Remove Authentication Remove Compromise Remove Cybersecurity
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Cyber Threats Surge in India’s Financial Sector

Fintech News

Attack vectors across the banking, financial services and insurance industry operations, Source: Digital Threat Report 2024, CERT-In, CSIRT-Fin and SISA Phishing attacks surge In H1 2024, cybersecurity firm Kaspersky recorded more than 135,000 phishing attacks targeting Indias financial sector.

Deepfake 123
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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

These updates include increased flexibility for businesses and stronger authentication requirements, ensuring better protection in todays dynamic digital landscape. million accounts were leaked witnessing a 388% increase in compromised user accounts. The latest version PCI DSS v.4.0 This is where the PCI DSS comes into play.

PCI DSS 165
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Finastra Confirms Breach Amid Hacker’s 400GB Data Theft Claim

Fintech News

The company confirmed the incident to TechCrunch following a hacker’s claim of compromising Finastra ‘s internal file-transfer platform and subsequent attempts to sell the stolen data. Currently, Finastra is unable to disclose the number of affected customers or the precise nature of the compromised data.

Breach 119
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Cybertech: Securing the Foundations of Finance

Fintech Review

This is where cybertech comes in, the application of advanced cybersecurity technologies to protect digital finance. Cybertech sits at the intersection of cybersecurity and fintech. Cybertech helps mitigate these risks by securing each layer of the stack from device authentication to back-end systems.

Finance 59
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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

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
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G-Knot Prepares Launch of Biometric Crypto Wallet Backed by Finger Vein Authentication

The Fintech Times

G-Knot is preparing to launch a flagship crypto wallet that uses finger vein biometrics for authentication, a move the company says could eliminate the need for recovery phrases and private keys. Notable breaches include Phemex , which lost $85million to a hot wallet exploit and UPCX , which lost $70million due to a compromised private key.

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The Role of PCBs in Cybersecurity

VISTA InfoSec

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. This assembly is far more important for cybersecurity than you might think. How did they come to matter in cybersecurity?