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Deep Dive: Reducing The Security Risks Of Open Banking

PYMNTS

These credential abuse attacks come in a variety of forms, with some hackers choosing to overwhelm API defenses with simultaneous logins from a host of bots and others using more targeted techniques like phishing individual API developers and using their login credentials. There were 85.42 million were aimed at the financial industry.

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TD Bank On How AI, MFA Are Changing Call Centers

PYMNTS

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Why AI, MFA Are Necessary Within Call Centers .

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Payment Security: Everything You Need to Know About Secure Payments

Stax

Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. Many people use MFA when making purchases through Apple Pay, for example, using Face ID or a passcode to complete a purchase. What is SSL/TLS? Q: What is the most secure online payment method?

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Deep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO Problem

PYMNTS

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.

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PCI DSS Checklist: Secure Your Business

VISTA InfoSec

Ensure Comprehensive Protection : Ensure that antiviruses can detect, remove, and protect against all malware types, including viruses, worms, Trojans, bots, and ransomware. In addition to unique access, PCI DSS requirements mandate the use of multi-factor authentication (MFA) mechanisms.

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

Seon

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. Exploiting security vulnerabilities : This is where unpatched security holes are used to gain unauthorized access to a system.

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Why Alexa Won’t Replace Call Center Agents Just Yet

PYMNTS

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. Self-care, chat bots, artificial intelligence, and machine-to-machine learning is here to stay.