PYMNTS

SEPTEMBER 6, 2019

The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. The need for newer, stringent authentication comes as call centers — especially those for banks and other financial services — are getting hit with increasingly sophisticated fraud.

MFA 49

MFA Authentication Phishing Verification 49

VISTA InfoSec

JULY 31, 2023

The PCI DSS Checklist is a crucial first step in securing your business. It’s a tool that helps businesses ensure they’re meeting all the requirements of the Payment Card Industry Data Security Standard (PCI DSS). The QSA will review the business’s security measures and access controls, and provide a report on their findings.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

PYMNTS

JUNE 8, 2020

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. FIs therefore cannot afford to drag their feet on implementing open banking, but many may be concerned that third-party access to customer data will exacerbate security challenges.

Authentication 60

Authentication MFA Phishing Scams 60

VISTA InfoSec

JUNE 27, 2024

A joint investigation by Mandiant, Snowflake, and CrowdStrike revealed that Sp1d3r tracked as UNC5537, used stolen customer credentials to target at least 165 organizations that had not enabled multi-factor authentication (MFA) on their accounts. Conclusion The ramifications of this breach extend beyond immediate security concerns.

FBI 130

FBI Breach MFA Cybersecurity 130

PYMNTS

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said.

MFA 46

MFA Multifactor Authentication AI Authentication 46

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. That’s changing now.

API 52

API B2B MFA Security 52

The Paypers

MAY 26, 2017

(The Paypers) Vera has announced the support for multi-factor authentication (MFA) solutions by Duo Security , RSA SecureID and Twilio.

MFA 28

MFA Security Authentication 28

VISTA InfoSec

APRIL 3, 2024

This article delves into common pitfalls that can undermine the security efforts of commercial enterprises. Out-of-Date Security Systems The rapid pace at which digital threats evolve demands an equally dynamic approach to cybersecurity. Let’s get started. Encrypted data remains safe from prying eyes both in transit and at rest.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

PYMNTS

NOVEMBER 13, 2020

Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords. Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses.

Multifactor Authentication 97

Multifactor Authentication MFA Verification Online and Mobile Banking 97

Seon

SEPTEMBER 28, 2023

The entry point for fraudsters isn’t just a gap in security software but a gap in training. The answer is security awareness training. Speak with an Expert What Is Security Awareness Training? Security awareness training ensures people (often staff) lower their risk of falling victim to digital attacks.

Security 52

Security Phishing Best Practices Data Breach 52

PYMNTS

FEBRUARY 18, 2020

This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also gauging threats across many different channels. Banks that earn consumers’ trust by securing their mobile data and transactions will likely see plenty of growth, as 40 percent of U.S. Omnichannel Fraud Protection.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

PYMNTS

JUNE 25, 2020

This fear of cybercrime comes at a time when banks are exploring open banking systems en masse, which is only exacerbating security concerns. Banks are leveraging multi-factor authentication (MFA) and machine learning (ML) to protect these systems, but customers fear this may not be enough. About the Tracker.

Financial Crimes 91

Financial Crimes MFA Federal Trade Commission Crime 91

VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. However, despite this, there is still confusion surrounding the mechanism and how it adds to cyber defense. This article unravels the mysteries of MFA and how it can be used to strengthen cyber defenses. Another mechanism that is heavily relied on is MFA.

Authentication 130

Authentication MFA Cybersecurity Credential 130

Fi911

JANUARY 18, 2024

Financial institutions employ various security measures to combat them. Meanwhile, the debt it forced onto the person whose Social Security information was used to secure the loan. Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security.

Account Takeovers 85

Account Takeovers MFA Fraud Detection Credit Cards 85

Fi911

JANUARY 31, 2024

From customer authentication to funds transfer, this technology is poised to become a central element in various banking processes. Prioritizing Security to Shape the Future of Gen AI As we embrace Gen AI, access to sensitive customer data increases significantly.

AI 88

AI MFA Regulatory Compliance Best Practices 88

CB Insights

FEBRUARY 20, 2017

This year, multi-factor authentication is one increasingly hot area within the cybersecurity industry. Multi-factor authentication (MFA) is a security protocol that requires more than one unique credential to verify a user’s … Continued. Cybersecurity companies saw a record number of deals last year.

Cybersecurity 46

Cybersecurity Authentication MFA Credential 46

PYMNTS

JUNE 9, 2020

The surge in interest has challengers and other financial institutions (FIs) moving quickly to secure positions. SCA, MFA, All the Way. Meanwhile, the open banking ecosystem is healthy and growing – but security is a paramount concern during this time of massive transitions. ” Securing That Which Is ‘Open’. .”

AML 52

AML MFA Authentication Verification 52

The Paypers

OCTOBER 25, 2016

(The Paypers) Authlogics has announced the launch of its multi-factor authentication (MFA) platform to enable retail banks` customers to securely access online, mobile and telephone banking services.

Authentication 42

Authentication MFA Online and Mobile Banking Security 42

Fintech News

MAY 20, 2024

The panel discussion will feature experts in IT security, accounting, finance, and cybersecurity, who will delve into real-life scenarios, cybersecurity trends, and offer career guidance for individuals interested in this burgeoning field.

FinTech 133

FinTech Embedded Finance BNPL AI 133

The Payments Association

OCTOBER 22, 2024

In one recent case, a UK businessman and Revolut user lost £165,000 to fraud when scammers bypassed security measures and gained access to his Revolut business account, authorising hundreds of transactions in just an hour. Moreover, many businesses lack the adequate technology to combat the growing sophistication of fraud tactics.

Rules 88

Rules Fraud Prevention Deepfake Caps 88

PYMNTS

NOVEMBER 16, 2020

Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones.

MFA 71

MFA Verification Online and Mobile Banking Multifactor Authentication 71

PYMNTS

SEPTEMBER 5, 2019

One of the biggest changes is that call centers are moving away from knowledge-based authentication (KBA) methods like passwords and PINs and employing methods with multi-factor authentication (MFA). Voice Authentication. Call centers are especially vulnerable. Lindsay Sacknoff, head of U.S. Lindsay Sacknoff, head of U.S.

MFA 59

MFA Authentication Multifactor Authentication AI 59

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. Nordea Bank On Providing Security For B2B Payments APIs. About The Tracker.

Real Time Payments 75

Real Time Payments API B2B MFA 75

EBizCharge

JULY 19, 2024

When it comes to processing payments, adhering to the Payment Card Industry (PCI) Standards is crucial to ensuring cardholder data is safe and secure. This article will explore five reasons why using PDF forms for payment collection doesn’t meet PCI DSS requirements, highlighting the risks and security gaps inherent in this method.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

Stax

SEPTEMBER 17, 2024

While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. Each requirement plays a critical role in building a secure environment for payment processing. PCI DSS stands for “Payment Card Industry Data Security Standards.”

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

JULY 13, 2020

This means banks need to carefully consider how to maximize their defense strategies while presenting minimal interruption to customers and enabling secure, smooth engagement. FIs can struggle to detect such attacks because fraudsters provide the authentication details necessary to access the accounts. Detecting And Thwarting Attacks.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

Fintech News

MARCH 25, 2024

However, this surge is being accompanied by a dramatic growth in mobile banking malware, as threat actors increasingly turn their focus on mobile banking applications for illicit financial gain, a new report by mobile security company Zimperium says.

Mobile Banking 114

Mobile Banking Online and Mobile Banking Identity Theft Credential 114

EBizCharge

MARCH 12, 2024

Here are nine common forms of online payment methods used today: Credit: Many online consumers prefer to use credit cards for their purchases due to their convenience and security. Email pay: With email pay, customers are sent secure payment links via email to make payments from anywhere and on any device.

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

Basis Theory

OCTOBER 1, 2024

By outlining, defining, and enforcing standards for storing, processing, and transmitting cardholder data, the Payment Card Industry Security Standard (PCI DSS) gave organizations a security framework that brought trust and commerce to the internet. Findings of non-compliance or a recent security incident may shift your risk profile.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

PYMNTS

OCTOBER 16, 2020

The October Preventing Financial Crimes Playbook explores the latest financial crime developments, including the growing threat of P2P payment app fraud, evolving customer attitudes surrounding multifactor authentication and biometrics, and recent successes in fraud prevention in the United Kingdom. About The Playbook.

Zelle 89

Zelle P2P Scams Financial Crimes 89

PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking MFA Checks 107

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

PYMNTS

OCTOBER 1, 2019

Across the European Union, new strong customer authentication (SCA) requirements went into effect on Sept. The new regulations aim to reduce fraud by requiring merchants to use multifactor authenticatio n (MFA) solutions such as PINs and biometrics to approve online payments and transactions greater than €30 ($37 USD).

Romance Scams 62

Romance Scams Scams Federal Trade Commission FTC 62

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.”. Next-Level Payments Security.

Scams 63

Scams Automation Phishing Email Compromise 63

Seon

SEPTEMBER 11, 2023

Neobanks should have strict anti-money laundering (AML) and general cyber-security controls in place to protect themselves and avoid penalties. Set up multi-factor authentication (MFA): Add one-time passwords (OTPs) or other types of MFA to all neobank accounts.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

Stax

JULY 9, 2024

EFT payments offer a high level of security compared to traditional payment methods. Regulatory and Compliance Issues with EFT Payments Regulatory and compliance issues surrounding EFT payments are critical for ensuring the security and integrity of electronic transactions. Are EFT Payments Safe?

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

SEPTEMBER 4, 2019

How TD Bank Uses Voiceprints to Personalize — and Secure — Call Center Interactions. Mobile app users may have different authentication preferences than those who call the contact center, which could lead to frictions if companies are not prepared. The technology will reportedly scan human hands to ring up purchases.

Visa 40

Visa Multifactor Authentication MFA Authentication 40