The Fintech Times

MARCH 12, 2025

AI-generated deepfakes , synthetic identities and hyper-targeted phishing attacks are just some of the cyberthreats on the rise. Consequently, this will strengthen payment security by identifying and blocking suspicious transactions, card fraud, and chargeback abuse. As fraud evolves, organisations’ cyber defences must too.

Embedded Finance 72

Embedded Finance Finance Deepfake Payment APIs and Integration 72

BioCatch

MARCH 31, 2025

A skilled judoka doesn't simply block an opponent's push; they strategically yield, pivot, and transform that forward energy into a disadvantage for the aggressor. This philosophical approach provides a perfect framework for understanding modern voice phishing (vishing) defenses.

Scams 40

Scams Phishing Blocks 40

The Fintech Times

DECEMBER 6, 2024

Over the past 12 months, 58 per cent of surveyed SMEs said they had to deal with phishing scams. “Unfortunately, the lack of urgency from our previous provider forced us to take matters into our own hands working with our trusted web development agency to identify vulnerabilities and blocking attacks.

Account Takeovers 80

Account Takeovers Phishing Small Business Cybersecurity 80

Fintech News

JUNE 6, 2024

Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to enhance their security measures. DBS isn’t the only bank making news for phishing scams. US$129,841).

Scams 108

Scams Phishing Deepfake Verification 108

PYMNTS

AUGUST 21, 2020

Hacking, cybercrime and various forms of digital fraud are a never-ending worry for digital-first banks, with fraudsters leveraging techniques as diverse as phishing schemes, identity theft, account takeovers and botnets to target both banks themselves and their customers. Deep Dive: Keeping Digital-First Banking Secure With AI, Biometrics.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

Fintech News

DECEMBER 17, 2024

He explained that Revolut Pays direct integration with exchanges provides end-to-end control over transactions, blocking fraudulent activities such as stolen card usage or elaborate investment scams. Revoluts move comes as crypto fraud, including phishing attacks and identity theft, becomes more sophisticated.

Transactions 112

Transactions Identity Theft Security Phishing 112

Fintech News

JANUARY 10, 2024

Recent initiatives include enhancing banking apps to block access when potentially harmful side-loaded apps are detected, a move that has significantly reduced malware-enabled scams. ” MAS and Infocomm Media Development Authority (IMDA) have been working on a Shared Responsibility Framework (SRF) for phishing scams.

Accounts 108

Accounts Scams Phishing Payee 108

Fintech News

APRIL 2, 2024

This initiative, aimed at providing customers with enhanced protection against digital scams, allows individuals to block online access to a portion of their funds. Since the launch of the Money Lock feature by three local banks – OCBC, DBS, and UOB – in November, over 78,000 accounts have been established with more than S$6.6

Accounts 108

Accounts Scams Phishing Blocks 108

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. For example, an AI system might detect a series of unauthorised login attempts and block them before a breach occurs. The Growing Threat Landscape in Fintech As fintech grows, so does its attractiveness to cybercriminals.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

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. of every £10 of attempted fraud being successfully blocked. This equates to £6.65

Scams 88

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

PYMNTS

JULY 2, 2020

Account takeover fraud, phishing scams and friendly fraud have all seen upticks of late. Whatever a merchant does, the basic goal is the same across the ecosystem — let the maximum number of good transactions pass through seamlessly while blocking the bad ones and making the fraudster never come back.

Transactions 112

Transactions Push-to-Card Account Takeovers Fraud Prevention 112

PYMNTS

MARCH 18, 2020

Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data. Vishing” and “smishing” are two phishing variants that have become more popular as QSR employees and consumers grow wise to the suspicious emails associated with phishing.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

PYMNTS

NOVEMBER 25, 2019

The hackers sent phishing emails to the utilities’ employees in an attempt to get malware — dubbed “Lookback” — installed on computers. He added that the company now blocks emails from Hong Kong. “We We never got compromised, and never saw the phishing emails,” he said.

FBI 64

FBI Phishing Breach Compromise 64

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

Fintech News

JUNE 3, 2024

Ransomware is a type of malicious software attack designed to block access to a computer system until a ransom is paid. Moreover, AI-driven phishing and malicious LLMs like WormGPT is projected to empower less skilled attackers, the firm says.

Ransomware 108

Ransomware APACS Cybersecurity AI 108

Segpay

FEBRUARY 21, 2024

In a security incident, the technology can autonomously trigger predefined responses, such as isolating affected systems, blocking suspicious activities, or alerting security teams. Phishing and Social Engineering Prevention: Phishing and social engineering attacks pose significant cybersecurity threats.

AI 105

AI Innovation Fraud Detection Encryption 105

The Payments Association

MAY 7, 2025

These sophisticated attacks are designed to deceive even the most cautious businesses and consumers, from AI-generated phishing emails to deepfake videos and voice impersonations. NFT marketplaces: Rising cases of counterfeit NFTs and phishing scams, leading to disputes, particularly when buyers use credit or debit cards. How avoided.io

Risk 88

Risk Disputes Debit Card Cross-Border 88

FICO

JULY 7, 2020

With phishing, bad actors use malicious emails that are disguised as legitimate to trick people into providing sensitive information or taking potentially dangerous action. Vishing is like phishing, but over the phone. Smishing is similar to phishing, but is executed through text messages. every month.

Scams 97

Scams Smishing Phishing IRS 97

PYMNTS

NOVEMBER 17, 2020

A recent study found that phishing websites and emails spiked as the event drew closer, with many fraudsters using the Amazon brand and logos to trick customers into surrendering their login data and payment card credentials,” per the Digital Fraud Tracker®.

Volume 72

Volume Transactions Account Takeovers Phishing 72

PYMNTS

SEPTEMBER 19, 2016

A Chrome add-on called Password Alert is designed to help block phishing by warning people when they are entering their Gmail password into malicious websites. As Wired explained it, Jigsaw faces the difficult challenge of using artificial intelligence to make people behave nicely on the internet.

AI 72

AI Wire Wires Phishing 72

PYMNTS

APRIL 14, 2019

In a statement to reporters, Microsoft said: “We addressed this scheme, which affected a limited subset of consumer accounts, by disabling the compromised credentials and blocking the perpetrators’ access.”. Hackers were able to gain entry by compromising a customer support agent’s credentials, Microsoft said in the letter.

Breach 68

Breach Accounts Credential Compromise 68

The Fintech Times

NOVEMBER 20, 2024

For example, charity, gift card, imposter, invoicing, pet deposit, phishing, and romance scams. Furthermore, it looks to ensure users are keeping their money and financial information safe. It also brings awareness to the most common scams consumers face during the holiday season.

Scams 64

Scams Romance Scams Technology Venmo 64

Fi911

DECEMBER 19, 2023

The technology’s capabilities extend across various aspects of fraud detection, including: ATM Fraud: Blending anomaly detection, behavioral analysis, and risk assessment Credit Card Fraud: Detecting abnormal transaction patterns Email Phishing: Advanced ML-based scanners to identify and block harmful emails Mobile Fraud: Prompt notification regarding (..)

Fraud Prevention 98

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 98

PYMNTS

AUGUST 7, 2020

The research also noted a 40 percent increase compared to February in the number of blocked attempts to guide users to phishing websites for one of the most-visited gaming platforms. . Online gambling compliance experts are also predicting that cybercrime will sharply rise in the coming months.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

AUGUST 27, 2019

Now, a new subscription — eero Secure — is enabling advanced security for every device connected to a home Wi-Fi network, as well as content filtering, ad blocking and insights through eero’s in-app activity center. eero Secure is available for $2.99 per month or $29.99 per year, while eero Secure+ is available for $9.99

Security 59

Security Ransomware Phishing Blocks 59

PYMNTS

MAY 5, 2020

Pangretic cautioned that there will continue to be a rising tide of email scams (phishing) and synthetic fraud. On the “back end” of the business, Elan leverages state-of-the-art fraud detection tools to identify and prevent transactional fraud, account takeover and fraudulent applications.

Fraud Detection 78

Fraud Detection Online and Mobile Banking Scams Issuers 78

Nanonets

NOVEMBER 14, 2023

The cybercriminal proceeds to infiltrate the company's email system through methods like phishing emails or email account spoofing, particularly targeting key employees. According to Gartner’s 2022 Gone Phishing Tournament Report , a concerning 44% of employees click on email phishing links.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

PYMNTS

SEPTEMBER 18, 2017

After blocking the traffic, the security team saw more of it the next day. They could also use data from the Equifax leak to engage in phishing scams to access more information, or they can hack into a victim’s email account and send requests for cash to be wire-transferred. Equifax then took it offline, reported the paper.

Breach 66

Breach Risk Federal Trade Commission Data Breach 66

FICO

APRIL 3, 2018

Most of these fraudulent transactions are facilitated by details obtained through skimming, hacking, email phishing campaigns, telephone solicitations or other methods. Instead, transactions are conducted digitally (mobile networks and internet), telephone and mail order. Machine Learning Detects 30% More CNP Fraud.

Fraud Detection 85

Fraud Detection EMV Issuers Chip Cards 85

FICO

MAY 27, 2021

This includes phishing of personal and account-level information as well as compromising the PAN / CVV for use in a fast-following fraud attack. The enforcement activity is then to block access to those web domains, which requires a collaboration between ISPs in order to prevent more victims falling for the scam.

Scams 98

Scams Law Enforcement Compromise Fraud Prevention 98

PYMNTS

JULY 16, 2020

ClearSale , for example, is updating its app integration with Shopify to ensure merchants on its platform are equipped with strong fraud protection systems as cybercriminals continue to exploit the pandemic to their advantage, such as with COVID-19-related phishing schemes.

Payment Gateways 72

Payment Gateways Gateways Payments Phishing 72

PYMNTS

MAY 25, 2020

Phishing attacks are some of the most common scams. Bank employees are remotely accessing their FIs’ networks to do their jobs, but banks typically secure their systems via firewalls and blacklists that flag or block suspicious entities from doing so. Several banks in the U.K.

Financial Crimes 67

Financial Crimes Crime Scams Fraud Prevention 67

PYMNTS

DECEMBER 11, 2019

Also, blocking municipal services tends to affect a larger swath of the population, which is a motivator for ransom paying. It spreads by phishing and as an attachment on a financial document. While many attacks have previously targeted corporations and businesses, malware distributors are now attacking municipal organizations.

Ransomware 52

Ransomware Cybersecurity Phishing Audit 52

PYMNTS

JUNE 12, 2019

While Google automatically blocks the majority of unauthorized sign-in attempts, adding 2-Step Verification (2SV) considerably improves account security. Google says iPhone and iPad users can now verify sign-ins with their Android security key, according to a report by TechCrunch.

Authentication 49

Authentication Bots Phishing Credential 49

PYMNTS

MARCH 26, 2020

Blocking these bots would prevent Axos from being easily found on Google — the most popular website on Earth — and cripple its ability for new customers to find it online. In the past, a lot of organizations took the stance of blocking all the bots,” Valipireddy said. Hostile bots’ threats are very real, however. “If

Bots 56

Bots Ransomware Blocks Credential 56

PYMNTS

JULY 27, 2018

This means we’re able to block the majority of bad ad experiences, like malvertising and phishing scams, before the scams impact people,” Spencer said. “We We blocked 79 million ads in our network for attempting to send people to malware-laden sites and removed 400,000 of these unsafe sites last year.

Cryptocurrency 40

Cryptocurrency Scams Blocks Phishing 40

PYMNTS

FEBRUARY 14, 2020

Phishing is another favored tactic for cybercriminals, who continued to make use of this tried-and-true method in 2019 with the illegal use of some of the most popular eCommerce logos to draw in unsuspecting consumers. The report looked at data from 31 mobile payment operators across 20 countries and found that fraudsters attempted to make 1.6

Online and Mobile Banking 60

Online and Mobile Banking Fraud Prevention Authentication Account Takeovers 60