PYMNTS

JULY 10, 2020

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

Multifactor Authentication 53

Multifactor Authentication Authentication Credit Union Fraud Prevention 53

PYMNTS

MAY 22, 2020

These financial crimes are perpetrated using various techniques, and no one-size-fits-all defense can block them all. People are one click away from a malware download or credential phishing [website]. “Whenever there’s a societal disruption, there are bad guys out there trying to take advantage of people.”.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

The Payments Association

FEBRUARY 17, 2025

When the victim enters their credentials, the attacker captures these details and may steal session cookies to bypass multifactor authentication (MFA). Using stolen session cookies, the attacker can authenticate themselves into the victim’s account, gaining unauthorised access to emails or other resources.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88