Fintech News

MAY 8, 2025

These chatbots leverage AI with natural language processing (NLP) capabilities to engage potential victims in seemingly benign conversations, subtly extracting credentials or sensitive data over time. Common vulnerabilities include poor access controls, the lack of MFA, delayed security patches, and mismanagement of privileged accounts.

Deepfake 121

Deepfake Data Breach MFA Phishing 121

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. The report states that these victims mostly lost their money to BEC scams. The report states that these victims mostly lost their money to BEC scams. The most damaging form of BEC is account takeover (ATO) attacks.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

APRIL 21, 2020

Business email compromise (BEC), B2B phishing scams, synthetic identities, fake accounts and trillions of aid dollars flooding out at a time of maximum uncertainty make this a fraudster’s paradise. COVID-19 has afforded internet villains what will certainly go down as the greatest cybertheft opportunity of their shadowy lifetimes.

Scams 63

Scams Automation Phishing Email Compromise 63

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). These schemes typically involve: Phishing emails : Crafted to trick users into sharing login credentials.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88