VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. What Is Multi-Factor Authentication? Let’s start with another simple definition – multi-factor authentication is any authentication method where more than one criterion has to be satisfied before access is granted to digital assets.

Authentication 130

Authentication MFA Cybersecurity Credential 130

Fintech Finance

FEBRUARY 20, 2025

Cybercriminals are exploiting payout systems with increasing sophistication, using malware, fake identities, and AI-driven phishing attacks to target funds from survey remuneration, loyalty cash-out, incentive programs, commission earnings, and class action settlements.

PCI DSS 86

PCI DSS Security Payment APIs and Integration MFA 86

VISTA InfoSec

OCTOBER 21, 2024

This is chiefly due to the fact that quantum computers will be able to hack through current common encryption algorithms like RSA, ECDSA, and ECDH. As it stands, there’s already a potential fix in the form of cloud-based quantum-proof encryption, which is expected to be a larger focus in the coming years.

Cybersecurity 221

Cybersecurity Encryption Scams Cryptocurrency 221

VISTA InfoSec

AUGUST 8, 2023

Encrypting your most critical data in return for a huge payment before restoring access. Phishing Attacks Phishing attacks are usually deployed via emails and malicious websites. Another viable approach to securing access to your network is to set up multi-factor authentication. 5/5 - (2 votes)

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

VISTA InfoSec

SEPTEMBER 5, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data.

Security 130

Security Phishing Ransomware Risk Assessment 130

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. Encryption is a vital safeguard that transforms data into a format that is unintelligible without the corresponding decryption key.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

Segpay

FEBRUARY 21, 2024

Biometric Authentication: Integrating generative AI in digital payments extends to biometric authentication methods, such as facial recognition and fingerprint scanning. Biometric authentication not only enhances security but also simplifies the user experience.

AI 105

AI Innovation Fraud Detection Encryption 105

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information. What is SSL/TLS?

PCI DSS 88

PCI DSS Payment Security Security MFA 88

VISTA InfoSec

SEPTEMBER 25, 2024

This is chiefly due to the fact that quantum computers will be able to hack through current common encryption algorithms like RSA, ECDSA, and ECDH. As it stands, theres already a potential fix in the form of cloud-based quantum-proof encryption, which is expected to be a larger focus in the coming years.

Cybersecurity 130

Cybersecurity Encryption Scams Cryptocurrency 130

VISTA InfoSec

DECEMBER 19, 2024

Use multi-factor authentication (MFA) for SWIFT interfaces and applications. Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements. Regularly review and update user access privileges.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

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

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

VISTA InfoSec

DECEMBER 19, 2024

Use multi-factor authentication (MFA) for SWIFT interfaces and applications. Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements. Regularly review and update user access privileges.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

Stax

MARCH 27, 2025

The Electronic Funds Transfer Act (EFTA) also requires added security features, such as multi-factor authentication, end-to-end encryption, and tokenization. Security risks: Phishing scams, theft, and hacking make EFTs a less secure option than ACH. These help protect both businesses and customers against potential fraud.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

Fintech Review

MARCH 18, 2025

This emerging technology holds particular relevance for fintech, which relies heavily on encryption to secure transactions and data. Researchers warn that powerful quantum computers could one day crack traditional encryption methods in a feasible time. Over time, cybersecurity threats pushed fintech security to evolve further.

Security 66

Security Encryption FinTech Breach 66

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

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. Those technical similarities spanned malware functionality, common encryption keys and domains programmed into the malware.

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

Fintech Review

DECEMBER 3, 2024

Educating users about encryption and tokenisation can help address these concerns. Phishing attacks and malware remain prevalent, undermining consumer confidence. Two-factor authentication (2FA) and biometric verification add additional layers of protection. Another innovation is biometric authentication.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

VISTA InfoSec

JUNE 21, 2023

This could include setting up a fraud alert for credit files, changing passwords, setting up two-factor authentication (2FA), keeping a close eye out for phishing emails or unusual activity in bank accounts. You can also include links to up-to-date information on identity theft if appropriate. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

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.

Security 52

Security Phishing Best Practices Data Breach 52

EBizCharge

OCTOBER 25, 2023

Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. Phishing attacks are the most common way to get these credentials, but other methods can be used to access this information.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

MARCH 14, 2016

The areas of particular concern were in authentication. Four of the sites tested did not authenticate accounts via email, which is highly correlated with phishing scams (which have been on the rise this year by a reported 400 percent.) Site security also coughed up many problems with encryption or protection from known threats.

IRS 40

IRS Security Phishing Privacy 40

PYMNTS

SEPTEMBER 30, 2019

Hackers also gain entrance into smaller FIs through a number of internal conduits, where there are voluntary bad actors ­— employees who can be swayed to sell their credentials for monetary rewards, or the unwitting insider who clicks on a phishing email. infrastructure ­— do not do what is necessary to protect themselves.

Cybersecurity 65

Cybersecurity Credential Encryption Phishing 65

PYMNTS

FEBRUARY 28, 2020

“That works when users reuse passwords across different services, and they don’t have two-factor authentication turned on. Stolen credentials are often purchased from dark web marketplaces, or gathered via phishing emails and brute force attacks on other websites. … I think what you see on Dropbox is not unique to us.

Credential 52

Credential Phishing Fraud Prevention Best Practices 52

PYMNTS

FEBRUARY 13, 2020

Cybercrooks are activating millions of fake identities they’ve patiently created on the most popular social media sites, phishing for personal info, posing as legitimate connections, and basically causing havoc. Private industry and government agencies have had enough, and they’re mobilizing.

Verification 60

Verification Card Issuer Bots Phishing 60

Finovate

FEBRUARY 8, 2024

Entrust would also be able to leverage biometric, phishing-resistant authentication for use in high-value transactions. “Step-up authentication using biometric-based, AI-driven identity verification will be critical to ensuring security, privacy, and trust in these high-value digital-first interactions.”

Acquirers 52

Acquirers Verification Deepfake AI 52

PYMNTS

FEBRUARY 27, 2020

billion , and phishing attacks now comprise 30 percent of all fraud attempts. Others, like Dropbox, are leveraging password encryption matching, and extensive employee education on best practices. Fraud continues to increase in many areas, despite extensive attempts to bring it to heel. One recent incident occurred at U.K.

Fraud Prevention 60

Fraud Prevention Account Takeovers Best Practices Data Breach 60

FICO

FEBRUARY 16, 2023

By using this contactless payment method, consumers can take advantage of tokenization and encryption of card details, making it much harder for criminals to capture sensitive card information. Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications.

Compromise 98

Compromise Debit Card Scams Smishing 98

PYMNTS

SEPTEMBER 30, 2016

The stolen information includes names, email addresses, telephone numbers, dates of birth, hashed passwords and, in some cases, encrypted or unencrypted security questions and answers. It’s believed that the data was actually compromised in late 2014 but that Yahoo CEO Marissa Mayer was not quick to disclose the information.

Security 76

Security Breach Data Breach Cybersecurity 76

PYMNTS

JANUARY 27, 2017

It’s shocking that a company of Yahoo’s size and long history could fall prey to such attacks and that there were no countermeasures, such as data encryption, in place to prevent them.”. 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

PYMNTS

MAY 13, 2016

When a user’s payment card is inserted into the reader, the device utilizes the encryption technology built into the chip-enabled card to generate unique private key signatures and unlock online accounts and personal data while the card is in use. The assistant can also provide extended authentication and serve as a password manager.

CHIPS 40

CHIPS Chip Cards Identity Theft Online and Mobile Banking 40

CoinRemitter

MAY 29, 2024

There have been cases of fake initial coin offerings (ICOs), phishing attacks, and Ponzi schemes in the cryptocurrency world. Encryption: Cryptocurrencies are protected by encryption. Potential for crimes: Cryptocurrencies being decentralized can attract fraudsters and scammers.

Cryptocurrency 49

Cryptocurrency Central Bank Digital Currency Privacy 49

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

FICO

JANUARY 5, 2021

. #2: Fighting Fraud: How Biometrics Enhance Identity Authentication. For example, Falcon® Authentication Suite includes authentication capabilities based on user behavior (still a biometric, albeit more complex than individual physical characteristics) and device telemetry. 74% of all phishing sites now use SSL.

Financial Crimes 52

Financial Crimes Crime Posting Scams 52

Segpay

JUNE 13, 2024

The same is true for cyber criminals who are always looking for new strategies to exploit our system vulnerabilities through: Phishing attacks Malware Distributed denial-of-service (DDoS) attacks A cyber attack on financial institutions is usually catastrophic, with the IMF quoting that companies lose over $100 billion a year.

Best Practices 40

Best Practices Processors Transactions Security 40

PYMNTS

NOVEMBER 12, 2019

It is critical that platforms protect themselves against phishing and malware, Farris said. Defending against such threats means encrypting sensitive data both in storage and transit, applying multi-factor authentication (MFA), using penetration testing, accessing continual attack monitoring and more. Ramping Up Protections.

Money Laundering 40

Money Laundering AML Authentication MFA 40