VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. Put simply, cybersecurity is any security system that protects our digital assets. They can include physical security to protect sensitive data on-premises, AI-powered analytics, and biometrics. What Is Multi-Factor Authentication? What is Cybersecurity?

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Authentication MFA Cybersecurity Credential 130

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

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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The Nilson Report

AUGUST 13, 2024

Payments Forum Resource Showcases Phishing-Resistant Authentication Methods for Secure, Passwordless Future appeared first on Nilson Report. The post U.S.

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Fintech News

JANUARY 14, 2024

No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement by the Singapore Police Force and DBS on Sunday (14 Jan).

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Fintech News

FEBRUARY 28, 2024

Singapore’s fight against phishing scams saw notable progress in 2023, with a reported 16% decrease in cases and a 14% reduction in financial losses compared to the previous year. We will better safeguard funds by encouraging people to adopt Money Lock, and enhancing Money Lock’s functionality.

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Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. billion digital wallet users, or 42.6%

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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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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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The Fintech Times

JULY 10, 2024

This decision aims to fortify the defence against phishing scams, a persistent threat in the digital banking landscape. Despite their benefits in reducing unauthorised access, OTPs have become increasingly vulnerable to sophisticated phishing techniques, where scammers create fake websites to trick users into revealing their OTPs.

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Fintech Finance

DECEMBER 6, 2024

Mastercard has partnered with Sympla , the leading events platform in Brazil, and Yuno , a global payments orchestrator based in Latin America, to bring its Payment Passkey Service to the region and accelerate secure online checkout for shoppers. Upon successful authentication, the transaction is completed.

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Visa Authentication Scams Payments 90

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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VISTA InfoSec

OCTOBER 21, 2024

Because there is such a clear need for the security they offer, it’s unsurprising that there is a dizzying number of crypto wallet options out in the market, ranging from popular software solutions to more exotic custom hardware storage. This can make it more difficult for hackers to trace transactions back to you.

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VISTA InfoSec

OCTOBER 21, 2024

Right now, crypto is considered to be more secure than traditional currencies and payment methods. By exploring quantum computing and cryptocurrency , we can see how an advancement in one sector can directly impact the security of another. The most common threat that you might already be aware of is phishing scams.

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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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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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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 94

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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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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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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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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PYMNTS

MARCH 6, 2020

A 2018 survey found that 50 percent of IT professionals labeled security among the most-pressing issues affecting their API strategies, and API-related services are expected to become those hackers most frequently attack by 2022. . Oversight And Authentication. percent of U.S.

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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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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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PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems.

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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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PYMNTS

APRIL 14, 2020

With the business email compromise (BEC) phishing attack a continuously growing threat for businesses large and small, organizations are exploring how strategic cybersecurity investments can protect them when bad actors attempt to steal company cash or redirect business payments. Filtering The Inbox.

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PYMNTS

MARCH 10, 2020

Digital identity solutions are becoming more and more commonplace, especially as consumers grow increasingly aware of the weaknesses of authentication methods like passwords. Businesses and organizations are already taking steps to close this security gap. Banks are also deploying digital ID solutions to great success.

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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

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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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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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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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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PYMNTS

JULY 24, 2018

Google has claimed a success in its fight against employee phishing scams , telling reporters that none of its more than 85,000 employees have fallen victim to such a scam since the company deployed its Security Keys program. “Users might be asked to authenticate using their Security Key for many different apps/reasons. .

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PYMNTS

SEPTEMBER 28, 2020

In a report by OpenText , researchers found that one-quarter of Americans was targeted in a coronavirus-related phishing email attempt, and more than three-quarters said they have opened emails from unknown senders. Fifty-nine percent of survey respondents agree that phishing emails look more legitimate than ever before.

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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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The Payments Association

DECEMBER 10, 2024

It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. Fraudsters are leveraging these advanced tools to enhance the sophistication and scale of their attacks, making it harder for traditional security measures to keep pace.

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