The Fintech Times

DECEMBER 18, 2023

Today, we bring you insights from industry leaders regarding the changing dynamics of cybersecurity threats and trends in 2024. This, and other methods, will no longer be an acceptable cornerstone of a modern cybersecurity strategy. But threat actors are learning how to exploit LLMs for their own malicious purposes as well. .

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Cybersecurity Ransomware RDC Credential 139

VISTA InfoSec

APRIL 3, 2024

Big businesses carving out their place in the digital age find themselves in a constant battle against cybersecurity threats. It’s likewise impossible to overstate the importance of cybersecurity for large commercial enterprises since the stakes are very high for such organizations. Let’s get started.

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Fintech News

MAY 8, 2025

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. billion) in 2024 alone.

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Data Breach Deepfake MFA Phishing 119

VISTA InfoSec

APRIL 12, 2024

Cybersecurity is vital in today’s fast-paced digital world, where keeping your private information safe is as crucial as the technology itself. Dive into the mechanisms of proxies to fully understand how they strengthen cybersecurity defenses. Proxies are key players in this arena, not just for the tech-savvy but for everyone online.

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Cybersecurity Best Practices Encryption Blocks 130

The Finance Weekly

JUNE 7, 2022

Hack may not be the most comforting word in describing cyber security strategies, but it is nonetheless of paramount importance to defend against cybersecurity breaches. While these threats are an inevitable cancer in the age of digitization, anyone can prevent the potential crises that may emerge from cybersecurity issues.

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Cybersecurity Breach Privacy Risk Management 130

Fintech News

JANUARY 26, 2025

The shift toward digitised payments brings heightened concerns about cybersecurity, fraud, and regulatory compliance. Non-bank financial service entrants, new to the system, often lack the robust cybersecurity infrastructure necessary to combat sophisticated cyber threats. However, the rapid progress comes with challenges.

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Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 124

PYMNTS

NOVEMBER 25, 2020

The survey, which will be released in December, reports that 64 percent of executives at financial companies ranked cybersecurity as their top concern in expected budget increases. The survey found that some FIs plan to spend over $3,000 on cybersecurity per employee this year. Bloomberg received part of the survey in advance.

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Cybersecurity Credential Compromise Authentication 121

Fintech Review

JANUARY 21, 2025

Cybersecurity has become a critical challenge, and artificial intelligence (AI) is emerging as a transformative solution. We explore the role of AI in enhancing cybersecurity within fintech, highlighting its capabilities, limitations, and potential future applications. The future of AI in fintech cybersecurity is promising.

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Cybersecurity FinTech Identity Theft AI 103

Fintech News

NOVEMBER 24, 2024

Cybersecurity journalist Brian Krebs first brought the breach to public attention when a hacker, on a known cybercrime forum, offered 400 gigabytes of data allegedly plundered from Finastra. Whether multi-factor authentication was implemented on the compromised system remains unclear.

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Breach Compromise Data Breach Credential 114

VISTA InfoSec

JUNE 18, 2024

These experts are more experienced when it comes to cybersecurity. Staying current across your digital environment is essential for cybersecurity hygiene. In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). An educated workforce amplifies your cybersecurity posture exponentially.

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Data Security Security Encryption Cybersecurity 266

Fintech Review

JANUARY 30, 2025

Since January 2024, this regulatory framework has been preparing (and now requires) participants in the financial services market to be more reliable in cybersecurity. This is a matter of responsibility for the banks, payment service providers, as well as technical infrastructure operators.

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Regulations Risk Management Participant Cybersecurity 98

PYMNTS

FEBRUARY 13, 2020

So before we add another layer of authentication , we should ask, is this actually going to serve a purpose or solve our problem?”. What is necessary, said Xie, is a different, more holistic paradigm for fighting fraud – with a broad goal of not adding more authentication steps, but fewer. The Zero-Authentication Future.

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Authentication Bots Identity Theft Mitigation 98

Fintech Review

APRIL 20, 2025

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.

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Finance Security Fraud Detection Encryption 59

VISTA InfoSec

DECEMBER 19, 2024

But as digital thieves and cyberattacks became more sophisticated targeting the financial sector, it led to the rise of cyber security cases which is why SWIFT introduced the SWIFT Customer Security Programme (CSP), a set of cybersecurity requirements designed to protect the global financial ecosystem.

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SWIFT Cybersecurity PCI DSS Compliance 173

PYMNTS

NOVEMBER 30, 2018

The collaboration will enable PNC users to access GIACT’s real-time fraud prevention capabilities, including transaction authentication and verification, to ensure that transferred funds reach their destinations. Temenos, PNC and GIACT are part of a growing majority of companies investing in AI and ML to prevent cybercrime. About The Report.

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Authentication Fraud Prevention Cybersecurity Data Breach 74

PYMNTS

APRIL 9, 2020

CERT had noted in its advisory that the flaw “could allow a local, authenticated attacker to store arbitrary JavaScript within the application. We have already developed remediation and have made this available to customers. We are alerting CERT of the remediation so they can correct their advisory.”.

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Cybersecurity Encryption CHIPS Consulting 107

VISTA InfoSec

SEPTEMBER 25, 2024

This guide will cover key aspects of seamlessly implementing CCaaS, from choosing the right provider to ensuring robust cybersecurity measures. Ensuring Robust Cybersecurity Cybersecurity becomes a critical concern as businesses shift their operations to the cloud.

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Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

This guide will cover key aspects of seamlessly implementing CCaaS, from choosing the right provider to ensuring robust cybersecurity measures. Ensuring Robust Cybersecurity Cybersecurity becomes a critical concern as businesses shift their operations to the cloud.

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Cybersecurity CRM Disaster Recovery Encryption 130

Open Banking Excellence

SEPTEMBER 25, 2024

As banks adapt to these transformative forces, attendees gain insights into innovative strategies, regulatory compliance, and customer-centric approaches that will define the future of banking.

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Regulatory Compliance Fraud Prevention Cybersecurity AI 130

The Fintech Times

SEPTEMBER 5, 2024

CrowdStrike: A wake-up call On 19 July 2024, a faulty software update from cybersecurity company CrowdStrike hit 8.5 Adhering to PCI DSS standards – through encryption, secure authentication, and device security – is crucial for mitigating these risks and ensuring safe transactions.

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Financial Crimes Mitigation Cybersecurity Crime 82

The Fintech Times

FEBRUARY 28, 2025

In rapid, seven-minute slots, companies showcased solutions spanning AI-powered cybersecurity, digital banking transformation, embedded finance and next-generation authentication. This years Best of Show winners included: Keyless A biometric authentication platform eliminating passwords and multi-factor authentication.

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Embedded Finance AI Multi-Currency Compliance 64

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Key Amendments “Class A” Companies The Amendments create a new category of covered entities — deemed “Class A” companies — with heightened cybersecurity obligations.

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Cybersecurity Multifactor Authentication Risk Assessment MFA 59

VISTA InfoSec

JUNE 19, 2024

Additionally, consider platforms with strong access controls, such as multi-factor authentication (MFA) to prevent unauthorized access. On top of that, strengthen user authentication with multi-factor authentication (MFA) to reduce the risk of unauthorized access.

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Risk Ransomware Phishing MFA 277

CB Insights

MARCH 27, 2019

Cybersecurity is a hot topic today. Future of Cybersecurity: Trends & Startups To Watch. Future of Cybersecurity: Trends & Startups To Watch. Learn about active cyber defense strategies and what they mean for the future of enterprise cybersecurity. Most recently, Dow Jones saw over 2.4M

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Cybersecurity Encryption Data Breach Breach 76

VISTA InfoSec

AUGUST 8, 2023

But a cybersecurity report shows that 43% of data breaches involve small businesses. In essence, small businesses that ignore cybersecurity only do so at their own peril. Some effects of cybersecurity on your business include: Stealing stored data such as credit card details.

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Small Business Encryption Ransomware Cybersecurity 130

VISTA InfoSec

DECEMBER 19, 2024

But as digital thieves and cyberattacks became more sophisticated targeting the financial sector, it led to the rise of cyber security cases which is why SWIFT introduced the SWIFT Customer Security Programme (CSP), a set of cybersecurity requirements designed to protect the global financial ecosystem.

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SWIFT Cybersecurity PCI DSS Compliance 130

PYMNTS

SEPTEMBER 30, 2019

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — told Karen Webster that cybersecurity threats to institutions and enterprises exist at several levels. Unseen and possibly unknown.

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Cybersecurity Credential Encryption Phishing 65

VISTA InfoSec

JUNE 7, 2024

Zero trust, as its name implies, is a digital security framework that emphasizes the need for strong, frequent authorization and authentication of all devices and users on a network. As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises.

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Micro-Entry Data Breach Breach Cybersecurity 162

The Fintech Times

APRIL 27, 2024

We are advocates for comprehensive privacy measures, emphasising end-to-end encryption, robust authentication mechanisms, and user control over data. “One of the strengths of the PSTI Act is its focus on strong authentication mechanisms. This is something that should be available at the point of sale.

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API Cybersecurity Authentication Security 124

The Fintech Times

OCTOBER 17, 2024

As digital threats continue to evolve and as fraudsters get savvier, the need for secure and convenient authentication methods grows increasingly important. To find out how re-authentication can help keep firms and their customers safe, three experts joined The Fintech Times to share their insights. That needs to be resolved.

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Authentication Fraud Prevention Consulting AI 64

Fintech Finance

JANUARY 29, 2025

The service address critical challenges such as regulatory compliance, operational complexity, and cybersecurity risks, the service offers institutions a secure, scalable, and cost-effective alternative to in-house SWIFT management.

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SWIFT ISO 20022 Disaster Recovery Payment APIs and Integration 59

VISTA InfoSec

MAY 12, 2024

Encourage the use of Two-Factor Authentication (2FA) Decades of experience show that passwords only provide a small amount of security. Using at least one more authentication method alongside passwords effectively prevents hackers from employing common methods to bypass password protection.

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PCI DSS Security Compromise Best Practices 277

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.

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Authentication Small Business Compromise Legal 64

Fintech News

MAY 20, 2024

Cyber Crimes, Cybersecurity, and Fintech Panel Event May 23, 2024, 12:00 CEST On May 23, 2024, at 12:00 CEST, a panel event titled “Cyber Crimes, Cybersecurity, and Fintech” will be hosted by Peirce College. The session will be moderated by Ammar Faheem, Product Marketing Manager CIAM at Thales.

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Fintech Finance

AUGUST 5, 2024

With Zero Trust security frameworks becoming standard and requiring regular user authentication, the inherent vulnerability of passwords is evident. Leveraging our rich biometric history and core business as we expand to be a digital identity company, we aim to replace passwords with more reliable biometric authentication.

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Technology Financial Crimes Verification Crime 124

VISTA InfoSec

JUNE 27, 2024

A joint investigation by Mandiant, Snowflake, and CrowdStrike revealed that Sp1d3r tracked as UNC5537, used stolen customer credentials to target at least 165 organizations that had not enabled multi-factor authentication (MFA) on their accounts. Conclusion The ramifications of this breach extend beyond immediate security concerns.

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FBI Breach MFA Cybersecurity 130

The Payments Association

MARCH 19, 2025

Technological advancements, including NFC, QR codes, and biometric authentication, have made digital wallets more user-friendly and secure. Adopt multi-factor authentication (MFA) and biometric verification to reduce fraud risks. Regulatory challenges Regulators are in a race against time.

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Digital Payments Finance Online and Mobile Banking Payments 88