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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

However, with this widespread adoption comes an equally significant risk which is the growing threat of data breaches and payment fraud. In todays article, we are going to learn how PCI DSS compliance protects businesses from data breaches. The financial implications of these breaches are profound.

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Cyber Threats Surge in India’s Financial Sector

Fintech News

These advanced impersonations, which use convincing AI-generated audio and video, trick users into revealing multi-factor authentication (MFA) codes or approving unauthorized authentication requests. India is experiencing a rise in deepfake identity fraud, with cases surging by 550% since 2019. billion) in 2024 alone.

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Digital Identity Verification 

Segpay

The Importance of Reliable Digital Identity Verification In a digital world, ID verification is a trust-building mechanism that protects both the user and the organization. Proper digital identity verification tools help protect sensitive data from unauthorized access and security breaches.

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Guarding the Gates: Data Compliance and Privacy

Segpay

The Intersection of Data Privacy and Identity Management Source: ID Management Institute Identity management helps authenticate users and makes sure that only authorized individuals can access certain information. If a breach occurs, identity data, once compromised, is hard to restore.

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The Role of Liveness Detection in Banking Security

Fi911

We’ve moved beyond the era of simple password breaches. As traditional safeguards like passwords and two-factor authentication fall short, liveness detection adds a crucial, real-time layer to identity verification. In an age of rapid tech advancements, the banking industry faces fresh security risks.

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5 Common Types of Fraud that Threaten Neobanks

Seon

As neobanks evolve, the one downside of their innovation is that it opens up many new methods of attack for fraudsters, such as identity theft, fraud rings, and account takeover attacks. Identity theft: Scammers can commit identity theft by using methods like phishing and vishing to impersonate genuine users.

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What Are the Risks of Business Email Compromise & How Can You Prevent Them?

Seon

Accordingly, BEC is not just limited to account takeovers and identity theft, but can also be a means for fraudsters to become imposters looking to subject the target company to further data breaches. Use multi-factor authentication (MFA) to alert you immediately to an unrecognized sign-in attempt.