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Cyber Threats Surge in India’s Financial Sector

Fintech News

The technology is enabling large scale impersonation scams, including executive-level business email compromise (BEC) attacks and misinformation campaigns. These credentials are acquired through phishing, information stealing malware, or dark web purchases, targeting usernames, passwords, and session cookies that bypass MFA.

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Navigating the rise of AI-enabled fraud

The Payments Association

Other ways fraudsters leverage the latest technology to fraudulently extort firms and consumers are through machine learning, natural language processing (NLP), and deep learning to conduct sophisticated scams and bypass traditional security measures. fingerprints, facial recognition), and behavioural biometrics (e.g.,

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Advanced Data Security: Safeguarding Your Business In The Digital Age  

VISTA InfoSec

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). Once you identify your assets and potential threats, scrutinize your IT systems for vulnerabilities. Outdated software?

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Zelle: The Role Of AI In Stopping COVID-Related P2P Payment Scams

PYMNTS

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. How P2P Payment App Zelle Leverages AI To Fight Scams And Frauds. P2P payment apps face a double-edged cybercrime threat, with both ATOs and scams targeting their users. About The Playbook.

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AP Automation Combats COVID Scams

PYMNTS

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.

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Remote Onboarding Boom Being Secured By Multifactor Authentication

PYMNTS

Financial institutions (FIs) and other issuers need more assurance than they’ve been getting, however, as cyber scams founded on false identities and bogus accounts are through the roof. Remote onboarding has overtaken (some might say overwhelmed) banks and merchants all year long as a deluge of faceless applicants opened accounts and cards.

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Fighting Scams and Authorized Push Payment Fraud in the US

FICO

Fighting Scams and Authorized Push Payment Fraud in the US. Also known as scams or authorized user fraud, this multi-billion-dollar global fraud challenge is a real headache for consumers and banks. . Scams and P2P Payments Are Front and Center. The reality is that the US is reaching a tipping point for P2P scams.

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