VISTA InfoSec

OCTOBER 21, 2024

Whichever cryptocurrencies you’re trading in, make sure to look for these security features in your next crypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password. This can make it more difficult for hackers to trace transactions back to you.

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Cryptocurrency Multifactor Authentication MFA Compromise 130

Fintech News

MARCH 25, 2024

It typically operates by infecting a user’s device through various means, such as phishing emails, fake apps, or compromised websites. Hook is a type of malicious software specifically designed to target mobile banking apps. The captured information is then sent to a remote server controlled by cybercriminals.

Mobile Banking 109

Mobile Banking Online and Mobile Banking Identity Theft Credential 109

PYMNTS

JUNE 8, 2020

FIs may need to provide data to FinTech startups without dedicated cybersecurity teams, for example, which could then be more easily compromised by hackers who will steal sensitive bank customer data. MFA requires customers to prove their identities by providing at least two types of credentials. Fighting Phishing.

Authentication 60

Authentication MFA Phishing Scams 60

PYMNTS

OCTOBER 21, 2020

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.”. Studies have found that using MFA can prevent more than 99.9 P2P Is A Double-Edged Sword. percent of attacks that utilize stolen credentials.”.

P2P 56

P2P Security MFA Financial Crimes 56

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. Layer 1 – Cybersecurity Measures. The layer for cybersecurity puts measures in place to monitor the security & internet infrastructure of the organization. Cosmos Bank in India recently had $13.5

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

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. Layer 1 – Cybersecurity Measures. The layer for cybersecurity puts measures in place to monitor the security & internet infrastructure of the organization. Cosmos Bank in India recently had $13.5

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40

Seon

SEPTEMBER 28, 2023

Key Topics for a Security Awareness Program A security awareness program should focus on strong, up-to-date cybersecurity compliance, equipment, and measures and ensure a level-headed and well-informed workforce. Password management : Using multi-factor authentication (MFA) and password managers.

Security 52

Security Phishing Best Practices Data Breach 52

PYMNTS

APRIL 21, 2020

Business email compromise (BEC), B2B phishing scams, synthetic identities, fake accounts and trillions of aid dollars flooding out at a time of maximum uncertainty make this a fraudster’s paradise. COVID-19 has afforded internet villains what will certainly go down as the greatest cybertheft opportunity of their shadowy lifetimes.

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Scams Automation Phishing Email Compromise 63

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. Businesses are encouraged to employ comprehensive cybersecurity practices to reduce risk.

Electronic Fund Transfer Act (EFTA) 88

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

PYMNTS

SEPTEMBER 7, 2017

This fundamental shift in approaching and tackling the problem has established us as the clear market leader in the fraud prevention [and cybersecurity] space. At the same time, banks have a strong desire to provide a smoother and more frictionless customer experience without compromising security.

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Same Day ACH Fraud Detection Innovation Fraud Prevention 46