PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. billion by 2024.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

Fintech News

APRIL 22, 2024

Phishing scams employ social engineering tactics to trick users into revealing login credentials, allowing attackers to hijack accounts. of all mobile threats detected included mobile banking Trojans, highlighting the prevalence of these targeted attacks. A 2023 report by Kaspersky found that 40.8%

Phishing 119

Phishing Security Blocks Cybersecurity 119

PYMNTS

MAY 27, 2020

Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds. The May FI Fraud Decisioning Playbook examines the issue of omnichannel fraud and the strategies that banks and CUs are using to detect and thwart it.

Scams 98

Scams Account Takeovers Online and Mobile Banking Credit Union 98

FICO

SEPTEMBER 14, 2016

Have you ever had the frustrating experience of trying to use a credit card in a foreign country, only to have the purchase blocked because your bank was unsure it was legitimate? This might seem like the bank doing a good job looking out for you. But it turns out mobile analytics offer all kinds of benefits.

Authentication 84

Authentication Non-Bank Blocks Chip Cards 84

The Fintech Times

APRIL 23, 2024

As mobile banking apps continue to accrue a seemingly ever-growing user base, criminals may sense an opportunity to access people’s finances by exploiting weaknesses in some banks’ security, consumer champions Which? They were not able to test banks’ back-end security systems. TSB told Which?

Addressing 69

Addressing Online and Mobile Banking Security Best Practices 69

PYMNTS

JULY 10, 2020

Customers cannot afford to let fraudsters compromise their bank accounts under any circumstances, but the current economic climate makes attacks all the more painful. Financial institutions (FIs) thus need to ensure they can successfully block ATOs as well as quickly detect and mitigate any that slip through.

Multifactor Authentication 53

Multifactor Authentication Authentication Credit Union Fraud Prevention 53

PYMNTS

AUGUST 21, 2017

According to Kaspersky Lab, an old malware has gotten a new lease on life by hijacking credentials from ridesharing services. The malware is known as the Faketoken Android Trojan , a mobile banking malware designed to steal credentials such as name, credit card number and CCV, amid other information.

Bitcoin 40

Bitcoin Credential Push-to-Card Blocks 40