Remove Bots Remove Cybersecurity Remove Phishing
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Banking Bots: The Good, The Bad And The Ugly

PYMNTS

billion personal records exposed in a variety of ways: 52 percent through hacking; 33 percent via phishing; and 32 percent through social engineering, with many involving more than one method. The cybersecurity market is seeing record investments financially, but it faces a crucial talent gap. billion last year.

Bots 59
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The growing threat of AI-enabled fraud

Neopay

Phishing attacks: AI-generated content enables fraudsters to create highly personalised and convincing phishing emails that bypass traditional detection methods. of all detected fraud attempts in the financial and payments sector, marking a critical turning point for cybersecurity.

AI 59
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How Axos Bank Uses Multilayered Filtering To Keep Bad Bots Out And Good Bots In

PYMNTS

Many cybercriminals rely on bots to conduct their schemes, leveraging automated data skimming programs that can overwhelm banks’ defenses through sheer volume. We like to think of [bots] like bacteria,” Raghu Valipireddy, senior vice president and chief information security officer at Axos Bank, told PYMNTS in a recent interview.

Bots 56
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Payment Security: Everything You Need to Know About Secure Payments

Stax

Taking precautions to implement security measures such as secure firewalls and cybersecurity training helps to protect cardholder data and other sensitive information. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

PCI DSS 88
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ProofPoint Warns Of Bank Trojans: A Massive Threat Executives May Overlook

PYMNTS

Warnings from the Federal Bureau of Investigation have enterprises worried about cybersecurity — specifically, concerns about ransomware attacks. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. Compare that to ransomware, which made up just 11 percent.

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Fighting Fraud In The New Normal

PYMNTS

They’re sending bot armies against log-in pages to brute-force passwords out of them. And while all of that was true before COVID-19, being truly digitally enabled and secure is no longer something anyone can afford to wait on, because so much activity has migrated online and is going to stay there, even when this is over.

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What Is Account Takeover Fraud (ATO)? Detection & Prevention

Seon

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. There are many paths to successful ATO fraud.