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

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 106

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

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

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.

PCI DSS 245

PCI DSS Security Compromise Best Practices 245

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 223

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

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.

Visa 96

Visa Scams Payments Push-to-Card 96

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

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

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

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 108

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 108

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 105

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

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 120

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

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

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

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.

Phishing 40

Phishing Scams Online and Mobile Banking Small Business 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

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. Employees, often regarded as the weakest link in the security chain, can inadvertently become conduits for cyber attacks.

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Cybersecurity Encryption Breach Phishing 130

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 87

VISTA InfoSec

MARCH 28, 2024

Use strong, unique passwords and consider multi-factor authentication for an added layer of data security. This training should cover topics such as recognizing phishing attempts, safe handling of data, and the proper use of security tools. Data Security To secure customer data, employ encryption for data at rest and in transit.

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Data Breach Regulatory Compliance Breach Encryption 249

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.

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Cybersecurity Ransomware RDC Credential 139

Fintech News

JUNE 10, 2024

Organisations are advised to enforce strong password policies and implement multi-factor authentication to prevent unauthorised access. Regular training sessions should be conducted to make employees aware of phishing and other social engineering tactics used by cybercriminals. Employee education plays a critical role in cybersecurity.

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Ransomware Authorization Phishing Cybersecurity 101

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.

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Security Phishing Best Practices Data Breach 52

PYMNTS

OCTOBER 8, 2020

And in digital onboarding, email verification and other authentication technologies can assist in offering a seamless and safe experience for consumers. 2.2B: Number of consumers targeted with COVID-19-related phishing schemes. 2.2B: Number of consumers targeted with COVID-19-related phishing schemes.

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Phishing Authentication Verification Returns 93

PYMNTS

OCTOBER 9, 2020

We have seen phishing attacks surge since the pandemic started,” Reichel said. Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. The quality of the branded phishing emails are what sets the latest coronavirus email attacks apart,” Reichel said. Spear Phishing.

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B2B Phishing Scams Ransomware 116

PYMNTS

JUNE 12, 2019

FIDO security keys provide the strongest protection against automated bots, bulk phishing, and targeted attacks by leveraging public key cryptography to verify your identity and URL of the login page, so that an attacker can’t access your account even if you are tricked into providing your username and password,” Google said.

Authentication 49

Authentication Phishing Bots Credential 49

Clearly Payments

JULY 16, 2024

To mitigate these risks, retailers can implement robust authentication measures, invest in secure payment gateways , and educate customers about secure online shopping practices. In 2023, 83% of financial institutions reported an increase in phishing attacks. The travel industry saw a 44% increase in phishing attacks in 2023.

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Risk Identity Theft Phishing Account Takeovers 52

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. SFV scans a customer’s face to verify their identity against national records before the customer’s DT can be activated for use.

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Verification Scams Financial Crimes Crime 72

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

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.

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Fraud Prevention Account Takeovers Authentication Identity Theft 104