The Fintech Times

SEPTEMBER 21, 2024

Current plans outline that Singpass Face Verification (SFV) will be used in higher-risk scenarios to strengthen and complement existing authentication methods for DT setup. Customers who do not have a Singpass account may register for one and download the Singpass app before setting up their DT.

Verification 71

Verification Scams Financial Crimes Crime 71

PYMNTS

MARCH 6, 2020

A computer science student reported using an API from peer-to-peer (P2P) mobile payments service Venmo to download — without users’ permission — the details of approximately 7 million transactions over six months in 2018, for example. Oversight And Authentication.

API 52

API Authentication Security Payment APIs and Integration 52

PYMNTS

JULY 9, 2020

Fraudsters have only upped their efforts during the pandemic, with phishing attacks alone increasing 667 percent between late February and late March. Relying on static usernames and passwords to authenticate customers is no longer sufficient, and many FIs are therefore examining how tools like biometrics can offer greater security.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

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

PYMNTS

MARCH 18, 2020

Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data. Bad actors send innocuous-looking emails to workers, directing them to websites which download malware onto their computers or prompt employees for their passwords.

Phishing 70

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

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. For more on these and other digital identity news items, download this month’s Tracker.

Contactless Payments 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

JULY 21, 2020

The Wall Street Journal recently reported a 35 percent jump in year-over-year credit card fraud in April, with fraudsters harnessing phishing schemes and brute-force hacking attacks, among others, to swindle data and funds. For more on these and other financial crime news items, download this month’s Playbook.

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

PYMNTS

FEBRUARY 14, 2020

Phishing is another favored tactic for cybercriminals, who continued to make use of this tried-and-true method in 2019 with the illegal use of some of the most popular eCommerce logos to draw in unsuspecting consumers. Orchestrating Complex Authentication And Fraud Decisioning. This would have led to $2.1 About the Playbook.

Online and Mobile Banking 60

Online and Mobile Banking Fraud Prevention Authentication Account Takeovers 60

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 106

Mobile Banking Online and Mobile Banking Identity Theft Credential 106

PYMNTS

JANUARY 13, 2021

Phishing scams were on the rise all year, while a survey of online shoppers found that 40.3 Some of the most common tactics include phishing emails or impersonation scams, with some bad actors harnessing bots to reach thousands of consumers at once with these schemes. percent increase from the previous year.

Fraud Prevention 75

Fraud Prevention Posting Multifactor Authentication Scams 75

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

Seon

JUNE 15, 2023

Fraudsters use manipulation tactics such as email-based phishing or take advantage of leaked company data to gain access to – and take over – one or more of the business’s accounts. How to Prevent Business Email Compromise Attacks BEC attacks can largely be carried out solely using social engineering attack-based phishing attempts.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

AUGUST 21, 2020

For more on these and other digital-first banking news items, download this month’s Tracker. This month’s Deep Dive explores how FIs are harnessing customer authentication procedures like biometrics as well as AI-driven fraud detection systems to sniff out fraudsters without obstructing legitimate customers.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

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.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

AUGUST 8, 2018

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. Another phishing strategy, known as angler phishing, also showed its teeth in Q2.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

JANUARY 25, 2021

For more on these and other digital-first banking news items, download this month’s Tracker. 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

MARCH 25, 2020

billion personal records exposed in a variety of ways: 52 percent through hacking; 33 percent via phishing; and 32 percent through social engineering, with many involving more than one method. For more on these and other digital fraud news items, download this month’s Tracker. billion last year. About the Tracker.

Bots 59

Bots Cybersecurity Phishing Fraud Prevention 59

PYMNTS

JUNE 11, 2019

As consumers are justifiably apprehensive about handing businesses their personal information, providers are implementing technologies, such as biometrics and two-factor authentication (2FA), to counter the threat of ATOs. For more on these and other digital fraud developments, download this month’s Tracker.

AI 60

AI Account Takeovers Online and Mobile Banking Authentication 60

PYMNTS

SEPTEMBER 17, 2018

Writ large, the attack and entré into the Bangladesh Bank two years ago took place by sending phishing emails to employees of the bank and — upon snaring some unwitting victims — gaining access to SWIFT. The messages were designed to look like authentic SWIFT communications. The Methods.

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

PYMNTS

APRIL 16, 2020

Businesses must carefully monitor their payments and issue clear guidance to staff to help them avoid falling victim to tricks such as phishing attacks. This month’s Deep Dive explores how businesses can adopt AP oversight tools, automation systems and multifactor authentication to better catch and prevent fraud. About The Tracker .

Cross-Border 52

Cross-Border Multifactor Authentication Security Automation 52

PYMNTS

FEBRUARY 27, 2020

billion , and phishing attacks now comprise 30 percent of all fraud attempts. The fraudsters spoofed its service providers’ email contacts, and charged the charity for nonexistent services rendered, bypassing its two-factor authentication protocols. For more on these and other digital fraud news items, download this month’s Tracker.

Fraud Prevention 60

Fraud Prevention Account Takeovers Best Practices Data Breach 60

PYMNTS

NOVEMBER 14, 2016

The AR game saw 100 million downloads and $200 million in revenue in its first month. And every one of those downloads required users to give up email information, search history and even payment card credentials. Some cases of fraud saw hackers offer access to fake leveled-up accounts or bonuses that instead were phishing scams.

Security 74

Security Authentication Phishing Credential 74

PYMNTS

JANUARY 27, 2017

Meitu, the selfie app that improves pictures by enabling beautifying effects to be added to the photos, is free to download, but it could come at a cost: compromising users’ personal information. Of all records exposed across all industries, 72 percent were uncovered across hacking, phishing and skimming efforts.

Data Breach 71

Data Breach Breach Security Risk 71

VISTA InfoSec

AUGUST 8, 2023

Phishing Attacks Phishing attacks are usually deployed via emails and malicious websites. They try to deceive a target into taking an action that would result in downloading sensitive viruses and other infections into their device. This would help them to collect sensitive information or change how a computer system operates.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

CB Insights

JULY 23, 2020

Biometrics — which measure a person’s physical characteristics, such as fingerprints or voice patterns — are often more secure than other authentication options, more convenient for customers, and more cost-effective for businesses. The company offers behavioral authentication and threat detection solutions for mobile and web applications.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101