PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Casualties of these breaches in the first half of 2019 alone include 4.1 Axos Bank on How to Separate the Good Bots From the Bad. billion last year.

Bots 59

Bots Cybersecurity Phishing Fraud Prevention 59

PYMNTS

DECEMBER 20, 2019

Diachenko said he thinks the breach is because of an illegal bot scraping operation or even criminals who figured out how to abuse Facebook’s API. With the information, criminals could potentially launch a large-scale phishing campaign, either by SMS or other means. The originators of the database are suspected to be in Vietnam.

Database 71

Database Bots Phishing Breach 71

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

PYMNTS

JANUARY 28, 2020

Try wrapping your mind around the price tag of the average corporate data breach at $3.92 Combatting aggressive online fraudsters calls for asymmetrical strategies that confound mal-bots with superhuman processing power. In fact, phishing is the root cause of 90 percent of data breaches , including the giant commercial variety.

Data Breach 57

Data Breach Phishing Breach Bots 57

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. For online transactions, a secure connection is critical, and the SSL/TLS protocol helps ensure transactions are protected from cyber attacks and data breaches.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

JUNE 12, 2019

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

Authentication 49

Authentication Bots Phishing Credential 49

Seon

JANUARY 29, 2024

This could be accidental, or more sophisticated, for example following a mass phishing email campaign. To target these accounts, fraudsters often rely on spear-phishing techniques (targeted phishing), or SIM-Swapping attacks. In the worst-case scenario, stocks can even plummet after a publicized breach.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52