Remove Bots Remove Compromise Remove Phishing
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Deep Dive: Reducing The Security Risks Of Open Banking

PYMNTS

The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems. Any data breach that exposes one of their accounts potentially compromises every account that shares the same password. There were 85.42

MFA 96
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ProofPoint Warns Of Bank Trojans: A Massive Threat Executives May Overlook

PYMNTS

Business Email Compromise scams continue to grow and steal more corporate money than ever before. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. ProofPoint’s report does not underestimate the strength of ransomware attacks via phishing.

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When The Text Message From The Bank Isn’t From The Bank

PYMNTS

In the third quarter of 2019 alone, mass “bot” attacks on FIs and card accounts rose by 70 percent year on year, indicating that fraud is getting, well, faster. We are able to put strategies in place right now, before the attack becomes a broad compromise,” Lynch said. The Linked Analysis Defense.

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Apple Devices Can Now Use Google Two-Factor Authentication

PYMNTS

Compromised credentials are one of the most common causes of security breaches. Google says iPhone and iPad users can now verify sign-ins with their Android security key, according to a report by TechCrunch. Since the introduction of 2SV, Google said, 100,00 users are using their Android devices as a security key.

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Payment Security: Everything You Need to Know About Secure Payments

Stax

Identifying and Mitigating Payment Security Threats Phishing scams, social engineering, bot attacks—these are just a few of the most pressing cybersecurity threats that can be so devastating they have real-time effects. Finally, train employees on security best practices and how to recognize phishing attempts and other frauds.

PCI DSS 88
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Deep Dive: Confronting APIs’ Authentication, DDoS Security Threats

PYMNTS

Social media networks’ APIs could collect users’ contact information for scammers’ targeted phishing campaigns, for example. Others gain system access by intercepting and viewing messages with API keys or using phishing attacks to trick legitimate users into connecting with hackers’ systems, enabling fraudsters to acquire those keys. .

API 52
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Virtual Credit Card Fraud: Its Risks & How to Prevent it

Seon

Like any online account, virtual credit card accounts, the mobile wallets they are kept in, and even the online bank accounts they may be connected to are vulnerable to account takeover (ATO) fraud , phishing, and more sophisticated attacks, such as man-in-the-middle attacks. How Can Virtual Credit Card Fraud Affect Your Business?