VISTA InfoSec

SEPTEMBER 5, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security cant be emphasized enough.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security can’t be emphasized enough.

Security 130

Security Phishing Ransomware Risk Assessment 130

Fintech News

JANUARY 17, 2024

Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022. Over 80 percent of these phishing campaigns mimicked banks or financial services, including institutions based in China, as well as local services like Singpass and SingPost.

Deepfake 122

Deepfake APACS Scams Authentication 122

PYMNTS

MARCH 29, 2019

Close to 1 billion email accounts were leaked by a marketing company in what some researchers are calling the “biggest and most comprehensive email database” breach ever. Cybersecurity expert Bob Diachenko discovered the breach and contacted the Verifications.io The info did not contain passwords or credit card details. support team.

Database 74

Database Accounts Breach Phishing 74

Segpay

FEBRUARY 21, 2024

These tokens are generated for each transaction, reducing the risk of data breaches. ID Verification Generative AI plays a crucial role in identity verification by incorporating advanced biometric authentication methods. This automation accelerates response times, which is crucial in mitigating the impact of security breaches.

AI 105

AI Innovation Fraud Detection Encryption 105

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. For example, an AI system might detect a series of unauthorised login attempts and block them before a breach occurs. Securing Digital Identities Digital identity verification is a cornerstone of fintech services.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

The Fintech Times

DECEMBER 18, 2023

“A never-ending stream of data breaches combined with highly sophisticated and technical attacks means the stolen personal information available on the dark web is continuously replenished. Take company-wide training to identify phishing attacks for example. Deep fake threats John Baird, co-founder and CEO of Vouched.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

JULY 24, 2020

It appears that third-party bad actors were able to use usernames and passwords that were compromised in previous data breaches of other websites and apps to login to some Instacart accounts,” Instacart wrote. “In We are not aware of any data breach at this time,” an Instacart spokesperson said. “We

Accounts 75

Accounts Compromise Data Breach Phishing 75

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. With fraudsters getting bolder, banks, retailers and consumers are recognizing that stronger verification is now a necessity. Fraud is rampant and thriving.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

VISTA InfoSec

NOVEMBER 7, 2023

In essence, MFA requires multiple verification steps before an action is authenticated. This reduction of the “single-factor” risk is critical in an era when cyber threats are growing daily, including: Phishing attacks : Cybercriminals trick users into revealing sensitive information, often by posing as trustworthy entities.

Authentication 130

Authentication MFA Cybersecurity Credential 130

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

Fintech Review

APRIL 11, 2025

It covers identity verification, anti-money laundering (AML), transaction monitoring, and reporting automation. As financial services shift online, platforms become targets for hackers, phishing attacks, and data breaches. The consequences of a breach go beyond financial loss they can erode trust and invite regulatory action.

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cross-Border 52

PYMNTS

JULY 1, 2019

It’s open season for hacks on mobile order-ahead apps as data breaches continue to make headlines regularly and cybercriminals purchase stolen identities on darknet marketplaces. Chipotle denied any breach of its databases or systems. The Ineffectiveness of Card Verification in the Digital Age. Scamming, the Old-fashioned Way.

Account Takeovers 66

Account Takeovers Online and Mobile Banking Data Breach Credit Cards 66

PYMNTS

AUGUST 7, 2020

The research also noted a 40 percent increase compared to February in the number of blocked attempts to guide users to phishing websites for one of the most-visited gaming platforms. . The following Deep Dive examines how fraudsters’ schemes target gamers as well as how data breaches enable bad actors to commit account takeover (ATO) fraud.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

FICO

JULY 7, 2020

With phishing, bad actors use malicious emails that are disguised as legitimate to trick people into providing sensitive information or taking potentially dangerous action. Vishing is like phishing, but over the phone. Smishing is similar to phishing, but is executed through text messages. every month.

Scams 97

Scams Smishing Phishing IRS 97

PYMNTS

MARCH 20, 2020

Many are turning to artificial intelligence (AI), machine learning (ML) and other advanced learning solutions to prevent and detect breaches before they can cause large-scale problems, but bad actors are using the same set of tools to sidestep authentication processes or impersonate legitimate customers.

Fraud Prevention 90

Fraud Prevention Account Takeovers Phishing AI 90

PYMNTS

MAY 22, 2020

Banks must instead leverage multilayered defenses that harness employee and customer education, ironclad verification and artificial intelligence (AI)-enhanced fraud detection systems to keep customers’ money and personal data safe. People are one click away from a malware download or credential phishing [website].

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

NOVEMBER 2, 2016

is a particular target for data breaches that involve compromised employee account data. government is reportedly gearing up to spend close to £2 billion over the course of the next five years to fight the growing number of cyberattacks in the country. According to a report , research suggests the U.K. Two years ago, the UK suffered from 2.5

Cybersecurity 68

Cybersecurity Data Breach Phishing Compromise 68

PYMNTS

MARCH 1, 2017

Research released only days ago from Centrify found that two-thirds of surveyed companies have experienced at least five security breaches in the past two years, while separate analysis from the Identify Theft Resource Center and CyberScout have pegged 2016 as a record year for cyberattacks in the U.S.

Cybersecurity 48

Cybersecurity Phishing Email Compromise Breach 48

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. Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

MAY 8, 2017

02 , the mobile phone seller, confirmed it was the target of hackers that exploited a weakness in a protocol used by telecom networks for two-factor verification. In Verizon’s most recent Data Breach Investigations Report , the company found ransomware incidents have risen 50 percent over the last year.

Accounts 43

Accounts Online and Mobile Banking Data Breach Breach 43

Fintech Finance

NOVEMBER 6, 2024

Despite the popularity of passwords and OTPs, these traditional verification methods are increasingly vulnerable to online scams like phishing or being intercepted by fraudsters via screen mirroring.

Visa 98

Visa APACS Transactions Authentication 98

PYMNTS

SEPTEMBER 30, 2016

You don’t have to look far to see security flaws leading to massive data breaches. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

Security 76

Security Breach Data Breach Cybersecurity 76

The Fintech Times

AUGUST 14, 2024

Sixty-four per cent of respondents identified password breaches as a common means of attack. Meanwhile, ransomware (63 per cent) and phishing/social engineering attacks (61 per cent) also continue to be methods used by criminals. Despite the fears of the tech, many organisations across the globe still view generative AI as good. .

Deepfake 75

Deepfake AI Phishing Ransomware 75

Nanonets

NOVEMBER 14, 2023

The cybercriminal proceeds to infiltrate the company's email system through methods like phishing emails or email account spoofing, particularly targeting key employees. According to Gartner’s 2022 Gone Phishing Tournament Report , a concerning 44% of employees click on email phishing links.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

PYMNTS

FEBRUARY 3, 2020

Cybercriminals have more opportunities than ever to swipe debit card numbers and PINs from online consumers, and false websites, large-scale data breaches and skimming tools can compromise account information. Fraudsters are increasingly savvy, though, and retailers cannot afford to relax much. . How Banks Are Responding To Fraud Concerns.

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

The Payments Association

NOVEMBER 20, 2024

Finally, AI tools also have applications in identity verification. Account takeover fraud How it works: Fraudsters can use phishing emails, false promises, and other social engineering attacks to steal a cardholder’s personal information and gain unauthorised access to their account.

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

PYMNTS

JULY 15, 2020

With data showing that 45 percent of all 2019 data breaches — and there were a lot of them — involved medical records theft, costing healthcare providers $429 per compromised patient record or nearly $18 billion, organizations can’t be confused about their value to cyberthieves. Medical Records = Dark Web Gold.

Data Breach 58

Data Breach CCPA Social Security Breach 58

Clearly Payments

JULY 16, 2024

Phishing and Social Engineering: Attackers deceive employees or customers into divulging sensitive information, such as login credentials or personal identification numbers (PINs). In 2023, 83% of financial institutions reported an increase in phishing attacks. The travel industry saw a 44% increase in phishing attacks in 2023.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

JUNE 12, 2019

Compromised credentials are one of the most common causes of security breaches. While Google automatically blocks the majority of unauthorized sign-in attempts, adding 2-Step Verification (2SV) considerably improves account security.

Authentication 49

Authentication Bots Phishing Credential 49

PYMNTS

MAY 12, 2017

This consumer concern translates to a decrease in confidence in large organizations—which is then exacerbated by data breaches and other security events. percent of total users) were affected by an email phishing scam. percent of total users) were affected by an email phishing scam. The study found that, all told, U.S.

Business Email Compromise 51

Business Email Compromise ATM Phishing FBI 51

Fintech Review

DECEMBER 3, 2024

High-profile data breaches often make consumers wary of storing sensitive information digitally. Phishing attacks and malware remain prevalent, undermining consumer confidence. Two-factor authentication (2FA) and biometric verification add additional layers of protection. Conversely, security concerns can deter adoption.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

PYMNTS

DECEMBER 27, 2016

According to a report , a two-year study of more than 50,000 Google employees by Google determined that cryptographically based security keys are better than smartphones and other two-factor verification forms when it comes to keeping the bad guys out of accounts.

Account Takeovers 46

Account Takeovers Security Accounts Authentication 46

PYMNTS

OCTOBER 30, 2020

Land recently spoke with PYMNTS about the growing threat eSkimming presents, and detailed how payments tokenization and phishing awareness campaigns can keep consumers safe from these and other fraud tactics targeting eCommerce. Safeguarding Card Details.

Credit Cards 77

Credit Cards Credit Union Consumer Data Breach 77

PYMNTS

DECEMBER 20, 2019

Phishing schemes are particularly common, occurring when fraudsters impersonate an authority figure from a website the victim trusts and asks for their username and password. Clean fraud is especially prevalent after any major data breach, when millions of stolen identities become available on darknet marketplaces.

Data Breach 52

Data Breach Credit Cards Breach Phishing 52

PYMNTS

FEBRUARY 10, 2017

With today’s ability to hit thousands or even millions of users in a few hours through a phishing attack that infects laptops and smartphones, fraudsters could potentially grab a very large amount of credit card information typed in by users during their next online purchase,” Cagnoni explained. Identity Fraud On The Rise.

Account Takeovers 56

Account Takeovers CHIPS Chip Cards Fraud Detection 56

Fintech Review

MARCH 18, 2025

For example, credit card fraud in the era of signature verification drove the adoption of Chip-and-PIN technology. Each wave of cyber threats, from phishing scams to large-scale data breaches, led financial institutions to strengthen their defenses. Mitigating the risks Industry and governments are not ignoring these threats.

Security 66

Security Encryption FinTech Breach 66