Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

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Email Compromise Business Email Compromise Compromise Phishing 52

PYMNTS

OCTOBER 22, 2020

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

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Verification Technology CHIPS Authentication 53

VISTA InfoSec

JUNE 3, 2024

Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals. According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords.

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MFA Credential PCI DSS Compliance 130

Fintech News

JANUARY 10, 2024

However, the vulnerabilities of this solution became evident as hackers exploited and compromised the security of banking transactions that led to identity and money theft”. Together, iDenKey and iDenFace ensure a high level of convenience and security throughout the identity verification and authentication process.

AML 117

AML Money Laundering Authentication Procedures 117

VISTA InfoSec

SEPTEMBER 5, 2024

SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data. In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data. In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information.

Security 130

Security Phishing Ransomware Risk Assessment 130

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.

Privacy 105

Privacy Compliance CCPA Authentication 105

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.

Visa 98

Visa APACS Transactions Authentication 98

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.

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Authentication Verification Credential Identity Theft 48

PYMNTS

JUNE 12, 2018

Trulioo , the global identity and business verification provider announced Tuesday (June 12) that it has partnered with Acuant , a global provider of data capture and identity authentication solutions, to enhance GlobalGateway, its online identity verification marketplace.

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Verification Online and Mobile Banking Authentication Money Laundering 46

PYMNTS

DECEMBER 13, 2017

Identity verification and user authentication are hot spaces right now, and only getting hotter as merchants, financial institutions (FIs) and consumers demand more foolproof protection against fraudsters. Today, though, visit any industry trade show and the halls are packed with identity verification products.

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Verification Social Security Enrollments Authentication 62

FICO

MARCH 30, 2020

Adaptive identity authentication is the process of tailoring each customer authentication to the specifics of the request. It involves calibrating multiple sets of risk indicators to determine the type of authentication needed, and how strong to make it. Adaptive identity authentication is increasingly important.

Authentication 52

Authentication Risk Transactions Payee 52

FICO

JANUARY 25, 2021

Confusingly, this term has been extended as customer identity and access management or CIAM to mean the subset of identity and access management that applies to customers —h ow they log in to websites, authenticate themselves, and are granted permissions for some customer-facing systems. Document verification. Customer screening.

Financial Crimes 98

Financial Crimes Authentication Crime Money Laundering 98

The Fintech Times

JUNE 26, 2024

This allows it to evade anti-tampering mechanisms and remain hidden while compromising app security. It also disables security features like two-factor authentication (2FA) and biometric verification, and exfiltrates sensitive personal and transaction data, increasing the risk of fraud.

Security 111

Security Cybersecurity Credential Compromise 111

Fintech Finance

FEBRUARY 15, 2024

It is necessary to authenticate an extensive range of documents across diverse formats which can include PDFs, images or scans which originate from multiple countries with unique legal frameworks and documentation standards. Of particular challenge can be account statements or utility bills for authentications from a wide variety of sources.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Verification AI 52

PYMNTS

FEBRUARY 10, 2020

Biometric digital identity verification solutions are becoming more and more commonplace thanks to their implementation in everyday devices like smartphones and fitness wearables. Biometric verification is being installed in payment cards as well. billion smartphones equipped with fingerprint recognition in the same timeframe.

Data Breach 94

Data Breach Point-of-Sale (POS) Push-to-Card Breach 94

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

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

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Authentication MFA Phishing Scams 60

Nanonets

OCTOBER 9, 2024

  Whether you're a loan officer reviewing an application or a business owner ensuring your clients’ payments are in order, bank statement verification is integral to ensuring financial accuracy and fraud prevention. Let’s discuss bank statement verification and find answers to some of your biggest challenges.

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Verification AI Reconciliation Payment APIs and Integration 52

PYMNTS

AUGUST 27, 2020

Mitek , which offers digital identity verification services, has partnered with Lightico , which works in the field of identity verification and eSignatures, to provide a new way to complete transactions over a text message, a company blog post stated. It also uses Mitek's Mobile Fill for the same purpose.

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Transactions Security Verification Mitigation 69

FICO

JULY 27, 2020

As consumers, most of us still consider facial recognition the current state of the art for authentication. Here’s why it matters: Authentication is used for a lot more than unlocking your phone. To better protect these transactions from fraud, new biometric measures can now authenticate that it’s really you who’s using your phone.

Authentication 52

Authentication Online and Mobile Banking Non-Bank Enrollments 52

Stax

JANUARY 23, 2025

Key steps include application review, risk assessment, credit checks, and compliance verification. Step 4: KYC and AML Checks Compliance officers or automated systems integrated with KYC and AML verification services verify the identity of business owners and ensure compliance with anti-money laundering regulations.

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Underwriting PCI DSS Money Laundering Processors 68

PYMNTS

MARCH 14, 2017

Sarah Clark, GM of identity at Mitek , joined Karen Webster to discuss what process and technology can do to help meet AML requirements to truly authenticate who people are. Essentially, the identity verification process can be a major friction point. Some “old school” methods that worked in the past aren’t working anymore. In the U.S.

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AML Verification Money Laundering Authentication 44

Fintech Finance

MARCH 5, 2024

In response to the rapid digital growth in the region, the demand for robust identity verification has surged. Leveraging Uqudo’s state-of-the-art technology, Tamara will enhance the overall security of its platform, providing customers with seamless BNPL transactions without compromising privacy and security.

BNPL 52

BNPL Verification Transactions Fraud Prevention 52

PYMNTS

DECEMBER 9, 2020

The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. At the same time, banks and other firms must find new ways to verify and authenticate users and gird against theft and account takeovers.

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Privacy Regulations Verification Account Takeovers 93

PYMNTS

JUNE 12, 2019

Compromised credentials are one of the most common causes of security breaches. While Google automatically blocks the majority of unauthorized sign-in attempts, adding 2-Step Verification (2SV) considerably improves account security.

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Authentication Bots Phishing Credential 49

PYMNTS

OCTOBER 8, 2018

With the lessening of face-to-face commerce, done live and in person, the onus is on merchants to authenticate customers at the front end — before the transaction is underway. With such methodologies afoot, the traditional models of ID verification fall by the wayside, he told Webster. The Trade-Offs. Come hear about them here.

Identity Theft 71

Identity Theft Verification Database Authentication 71

PYMNTS

OCTOBER 31, 2016

The challenge is authenticating a consumer across a landscape where that individual is actively opening accounts and performing transactions. Who is really in the best position to issue, and authenticate, the digital identity assigned to a consumer? For financial institutions, there’s reason to be concerned over digital identities.

Online and Mobile Banking 76

Online and Mobile Banking Verification Database Authentication 76

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

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.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

PYMNTS

JUNE 11, 2019

Phone numbers, email addresses, usernames and other online signifiers have become vital to digital identity verification, as the world becomes increasingly connected. How Western Governors University handles Digital ID Verification. For more on these and other digital identity developments, download this month’s Tracker.

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Verification Authentication Blockchain Push-to-Card 58

PYMNTS

DECEMBER 3, 2018

Excuse the homespun wisdom, but offering weak authentication defenses in the face of those determined young consumers can bring down heavy fines and unwanted attention, and threaten a growing retail or online business. However, authentication also provides business opportunity. Market Growth. First, a word about the stakes involved.

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Authentication Privacy Checks AI 70

PYMNTS

OCTOBER 1, 2019

The company sells authentication software to Mastercard, T-Mobile, Rakuten and Aetna, and the round was led by the venture capital arm of Comcast, Fortune reported. . With fraudsters impersonating other people, he was led down the path that the digital verification process of one’s identity could see great improvement.

Authentication 40

Authentication Online and Mobile Banking Visa Compromise 40

PYMNTS

JUNE 29, 2020

The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems. Any data breach that exposes one of their accounts potentially compromises every account that shares the same password. There were 85.42

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MFA Risk Security API 96

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. “A

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

PYMNTS

AUGUST 8, 2019

billion digital records were compromised in the first half of 2018 alone — a staggering figure that could not have been possible if digital IDs were not drawing so much attention. Tighter security and authentication methods for digital IDs are necessary to lessen the magnitude of these breaches, and hopefully stop them entirely. .

Security 51

Security Verification Authentication Blockchain 51

Fintech Finance

FEBRUARY 1, 2024

Payment technology firm Praxis Tech announces the launch of its 3DS Cascading feature that makes online payments quicker and more user-friendly while maintaining Strong Customer Authentication (SCA) requirements. This will also include our upcoming risk and fraud engine, which will integrate with our 3DS strong authentication services.”

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Authentication Payments Verification Compromise 52