PYMNTS

JUNE 29, 2020

Open banking comes with security risks, however, as a hacker that manages to breach an open banking API can hijack all of the apps that harness this interface to gather data. One 2018 study found that 81 percent of open banking-related breaches were the result of stolen or weak passwords.

MFA 96

MFA Risk Security API 96

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. What is SSL/TLS?

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

JULY 13, 2020

A popular brute force method used to accomplish this is credential cracking , which involves fraudsters using bots to automatically plug potential usernames and passwords into login screens in the hopes of stumbling across the correct credentials.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

VISTA InfoSec

JULY 31, 2023

Doing so can help reduce the scope of PCI DSS compliance and minimize the risk of data breaches. Ensure Comprehensive Protection : Ensure that antiviruses can detect, remove, and protect against all malware types, including viruses, worms, Trojans, bots, and ransomware. servers, workstations, laptops, and mobile devices).

PCI DSS 130

PCI DSS Security Encryption Compliance 130

Seon

JANUARY 29, 2024

In the worst-case scenario, stocks can even plummet after a publicized breach. Educate your users: Remind users to prioritize password security, encourage the use of multi-factor authentication (MFA), and suggest the use of VPNs on public Wi-Fi networks. The finance department must fight chargebacks.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

NOVEMBER 9, 2017

I don’t think Alexa is road-ready for true voice biometric determination for an MFA [multi-factor authentication], even in-home,” IntraNext CEO Patrick Brown told Karen Webster in a recent interview. The executive said IntraNext isn’t fielding as many questions following the Equifax data breach as might be expected.

Authentication 41

Authentication MFA Fraud Detection Security 41