PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. The scheme originated from a number of phishing emails that targeted a handful of employees. Fighting the Phishers.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

Fintech News

FEBRUARY 28, 2024

Singapore’s fight against phishing scams saw notable progress in 2023, with a reported 16% decrease in cases and a 14% reduction in financial losses compared to the previous year. We will better safeguard funds by encouraging people to adopt Money Lock, and enhancing Money Lock’s functionality.

Phishing 109

Phishing Scams Authentication Authorization 109

VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. What Is Multi-Factor Authentication? Let’s start with another simple definition – multi-factor authentication is any authentication method where more than one criterion has to be satisfied before access is granted to digital assets.

Authentication 130

Authentication MFA Cybersecurity Credential 130

VISTA InfoSec

FEBRUARY 25, 2024

User Account Details Usernames, passwords, security questions, login timestamps, failed login attempt logs, password reset tokens, multifactor authentication details, and session IDs. Accidental data leaks by insiders mishandling information also trigger breaches frequently.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

Fintech News

JANUARY 14, 2024

No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement by the Singapore Police Force and DBS on Sunday (14 Jan).

Phishing 109

Phishing Scams Authorization Transaction Limits 109

VISTA InfoSec

MAY 12, 2024

Many cyberattacks specifically target people through phishing and other kinds of social engineering. Encourage the use of Two-Factor Authentication (2FA) Decades of experience show that passwords only provide a small amount of security.

PCI DSS 277

PCI DSS Security Compromise Best Practices 277

PYMNTS

OCTOBER 7, 2020

And as Entersekt Senior Vice President of Product Christian Ali told PYMNTS in a recent interview, the means by which banks authenticate their suddenly digital users must change, too. That security layer itself is only as strong as the authentication process. The way we bank is changing in the age of COVID-19.

Authentication 98

Authentication Use Case Phishing Contactless Payments 98

Payments Source

NOVEMBER 27, 2018

The continued trend of “spear phishing” and “catfishing” only serves to highlight the complex work required to identify genuine from fraudulent, writes Steven Goddard, product manager for risk at The ai Corporation (ai).

Phishing 68

Phishing Authentication AI Risk 68

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). Kick things off with phishing awareness training. Outdated software?

Data Security 266

Data Security Security Encryption Cybersecurity 266

The Nilson Report

AUGUST 13, 2024

Payments Forum Resource Showcases Phishing-Resistant Authentication Methods for Secure, Passwordless Future appeared first on Nilson Report. The post U.S.

Phishing 52

Phishing Authentication Security Payments 52

Fintech News

JULY 9, 2024

Announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), this move aims to better protect customers from phishing scams. Phishing scams were among the top five scam types last year, with at least S$14.2

Phishing 109

Phishing Scams Online and Mobile Banking Credential 109

Neopay

JANUARY 22, 2025

Phishing attacks: AI-generated content enables fraudsters to create highly personalised and convincing phishing emails that bypass traditional detection methods. Multi-layered authentication: Combining voice recognition with other authentication methods to make it more difficult for fraudsters to gain access.

AI 59

AI Deepfake Phishing Audit 59

The Fintech Times

JULY 10, 2024

This decision aims to fortify the defence against phishing scams, a persistent threat in the digital banking landscape. Despite their benefits in reducing unauthorised access, OTPs have become increasingly vulnerable to sophisticated phishing techniques, where scammers create fake websites to trick users into revealing their OTPs.

Phishing 59

Phishing Scams Authentication Financial Crimes 59

The Payments Association

DECEMBER 10, 2024

Understanding AI-enabled fraud As fraudsters invest in more sophisticated technology, including deepfakes, synthetic identities and automated phishing, the need for payments firms to adopt better AI-driven fraud detection systems grows. fingerprints, facial recognition), and behavioural biometrics (e.g.,

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88

The Fintech Times

FEBRUARY 14, 2025

Enhanced selfie and fraud detection tools are necessary to protect social media engagement, ensure account authenticity, and prevent the risks posed by fake accounts. As a result, a full 30 per cent of identity fraud attacks targeted social media in Q4, compared to a mere three per cent in Q1.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

VISTA InfoSec

SEPTEMBER 5, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

MARCH 28, 2024

Use strong, unique passwords and consider multi-factor authentication for an added layer of data security. This training should cover topics such as recognizing phishing attempts, safe handling of data, and the proper use of security tools. Data Security To secure customer data, employ encryption for data at rest and in transit.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

PYMNTS

APRIL 24, 2020

The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. Clicking on the link directs users to a page that looks like the authentic Microsoft Office 365 login web page and tries to pilfer the recipient’s corporate credentials.

Phishing 63

Phishing Scams IRS Law Enforcement 63

Fintech Finance

FEBRUARY 20, 2025

Cybercriminals are exploiting payout systems with increasing sophistication, using malware, fake identities, and AI-driven phishing attacks to target funds from survey remuneration, loyalty cash-out, incentive programs, commission earnings, and class action settlements.

PCI DSS 86

PCI DSS Security Payment APIs and Integration MFA 86

The Fintech Times

DECEMBER 18, 2023

As a result of AI and other emerging technologies, the need for accurate and secure authentication is at an all-time high. Tending to this need, Zally , the continuous authentication platform, is building up for its launch in 2024. This is instead of traditional authentication which takes place solely at the point of login.

Authentication 64

Authentication Continuity Security Account Takeovers 64

Fintech News

MARCH 24, 2025

Notably, 29% of respondents prefer to shop at stores with higher security measures, while 21% say they like it when retailers ask them to provide their identity through second-factor authentication (2FA) as it gives them confidence that there is efficient fraud protection in place. Results of the business survey echo these findings.

Phishing 52

Phishing Scams Payments Online and Mobile Banking 52

PYMNTS

JUNE 8, 2020

Tightening Authentication. FIs must use highly secure methods to authenticate customers’ identities and make it difficult for cybercriminals that manage to steal customer information to pass themselves off as legitimate customers. Fighting Phishing. percent “less likely to be compromised.”.

Authentication 60

Authentication MFA Phishing Scams 60

The Payments Association

AUGUST 26, 2024

It details various types of fraud, such as phishing, malicious apps, weak authentication practices. The article discusses the growing popularity of mobile wallets and also highlights the rising threat of mobile wallet fraud. Read more

Phishing 88

Phishing Authentication Payments Consumer 88

Braintree

AUGUST 26, 2019

Braintree has supported SMS and authenticator app two-factor authentication in the Control Panel since 2015. Two-factor authentication is a crucial tool for helping protect merchants from unauthorized account access, typically by requiring a time-sensitive code during sign in.

Authentication 52

Authentication Phishing Account Takeovers Breach 52

PYMNTS

OCTOBER 9, 2020

We have seen phishing attacks surge since the pandemic started,” Reichel said. Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. The quality of the branded phishing emails are what sets the latest coronavirus email attacks apart,” Reichel said. Spear Phishing.

B2B 116

B2B Phishing Scams Ransomware 116

The Payments Association

OCTOBER 28, 2024

Whether through fake profiles, phishing emails, or fraudulent advertisements, criminals are finding new ways to manipulate people into sharing their financial details or authorising payments. CNP fraud occurs when criminals use stolen card details to make purchases online, by phone, or via mail order.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

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 Blockchain 162

Fintech News

JANUARY 7, 2025

Security protocols such as the 3-D Secure protocol (3DS) add an authentication layer for online transactions, while banks have implemented real-time transaction monitoring and moved from SMS One-Time Passwords (OTPs) to push notifications via digital banking apps.

Credit Cards 107

Credit Cards Push-to-Card Card Issuer Authentication 107

Payments Source

APRIL 16, 2020

As phishing and other attacks mount, a personal ID number can act as a second authentication factor, says LogRhythm Labs' James Carder.

Phishing 80

Phishing Authentication Payments ISOs 80

Fintech Review

APRIL 20, 2025

The risks range from phishing and account takeovers to ransomware and insider threats. Cybertech helps mitigate these risks by securing each layer of the stack from device authentication to back-end systems. It ensures trust in the system, reduces downtime, and meets increasingly strict regulatory standards.

Finance 59

Finance Security Fraud Detection Encryption 59

VISTA InfoSec

OCTOBER 21, 2024

The most common threat that you might already be aware of is phishing scams. Whenever possible, make sure to enable two-factor authentication, as this will add another layer of protection to your accounts. Common Cybersecurity Threats Even if you’re just a casual internet user, cybersecurity threats can still impact you.

Cybersecurity 221

Cybersecurity Encryption Scams Cryptocurrency 221

Finovate

JANUARY 25, 2024

Identity and authentication platform 1Kosmos launched its BlockID 1Key solution this week. BlockID 1Key is a biometric security key that provides passwordless multi-factor authentication for customer help desks, retail bank branches, and other environments deemed too sensitive to allow access to mobile devices.

Authentication 52

Authentication Phishing User Authentication Interoperability 52

Fintech News

JANUARY 17, 2024

These measures encompass additional customer authentication, cross-border transfer limit reviews, session management controls, and establishing a bank-to-bank information-sharing platform to safeguard the financial sector from evolving threats. Developing advanced deepfake detection techniques is crucial to restoring online content trust.

Deepfake 125

Deepfake APACS Scams Authentication 125

PYMNTS

JULY 9, 2020

Fraudsters have only upped their efforts during the pandemic, with phishing attacks alone increasing 667 percent between late February and late March. Relying on static usernames and passwords to authenticate customers is no longer sufficient, and many FIs are therefore examining how tools like biometrics can offer greater security.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

PYMNTS

OCTOBER 8, 2020

And in digital onboarding, email verification and other authentication technologies can assist in offering a seamless and safe experience for consumers. 2.2B: Number of consumers targeted with COVID-19-related phishing schemes. 2.2B: Number of consumers targeted with COVID-19-related phishing schemes.

Phishing 93

Phishing Authentication Verification Returns 93

Fintech News

AUGUST 13, 2024

New controls include additional authentication for high-risk activities, a 12-hour cooling-off period when logging into a new device, and a one-click log-out option that instantly secures the account across all devices. In addition to these updates, Wise is also enhancing its security measures.

Caps 113

Caps Cross-Border Phishing APACS 113