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

PYMNTS

JUNE 25, 2020

Banks are leveraging multi-factor authentication (MFA) and machine learning (ML) to protect these systems, but customers fear this may not be enough. This month’s Deep Dive explores the financial crime threats that open banking systems face in their deployment, and how MFA and ML systems are being leveraged to protect them.

Financial Crimes 91

Financial Crimes MFA Federal Trade Commission Crime 91

PYMNTS

JUNE 8, 2020

This also allows hackers to bypass in-app authentication procedures because it can be easier to steal API keys — the credentials developers use to build apps that harness APIs — than contend with apps’ biometric or two-factor authentication (2FA) processes.”. MFA and APIs Make A Good Pair. Cloud Havens and Changing Keys.

API 52

API B2B MFA Security 52

Fintech News

MARCH 25, 2024

However, behind the scenes, the malware captures the user’s login credentials, account information, and other sensitive data entered into the fake UI. The captured information is then sent to a remote server controlled by cybercriminals.

Mobile Banking 111

Mobile Banking Online and Mobile Banking Identity Theft Credential 111

PYMNTS

JUNE 3, 2020

Bad actors often find them a more appealing target than the apps to which they are connected, as they can bypass in-app authentication procedures and seize control of all connected apps at the same time by infiltrating the API’s code. Deep Dive: Harnessing Authentication, Machine Learning To Counter B2B API Fraud. About The Tracker.

Real Time Payments 75

Real Time Payments API B2B MFA 75

Seon

JANUARY 29, 2024

In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials. Educate your users: Remind users to prioritize password security, encourage the use of multi-factor authentication (MFA), and suggest the use of VPNs on public Wi-Fi networks.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

APRIL 21, 2020

Companies can tighten security by requiring those seeking access to AP systems to undergo MFA [multi-factor authentication], which requires users to verify their identities with at least two types of credentials.”.

Scams 63

Scams Automation Phishing Email Compromise 63

FICO

SEPTEMBER 17, 2018

Layer 2 – Authentication. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. If remote access or test credentials are not required beyond a specific implementation or maintenance phase they should be disabled promptly. Layer 3 – Authorization.

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

FICO

SEPTEMBER 19, 2018

Layer 2 – Authentication. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. If remote access or test credentials are not required beyond a specific implementation or maintenance phase they should be disabled promptly. Layer 3 – Authorization.

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40

VISTA InfoSec

JUNE 18, 2024

A crafty hacker could infiltrate accounts secured by flimsy credentials. In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). Simplistic credentials are entry points for hackers. Steer clear of easily guessable codes like pet names or birth dates.

Data Security 208

Data Security Security Encryption Cybersecurity 208

Fintech News

MARCH 19, 2024

This collaboration will see Accredify integrating Okta’s advanced identity management solutions, including Single Sign-On (SSO) and Multi-Factor Authentication (MFA), to benefit its clientele. ” said Austin Arensberg, Senior Director at Okta Ventures.

MFA 103

MFA Deepfake Credential Privacy 103

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. MFA and ML systems can effectively stop current threats, but future hazards will need even more advanced systems. There were 85.42 million were aimed at the financial industry.

MFA 96

MFA Risk Security API 96

Seon

JUNE 15, 2023

Despite its versatility, BEC invariably involves the misuse of compromised login credentials, with the aim of accessing sensitive information located in various business accounts (not just email inboxes – fraudsters also target intranet documents, HR records, and plenty of other sensitive archives). Let’s take a look at some of the key ones.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

FEBRUARY 8, 2019

Plus, professionals will often use paper or spreadsheets to keep track of those login credentials. The reliance on passwords means those credentials become more of a security liability than protector, as cyberattackers attempt to infiltrate enterprise systems. most common) passwords and check them against millions of accounts.

Phishing 66

Phishing Payment APIs and Integration Credential MFA 66

PYMNTS

OCTOBER 21, 2020

This means that even one compromised account could threaten all others that rely on the same credentials, potentially costing victims a fortune in stolen money and data.”. While that may seem to be a benefit for consumers, it can be a double-edged sword,” Yuval Marco, general manager of fraud and authentication at NICE Actimize told PYMNTS.

P2P 56

P2P Security MFA Financial Crimes 56