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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. Per the November Tracker , “Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years.

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Data Breaches 101: What They Are And How To Prevent Them

VISTA InfoSec

User Account Details Usernames, passwords, security questions, login timestamps, failed login attempt logs, password reset tokens, multifactor authentication details, and session IDs. Accidental data leaks by insiders mishandling information also trigger breaches frequently.

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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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Deepfakes Threaten To Become The New BEC Scam

PYMNTS

The business email compromise (BEC) scam continues to rear its ugly head at the enterprise, with the global pandemic creating even more avenues through which cyber attackers can steal company money. At the heart of BEC and other scams is impersonation.

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Hacker Tracker: Call Center Scams, Password Reuse Dangers

PYMNTS

In India, call centers are becoming a prime launching point for fraudsters to target Americans, while the advertising industry is dealing with the continued threat of the elaborate Methbot scam. The call center employees would then demand immediate payment from scam victims to cover bogus taxes that were never paid and owed.

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Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge

PYMNTS

Phishing scams were on the rise all year, while a survey of online shoppers found that 40.3 Some of the most common tactics include phishing emails or impersonation scams, with some bad actors harnessing bots to reach thousands of consumers at once with these schemes. percent increase from the previous year. About The Tracker.

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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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