The Fintech Times

AUGUST 13, 2024

As attacks become more complex, so do the prevention measures, enabling us to monitor 2,400 transactions per second and identify and block fraud. Latin America also saw a staggering 617 per cent increase in phishing attacks in 2023, with cyber criminals using AI to craft more realistic and targeted phishing emails.

AI 59

AI Fraud Detection Fraud Prevention Deepfake 59

PYMNTS

JUNE 12, 2019

Compromised credentials are one of the most common causes of security breaches. While Google automatically blocks the majority of unauthorized sign-in attempts, adding 2-Step Verification (2SV) considerably improves account security.

Authentication 49

Authentication Phishing Bots Credential 49

PYMNTS

MARCH 26, 2020

Blocking these bots would prevent Axos from being easily found on Google — the most popular website on Earth — and cripple its ability for new customers to find it online. In the past, a lot of organizations took the stance of blocking all the bots,” Valipireddy said. Hostile bots’ threats are very real, however.

Bots 56

Bots Ransomware Blocks Credential 56

PYMNTS

OCTOBER 30, 2020

Land recently spoke with PYMNTS about the growing threat eSkimming presents, and detailed how payments tokenization and phishing awareness campaigns can keep consumers safe from these and other fraud tactics targeting eCommerce. Safeguarding Card Details. FIs can also offer customer outreach that raises awareness of these kinds of ploys. .

Credit Cards 77

Credit Cards Credit Union Consumer Data Breach 77

FICO

JANUARY 22, 2021

Phishing attacks are on the rise during the pandemic. These include emails, texts and phone calls that attempt to trick customers into handing over their credit card credentials. This balanced approach avoids expensive mass block-and-reissue replacement. . Special Tools to Combat Credit Card Fraud.

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 52

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. A crafty hacker could infiltrate accounts secured by flimsy credentials. Even if passwords are compromised, those extra identity checkpoints block illicit access attempts. Outdated software?

Data Security 208

Data Security Security Encryption Cybersecurity 208

PYMNTS

OCTOBER 5, 2020

13 billion is the minimum number of “malicious and suspicious mails” that Microsoft blocked last year, according to a blog post from the tech company. Authorities have taken in a minimum of 11 reports of so-called PO schemes as of August.

Ransomware 54

Ransomware AFP Breach Payments 54

PYMNTS

AUGUST 21, 2017

According to Kaspersky Lab, an old malware has gotten a new lease on life by hijacking credentials from ridesharing services. The malware is known as the Faketoken Android Trojan , a mobile banking malware designed to steal credentials such as name, credit card number and CCV, amid other information.

Bitcoin 40

Bitcoin Credential Push-to-Card Blocks 40

PYMNTS

DECEMBER 23, 2019

Which is why reports emerging in media that banks might be strategically blocking FinTech firms’ access to consumer data quickly caught so much attention. The first, Visa said, is a phishing attack that targets station employees though malware-packed email. Venmo and PNC’s Spat Over Zelle .

Venmo 52

Venmo Zelle Direct Deposit Federal Reserve 52

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.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

Seon

JUNE 15, 2023

Fraudsters use manipulation tactics such as email-based phishing or take advantage of leaked company data to gain access to – and take over – one or more of the business’s accounts. A BEC attack is when a fraudster gains unauthorized access to a business’s account. The most damaging form of BEC is account takeover (ATO) attacks.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

MAY 22, 2020

These financial crimes are perpetrated using various techniques, and no one-size-fits-all defense can block them all. People are one click away from a malware download or credential phishing [website]. “Whenever there’s a societal disruption, there are bad guys out there trying to take advantage of people.”.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

AUGUST 7, 2020

The research also noted a 40 percent increase compared to February in the number of blocked attempts to guide users to phishing websites for one of the most-visited gaming platforms. . Online gambling compliance experts are also predicting that cybercrime will sharply rise in the coming months.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

JULY 21, 2020

Fraudsters also want to steal details like the names of consumers and their banks because including such information in phishing texts and emails lends an air of legitimacy to their masquerade, making it harder for consumers to detect the scheme. One recent example of this saw scammers alerting users about potentially fraudulent transactions.

P2P 60

P2P Scams Security Account Takeovers 60

Seon

MAY 8, 2024

By using thousands of real-time device signals, from geolocation and IP information to behavioral data such as battery life, phone orientation and font count, suspicious setups and settings across desktop and mobile devices can be flagged and blocked.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

PYMNTS

SEPTEMBER 9, 2016

If it’s unsuccessful, the malware blocks the device, and the user must attempt to remove the malware. Fraudsters are posing as PayPal’s own customer service representatives on Twitter in order to perpetrate phishing attacks against unsuspecting PayPal users. From there, the malware receives more of the user’s information.

Phishing 41

Phishing Breach PayPal Database 41