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

Fintech News

The technology is enabling large scale impersonation scams, including executive-level business email compromise (BEC) attacks and misinformation campaigns. India is experiencing a rise in deepfake identity fraud, with cases surging by 550% since 2019. Losses are projected to reach INR 700 billion (US$8.3 billion) in 2024 alone.

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

VISTA InfoSec

A brief introduction to PCI DSS PCI DSS is a global data security framework that protects businesses handling cardholder data (CHD) from data breaches, fraud, and identity theft. million accounts were leaked witnessing a 388% increase in compromised user accounts. The latest version PCI DSS v.4.0

PCI DSS 165
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Cybertech: Securing the Foundations of Finance

Fintech Review

It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption. 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.

Finance 59
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The platform risk paradox: Managing digital commerce fraud at scale

The Payments Association

Key changes could include embedding platform-wide risk analytics, adopting real-time authentication, aligning their fraud strategies along business goals, and embracing transparency through AI. This highlights the opportunity for smarter systems to deliver both trust and throughput, without compromising either.

Risk 88
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Understanding POS Security: Protecting Your Business and Customer Data

VISTA InfoSec

According to the Identity Theft Resource Center’s (ITRC) 2023 Business Impact Report , 73% of small business owners in the US reported a cyber-attack within the previous year, underlining the growing popularity of small businesses as a target among malicious actors.

PCI DSS 277
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Digital Identity Verification 

Segpay

The Importance of Reliable Digital Identity Verification In a digital world, ID verification is a trust-building mechanism that protects both the user and the organization. Digital identity verification solutions speed up and make the onboarding process much more efficient.

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Scammers Leveraging ChatGPT to Commit Identity Theft: Is Better Data the Solution?

Fi911

She emphasized the need for businesses to put layered solutions in place to verify and authenticate any data being introduced into their systems. Balance is Needed It is vital for businesses and financial institutions to calibrate the equilibrium between user authentication and transaction friction. appeared first on fi911blog.