VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Use multi-factor authentication (MFA) for SWIFT interfaces and applications. SWIFT CSCF v2024 key objectives and principles Below are the 3 key objectives and 7 principles, as defined in the updated SWIFT CSP framework.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Use multi-factor authentication (MFA) for SWIFT interfaces and applications. SWIFT CSCF v2024 key objectives and principles Below are the 3 key objectives and 7 principles, as defined in the updated SWIFT CSP framework.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

Fintech News

MARCH 25, 2024

It typically operates by infecting a user’s device through various means, such as phishing emails, fake apps, or compromised websites. However, behind the scenes, the malware captures the user’s login credentials, account information, and other sensitive data entered into the fake UI.

Mobile Banking 120

Mobile Banking Online and Mobile Banking Identity Theft Credential 120

VISTA InfoSec

MAY 15, 2025

Prevent Compromise of Credentials 4.1 Implement robust authentication mechanisms such as MFA. Reduce Attack Surface and Vulnerabilities 2.1 Internal Data Flow Security 2.2 Security Updates 2.3 System Hardening 2.4A Back Office Data Flow Security 2.5A External Transmission Data Protection 2.6 Vulnerability Scanning 2.8

SWIFT 100

SWIFT Security Best Practices PCI DSS 100

PYMNTS

JUNE 8, 2020

FIs may need to provide data to FinTech startups without dedicated cybersecurity teams, for example, which could then be more easily compromised by hackers who will steal sensitive bank customer data. MFA requires customers to prove their identities by providing at least two types of credentials. Fighting Phishing.

Authentication 60

Authentication MFA Phishing Scams 60

PYMNTS

FEBRUARY 8, 2019

Plus, professionals will often use paper or spreadsheets to keep track of those login credentials. The reliance on passwords means those credentials become more of a security liability than protector, as cyberattackers attempt to infiltrate enterprise systems. “We have a lot of customers not even employing MFA.

Phishing 66

Phishing Payment APIs and Integration Credential MFA 66

PYMNTS

JULY 13, 2020

Bad actors attempting ATOs seek to gain control of victims’ bank accounts without alerting FIs, and they therefore aim to obtain the login credentials necessary to smoothly move through FIs’ authentication measures. Some of these attacks see bots entering random words and numbers, while others involve entering common usernames and passwords.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

OCTOBER 21, 2020

This means that even one compromised account could threaten all others that rely on the same credentials, potentially costing victims a fortune in stolen money and data.”. Studies have found that using MFA can prevent more than 99.9 percent of attacks that utilize stolen credentials.”. P2P Is A Double-Edged Sword.

P2P 56

P2P Security MFA Financial Crimes 56

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

FICO

SEPTEMBER 17, 2018

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. Cosmos Bank in India recently had $13.5

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

FICO

SEPTEMBER 19, 2018

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. Cosmos Bank in India recently had $13.5

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40

VISTA InfoSec

JUNE 4, 2025

Prevent Compromise of Credentials 4.1 Implement robust authentication mechanisms such as MFA. Reduce Attack Surface and Vulnerabilities 2.1 Internal Data Flow Security 2.2 Security Updates 2.3 System Hardening 2.4A Back Office Data Flow Security 2.5A External Transmission Data Protection 2.6 Vulnerability Scanning 2.8

SWIFT 130

SWIFT Security Best Practices PCI DSS 130

The Fintech Times

MAY 24, 2025

per cent of third-party breaches, with file transfer software and cloud platforms being the most frequent points of compromise. Enforce strong credential protections Credential stuffing campaigns and typosquatting attacks impacted a majority of firms. Application Security and DNS Health were the most common weaknesses, with 46.4

Cybersecurity 58

Cybersecurity FinTech Breach Third Party Vendors 58

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

Fintech News

MARCH 1, 2025

This suggests attackers are refining methods to penetrate offline storage through compromised internal systems or supply chain attacks. Key compromises often happen through phishing attacks, malware, or social engineering tactics. MFA adds another layer of security by requiring multiple verification steps before granting access.

Security 120

Security Phishing Breach Audit 120