PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. The scheme originated from a number of phishing emails that targeted a handful of employees. Fighting the Phishers.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

Fintech News

JANUARY 14, 2024

No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement by the Singapore Police Force and DBS on Sunday (14 Jan).

Phishing 109

Phishing Scams Authorization Transaction Limits 109

Fintech News

JULY 9, 2024

Announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), this move aims to better protect customers from phishing scams. Phishing scams were among the top five scam types last year, with at least S$14.2

Phishing 109

Phishing Scams Online and Mobile Banking Credential 109

The Fintech Times

JULY 10, 2024

This decision aims to fortify the defence against phishing scams, a persistent threat in the digital banking landscape. Despite their benefits in reducing unauthorised access, OTPs have become increasingly vulnerable to sophisticated phishing techniques, where scammers create fake websites to trick users into revealing their OTPs.

Phishing 59

Phishing Scams Authentication Financial Crimes 59

PYMNTS

APRIL 24, 2020

The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. Clicking on the link directs users to a page that looks like the authentic Microsoft Office 365 login web page and tries to pilfer the recipient’s corporate credentials.

Phishing 63

Phishing Scams IRS Law Enforcement 63

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

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. Take company-wide training to identify phishing attacks for example.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

The Fintech Times

DECEMBER 18, 2023

As a result of AI and other emerging technologies, the need for accurate and secure authentication is at an all-time high. Tending to this need, Zally , the continuous authentication platform, is building up for its launch in 2024. This is instead of traditional authentication which takes place solely at the point of login.

Authentication 64

Authentication Continuity Security Account Takeovers 64

Fintech News

SEPTEMBER 17, 2024

Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams. SFV will be used in high-risk scenarios to complement existing authentication methods during DT setup.

Verification 113

Verification Scams Financial Crimes Phishing 113

Braintree

AUGUST 26, 2019

Braintree has supported SMS and authenticator app two-factor authentication in the Control Panel since 2015. Two-factor authentication is a crucial tool for helping protect merchants from unauthorized account access, typically by requiring a time-sensitive code during sign in.

Authentication 52

Authentication Phishing Account Takeovers Breach 52

PYMNTS

JUNE 8, 2020

Tightening Authentication. FIs must use highly secure methods to authenticate customers’ identities and make it difficult for cybercriminals that manage to steal customer information to pass themselves off as legitimate customers. MFA requires customers to prove their identities by providing at least two types of credentials.

Authentication 60

Authentication MFA Phishing Scams 60

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 107

Ransomware Authorization Phishing Cybersecurity 107

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Use multi-factor authentication (MFA) for SWIFT interfaces and applications. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

Finovate

JANUARY 25, 2024

Identity and authentication platform 1Kosmos launched its BlockID 1Key solution this week. BlockID 1Key is a biometric security key that provides passwordless multi-factor authentication for customer help desks, retail bank branches, and other environments deemed too sensitive to allow access to mobile devices.

Authentication 52

Authentication Phishing User Authentication Interoperability 52

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.

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Deepfake APACS Scams Authentication 125

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 scam also warns users that if they do not verify their credentials immediately they risk temporary suspension of their accounts.

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Phishing Credential Scams Payments 72

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.

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Scams Credential Security Phishing 58

PYMNTS

MARCH 10, 2020

Digital identity solutions are becoming more and more commonplace, especially as consumers grow increasingly aware of the weaknesses of authentication methods like passwords. NatWest Launches Card-Mounted Fingerprint Readers For Contactless Authentication.

Contactless Payments 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

MARCH 27, 2017

Just recently, Instagram joined the ranks of other social networks that allow their users to enable two-factor authentication. Security experts recommend that all users activate two-factor authentication options whenever possible. On Instagram, for example, users can opt into two-factor authentication in their settings.

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Authentication Phishing Scams Credential 41

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.

API 52

API Authentication Security Payment APIs and Integration 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.

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Phishing Payment APIs and Integration Credential MFA 66

PYMNTS

AUGUST 28, 2018

Phishing scams remain one of the most popular ways a cyberattacker can target a small business. But the phishing scam is also evolving to target the C-suite itself. Employees should be trained to identify phishing scams, but the whaling tactic highlights the need for businesses to train their leadership teams, too.

Phishing 40

Phishing Scams Small Business Cybersecurity 40

CoinRemitter

SEPTEMBER 22, 2023

What is a phishing attack? The cyber phishing attack is intended to trick individuals into submitting/giving up sensitive information (such as private keys, passwords, etc.). On the other hand, vishing (voice+phishing) consists of attacking individuals through voice calls.

Phishing 40

Phishing Smishing Credential Scams 40

Fintech Finance

AUGUST 29, 2024

Despite the rising popularity of one-time passwords (OTPs) due to their ease of use, they are increasingly vulnerable to online scams such as phishing, SIM swapping and message interception. To confirm the payment, users can use the biometric authentication mechanism features on their device – whether it’s a fingerprint, face scan or PIN.

Visa 105

Visa Security Authentication Payments 105

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.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

PYMNTS

MAY 22, 2020

People are one click away from a malware download or credential phishing [website]. Almost 65 percent of incidents involve bad actors stealing login credentials to gain account access, and phishing schemes often trick credential owners into unwittingly surrendering their details.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

APRIL 12, 2017

Identity company MorphoTrust USA looks to put a dent in tax fraud and theft by adding an additional layer of authentication security into the mix. Users register to receive a credential and verify their identity with a photo of their driver’s license and by taking a selfie. MorphoTrust’s eID works via mobile app.

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Authentication Tax Refunds Tax Scams Credential 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 120

Mobile Banking Online and Mobile Banking Identity Theft Credential 120

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 Bots Phishing Credential 49

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

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Use multi-factor authentication (MFA) for SWIFT interfaces and applications. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

Fi911

JANUARY 18, 2024

They often accomplish this by obtaining the victim’s login credentials through phishing emails, malware, or other fraudulent means. New Account Fraud A new account is opened using fake or stolen credentials. Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security.

Account Takeovers 93

Account Takeovers MFA Fraud Detection Credit Cards 93

PYMNTS

MARCH 18, 2020

High-tech schemes like credential stuffing and account takeover (ATOs) have become commonplace, but many fraudsters still rely on a technique that requires comparatively little technical know-how. Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

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. There were 85.42 billion such attacks between December 2017 and November 2019, 16.55 billion of which targeted APIs, and of these attacks, 463.3

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MFA Risk Security API 96

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

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.

Phishing 45

Phishing Ransomware EMV CHIPS 45

PYMNTS

AUGUST 21, 2020

Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106