Fintech Finance

FEBRUARY 20, 2025

Cybercriminals are exploiting payout systems with increasing sophistication, using malware, fake identities, and AI-driven phishing attacks to target funds from survey remuneration, loyalty cash-out, incentive programs, commission earnings, and class action settlements.

PCI DSS 86

PCI DSS Security Payment APIs and Integration MFA 86

VISTA InfoSec

OCTOBER 21, 2024

This is chiefly due to the fact that quantum computers will be able to hack through current common encryption algorithms like RSA, ECDSA, and ECDH. As it stands, there’s already a potential fix in the form of cloud-based quantum-proof encryption, which is expected to be a larger focus in the coming years.

Cybersecurity 221

Cybersecurity Encryption Scams Cryptocurrency 221

Fintech Review

APRIL 20, 2025

In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. The risks range from phishing and account takeovers to ransomware and insider threats. More than just firewalls and antivirus software, modern cybertech is proactive and adaptive.

Finance 59

Finance Security Fraud Detection Encryption 59

VISTA InfoSec

AUGUST 8, 2023

Encrypting your most critical data in return for a huge payment before restoring access. Phishing Attacks Phishing attacks are usually deployed via emails and malicious websites. Encryption Encryption tools are quite valuable in securing your data from being tracked and used by authorized individuals.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

VISTA InfoSec

SEPTEMBER 5, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. Lets get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. Let’s get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

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. Encryption is a vital safeguard that transforms data into a format that is unintelligible without the corresponding decryption key.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

The Payments Association

DECEMBER 10, 2024

Understanding AI-enabled fraud As fraudsters invest in more sophisticated technology, including deepfakes, synthetic identities and automated phishing, the need for payments firms to adopt better AI-driven fraud detection systems grows. The payments sector is investing heavily in AI technologies to combat these rising threats.

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88

VISTA InfoSec

SEPTEMBER 25, 2024

This is chiefly due to the fact that quantum computers will be able to hack through current common encryption algorithms like RSA, ECDSA, and ECDH. As it stands, theres already a potential fix in the form of cloud-based quantum-proof encryption, which is expected to be a larger focus in the coming years.

Cybersecurity 130

Cybersecurity Encryption Scams Cryptocurrency 130

Segpay

FEBRUARY 21, 2024

Phishing and Social Engineering Prevention: Phishing and social engineering attacks pose significant cybersecurity threats. Generative AI assists in developing sophisticated algorithms that can analyze communication patterns, identify phishing attempts, and recognize social engineering tactics.

AI 105

AI Innovation Fraud Detection Encryption 105

VISTA InfoSec

DECEMBER 19, 2024

Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements. Use multi-factor authentication (MFA) for SWIFT interfaces and applications. Regularly review and update user access privileges.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

JUNE 7, 2018

A phishing scam purporting to come from Apple is the most popular that we’ve seen,” Security Boulevard said. “It And not all criminal threats related to GDPR — or the PSD2 , another major European regulation for digital activity — will involve phishing attempts. All that back-and-forth results in all those notices. “A

Phishing 43

Phishing Scams Regulations Ransomware 43

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes.

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

PYMNTS

JULY 19, 2020

Javvad Malik , security awareness advocate at KnowBe4, said the attack highlights the need for “a layered defensive strategy, in particular against credential stuffing, exploitation of unpatched systems, and phishing emails which are the main source of ransomware,” teiss reported.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

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 45

Phishing Ransomware EMV CHIPS 45

FICO

MARCH 29, 2020

Phishing attacks are on the rise, with fraudsters posing as legitimate organizations such as the World Health Organization in an attempt to get you to click links or open attachments that will install malware and steal information. 74% of all phishing sites now use SSL. If it’s a phone call, Google the number + the words “who called”.

Scams 92

Scams Tax Refunds Phishing Wire Transfer 92

PYMNTS

APRIL 4, 2019

” Victims are met with a blue screen on their computers, with the ransomware encrypting company data. 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 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

VISTA InfoSec

DECEMBER 19, 2024

Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements. Use multi-factor authentication (MFA) for SWIFT interfaces and applications. Regularly review and update user access privileges.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

The Paypers

JUNE 2, 2016

(The Paypers) According to a report released today by PhishMe , 93% of phishing emails have contained encryption ransomware.

Ransomware 28

Ransomware Phishing Encryption 28

The Paypers

JANUARY 15, 2019

(The Paypers) MalwareHunterTeam have discovered a new ransomware that not only encrypts users’ files, but also tries to steal their PayPal credentials with an included phishing page.

Ransomware 28

Ransomware Phishing Credential PayPal 28

Fintech Review

MARCH 18, 2025

This emerging technology holds particular relevance for fintech, which relies heavily on encryption to secure transactions and data. Researchers warn that powerful quantum computers could one day crack traditional encryption methods in a feasible time. Over time, cybersecurity threats pushed fintech security to evolve further.

Security 66

Security Encryption FinTech Breach 66

PYMNTS

NOVEMBER 14, 2019

The fraudsters gain access, because at some level, humans are vulnerable to phishing campaigns and other attacks. The devaluation comes through encrypted solutions or tokenization. He cautioned that a company’s controls are never absolute in nature — because, after all, software comes with bugs. People make mistakes.

AI 84

AI Transactions Phishing Cybersecurity 84

PYMNTS

SEPTEMBER 17, 2018

Writ large, the attack and entré into the Bangladesh Bank two years ago took place by sending phishing emails to employees of the bank and — upon snaring some unwitting victims — gaining access to SWIFT. Those technical similarities spanned malware functionality, common encryption keys and domains programmed into the malware.

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

Stax

MARCH 27, 2025

The Electronic Funds Transfer Act (EFTA) also requires added security features, such as multi-factor authentication, end-to-end encryption, and tokenization. Security risks: Phishing scams, theft, and hacking make EFTs a less secure option than ACH. These help protect both businesses and customers against potential fraud.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

Stax

APRIL 10, 2025

Its role is to encrypt and securely transfer your customers payment data to your payment processor. All the data transfer between the digital wallet and your payment terminal are encrypted and the system also uses tokenization to ensure iron-clad data security.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

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. In both instances, the lack of a second authentication method leaves an exposed vulnerability.

Authentication 130

Authentication MFA Cybersecurity Credential 130

EBizCharge

OCTOBER 25, 2023

Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. Phishing attacks are the most common way to get these credentials, but other methods can be used to access this information.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

The Fintech Times

MAY 14, 2024

For example, using APIs and encryption. The connection between apps and open banking is also encrypted, which helps to keep data safe. Eighteen per cent felt the site might be a scam or phishing site. “But with open banking, you need to use secure data-sharing practices to ensure that customer data is protected.

Consumer 64

Consumer Encryption API Phishing 64

Payment Savvy

DECEMBER 3, 2020

Phishing is when a cyber thief collects personal or sensitive information like passwords and credit card information using a fraudulent website that seems legit to the victim. Encrypt and Back-Up Data. Data encryption is the most effective way of protecting yourself from cyber fraud. Use a firewall for your internet connection.

Encryption 52

Encryption Data Encryption Identity Theft Cybersecurity 52

PYMNTS

MARCH 6, 2020

South Carolina’s Mailprotector offers customers email security and encryption technology designed for businesses, governments and nonprofits. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. Mailprotector. Chqbook.com.

B2B 80

B2B FinTech MSPS Email Compromise 80

VISTA InfoSec

JUNE 21, 2023

This could include setting up a fraud alert for credit files, changing passwords, setting up two-factor authentication (2FA), keeping a close eye out for phishing emails or unusual activity in bank accounts. You can also include links to up-to-date information on identity theft if appropriate. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

OCTOBER 7, 2020

The Financial Crimes Enforcement Network recently issued a warning that fraudsters are leveraging various illicit methods, including malware, phishing schemes, extortion and business email compromise (BEC) scams — all with a COVID-19 twist.

Bitcoin 93

Bitcoin Consumer Cryptocurrency Scams 93

PYMNTS

FEBRUARY 28, 2020

Stolen credentials are often purchased from dark web marketplaces, or gathered via phishing emails and brute force attacks on other websites. Dropbox institutes extensive employee training on how to identify and flag potential phishing attacks, and even takes the process a step further. “We

Credential 52

Credential Phishing Fraud Prevention Best Practices 52

PYMNTS

MAY 16, 2019

According to a report in Reuters , the Eastern European GozNym network, whose leader resides in Tbilisi, Georgia, sent phishing emails to install malware on more than 41,000 computers. Cybercriminal groups aren’t only using phishing emails to trick users. Six countries, including the U.S., Moldova and Ukraine.

Phishing 46

Phishing Account Takeovers Credential Encryption 46

PYMNTS

OCTOBER 9, 2020

Some bad actors are employing the encryption tools used by social messaging app Telegram , for example, in order to hide stolen payment details or personal data such as email addresses from detection. Skimming is a tried-and-true tactic, but fraudsters are also experimenting with new tools.

Automation 75

Automation Debit Card Identity Theft Contactless Payments 75

Fintech News

FEBRUARY 10, 2025

A majority of these funds were stolen through private key compromises, phishing schemes, and decentralised finance (DeFi) exploits. Reports indicate that investors in China, India, and the Philippines lost upwards of USD $200 million to crypto-related phishing scams and fake investment platforms over the year. billion globally.

Crime 74

Crime Ransomware Scams Phishing 74