VISTA InfoSec

OCTOBER 21, 2024

The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data. A decent level of personalization will give you more control over your funds and help mitigate damage from unauthorized transactions.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Compromise 162

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

Fintech Finance

MAY 22, 2024

As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem. In a bid to sell this data to other criminals, they place part of the 16-digit numbers on illegal websites.

Fraud Detection 97

Fraud Detection Visa AI Technology 97

VISTA InfoSec

JULY 29, 2024

Theaddedanonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data. A decent level of personalization will give you more control over your funds and help mitigate damage from unauthorized transactions.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

Fintech News

MARCH 21, 2024

SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction monitoring, device fingerprinting, and comprehensive assessments to mitigate unauthorised use. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 113

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 113

Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Segpay

FEBRUARY 23, 2024

However, fraud mitigation in payment processing is a team sport. Monitor Constantly and Continuously: You should always look for signs of system compromise or common antics of fraudsters. KYC is vital to fighting fraud; do not compromise on this task, as it is your first line of defense. Your business relies on your vigilance.

Mitigation 52

Mitigation Process Payments Compromise 52

VISTA InfoSec

SEPTEMBER 5, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. Lets get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. Let’s get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

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

PYMNTS

AUGUST 3, 2020

Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. ” $4.13

B2B 131

B2B FPC Scams Email Compromise 131

Fintech News

OCTOBER 15, 2024

Sumsub’s solutions also help mitigate identity fraud risks, which have been on the rise globally. This has allowed HashKey to enhance its user verification process without compromising on regulatory requirements.

Verification 113

Verification Fraud Detection Money Laundering Compliance 113

VISTA InfoSec

OCTOBER 21, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients.

Audit 147

Audit Compliance Procedures Best Practices 147

Fintech Finance

JUNE 3, 2025

Spayce, which serves clients ranging from SMBs to large financial institutions in over 200 countries, now gains deeper visibility into transaction flows without compromising speed or customer experience. Financial crime is evolving rapidly, and the technology used to combat it must evolve even faster, said Peter Reynolds, CEO of ThetaRay.

Financial Crimes 52

Financial Crimes Crime Global Payments AI 52

The Payments Association

MARCH 25, 2025

Sends leverages AI to mitigate risks, comply with FCA, PSD2, and PCI DSS, and enhance client experience with secure and innovative services. At SENDS, we recognised early that outdated practices compromise security and efficiency, so we embraced AI-driven solutions to transform fraud detection and compliance.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

Fintech Review

APRIL 20, 2025

Cybertech helps mitigate these risks by securing each layer of the stack from device authentication to back-end systems. It allows them to scale rapidly without compromising security. Because financial data is highly valuable, banks and fintechs are required to maintain rigorous security protocols.

Finance 59

Finance Security Fraud Detection Encryption 59

VISTA InfoSec

OCTOBER 25, 2023

Here are some examples based on their criticality: High criticality assets , such as primary data centers, key network infrastructure (including routers, switches, and firewalls), and critical applications, could cause significant harm to an organization’s operations or reputation if they’re compromised.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

The Payments Association

JUNE 16, 2025

Retailers and service providers may favour synchronous models to mitigate payment disputes. The reliance on Secure Elements introduces new dependencies for manufacturers and wallet providers, and if compromised, could open the door to widespread fraud. Secure Elements offer partial mitigation, but are not infallible.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

The Payments Association

OCTOBER 28, 2024

Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. Investment in consumer education, combined with continued innovation in fraud detection technologies, will be essential in mitigating these growing risks. What’s next?

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Test the IRP periodically to ensure its effectiveness in mitigating cyber incidents. 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

PYMNTS

OCTOBER 29, 2020

The pandemic has compromised the resilience of many supply chains throughout the world, with the insolvencies of one link causing widespread headaches both upstream and downstream. The threat of one vendor going under isn't the only type of financial risk in the supply chain today, however.

Risk 57

Risk Mitigation Assessments Shutdown 57

VISTA InfoSec

JANUARY 18, 2024

These requirements’ main objective is to safeguard sensitive cardholder information and mitigate data breaches. Additional security measures are documented and put into effect that mitigate the risk of using insecure services, protocols, or daemons. With the impending retirement of PCI DSS v3.2.1

PCI DSS 289

PCI DSS Procedures Encryption Security 289

Fintech News

JUNE 10, 2024

Akira affiliates gain initial access by exploiting vulnerabilities, brute-forcing services like Remote Desktop Protocol (RDP), social engineering, and using compromised credentials. Simulated phishing exercises are an effective way to reinforce this training and help mitigate risks.

Ransomware 107

Ransomware Authorization Phishing Cybersecurity 107

VISTA InfoSec

AUGUST 5, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients.

Audit 130

Audit Compliance Procedures Best Practices 130

Fintech News

MAY 8, 2024

The VAAI Score seeks to mitigate this risk by reducing false positives by 85% compared to previous models, offering a more precise detection capability. Initially available to U.S. Visa reports that 33% of accounts targeted by enumeration attacks experience fraud within five days of the breach.

Bots 113

Bots AI Issuers Fraud Prevention 113

VISTA InfoSec

FEBRUARY 13, 2024

These threats are widespread and can also lead to severe consequences, including financial loss, and the compromise of personal and sensitive data. Employees who are aware of the risks associated with cyber threats and the steps they can take to mitigate these risks form a solid first line of defence against bad actors in the digital sphere.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

VISTA InfoSec

MAY 15, 2025

What is SWIFT CSP The SWIFT CSP, launched in 2016, is designed to mitigate cybersecurity risks and enhance the overall security of financial institutions. Prevent Compromise of Credentials 4.1 Regularly Update and Patch Systems Apply security updates to all SWIFT-related components to mitigate known vulnerabilities.

SWIFT 100

SWIFT Security Best Practices PCI DSS 100

VISTA InfoSec

JUNE 3, 2024

Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals. According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords.

MFA 130

MFA Credential PCI DSS Compliance 130

Trade Credit & Liquidity Management

JUNE 2, 2025

Risk Mitigation Tools: Maintain a toolkit of flexible solutions, such as milestone payments, escrow, collateral, guarantees, or credit insurance, to balance risk management with sales enablement. Look for ways to adapt procedures to support sales without compromising risk standards. Is this post helpful?

Liquidity Management 52

Liquidity Management Risk Mitigation Risk Assessments 52

VISTA InfoSec

AUGUST 8, 2023

It can affect productivity, but you can mitigate the impact of attacks by deploying protective gear and training systems for your business and employees. Make Strong Password Usage and Multi-Factor Authentication Necessary There has been a huge report of employee passwords being compromised or stolen due to missing devices and other factors.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

PYMNTS

SEPTEMBER 21, 2019

They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks become more sophisticated, so much small businesses’ mitigation tactics. ” The U.S.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

FICO

JUNE 11, 2020

While convenient for customers, unattended pumps make it easier for use fraudsters use compromised cardholder information (available in plentiful supply on the Dark Web ) to make fraudulent purchases. . As a result, Falcon can proactively increase fraud detection while simultaneously decreasing the false-positive rate. .

EMV 72

EMV Compromise Fraud Prevention CHIPS 72

Fintech News

APRIL 7, 2024

Their comprehensive discussion sheds light on the significance of advanced AI and fraud detection technologies, and the importance of collaborative efforts to mitigate these risks. Stuart Wells These technologies play a crucial role in verifying identities in an environment increasingly compromised by sophisticated fraud.

Deepfake 134

Deepfake Scams Fraud Detection Verification 134

FICO

NOVEMBER 10, 2020

As someone who has worked in fraud detection and mitigation for more than 30 years, I wanted to share some important facts on how banks and card issuers protect their customers from fraudulent transactions: with multiple defenses that are often invisible, and more importantly, often intentionally frictionless. Emphases added.).

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Test the IRP periodically to ensure its effectiveness in mitigating cyber incidents. 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

Finovate

NOVEMBER 6, 2024

“In the race to realize their own crypto offerings, financial institutions require efficient trading and custody solutions without compromising on regulatory compliance,” Boerse Stuttgart Digital Chief Digital & Product Officer Ulli Spankowski said. Registered with the U.K.

Blockchain 64

Blockchain Cryptocurrency SWIFT Payments 64

VISTA InfoSec

JUNE 21, 2023

Data breaches are affecting millions of people across the globe, with over 340 million records already compromised in 2023 headline cases and new incidents surfacing every week. They will help analyze the threat, the extent of the breach, and how to mitigate it.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130