Fintech Finance

DECEMBER 6, 2024

Mastercard has partnered with Sympla , the leading events platform in Brazil, and Yuno , a global payments orchestrator based in Latin America, to bring its Payment Passkey Service to the region and accelerate secure online checkout for shoppers. Upon successful authentication, the transaction is completed.

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Visa Authentication Scams Payments 98

Fintech News

APRIL 22, 2024

While this digital transformation offers undeniable convenience, it also introduces new challenges to mobile security in Indonesia Malware and phishing attacks pose a significant threat to the integrity and security of financial platforms, jeopardising both user data and financial security.

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Phishing Security Blocks Cybersecurity 118

Fintech Finance

FEBRUARY 20, 2025

Runa , the leading global fintech infrastructure for the next generation of payouts experiences, today announced the launch of Runa Assure, a security suite specifically built to fortify payout processes against threats of fraud, cyberattacks, and compliance risks.

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PCI DSS Security Payment APIs and Integration MFA 86

VISTA InfoSec

FEBRUARY 25, 2024

This guide makes sensitive cybersecurity concepts approachable to enable smarter decisions in securing your systems against catastrophe. Most data breaches boil down to security failures and human error. Best Practices For Prevention Ultimately, consistent vigilance and proactive security safeguards offer the best breach protections.

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Data Breach Breach Multifactor Authentication Cybersecurity 272

Fintech Review

APRIL 20, 2025

Cybertech refers to the suite of digital tools designed to secure networks, systems, and users from cyber threats. Whether protecting mobile banking apps or securing blockchain wallets, cybertech plays a foundational role. The risks range from phishing and account takeovers to ransomware and insider threats. What Is Cybertech?

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Finance Security Fraud Detection Encryption 59

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. Ensuring Secure Workplace Practices.

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Phishing Data Breach Breach Fraud Prevention 99

VISTA InfoSec

SEPTEMBER 5, 2024

Small and medium enterprises (SMEs) are especially vulnerable to these attacks due to limited resources and a lack of cyber security expertise. Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. What are the most common cyber security threats for SMEs?

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Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Small and medium enterprises (SMEs) are especially vulnerable to these attacks due to limited resources and a lack of cyber security expertise. Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. What are the most common cyber security threats for SMEs?

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Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. Put simply, cybersecurity is any security system that protects our digital assets. They can include physical security to protect sensitive data on-premises, AI-powered analytics, and biometrics. What Is Multi-Factor Authentication? What is Cybersecurity?

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Authentication MFA Cybersecurity Credential 130

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.

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Phishing Scams Authentication Authorization 107

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).

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Phishing Scams Authorization Transaction Limits 109

The Payments Association

DECEMBER 10, 2024

It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. Fraudsters are leveraging these advanced tools to enhance the sophistication and scale of their attacks, making it harder for traditional security measures to keep pace.

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AI Fraud Detection Fraud Prevention Deepfake 88

VISTA InfoSec

MARCH 28, 2024

This article explores ten key principles that every company should know and implement to ensure the highest level of data security. Data Security To secure customer data, employ encryption for data at rest and in transit. Use strong, unique passwords and consider multi-factor authentication for an added layer of data security.

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Data Breach Regulatory Compliance Breach Encryption 278

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.

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Authentication Use Case Phishing Contactless Payments 98

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.

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Phishing Authentication Security Payments 52

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.

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Authentication Continuity Security Account Takeovers 64

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.

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AI Deepfake Phishing Audit 59

Neopay

JUNE 20, 2025

The increase may be due to more complex methods being used, such as social engineering methods to convince victims to divulge one-time passcodes (OTPs), which are used by criminals to authenticate illegal transactions. The post Fraud in 2024: A Continued Threat to Financial Security appeared first on Neopay.

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Continuity Security Fraud Prevention Law Enforcement 52

VISTA InfoSec

OCTOBER 21, 2024

Because there is such a clear need for the security they offer, it’s unsurprising that there is a dizzying number of crypto wallet options out in the market, ranging from popular software solutions to more exotic custom hardware storage. This can make it more difficult for hackers to trace transactions back to you.

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Cryptocurrency Multifactor Authentication MFA Compromise 162

The Fintech Times

FEBRUARY 14, 2025

“Using AI-driven tactics such as deepfake selfies and synthetic identities, organised fraudsters are testing traditional security measures like never before. Enhanced selfie and fraud detection tools are necessary to protect social media engagement, ensure account authenticity, and prevent the risks posed by fake accounts.

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Deepfake APACS Law Enforcement Fraud Detection 78

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

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Phishing Scams Online and Mobile Banking Credential 109

Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. billion digital wallet users, or 42.6%

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PCI DSS Payment Security Security MFA 88

VISTA InfoSec

OCTOBER 21, 2024

Right now, crypto is considered to be more secure than traditional currencies and payment methods. By exploring quantum computing and cryptocurrency , we can see how an advancement in one sector can directly impact the security of another. The most common threat that you might already be aware of is phishing scams.

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Cybersecurity Encryption Scams Cryptocurrency 221

VISTA InfoSec

MAY 15, 2025

SWIFT, the global backbone for secure financial messaging, plays a critical role in enabling fast and reliable cross-border transactions. But as cyber threats grow more advanced, financial institutions must implement robust SWIFT security controls to safeguard their systems and prevent fraud. Internal Data Flow Security 2.2

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SWIFT Security Best Practices PCI DSS 100

The Payments Association

OCTOBER 28, 2024

Fraudsters are becoming increasingly adept at bypassing security protocols, often using social engineering techniques to convince victims to unknowingly hand over sensitive information. This ability to bypass robust security measures highlights the persistent ingenuity of criminals in finding new vulnerabilities.

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

Fintech Finance

AUGUST 29, 2024

During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Upon successful authentication, the payment is instantly completed. “By Enter payment passkeys.

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Visa Security Authentication Payments 105

PYMNTS

APRIL 24, 2020

BleepingComputer.com reports that the Coronavirus Aid, Relief and Economic Security (CARES) Act has triggered the latest round of scams. . The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. The fraudsters’ mission is to lure recipients with financial relief options.

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Phishing Scams IRS Law Enforcement 63

Fintech News

MARCH 24, 2025

This heightened concern has led many consumers to favor businesses with robust security measures. Phishing Phishing is one of the most common scam tactics in Singapore. In 2024, phishing scams were the third most concerning type of scam in Singapore. Victims lost a total of S$59.4 million (US$44.5

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Phishing Scams Payments Online and Mobile Banking 52

VISTA InfoSec

DECEMBER 19, 2024

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides secure and reliable communication networks for over 11500 connected financial institutions to facilitate cross-border payments and securities transactions. What is SWIFT CSP, and why it was introduced?

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SWIFT Cybersecurity PCI DSS Compliance 173

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.

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Phishing Scams Authentication Financial Crimes 59

Fintech News

JANUARY 7, 2025

Gan Kim Yong Deputy Prime Minister Gan Kim Yong emphasised the comprehensive security measures already in place, including safeguards implemented by global card schemes such as Visa and Mastercard, alongside card issuers like banks. Push notifications, he noted, cannot be phished, unlike SMS OTPs, further enhancing consumer protection.

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Credit Cards Push-to-Card Card Issuer Authentication 104

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.

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B2B Phishing Ransomware Scams 116

VISTA InfoSec

AUGUST 8, 2023

Your business is at high risk if you have no security measures. Cyberattacks can result in lasting adverse repercussions on the reputation of your network security, as clients and customers can lose faith in your business if their personal data gets leaked. Many of these devices have areas they are susceptible to external attacks.

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Small Business Encryption Ransomware Cybersecurity 130

VISTA InfoSec

JULY 29, 2024

Because there is such a clear need for the security they offer,itsunsurprising that there is a dizzying number of crypto wallet optionsoutin the market, ranging from popular software solutions to more exotic custom hardware storage. In particular, look for wallets that let you customize transaction confirmation settings.

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Cryptocurrency Multifactor Authentication MFA Compromise 130

PYMNTS

JUNE 8, 2020

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. FIs therefore cannot afford to drag their feet on implementing open banking, but many may be concerned that third-party access to customer data will exacerbate security challenges.

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Authentication MFA Phishing Scams 60

Fintech News

AUGUST 13, 2024

In addition to these updates, Wise is also enhancing its security measures. 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.

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Caps Cross-Border Phishing APACS 113

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.

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Authentication Phishing Account Takeovers Breach 52