VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. What Is Multi-Factor Authentication? Let’s start with another simple definition – multi-factor authentication is any authentication method where more than one criterion has to be satisfied before access is granted to digital assets.

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Authentication MFA Cybersecurity Credential 130

Fintech Finance

NOVEMBER 28, 2024

Unlike traditional PINs or passwords, sAxess utilizes fingerprint authentication and other biometrics to ensure that only authorized individuals can access sensitive data. Amidst rising regulatory pressures such as GDPR and high-profile breaches affecting millions globally, companies are searching for reliable solutions for data protection.

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Security Transactions NFTs Blockchain 116

VISTA InfoSec

JUNE 21, 2023

Not sure where to start if you notice a data breach? Here are seven essential steps to follow Becoming aware that your company has suffered a data breach can be unsettling. Identifying and Containing the Damage Once you have been made aware of a data breach, the first step is to identify and contain the damage.

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Data Breach Breach Law Enforcement Cybersecurity 130

VISTA InfoSec

MARCH 28, 2024

As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. Use strong, unique passwords and consider multi-factor authentication for an added layer of data security. Regularly update customers if your data practices change, giving them the option to opt out if they wish.

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Data Breach Regulatory Compliance Breach Encryption 278

VISTA InfoSec

JUNE 19, 2024

Additionally, consider platforms with strong access controls, such as multi-factor authentication (MFA) to prevent unauthorized access. Enforcing these policies ensures consistent adherence across the organization, reducing the risk of security breaches.

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Risk Ransomware Phishing MFA 277

Fintech Review

JANUARY 30, 2025

According to DORA, market participants must conduct systematic stress tests with the various breach scenarios; Third-party risk management. trillion, and the annual IBM Cost of Data Breach Report claims that one such penetration “costs” the affected business around $4.45 Theres no clear requirement on this point.

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Regulations Risk Management Participant Cybersecurity 98

Payments Source

MARCH 26, 2018

Driven by big breaches like the Equifax incident, all stakeholders in card payments will have to demonstrate multi-factor authentication, writes Michael Magrath, director of global regulations and standards at VASCO.

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Breach Authentication Regulations PCI DSS 83

Basis Theory

NOVEMBER 12, 2024

At the very least, tokenization platforms should use an authentication mechanism, like OAuth, to restrict who has access to this data. Fortunately, most tokenization platforms offer authentication , encryption, and permissioning features to make sure your data is safe. This can be inconvenient and unwieldy.

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Encryption Payment APIs and Integration PCI DSS Returns 157

VISTA InfoSec

JUNE 18, 2024

Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching. These obsolete programs lack ongoing network security updates, making them low-hanging fruit for breaches.

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Data Security Security Encryption Cybersecurity 266

PYMNTS

FEBRUARY 13, 2020

So before we add another layer of authentication , we should ask, is this actually going to serve a purpose or solve our problem?”. What is necessary, said Xie, is a different, more holistic paradigm for fighting fraud – with a broad goal of not adding more authentication steps, but fewer. The Zero-Authentication Future.

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Authentication Bots Identity Theft Mitigation 98

Payments Source

JANUARY 31, 2019

Criminals are going to get smarter, but banks can implement a modern authentication solution to meet unique use cases and security requirements without sacrificing user convenience, writes Mike Byrnes, senior product manager at Entrust Datacard.

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Authentication ATM Use Case Security 109

The Payments Association

DECEMBER 9, 2024

Enhanced fraud detection extends to biometric authentication, a key element of payment security. This adaptability strengthens biometric authentication, adding protection for consumers and businesses. The risk of data breaches and unauthorised access will not disappear, or lessen.

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Privacy Payment Security AI Security 88

PYMNTS

AUGUST 16, 2019

The suit claims that [24]7 waited over five months to tell the airline about the breach instead of immediately informing it. The airline claims that 24[7] fell short of implementing basic security controls like forbidding workers from using the same login credentials or requiring multifactor authentication for employees accessing source code.

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Data Breach Breach Multifactor Authentication Credential 84

VISTA InfoSec

JULY 19, 2024

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. Each TPM chip has a unique RSA key that’s embedded into it during production, which can be used for device authentication.

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Cybersecurity Encryption Fraud Detection CHIPS 264

The Payments Association

FEBRUARY 13, 2025

Many financial institutions still rely on legacy authentication methods, leaving them vulnerable to modern attack vectors. Risk-based authentication (RBA) offers a way forward, balancing security and user experience while addressing the growing sophistication of fraud. Static authentication is a significant vulnerability for FIs.

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Authentication Risk Compliance Fraud Detection 88

Fintech Finance

MARCH 10, 2025

Upon tapping, a unique one-time code validated by Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials and offering a significantly faster and more secure alternative to traditional methods. This significantly improves the customer experience.

Digital Payments 92

Digital Payments Security Payments Credential 92

PYMNTS

AUGUST 7, 2019

Even if one tried, it would be hard to ignore the near-constant reports of data breaches. The latest Digital Identity Tracker delves into the issues digital identity players are facing and explores alternate digital ID authentication methods that could be more secure than conventional passwords and other commonly used methods.

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Authentication Verification Breach Blockchain 74

PYMNTS

NOVEMBER 30, 2018

Nordstrom and HSBC were the latest to find this out the hard way when each company suffered a recent data breach. Many companies are increasingly investing in emerging solutions like artificial intelligence (AI), hoping to avoid the fates of recent breach victims like Nordstrom and HSBC. Around The Digital Fraud World .

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Authentication Fraud Prevention Cybersecurity Data Breach 74

FICO

MAY 8, 2020

Security and Authentication in a Digital World. Mass data breaches have made account information and passwords available to buy extremely cheap on the dark web. Any new authentication methods as a minimum, must offer a suitable level of security and be acceptable to those that use them.

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Authentication Security Online and Mobile Banking Ubiquitous 83

VISTA InfoSec

OCTOBER 21, 2024

Whichever cryptocurrencies you’re trading in, make sure to look for these security features in your next crypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password. As a result, it can take some time for hackers to find holes in new systems.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Compromise 162

The Fintech Times

MARCH 10, 2025

Upon tapping, a unique one-time code is validated by Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials and offering a significantly faster and more secure alternative to traditional methods. This significantly improves the customer experience.

Digital Payments 69

Digital Payments Security Credential CHIPS 69

PYMNTS

JULY 9, 2020

Relying on static usernames and passwords to authenticate customers is no longer sufficient, and many FIs are therefore examining how tools like biometrics can offer greater security. A recent report highlighted this problem and advised FIs to adopt harder-to-trick methods like biometric authentication. Get the scoop in the Playbook.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

VISTA InfoSec

JUNE 7, 2024

Zero trust, as its name implies, is a digital security framework that emphasizes the need for strong, frequent authorization and authentication of all devices and users on a network. As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises.

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Micro-Entry Data Breach Breach Cybersecurity 162

Stax

JANUARY 28, 2025

Click to Pay is based upon global EMV Secure Remote Commerce (SRC) standards, which include security measures like tokenization , multi-factor authentication , and 3D Secure protocols. The customer will then input the passcode to complete the authentication process. It is also built to be super secure.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

VISTA InfoSec

JUNE 27, 2024

In a recent development that has raised concerns across the education sector, Los Angeles Unified School District (LAUSD) has confirmed a significant data breach involving student information. Conclusion The ramifications of this breach extend beyond immediate security concerns. As the situation unfolds, LAUSD and Snowflake Inc.

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FBI Breach MFA Cybersecurity 130

VISTA InfoSec

JUNE 3, 2024

According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords. In such attacks, cybercriminals exploit weak or reused passwords to breach multiple accounts, leading to significant data breaches and financial losses. Here are the essential components: 1.

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MFA Credential PCI DSS Compliance 130

Fi911

FEBRUARY 26, 2025

Compliance ensures robust security practices to prevent breaches and protect sensitive payment card data. Identify and Authenticate Access to System Components: Use multi-factor authentication (MFA) to strengthen access controls. Its not just a recommendation; for many financial institutions, its a legal requirement.

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PCI DSS Compliance MFA Assessments 52

VISTA InfoSec

OCTOBER 21, 2024

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. Each TPM chip has a unique RSA key that’s embedded into it during production, which can be used for device authentication.

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Cybersecurity Encryption Fraud Detection CHIPS 189

The Fintech Times

APRIL 20, 2024

Waave reports that cyber breaches have impacted millions of Australians over the past year, especially within the retail sector. The wallet Within the new wallet, Waave has built a multi-factor authentication layer using the latest in biometric technology for the web.

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Authentication Disputes Breach Accounts 59

VISTA InfoSec

JULY 29, 2024

Whichever cryptocurrenciesyouretrading in, make sure to look for these security features in yournextcrypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

Payments Source

JUNE 24, 2019

Today: Walmart's theft sensors; European regulators show some flexibility on authentication rules; Google and PayPal extend partnership; Desjardins suffers a breach. The information you need to start your day, from PaymentsSource and around the Web.

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Breach PayPal Authentication Rules 93

Fintech News

JANUARY 17, 2024

These measures encompass additional customer authentication, cross-border transfer limit reviews, session management controls, and establishing a bank-to-bank information-sharing platform to safeguard the financial sector from evolving threats. Developing advanced deepfake detection techniques is crucial to restoring online content trust.

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Deepfake APACS Scams Authentication 122

VISTA InfoSec

APRIL 3, 2024

Beyond the immediate financial repercussions, a breach can severely damage a company’s reputation and erode the trust it has built with its customers. Whether it’s customer information, financial records, or internal communications, encrypting this data can help safeguard enterprises’ information even in the event of a breach.

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EBizCharge

MARCH 18, 2025

As data breaches evolve and advance, a robust payment processing system that protects sensitive financial information is essential. By protectin g payments in Sage 100, your company can reduce the risk of data breaches and fraud, ensuring a secure experience for all parties involved.

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Credit Cards Process Security Data Breach 52

Fintech Finance

AUGUST 5, 2024

Current identity verification largely relies on passwords, a primary threat vector in cyber breaches. With Zero Trust security frameworks becoming standard and requiring regular user authentication, the inherent vulnerability of passwords is evident.

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Technology Financial Crimes Verification Crime 124

Finovate

FEBRUARY 21, 2025

Voice authentication solutions provider Illuma received strategic financing from Stifel Bank. ” Illuma will use today’s financing to help community banks and credit unions enhance security and streamline authentication processes across voice channels. . “We are excited to support their continued growth.”

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Authentication Finance Security Due Diligence 52

Segpay

DECEMBER 13, 2024

The Intersection of Data Privacy and Identity Management Source: ID Management Institute Identity management helps authenticate users and makes sure that only authorized individuals can access certain information. In identity management, this means gathering only what is strictly needed for authentication.

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Privacy Compliance CCPA Authentication 105