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.

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Authentication Continuity Security Account Takeovers 63

The Paypers

NOVEMBER 14, 2023

Digital agreement security company OneSpan has launched DIGIPASS FX1 BIO, a physical passkey with fingerprint scan that offers passwordless authentication to organisations.

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Authentication Phishing Agreements Security 36

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.

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Authentication Phishing User Authentication Interoperability 52

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.

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Phishing Data Breach Breach Fraud Prevention 99

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

Fintech News

OCTOBER 27, 2024

The Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) will implement the Shared Responsibility Framework (SRF) for phishing scams on 16 December 2024. Duties of FIs and PSPs FIs and PSPs must implement several anti-scam measures to prevent unauthorized access and detect phishing threats.

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Phishing Scams Blocks Authorization 123

The Payments Association

AUGUST 26, 2024

It details various types of fraud, such as phishing, malicious apps, weak authentication practices. The article discusses the growing popularity of mobile wallets and also highlights the rising threat of mobile wallet fraud. Read more

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Phishing Authentication Payments Consumer 88

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

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Phishing Scams Online and Mobile Banking Credential 103

Payments Source

NOVEMBER 27, 2018

The continued trend of “spear phishing” and “catfishing” only serves to highlight the complex work required to identify genuine from fraudulent, writes Steven Goddard, product manager for risk at The ai Corporation (ai).

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Phishing Authentication AI Risk 68

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.

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Phishing Smishing Credential Scams 40

PYMNTS

OCTOBER 7, 2020

And as Entersekt Senior Vice President of Product Christian Ali told PYMNTS in a recent interview, the means by which banks authenticate their suddenly digital users must change, too. That security layer itself is only as strong as the authentication process. The way we bank is changing in the age of COVID-19.

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Authentication Use Case Phishing Contactless Payments 98

The Paypers

MAY 17, 2023

Passwordless authentication provider Keyless and global management consulting company Synpulse partner to bring anti-phishing MFA to the UK.

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MFA Phishing Consulting Authentication 36

VISTA InfoSec

MAY 12, 2024

Many cyberattacks specifically target people through phishing and other kinds of social engineering. Encourage the use of Two-Factor Authentication (2FA) Decades of experience show that passwords only provide a small amount of security.

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PCI DSS Security Compromise Best Practices 277

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.

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Phishing Scams IRS Law Enforcement 63

VISTA InfoSec

FEBRUARY 25, 2024

User Account Details Usernames, passwords, security questions, login timestamps, failed login attempt logs, password reset tokens, multifactor authentication details, and session IDs. Accidental data leaks by insiders mishandling information also trigger breaches frequently.

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Data Breach Breach Multifactor Authentication Cybersecurity 272

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.

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Authentication Phishing Account Takeovers Breach 52

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.

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Visa APACS Transactions Authentication 85

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. Fighting Phishing. percent “less likely to be compromised.”.

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Authentication MFA Phishing Scams 60

VISTA InfoSec

OCTOBER 21, 2024

Whichever cryptocurrencies you’re trading in, make sure to look for these security features in your next crypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password. This can make it more difficult for hackers to trace transactions back to you.

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Cryptocurrency Multifactor Authentication MFA Compromise 130

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.

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Phishing Scams Small Business Cybersecurity 40

Fintech Finance

OCTOBER 24, 2024

The rise of authentication bypass scams: Looking for a way to get around two-factor authentication, fraudsters are doubling down on one-time-password phishing scams, which allow criminals access to full account funds and information via increasingly convincing texts, emails or phone calls.

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Scams Ransomware Government Governance 97

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

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). Kick things off with phishing awareness training. Outdated software?

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Data Security Security Encryption Cybersecurity 266

Fintech News

AUGUST 13, 2024

New controls include additional authentication for high-risk activities, a 12-hour cooling-off period when logging into a new device, and a one-click log-out option that instantly secures the account across all devices. In addition to these updates, Wise is also enhancing its security measures.

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Caps Cross-Border APACS Phishing 102

Fintech Finance

OCTOBER 18, 2024

Compared to OTPs, which are increasingly vulnerable to online scams such as phishing, SIM swapping and message interception, payment passkeys make transactions not only faster, but also more secure against fraud and scams. To confirm the payment, they can use biometric authentication like fingerprint or iris scan features on their device.

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Visa Scams Payments Push-to-Card 91

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.

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API Authentication Security Payment APIs and Integration 52

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.

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Verification Scams Financial Crimes Phishing 101

Stax

MARCH 4, 2024

How do two-factor authentication and “3-D secure” protect payment information? Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. What is SSL/TLS? SSL/TLS is the acronym for Secure Sockets Layer and Transport Layer Security.

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PCI DSS Payment Security Security MFA 88

PYMNTS

APRIL 22, 2019

Gaming companies are taking digital authentication to the next level. 66 percent: Increase in phishing attempts this year to date. Smart agents are rising to bring better customer service and fraud prevention to financial institutions (FI) and other digital players. Data: 1933: The year prohibition ended in the U.S.

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Authentication Fraud Prevention Phishing Security 43

The Paypers

OCTOBER 9, 2019

(The Paypers) KnowBe4 , a provider of the security awareness training and simulated phishing platform, has launched a new complimentary tool called the Multi-Factor Authentication Security Assessment (MASA).

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Assessments Authentication Security Phishing 39

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. Developing advanced deepfake detection techniques is crucial to restoring online content trust.

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Deepfake APACS Scams Authentication 118

Payments Source

APRIL 16, 2020

As phishing and other attacks mount, a personal ID number can act as a second authentication factor, says LogRhythm Labs' James Carder.

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Phishing Authentication Payments Risk 80

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.

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AI Innovation Fraud Detection Encryption 90

The Fintech Times

NOVEMBER 20, 2024

For example, charity, gift card, imposter, invoicing, pet deposit, phishing, and romance scams. Be aware of account activity by ensuring your account notifications, such as two-factor authentication and alerts for new device logins, are turned on.

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Scams Romance Scams Technology Venmo 63

PYMNTS

JUNE 23, 2016

Small business accounting platform Xero has introduced an upgrade that aims to make transactions between businesses more secure amid rising phishing scams. The company said doing so is more secure than sending bills via email, as users cannot make changes to these documents unless they sign into the Xero portal.

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Phishing Scams Online and Mobile Banking Small Business 40

Nanonets

NOVEMBER 14, 2023

The cybercriminal proceeds to infiltrate the company's email system through methods like phishing emails or email account spoofing, particularly targeting key employees. According to Gartner’s 2022 Gone Phishing Tournament Report , a concerning 44% of employees click on email phishing links.

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Email Compromise Business Email Compromise Compromise Phishing 52

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.

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Account Takeovers Fraud Detection Phishing Fraud Prevention 94