Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. The Importance of Security Awareness Training The fact that so many data breaches occur due to human error highlights the importance of security awareness training.

Security 52

Security Phishing Best Practices Data Breach 52

PYMNTS

JULY 13, 2020

A more focused ATO attack type is known as credential stuffing , which is typically conducted by hackers who possess customer login details that have been exposed in data breaches. This approach can make it more difficult for bots to rely on random guesses to crack into accounts by simply plugging in common password and username combinations.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. However, despite this, there is still confusion surrounding the mechanism and how it adds to cyber defense. This article unravels the mysteries of MFA and how it can be used to strengthen cyber defenses. Another mechanism that is heavily relied on is MFA.

Authentication 130

Authentication MFA Cybersecurity Credential 130

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

Stax

JULY 9, 2024

Data breaches that compromise consumer payment or sensitive business data, identity theft, and other forms of fraudulent transactions are all current threats of doing business—however, that is simply part of doing business in today’s digital age. What is the future of EFTs?

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

FICO

SEPTEMBER 17, 2018

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. Cosmos Bank in India recently had $13.5 Layer 2 – Authentication.

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

VISTA InfoSec

JUNE 18, 2024

Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching. These obsolete programs lack ongoing network security updates, making them low-hanging fruit for breaches.

Data Security 208

Data Security Security Encryption Cybersecurity 208

FICO

SEPTEMBER 19, 2018

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. Cosmos Bank in India recently had $13.5 Layer 2 – Authentication.

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40

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. The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems.

MFA 96

MFA Risk Security API 96

PYMNTS

OCTOBER 21, 2020

Companies charged with protecting people’s data lost ground in 2020, after an abysmal 2019 of breathtaking data breaches. This means that even one compromised account could threaten all others that rely on the same credentials, potentially costing victims a fortune in stolen money and data.”. P2P Is A Double-Edged Sword.

P2P 56

P2P Security MFA Financial Crimes 56

PYMNTS

FEBRUARY 8, 2019

IBM data said the average cost of a data breach is $3.86 A successful email campaign that steals the password of a company’s Uber account could also compromise an organization’s online banking credentials or accounting app login information. “That’s one area where you see these big breaches.”

Phishing 66

Phishing Payment APIs and Integration Credential MFA 66