Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

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Email Compromise Compromise Business Email Compromise Risk 52

VISTA InfoSec

JUNE 18, 2024

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). Even if passwords are compromised, those extra identity checkpoints block illicit access attempts.

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Data Security Security Encryption Cybersecurity 266

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. This can make it more difficult for hackers to trace transactions back to you.

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Cryptocurrency Multifactor Authentication MFA Compromise 130

Fintech Finance

NOVEMBER 6, 2024

As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day.

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Visa APACS Transactions Authentication 72

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. percent “less likely to be compromised.”. Fighting Phishing.

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Authentication MFA Phishing Scams 60

Fintech Finance

OCTOBER 24, 2024

The rise of authentication bypass scams: Looking for a way to get around two-factor authentication, fraudsters are doubling down on one-time-password phishing scams, which allow criminals access to full account funds and information via increasingly convincing texts, emails or phone calls.

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Scams Ransomware Government Governance 90

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.

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Ransomware Authorization Phishing Cybersecurity 78

VISTA InfoSec

APRIL 3, 2024

Whether it’s falling prey to sophisticated phishing schemes or mishandling sensitive information, the actions of untrained or uninformed staff can compromise an entire organization’s security. Employees, often regarded as the weakest link in the security chain, can inadvertently become conduits for cyber attacks.

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Cybersecurity Encryption Breach Phishing 130

VISTA InfoSec

OCTOBER 21, 2024

The most common threat that you might already be aware of is phishing scams. Through malicious software, usually gained by downloading something or opening a compromised link, you’ll be faced with data loss and/or further unauthorized access to your details. From there, they’ll require you to input confidential details.

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Cybersecurity Encryption Scams Cryptocurrency 130

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. 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.

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Account Takeovers Fraud Detection Phishing Fraud Prevention 95

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 107

PYMNTS

MARCH 6, 2020

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.

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API Authentication Security Payment APIs and Integration 52

Stax

MARCH 4, 2024

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.

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PCI DSS Payment Security Security MFA 88

PYMNTS

OCTOBER 9, 2020

We have seen phishing attacks surge since the pandemic started,” Reichel said. Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. The quality of the branded phishing emails are what sets the latest coronavirus email attacks apart,” Reichel said. Spear Phishing.

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B2B Phishing Scams Ransomware 116

PYMNTS

JULY 24, 2018

Google has claimed a success in its fight against employee phishing scams , telling reporters that none of its more than 85,000 employees have fallen victim to such a scam since the company deployed its Security Keys program. “Users might be asked to authenticate using their Security Key for many different apps/reasons. .

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Phishing Security Scams Email Compromise 40

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

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Authentication Phishing Bots Credential 49

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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Compromise Debit Card Scams Smishing 98

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. This includes protecting themselves with approaches such as multi-factor authentication and malware recognition, or using reverse lookup to assess whether someone is trustworthy.

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Security Phishing Best Practices Data Breach 52

PYMNTS

JUNE 6, 2019

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). Once Muraena authenticates the session’s cookie, it is passed to NecroBrowser, which can create windows to keep track of the private accounts of tens of thousands of victims.

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Scams Credential Security Phishing 58

CoinRemitter

MAY 20, 2024

Common cryptocurrency wallet attacks Phishing: Phishing is a common way scammers trick people in both cryptocurrency and traditional systems. Two-Factor Authentication: Two-factor authentication (2FA) adds extra security to your wallet to stop unauthorized access. That’s why multi-signature wallets are better.

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Scams Cryptocurrency Security Phishing 40

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s In many cases, experienced or tech savvy users can spot a phishing email scam from a mile away. Money On The (Cybercriminal) Brain.

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Phishing Ransomware EMV CHIPS 45

PYMNTS

MAY 24, 2017

According to recent research , 71 percent of breaches occur using passwords that were either weak enough to be cracked by bad actors or stolen from an usually unwitting human via a phishing scam. They will come in, do a fake phishing scam, a fake malware download, a fake password request and see how many people follow through with it.

Authentication 40

Authentication Credential Ransomware Phishing 40

The Fintech Times

DECEMBER 11, 2023

Leveraging AI Seth Blank, CTO, Valimail Seth Blank, chief technology officer at Valimail , a platform that uses automation to help companies establish the authenticity of emails, warns of rising cyber threat sophistication driven by AI, making it harder to distinguish genuine from fraudulent communications.

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Cybersecurity Ransomware Authentication AI 139

PYMNTS

SEPTEMBER 28, 2020

The Financial Crimes Enforcement Network (FinCEN) recently issued a warning that fraudsters are leveraging various illicit methods, including malware, phishing schemes, extortion and business email compromise (BEC) scams, all with a COVID-19 twist. Strong consumer authentication comes in several forms, and it’s time to pick one.

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Financial Crimes Crime Due Diligence Federal Trade Commission 81

PYMNTS

JULY 22, 2019

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? The phishing campaign targets consumers and also commercial users. The apps have, cumulatively over 1.5 billion users. As the site noted, no card issuer would send an email with such prompts.

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Phishing Credential Scams Payments 72

Seon

MAY 23, 2024

Traditional anti-fraud methods, like device checks, two-factor authentication (2FA), biometrics and security questions, are outdated against emerging innovative technologies that are compelling new forms of sophisticated fraud. Spoofing involves replicating or falsifying biometric data to deceive authentication systems.

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Fraud Prevention Deepfake Fraud Detection Authentication 52

VISTA InfoSec

JUNE 21, 2023

Data breaches are affecting millions of people across the globe, with over 340 million records already compromised in 2023 headline cases and new incidents surfacing every week. You need to know if any data has been compromised and, if so, where it may have been shared.

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Data Breach Breach Law Enforcement Cybersecurity 130

The Payments Association

OCTOBER 28, 2024

Whether through fake profiles, phishing emails, or fraudulent advertisements, criminals are finding new ways to manipulate people into sharing their financial details or authorising payments. CNP fraud occurs when criminals use stolen card details to make purchases online, by phone, or via mail order.

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Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

PYMNTS

FEBRUARY 8, 2019

In another, phishing scams will fraudulently request an employee login to Uber or LinkedIn to steal those credentials. ” A hacker may target an executive in the finance department with a phishing scam, someone who they know is a controller, with a higher level of access to company bank accounts or other financial data.

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Phishing Payment APIs and Integration MFA Credential 66

PYMNTS

JULY 21, 2020

Compromised credit card fraud increased 212 percent year over year in 2019, while customer credential leaks increased 129 percent during the same period. Fraudsters are teaming up to rip off FIs, forming elaborate rings that work cooperatively on account takeovers and phishing attempts. billion in 2019, a 15 percent increase over 2018.

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

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. Hook is a type of malicious software specifically designed to target mobile banking apps.

Mobile Banking 97

Mobile Banking Online and Mobile Banking Identity Theft Credential 97

PYMNTS

AUGUST 8, 2018

Business Email Compromise scams continue to grow and steal more corporate money than ever before. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. ProofPoint’s report does not underestimate the strength of ransomware attacks via phishing.

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Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

FEBRUARY 28, 2020

The number-one thing that we see is compromised credentials from another service being used against us,” he explained. That works when users reuse passwords across different services, and they don’t have two-factor authentication turned on. … I think what you see on Dropbox is not unique to us.

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Credential Phishing Fraud Prevention Best Practices 52

PYMNTS

APRIL 21, 2020

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.

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Scams Automation Phishing Email Compromise 63

PYMNTS

JUNE 9, 2020

Increasingly, that work is being performed by dynamic global identity verification platforms that use strong consumer authentication (SCA) and/or multi-factor authentication (MFA) to harden the onboarding process against an army of cyberthieves exploiting pandemic disorder. percent ‘less likely to be compromised.’

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AML MFA Authentication Verification 52

EBizCharge

OCTOBER 25, 2023

An incident is only considered a data breach if the confidentiality of data is compromised. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. These breaches can have devastating consequences, both financially and in terms of reputation.

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Best Practices Data Breach Breach Phishing 52

PYMNTS

AUGUST 7, 2020

The research also noted a 40 percent increase compared to February in the number of blocked attempts to guide users to phishing websites for one of the most-visited gaming platforms. . Other bad actors rely on phishing, in which potential victims receive links that direct them to fake login pages and ask them to input their account details.

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Phishing Data Breach Account Takeovers Verification 89