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

Seon

JUNE 15, 2023

Fraudsters use manipulation tactics such as email-based phishing or take advantage of leaked company data to gain access to – and take over – one or more of the business’s accounts. A BEC attack is when a fraudster gains unauthorized access to a business’s account. The most damaging form of BEC is account takeover (ATO) attacks.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

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

Seon

JANUARY 29, 2024

This could be accidental, or more sophisticated, for example following a mass phishing email campaign. 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.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

FEBRUARY 8, 2019

IBM data said the average cost of a data breach is $3.86 In another, phishing scams will fraudulently request an employee login to Uber or LinkedIn to steal those credentials. Yet, according to Pedersen, most professionals are still not educated on how to spot a phishing attack. million, with U.S. How can you not do that?

Phishing 66

Phishing Payment APIs and Integration MFA Credential 66

Seon

SEPTEMBER 11, 2023

Identity theft: Scammers can commit identity theft by using methods like phishing and vishing to impersonate genuine users. They launch attacks against neobanks, with social engineering and other manipulative tactics being the favored ways to breach their victims’ data.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

FICO

SEPTEMBER 17, 2018

If there are vulnerabilities such as older versions of systems, outdated SSL certificates, use of poor network protocols, or the suspicion of phishing and malware originating from the organization’s servers, these are flagged and prompt corrective action can be taken. Layer 2 – Authentication.

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

FICO

SEPTEMBER 19, 2018

If there are vulnerabilities such as older versions of systems, outdated SSL certificates, use of poor network protocols, or the suspicion of phishing and malware originating from the organization’s servers, these are flagged and prompt corrective action can be taken. Layer 2 – Authentication.

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40