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

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

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. Ensuring Secure Workplace Practices.

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Phishing Data Breach Breach Fraud Prevention 99

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

VISTA InfoSec

FEBRUARY 25, 2024

This guide makes sensitive cybersecurity concepts approachable to enable smarter decisions in securing your systems against catastrophe. Most data breaches boil down to security failures and human error. Best Practices For Prevention Ultimately, consistent vigilance and proactive security safeguards offer the best breach protections.

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Fintech Finance

AUGUST 29, 2024

During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Upon successful authentication, the payment is instantly completed. “By Enter payment passkeys.

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Visa Security Authentication Payments 105

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

Fintech Finance

OCTOBER 18, 2024

Mastercard has partnered with noon Payments , one of the biggest payment service providers in the Middle East and North Africa, to bring its Payment Passkey Service to the region and accelerate secure online checkout for shoppers. Upon successful authentication, the transaction is instantly completed.

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Visa Scams Payments Push-to-Card 96

Seon

SEPTEMBER 28, 2023

The entry point for fraudsters isn’t just a gap in security software but a gap in training. 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. The answer is security awareness training.

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Security Phishing Best Practices Data Breach 52

PYMNTS

APRIL 24, 2020

BleepingComputer.com reports that the Coronavirus Aid, Relief and Economic Security (CARES) Act has triggered the latest round of scams. . The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. The fraudsters’ mission is to lure recipients with financial relief options.

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Phishing Scams IRS Law Enforcement 63

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

VISTA InfoSec

MARCH 28, 2024

This article explores ten key principles that every company should know and implement to ensure the highest level of data security. Data Security To secure customer data, employ encryption for data at rest and in transit. Use strong, unique passwords and consider multi-factor authentication for an added layer of data security.

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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.

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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

This transformative technology, characterized by its ability to create content autonomously, is poised to revolutionize how businesses operate, interact with customers, and secure sensitive information. These biometric features add an extra layer of security by ensuring that only authorized users can make transactions.

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AI Innovation Fraud Detection Encryption 105

Fintech News

AUGUST 13, 2024

In addition to these updates, Wise is also enhancing its security measures. 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.

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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

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.

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Fi911

JULY 8, 2024

The rise of online shopping has made eCommerce fraud an increasingly prevalent and sophisticated threat, necessitating advanced security measures to protect both merchants and customers. This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. But, what exactly are those threats?

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Account Takeovers Fraud Detection Phishing Fraud Prevention 87

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

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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PYMNTS

JUNE 6, 2019

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). The attack was demonstrated for the first time at the Hack in the Box Security Conference in Amsterdam last month, according to Fortune.

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Segpay

JUNE 13, 2024

This shows that as businesses and customers continue to rely on online payment systems the risk of falling prey to cyber security threats increases too. million is a constant reminder of why secure online payments are a priority for businesses and consumers who bank on online payments. Target’s 2017 multistate settlement of $18.5

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Fintech News

JANUARY 17, 2024

These crimes are becoming increasingly sophisticated, leveraging human-centric coercion and remote access tools, indicating a grim reality for digital banking security. On another front, LexisNexis Risk Solutions reports proactive efforts by the Hong Kong Monetary Authority to bolster online banking security and combat digital fraud.

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Center for Payments

SEPTEMBER 1, 2023

In an increasingly digital and interconnected world, ensuring the security and resilience of payment systems is paramount. This article explores the benefits of National Preparedness Month as it relates to payments and highlights the steps individuals, businesses, and organizations can take to enhance payment security.

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Payment Security Security Cybersecurity Identity Theft 40

PYMNTS

APRIL 22, 2019

Gaming companies are taking digital authentication to the next level. 88 percent: Share of consumers who cited security as the most important factor when opening accounts. 66 percent: Increase in phishing attempts this year to date. Data: 1933: The year prohibition ended in the U.S. on a federal level.

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Authentication Fraud Prevention Phishing Security 43

Fintech News

JUNE 10, 2024

The Cyber Security Agency of Singapore (CSA), the Singapore Police Force (SPF) , and the Personal Data Protection Commission (PDPC) have issued a warning to organisations about the Akira ransomware variant, which has been targeting businesses across various sectors. They also gather system and network information to further their attacks.

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Fintech News

MARCH 6, 2024

Singapore’s mobile operators Singtel and M1 have announced a collaboration to enhance security for their customers through network-based authentication. This framework benefits not only service providers but also end users by promoting wider accessibility and faster implementation of security solutions.

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PYMNTS

JUNE 12, 2019

Google says iPhone and iPad users can now verify sign-ins with their Android security key, according to a report by TechCrunch. Compromised credentials are one of the most common causes of security breaches. Since the introduction of 2SV, Google said, 100,00 users are using their Android devices as a security key.

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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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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

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. ATO fraud increased by 72% in 2023, with losses totaling $11.4

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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. ” Fighting against financial crime in Singapore SFV becomes the latest security measure used by banks in Singapore to protect customers against scams and fraudsters.

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Verification Scams Financial Crimes Crime 72

Stax

DECEMBER 20, 2023

By following these simple tips, you’ll be able to secure credit card processing rates that make big businesses jealous. Secure your transactions Ensuring your customers’ transactions are secure isn’t just in the customers’ best interests. Just starting out with your small business? The bigger you think, the smaller your rates.

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Credit Cards Small Business Process Security 88

PYMNTS

OCTOBER 12, 2018

Now, security providers and financial institutions (FIs) are working to stop them from impacting banks’ assets and customers by turning to new, emerging technologies like artificial intelligence (AI) and machine learning (ML). Maybe 20 years ago, the aspiration was really robust security, meaning you could stop all cyberattacks,” he said.

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Security Online and Mobile Banking Phishing Cybersecurity 76

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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