Remove MFA Remove Multi-Currency Remove SWIFT
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5 Common Cybersecurity Blunders Often Made by Commercial Enterprises

VISTA InfoSec

Unencrypted Data Data is a highly valuable currency of its own in the digital age, so it’s vital for any business to make data protection a major priority. Furthermore, strong authentication measures, such as two-factor or multi-factor authentication (MFA), verify the user’s identity before granting access to sensitive systems and data.

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$13.5M Loss Shows Why Layered Fraud Defences Matter

FICO

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. The group is also alleged to have orchestrated the $81 million cyber heist at Bangladesh Bank by siphoning off SWIFT payments from the bank’s Federal Reserve account. Multi-Entity Profiling.

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$13.5M Loss Shows Why Layered Fraud Defences Matter

FICO

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. The group is also alleged to have orchestrated the $81 million cyber heist at Bangladesh Bank by siphoning off SWIFT payments from the bank’s Federal Reserve account. Multi-Entity Profiling.

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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

The EFT payment market is a multi-billion dollar industry, forecasted to reach over 100 billion by 2028. Traditional payment methods, such as mailing checks, can take several days to process, whereas EFT payments are swift and can be completed within minutes. There are several EFT payment types that we’ll discuss in this post.