PYMNTS

JUNE 29, 2020

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

MFA Risk Security API 96

VISTA InfoSec

JULY 29, 2024

Whichever cryptocurrenciesyouretrading in, make sure to look for these security features in yournextcrypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password. Fortunately, most wallet developers take malicious actors seriously.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

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

JUNE 27, 2024

Upon investigation, it was revealed that personal information such as student names, addresses, dates of birth, and potentially other sensitive details had been compromised.

FBI 130

FBI Breach MFA Cybersecurity 130

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

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

Segpay

DECEMBER 13, 2024

Traditionally, organizations have employed a range of methods for identity verification, from passwords to multi-factor authentication (MFA) and, increasingly, biometric solutions. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105

Privacy Compliance CCPA Authentication 105

Stax

MARCH 4, 2024

Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. Many people use MFA when making purchases through Apple Pay, for example, using Face ID or a passcode to complete a purchase. What is SSL/TLS? Q: What is the most secure online payment method?

PCI DSS 88

PCI DSS Payment Security Security MFA 88

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. Hook is a type of malicious software specifically designed to target mobile banking apps.

Mobile Banking 117

Mobile Banking Online and Mobile Banking Identity Theft Credential 117

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 9, 2020

SCA, MFA, All the Way. Increasingly, that work is being performed by dynamic global identity verification platforms that use strong consumer authentication (SCA) and/or multi-factor authentication (MFA) to harden the onboarding process against an army of cyberthieves exploiting pandemic disorder. percent ‘less likely to be compromised.’

AML 52

AML MFA Authentication Verification 52

VISTA InfoSec

APRIL 3, 2024

Whether it’s falling prey to sophisticated phishing schemes or mishandling sensitive information, the actions of untrained or uninformed staff can compromise an entire organization’s security. Employees, often regarded as the weakest link in the security chain, can inadvertently become conduits for cyber attacks.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

Stax

AUGUST 20, 2024

While security is paramount, it’s important not to compromise the user experience. This is what’s commonly known as two-factor authentication (2FA) or multi-factor authentication (MFA). MFA is similar but requires customers to enter three pieces of information instead of two. 3D Secure 2 (3DS2) meets the criteria for PSD2.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

PYMNTS

FEBRUARY 8, 2019

A successful email campaign that steals the password of a company’s Uber account could also compromise an organization’s online banking credentials or accounting app login information. “We have a lot of customers not even employing MFA. How can you not do that?

Phishing 66

Phishing Credential Payment APIs and Integration MFA 66

Segpay

NOVEMBER 26, 2024

These platforms often rely on a combination of multi-factor authentication (MFA), which may include passwords, biometric verification (e.g., Self-sovereign identity models will enable consumers to use a single, secure digital identity across multiple platforms and payment services without compromising privacy.

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

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 P2P Is A Double-Edged Sword. percent of attacks that utilize stolen credentials.”.

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

PYMNTS

JULY 13, 2020

Many FIs are also adopting multi-factor authentication (MFA), which requires customers to confirm their identities in several ways, such as by entering login details and keying in a one-time code sent to their smartphones via text.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

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 Layer 2 – Authentication.

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

Basis Theory

OCTOBER 1, 2024

To ensure the keys themselves aren’t compromised, PCI provides guidance for key management (generation, storing, TTL, retirement, etc.) Maintain a Vulnerability Management Program Bad actors have many tools to help them compromise systems, including malware and viruses. Learn more about PCI DSS Requirement 4.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

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 Layer 2 – Authentication.

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40

EBizCharge

JULY 19, 2024

PDF forms generally can’t enforce role-based access control or multi-factor authentication (MFA), which are fundamental to PCI compliance. Therefore, PDF forms don’t guarantee that only authenticated personnel access sensitive data, compromising the security of credit card information. 5.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

Seon

SEPTEMBER 28, 2023

Password management : Using multi-factor authentication (MFA) and password managers. Here’s how: Office and data hygiene improvements reduce the likelihood of data being compromised. Anti-phishing awareness : Not being too trusting or emotionally invested in the content of emails, phone calls, and instant messaging.

Security 52

Security Phishing Best Practices Data Breach 52

Stax

JULY 9, 2024

Data breaches that compromise consumer payment or sensitive business data, identity theft, and other forms of fraudulent transactions are all current threats of doing business—however, that is simply part of doing business in today’s digital age. Essentially, most payments conducted nowadays are EFT payments and are also considered safe.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

SEPTEMBER 7, 2017

At the same time, banks have a strong desire to provide a smoother and more frictionless customer experience without compromising security. For example, we see a trend toward employing more intelligence in multi-factor authentication (MFA), leading to conditions that reduce the number of triggers.

Same Day ACH 46

Same Day ACH Fraud Detection Innovation Fraud Prevention 46

VISTA InfoSec

MAY 5, 2025

Implement security controls Deploy required cybersecurity measures like multi-factor authentication (MFA), data encryption, and segregation of duties. Focus on core security measures like multi-factor authentication (MFA), encryption, and access management. Operational Disruption : Delays, errors, and compromised systems.

SWIFT 130

SWIFT Security Compliance MFA 130

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

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 118

Security Phishing Breach Audit 118

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. Enforcing MFA, monitoring for reused credentials and taking down spoofed domains are essential to protect users and prevent cross-platform compromise.

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). Using stolen session cookies, the attacker can authenticate themselves into the victim’s account, gaining unauthorised access to emails or other resources.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88