article thumbnail

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. So, if you are wondering why you should invest in PCI DSS compliance in Australia and how it can safeguard your organization, keep reading to find out.

PCI DSS 165
article thumbnail

Filling the cracks in digital identity: Reset trust in the social engineering age

BioCatch

In the digital world where seamless automation is the priority, organisations across banking, insurance and telecom rely on government provided authentication services. This ensures that identity theft is ruled out.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cyber Threats Surge in India’s Financial Sector

Fintech News

These advanced impersonations, which use convincing AI-generated audio and video, trick users into revealing multi-factor authentication (MFA) codes or approving unauthorized authentication requests. India is experiencing a rise in deepfake identity fraud, with cases surging by 550% since 2019. billion) in 2024 alone.

article thumbnail

Data Breaches 101: What They Are And How To Prevent Them

VISTA InfoSec

User Account Details Usernames, passwords, security questions, login timestamps, failed login attempt logs, password reset tokens, multifactor authentication details, and session IDs. For customers exposed to breaches, identity theft risks skyrocket, leading to bank/credit card fraud plus medical/tax/employment fraud.

article thumbnail

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
article thumbnail

Is No-Factor Authentication Digital Security’s Future?

PYMNTS

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.

article thumbnail

The Rise of Synthetic Identity Fraud in Financial Services

Fi911

Synthetic identity fraud represents the fastest-growing financial crime in the United States, yet many financial institutions still struggle to detect it. Unlike traditional identity theft where criminals steal existing identities, synthetic identity fraud involves creating new identities by combining real and fabricated information.