Finextra

AUGUST 1, 2025

Cybercriminals continually exploit weak or stolen credentials, making stronger authentication methods essential for family offices. Regularly scheduled workshops and practical sessions educate employees on recognizing phishing attempts, avoiding suspicious links, and creating strong passwords.

Security

Fintech News

APRIL 22, 2024

While this digital transformation offers undeniable convenience, it also introduces new challenges to mobile security in Indonesia Malware and phishing attacks pose a significant threat to the integrity and security of financial platforms, jeopardising both user data and financial security. A 2023 report by Kaspersky found that 40.8%

Phishing

VISTA InfoSec

FEBRUARY 25, 2024

They take advantage of vulnerable software, stolen credentials, tricked employees, business partner access, unencrypted transfers, and even insider threats to penetrate networks. You might be able to prevent data breaches by hiring cybersecurity services to harden systems continuously. Conduct audits periodically post-partnership.

Data Breach

Fintech News

JULY 9, 2024

Announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), this move aims to better protect customers from phishing scams. Phishing scams were among the top five scam types last year, with at least S$14.2

Phishing

PYMNTS

MAY 28, 2020

These threats reflect a resurgence in hacking and phishing attempts by cyber criminals as the commercial and government-backed attackers try to seize opportunities for scams amid the COVID-19 pandemic, Google wrote. Google said it provides the strongest protections available against phishing and account hijackings.

Phishing

PYMNTS

MARCH 3, 2017

Especially when it comes to phishing schemes, which typically don’t take as much effort but can result in huge payouts. PYMNTS: How have phishing schemes evolved in recent years? PYMNTS: Can you discuss the biggest trends observed in financial phishing, banking malware and Android banking malware?

Phishing

The Fintech Times

FEBRUARY 9, 2024

In fact, it found that AI-enhanced phishing affected 91.1 Now, more than ever, corporations need to prioritise comprehensive cyber protection solutions to ensure business continuity.” of Organisations Impacted by AI-Enhanced Phishing Attacks, Acronis Reports appeared first on The Fintech Times. The post 91.1%

Phishing

PYMNTS

APRIL 24, 2020

The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. Clicking on the link directs users to a page that looks like the authentic Microsoft Office 365 login web page and tries to pilfer the recipient’s corporate credentials.

Phishing

Fintech News

SEPTEMBER 17, 2024

Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams. While banks will continue to do their part to fight scams, customers need to be vigilant themselves and practice good cyber hygiene.”

Verification

The Fintech Times

JULY 10, 2024

This decision aims to fortify the defence against phishing scams, a persistent threat in the digital banking landscape. Despite their benefits in reducing unauthorised access, OTPs have become increasingly vulnerable to sophisticated phishing techniques, where scammers create fake websites to trick users into revealing their OTPs.

Phishing

The Fintech Times

DECEMBER 18, 2023

“A never-ending stream of data breaches combined with highly sophisticated and technical attacks means the stolen personal information available on the dark web is continuously replenished. Take company-wide training to identify phishing attacks for example. Deep fake threats John Baird, co-founder and CEO of Vouched.

Cybersecurity

Fintech News

SEPTEMBER 22, 2024

In 2023, the financial services industry continued to sustain the most automated bot attacks, with 1.8 Payment fraud, in which stolen payment credentials are used to make illegal transactions, rose by 9% YoY, signaling heightened financial risks for banks. Financial services, meanwhile, continued to sustain the most attacks overall.

Accounts

PYMNTS

AUGUST 24, 2020

A 60 percent increase in ransomware payments signals continued B2B payment attacks, according to the latest data from Coveware. Reports said the fraudsters have stolen more than 800 sets of credentials in an attempt to commit B2B payment fraud via spear-phishing attacks. Canada and the world over.

Scams

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. Maintaining routine backups of critical data is essential for ensuring business continuity. Employee education plays a critical role in cybersecurity.

Ransomware

The Fintech Times

DECEMBER 18, 2023

Tending to this need, Zally , the continuous authentication platform, is building up for its launch in 2024. Based in Manchester, Zally is urging online businesses to prioritise adopting solutions that leverage continuous authentication and utilise behavioural biometric analysis.

Authentication

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Monitoring and Threat Detection Deploy tools for continuous monitoring of SWIFT-related environments. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements.

SWIFT

PYMNTS

MAY 2, 2016

According to security researchers from PhishLabs , Google Play has a bit of a phishing problem. “These attacks combine traditional, browser-based phishing attacks with the mobile platform in order to create convincing mobile applications,” according to security analyst Joshua Shilko, who works at PhishLabs.

Phishing

PYMNTS

JULY 27, 2020

This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more. Forty-seven percent of respondents said the reason they fell for a phishing scam was simply because they were distracted. In a survey of 1,000 U.K.

Law Enforcement

VISTA InfoSec

NOVEMBER 7, 2023

This reduction of the “single-factor” risk is critical in an era when cyber threats are growing daily, including: Phishing attacks : Cybercriminals trick users into revealing sensitive information, often by posing as trustworthy entities. System verification : The system checks the entered credentials.

Authentication

Fintech News

MARCH 25, 2024

The 2023 Mobile Banking Heists Report, released in December 2023, provides an overview of the risks to mobile financial applications, highlighting the continued evolution and success of mobile banking malware and mobile banking fraud around the globe. Hook is a type of malicious software specifically designed to target mobile banking apps.

Mobile Banking

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. And, as online sales continue to skyrocket, so too does the number of fraud attempts. Additionally, businesses should conduct continuous monitoring of transactions and audits to detect potential fraud early.

Account Takeovers

Fintech Finance

NOVEMBER 6, 2024

In just a few months, the Mastercard Payment Passkey Service has rapidly gained momentum with merchants, and continues to scale as leading banks, payment aggregators and online merchants adopt the service.

Visa

PYMNTS

APRIL 4, 2019

The threat of cyberattacks continues to grow, and small businesses (SMBs) are caught in the crosshairs. More recently, analysts at Vade Secure issued a warning over an emerging phishing strategy looking to steal corporate funds. Through the spear phishing campaign, an unwilling employee inputs those credentials for the criminal.

Ransomware

PYMNTS

MAY 22, 2020

Financial institutions (FIs) are no strangers to financial crime, with fraudsters continually targeting them and their customers for money and data. People are one click away from a malware download or credential phishing [website]. Training individuals to spot these attempts can help stop financial crimes at the source. “We

Fraud Prevention

Fi911

JANUARY 18, 2024

They often accomplish this by obtaining the victim’s login credentials through phishing emails, malware, or other fraudulent means. New Account Fraud A new account is opened using fake or stolen credentials. Meanwhile, the debt it forced onto the person whose Social Security information was used to secure the loan.

Account Takeovers

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s In many cases, experienced or tech savvy users can spot a phishing email scam from a mile away. Money On The (Cybercriminal) Brain.

Phishing

PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. FIs’ fraud-fighting budgets are hitting record highs as the threat of cybercrime continues to grow. For more on these and other digital-first banking news items, download this month’s Tracker.

Credential

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. most common) passwords and check them against millions of accounts.

Phishing

Fintech News

MAY 1, 2025

In contrast, social engineering attacks continue to decline in prevalence. Their decline in APAC suggests that organizations have become more vigilant and effective at countering these tactics, likely due to improved security awareness training, stronger authentication measures, and more widespread use of phishing-resistant technologies.

APACS

Fintech News

JANUARY 17, 2024

As the financial industry continues to evolve, so do the tactics fraudsters employ. Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022. Digital mule networks exploit this, testing stolen credentials across various banks.

Deepfake

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Monitoring and Threat Detection Deploy tools for continuous monitoring of SWIFT-related environments. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements.

SWIFT

PYMNTS

JULY 19, 2020

. “Affected customers have already been informed by Orange teams, and Orange continues to monitor and investigate this breach. Phishing attacks have surged in the midst of the pandemic, PYMNTS reported. Orange apologizes for the inconvenience caused,” the company said, according to teiss.

Ransomware

PYMNTS

DECEMBER 7, 2020

Business email compromise (BEC) scams continue to ravage company coffers. According to CNBC reports , the email phishing scheme involves attackers impersonating one business executive at a China-based business that offers temperature-controlled supply chain solutions.

Business Email Compromise

PYMNTS

JULY 1, 2019

As noted in a report by FireEye, the bad guys are continuing to leverage a tactic known as business email compromise (BEC), where that method of communication seeks to impersonate persons of authority from within a firm, or alternatively, legitimate business partners, to requests funds be sent to accounts (and then of course, pilfered).

Business Email Compromise

The Fintech Times

SEPTEMBER 21, 2024

This process aims to make it more difficult for scammers to take over a customer’s DT by setting it up on his own device using phished credentials such as an SMS, one-time passwords (OTPs) and/or bank card information. “MAS will continue to work closely with banks on measures to protect customers against scams.

Verification

PYMNTS

NOVEMBER 14, 2019

Many hackers are taking advantage of poor identity management and access protocols — meaning hackers need only steal the credentials of a single employee to gain access to critical administrative functions. The fraudsters gain access, because at some level, humans are vulnerable to phishing campaigns and other attacks.

AI

PYMNTS

NOVEMBER 22, 2016

These apps can trick unsuspecting consumers into downloading malware and compromising their login credentials and credit card information. According to the research study, cybercriminals leverage five of the leading eCommerce brands to exploit consumers doing Black Friday shopping across mobile and web. “The

Phishing