authentication methods rely heavily on static passwords and one-time codes, which can be easily compromised. Unlike traditional authentication methods, this approach goes beyond simple device recognition, incorporating sophisticated behavioral analysis. First, it verifies the devices trusted status.

Account Takeovers 52

Account Takeovers Authentication Stablecoins Fraud Prevention 52

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

The Fintech Times

JANUARY 20, 2025

Additionally, it was created to ensure compliance with regulatory requirements like strong customer authentication (SCA). Enhanced security without compromise: Flexible two-factor authentication methods align with regulatory requirements like SCA while maintaining a smooth user experience for customers. ” EMV 3DS 2.3.1.1

EMV 59

EMV Payment APIs and Integration Authentication Processors 59

PYMNTS

NOVEMBER 17, 2020

But, as three banking security experts told Karen Webster, that same trillion-dollar loss represents a significant authentication opportunity for financial institutions (FIs) if they leverage risk-based authentication and behavioral analytics to help shape and safeguard the great digital shift. Deputizing The Consumer.

Authentication 78

Authentication Online and Mobile Banking Mobile Banking Financial Crimes 78

VISTA InfoSec

JULY 29, 2024

Whichever cryptocurrenciesyouretrading in, make sure to look for these security features in yournextcrypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password. Fortunately, most wallet developers take malicious actors seriously.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

Fintech Finance

APRIL 28, 2025

Checkout.com , a leading global digital payments company, today announced the launch of face authentication, an AI-powered extension to its Identity Verification (IDV) solution. “ Face authentication is designed for those points in the user journey, like account recovery or re-onboarding, where friction often creeps in.

Authentication 59

Authentication Verification Deepfake Returns 59

The Fintech Times

NOVEMBER 11, 2024

This integration provides American Express customers with greater control and transparency over how they share their financial data, using secure authentication without needing to share credentials.

Security 59

Security Credential API Privacy 59

VISTA InfoSec

SEPTEMBER 5, 2024

SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data. In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data. In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information.

Security 130

Security Phishing Ransomware Risk Assessment 130

Finovate

OCTOBER 10, 2024

ANNA, a small business banking and tax app for SMEs, has implemented biometric re-authentication strategies to fight fraud. The new re-authentication procedures are designed to help combat the threat of Authorized Push Payment (APP) fraud. to deploy biometric re-authentication strategies to fight financial crime.

Authentication 59

Authentication Procedures Push-to-Card Online and Mobile Banking 59

PYMNTS

JULY 22, 2020

When it comes to promoting a positive end-user experience without compromising security and accuracy, losing balance could mean the difference between successfully connecting the right individuals with the funds they need in real time, or dropping the ball in a very big way. There is likely a valid argument for this shortcoming, however.

Authentication 56

Authentication Direct Deposit Compromise End User 56

Fintech Review

APRIL 20, 2025

Cybertech helps mitigate these risks by securing each layer of the stack from device authentication to back-end systems. It allows them to scale rapidly without compromising security. Yet, as services move to the cloud and users expect instant access, the attack surface expands. It also enables faster, safer innovation.

Finance 59

Finance Security Fraud Detection Encryption 59

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

VISTA InfoSec

OCTOBER 21, 2024

Through malicious software, usually gained by downloading something or opening a compromised link, you’ll be faced with data loss and/or further unauthorized access to your details. Whenever possible, make sure to enable two-factor authentication, as this will add another layer of protection to your accounts.

Cybersecurity 221

Cybersecurity Encryption Scams Cryptocurrency 221

PYMNTS

AUGUST 3, 2020

Again, in a remote working environment, the threat balloons when authentication measures break down. Without the CFO right down the hall, said Anderson, it’s far more likely that an AP professional won’t take the time to authenticate a seemingly legitimate request to change supplier bank account details, for example.

B2B 131

B2B FPC Scams Email Compromise 131

PYMNTS

NOVEMBER 30, 2020

One source, writing for ZDNet, claimed to have confirmed the authenticity of at least two such accounts, although the Engadget report notes that it was unable to verify this for every victim. The accounts could also be used for blackmail, and intruders could be used to undermine email-based two-factor authentication, the Engadget report says.

Business Email Compromise 116

Business Email Compromise Addressing Scams Ransomware 116

PYMNTS

OCTOBER 15, 2020

A recent hack compromised around 2,000 Robinhood Markets accounts, suggesting the attacks were more widespread than previously realized, Bloomberg reported. But some victims said their accounts had been hacked even though they had turned on two-factor authentication.

Accounts 110

Accounts Authentication Compromise Security 110

FICO

JULY 27, 2020

As consumers, most of us still consider facial recognition the current state of the art for authentication. Here’s why it matters: Authentication is used for a lot more than unlocking your phone. To better protect these transactions from fraud, new biometric measures can now authenticate that it’s really you who’s using your phone.

Authentication 52

Authentication Online and Mobile Banking Non-Bank Enrollments 52

VISTA InfoSec

AUGUST 8, 2023

Make Strong Password Usage and Multi-Factor Authentication Necessary There has been a huge report of employee passwords being compromised or stolen due to missing devices and other factors. They should also consider changing their passwords every month or quarter to prevent compromise.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

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

JANUARY 10, 2024

However, the vulnerabilities of this solution became evident as hackers exploited and compromised the security of banking transactions that led to identity and money theft”. Together, iDenKey and iDenFace ensure a high level of convenience and security throughout the identity verification and authentication process.

AML 120

AML Money Laundering Authentication Procedures 120

The Payments Association

JUNE 3, 2025

Whether enabling Buy Now, Pay Later (BNPL) services, digital wallets, or invisible checkouts, tokenisation ensures that sensitive credentials are protected without compromising speed or user experience. As a result, tokenisation is becoming essential for maintaining trust and fluidity.

Security 88

Security Payment APIs and Integration Payment Security Credential 88