Remove Authentication Remove Bots Remove Phishing
article thumbnail

Banking Bots: The Good, The Bad And The Ugly

PYMNTS

billion personal records exposed in a variety of ways: 52 percent through hacking; 33 percent via phishing; and 32 percent through social engineering, with many involving more than one method. Axos Bank on How to Separate the Good Bots From the Bad. Casualties of these breaches in the first half of 2019 alone include 4.1

Bots 59
article thumbnail

Deep Dive: Confronting APIs’ Authentication, DDoS Security Threats

PYMNTS

Oversight And Authentication. Social media networks’ APIs could collect users’ contact information for scammers’ targeted phishing campaigns, for example. Hackers may try to use brute force to beat authentication measures, automatically plugging different credentials into logins until they are granted access. percent of U.S.

API 52
article thumbnail

Apple Devices Can Now Use Google Two-Factor Authentication

PYMNTS

FIDO security keys provide the strongest protection against automated bots, bulk phishing, and targeted attacks by leveraging public key cryptography to verify your identity and URL of the login page, so that an attacker can’t access your account even if you are tricked into providing your username and password,” Google said.

article thumbnail

Payment Security: Everything You Need to Know About Secure Payments

Stax

How do two-factor authentication and “3-D secure” protect payment information? Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. What is SSL/TLS? SSL/TLS is the acronym for Secure Sockets Layer and Transport Layer Security.

PCI DSS 88
article thumbnail

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.

article thumbnail

Helping FIs Answer The Question ‘Who Are You?’

PYMNTS

Just as a fraudster might use a popular celebrity to get people to open their phishing emails, they’re going to use COVID for the same thing. For Ritter, that means making sure that the digital identity of any person is rock-solid — and that starts with making sure the physical proof of that identity is authentic.

article thumbnail

Deep Dive: Reducing The Security Risks Of Open Banking

PYMNTS

These credential abuse attacks come in a variety of forms, with some hackers choosing to overwhelm API defenses with simultaneous logins from a host of bots and others using more targeted techniques like phishing individual API developers and using their login credentials.

MFA 96