PYMNTS

NOVEMBER 2, 2020

And the SEC warned about credential compromises, meaning cyberattacks using compromised client login credentials to attack brokers and dealers, take customer assets and expose private information. Companies should have multi-level backups, and individuals should practice two-factor authentication for passwords.

Cybersecurity 84

Cybersecurity Credential Compromise Ransomware 84

PYMNTS

JUNE 8, 2020

FIs may need to provide data to FinTech startups without dedicated cybersecurity teams, for example, which could then be more easily compromised by hackers who will steal sensitive bank customer data. Tightening Authentication. MFA requires customers to prove their identities by providing at least two types of credentials.

Authentication 60

Authentication MFA Phishing Scams 60

PYMNTS

NOVEMBER 30, 2020

One source, writing for ZDNet, claimed to have confirmed the authenticity of at least two such accounts, although the Engadget report notes that it was unable to verify this for every victim. The accounts could also be used for blackmail, and intruders could be used to undermine email-based two-factor authentication, the Engadget report says.

Business Email Compromise 116

Business Email Compromise Addressing Scams Ransomware 116

PYMNTS

JUNE 12, 2019

Compromised credentials are one of the most common causes of security breaches. The technology is FIDO2 compliant, which means that it’s a secure and accommodating standard that lets different devices using different operating systems talk to each other for authentication. “On

Authentication 49

Authentication Phishing Bots Credential 49

PYMNTS

JUNE 6, 2019

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). It showed how the scam uses two new tools, Muraena and NecroBrowser, to potentially trick users into sharing their private credentials.

Scams 58

Scams Credential Security Phishing 58

PYMNTS

APRIL 6, 2017

At this year’s PYMNTS Innovation Project , Admiral James Stavridis , NATO’s former Supreme Commander, said that one of the biggest points of compromise that cybercrooks exploit is the login. When people use “multi-factor authentication,” it can often mean different things. But the real question is when — and how.

Authentication 48

Authentication Verification Credential Identity Theft 48

PYMNTS

JULY 13, 2020

Bad actors attempting ATOs seek to gain control of victims’ bank accounts without alerting FIs, and they therefore aim to obtain the login credentials necessary to smoothly move through FIs’ authentication measures. This is a serious problem, as ATOs reportedly led to $4 billion worth of losses in 2018.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

Fintech News

JUNE 10, 2024

Akira affiliates gain initial access by exploiting vulnerabilities, brute-forcing services like Remote Desktop Protocol (RDP), social engineering, and using compromised credentials. Organisations are advised to enforce strong password policies and implement multi-factor authentication to prevent unauthorised access.

Ransomware 101

Ransomware Authorization Phishing Cybersecurity 101

PYMNTS

NOVEMBER 25, 2020

The SEC warned in October that cyberattacks on corporations had been increasing, and businesses were advised to include multi-factor authentication to prevent credential compromises.

Cybersecurity 121

Cybersecurity Credential Compromise Authentication 121

PYMNTS

MAY 24, 2017

This all comes as no surprise to Brett McDowell, who is working with a team of corporations in verticals from financial services to software to take human error out of the authentication equation, as part of the FIDO Alliance. Because once hackers get their hands on the information, it’s already too late to stop them. No Password, No Cry? .

Authentication 40

Authentication Credential Ransomware Phishing 40

Fintech News

MARCH 25, 2024

It typically operates by infecting a user’s device through various means, such as phishing emails, fake apps, or compromised websites. However, behind the scenes, the malware captures the user’s login credentials, account information, and other sensitive data entered into the fake UI.

Mobile Banking 114

Mobile Banking Online and Mobile Banking Identity Theft Credential 114

Seon

JUNE 24, 2024

Still, the pursuit can be defined as endeavors that ensure secure and reliable digital identity management, including preventing unauthorized access to sensitive information, such as login credentials, PII and financial information. Digital footprint data serves as valuable forensic evidence in security incidents or breaches.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

PYMNTS

APRIL 26, 2019

A P2P (peer-to-peer) technology ingrained in millions of IoT ( Internet of Things ) devices, including security cameras, smart doorbells, baby monitors and video recorders, has many security flaws that allow them to be compromised easily, exposing users to dangers from eavesdropping, credential theft and takeovers from remote locations.

P2P 75

P2P Security Compromise Credential 75

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. Digital mule networks exploit this, testing stolen credentials across various banks.

Deepfake 120

Deepfake APACS Scams Authentication 120

PYMNTS

JANUARY 18, 2019

Users of HIBP can enter their email into a query and see if it’s been compromised. For the regular person, this means that email and password combos are especially vulnerable through what’s called credential stuffing. This is when specific combos are used to hack into other accounts using the same login credentials.

Data Breach 63

Data Breach Breach Credential Compromise 63

PYMNTS

AUGUST 16, 2019

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. According to the news outlet, hackers changed the source code of the chatbot via compromised credentials.

Data Breach 84

Data Breach Breach Multifactor Authentication Credential 84

PYMNTS

NOVEMBER 16, 2020

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. Business email compromise scams spiked 15 percent during the period, too, with researchers finding that BEC attacks increased across 75 percent of the industries surveyed.

Business Email Compromise 96

Business Email Compromise Scams Ransomware Email Compromise 96

PYMNTS

JULY 22, 2019

Reports say that the hacks, which are known as Media File Jacking, allow media that spans photos to documents to be compromised in “real time” and that means intercepting data between when it is written to disk and when they are loaded onto user interfaces. The apps have, cumulatively over 1.5 billion users.

Phishing 72

Phishing Credential Scams Payments 72

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.

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

MARCH 24, 2017

Whether a mysterious “crime family” is really out to compromise iCloud and.mac accounts is yet to be seen, but either way the possible extortion of a tech giant is worrisome. The hacker group also claimed that 220 million of these credentials are verified and allow access to iCloud accounts without two-factor authentication measures in place.

Credential 45

Credential Crime Ransomware Data Breach 45

PYMNTS

NOVEMBER 18, 2020

The company confirmed in the post that while its customer’s assets are secure, personal contact information and encrypted passwords might have been compromised in the attack. “We MPC-based and cold storage crypto wallets are secured and were not compromised.”.

Bitcoin 60

Bitcoin Compromise Cryptocurrency NOV 60

FICO

JUNE 8, 2020

Criminals are increasingly sophisticated in how they compromise data, and are deploying new tactics across the social engineering lifecycle. Fraudsters buy compromised data (credentials, ID documents, personally identifiable information or payment details). Here are the key aspects to think about to help prioritize: 1.

Compromise 52

Compromise Financial Crimes Credential Breach 52

PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. But internal threats, such as those that occur when employees’ credentials are compromised in phishing attacks, are just as imperiling and can bypass banks’ external defenses.

Credential 94

Credential Data Breach Phishing Cybersecurity 94

PYMNTS

AUGUST 24, 2020

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.

Deepfake 61

Deepfake Business Email Compromise Scams Multifactor Authentication 61

PYMNTS

MARCH 29, 2018

Every attack means compromised data, and compromised data means an opportunity for fraudsters to use that information to commit fraud. To protect themselves, companies are deploying a variety of authentication solutions to allow the right customers in and to keep the bad guys out. As it turns out, these breaches are expensive.

Authentication 43

Authentication Risk Compliance Database 43

PYMNTS

NOVEMBER 22, 2019

The practice may have been halted there, at least, but it shines a bit of light on how black markets for (stolen) assets and credentials continue to proliferate around the world and target virtual verticals. Once inside the platform, Cavicchia said, merchant analytics and artificial intelligence (AI) can help determine suspicious behavior.

Credential 70

Credential Cybersecurity Push-to-Card Financial Crimes 70

PYMNTS

SEPTEMBER 26, 2016

Authentication methods for payments networks, such as SWIFT, or P2P money transfer apps are still not completely secure. A common thread to many of these attacks is compromised or hijacked credentials that allow an attacker to pose as a legitimate entity.”.

Online and Mobile Banking 78

Online and Mobile Banking SWIFT Credential Central Bank 78

Fi911

JULY 8, 2024

Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes. Once they have control, fraudsters can make unauthorized transactions, change account details, and steal sensitive information.

Account Takeovers 87

Account Takeovers Fraud Detection Phishing Fraud Prevention 87

PYMNTS

MAY 23, 2017

Whether it’s safeguarding sensitive personal and financial information from attacks like WannaCry or authenticating travelers at an airport, security is top of everyone’s mind these days. CLEAR, a security line-busting authentication system, recently received a $15 million investment from asset management firm T. About the Tracker.

Authentication 44

Authentication Ransomware Credential Law Enforcement 44

Stax

MARCH 14, 2024

The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. PIN cards are commonly used in regions where PIN authentication is prevalent, such as Europe and many other parts of the world. If not, the transaction may be declined.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

PYMNTS

JUNE 26, 2020

An Amazon customer typically makes payments using payment card data that the customer’s bank already has on file, for example, resulting in the same set of valuable information located in two places, both of which could be compromised in a data breach. Amazon, for example, presents their credential to us as a TPP,” Elliott explained. “In

Consumer 79

Consumer Credential Financial Crimes Crime 79

PYMNTS

AUGUST 19, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of QSR rewards programs and how credential stuffing and account takeovers are plaguing the industry. In Japan, convenience store chain 7-Eleven fell victim to a data breach last month that compromised approximately 900 customers’ accounts.

Account Takeovers 63

Account Takeovers Data Breach Bots Credential 63

PYMNTS

DECEMBER 1, 2016

But what if a new technology could help safeguard and protect sensitive information, from emails and login credentials to bank accounts and other financial information? By reducing the attack surface and by utilizing multiple-factor authentication, hackers are left with fewer reasons to target a company. “If A more promising future.

Blocks 62

Blocks Blockchain Compromise Bitcoin 62

PYMNTS

JANUARY 3, 2017

“From credential sharing to authentication practices , it’s clear that consumer trends are having a big impact on enterprise security,” he stated. But businesses need to make sure their data isn’t compromised by bad personal habits.”.

Authentication 60

Authentication Credential Compromise Security 60

PYMNTS

OCTOBER 26, 2016

From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks. Going Beyond PCI. to provide additional layers of security. Covering All The (Data) Bases.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

PYMNTS

MARCH 7, 2016

New details from ESET researchers, a Slovakia-based company, suggests that there is a new strain of Android malware that has the ability to compromise mobile banking users’ login credentials. The fake login screen keeps the screen locked until the customer enters their banking credentials.

Mobile Banking 43

Mobile Banking Credential Compromise Research 43

PYMNTS

JULY 9, 2018

Timehop did share that certain keys, which allow the app to read and display customers’ social media posts, were also compromised; the company subsequently deactivated the keys so they can no longer be used. As a result, users will have to re-authenticate to the Timehop app.

Data Breach 40

Data Breach Breach Multifactor Authentication Credential 40