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.

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Deepfake APACS Scams Authentication 122

PYMNTS

JULY 22, 2019

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? The suggested changes here could both create privacy complications for our users and limit how photos and files could be shared.”. The phishing campaign targets consumers and also commercial users.

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PYMNTS

JULY 10, 2019

Privacy is the new currency in a time when browsing the internet can be a lot like walking through a crime-ridden neighborhood. Besides identity theft, malware and viruses, there are phishing scams, data breaches and other unknown issues that can compromise computers and daily life.

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Privacy Identity Theft Regulatory Compliance Data Breach 40

VISTA InfoSec

SEPTEMBER 25, 2024

The most common threat that you might already be aware of is phishing scams. Through malicious software, usually gained by downloading something or opening a compromised link, youll be faced with data loss and/or further unauthorized access to your details. From there, theyll require you to input confidential details.

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PYMNTS

JANUARY 29, 2019

In its 2019 Data Privacy Benchmark Study, published last week, Cisco found that the combination of security best practices and investment in cybersecurity technology correlates to a lessened impact from data breaches. But for companies that are GDPR-ready, sales delays were significantly shorter — 3.4 weeks, compared to 5.4

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Cybersecurity Data Breach Phishing Privacy 59

PYMNTS

NOVEMBER 2, 2016

is a particular target for data breaches that involve compromised employee account data. Attacks of this kind are so widespread that it has made privacy cheap, where data from stolen credit cards can be sold for $5. According to a report , research suggests the U.K. Two years ago, the UK suffered from 2.5

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Cybersecurity Data Breach Phishing Compromise 68

VISTA InfoSec

NOVEMBER 7, 2023

Additionally, organizations need to comply with data privacy requirements including understanding Digital Personal Data Protection. We live in a world where remote access to data is the norm, opening up additional vulnerabilities when protecting digital assets. Mutli-Factor Authentication (MFA) isn’t a new concept. 5 - (2 votes)

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Authentication MFA Cybersecurity Credential 130

Clearly Payments

MARCH 4, 2024

From the Target data breach that compromised millions of customer accounts to the collapse of Wirecard AG following revelations of accounting fraud, these fraud events serve as stark reminders of the vulnerabilities within payment systems. Over 40 million credit and debit card accounts compromised.

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Phishing Data Breach Law Enforcement Money Laundering 59

Fintech Review

DECEMBER 3, 2024

Additionally, consumers may worry about data privacy and unauthorised access. Phishing attacks and malware remain prevalent, undermining consumer confidence. Striking the right balance is essential to encourage advancements without compromising security. Privacy concerns also persist. However, challenges remain.

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Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

PYMNTS

APRIL 11, 2017

Reports said employee data including names, employee IDs, Social Security numbers and other information was compromised as a result. Coupa was one of numerous companies recently targeted by this ‘phishing’ scam,” the company said in a statement. The privacy and protection of our employee data is a matter we take very seriously.”.

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PYMNTS

DECEMBER 27, 2016

Security architects at Google have already claimed security keys is their favored two-factor authentication because of the ease of developing the keys and using them, the security they offer, and the absence of any privacy trade-offs that the report said can come with other two-factor authentication tools.

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Account Takeovers Security Accounts Authentication 46

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. 2013 had compromised even more user data.

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Data Breach Breach Security Risk 71

Stax

APRIL 10, 2025

Benefits of contactless payments It gives your customers more flexibility and speeds up the checkout process Encryption and tokenization are defining features of NFC payments, helping to drastically reduce the risk of fraud It can be an additional payment method that will increase your market reach and attract more customers Drawbacks of contactless (..)

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Small Business Wire Transfer BNPL ACH 88

PYMNTS

JUNE 9, 2020

percent ‘less likely to be compromised.’ Adopting MFA and helping customers detect phishing scams can go a long way toward enabling FIs to offer convenient open banking without adding greater risks.”. Doing data right” is now critically important. ” Securing That Which Is ‘Open’. “The

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AML MFA Authentication Verification 52

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.

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Data Breach CCPA Social Security Breach 58

PYMNTS

JUNE 28, 2016

As ZDNet reported , the company posted on its website that the sample of records it saw were “real and current,” but maintains that it was not hacked and that the data may have been stolen via phishing. It was reported that the login credentials of more than 32 million Twitter users were compromised.

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Data Breach Breach Credential Phishing 40

PYMNTS

JUNE 27, 2016

Reuters reported late last week that Peter Locsin, of Talisay City, Philippines, is believed to be behind a cybercrime scheme to compromise the accounts of several well-known individuals at three financial institutions. Attorney for the Central District of California alleges, was behind a phishing scheme between Nov. 2012 and Sept.

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Payments Data Identity Theft Wire Transfer Compromise 40

PYMNTS

MAY 2, 2019

trillion cybersecurity incidents each year, with spam email, scams and phishing schemes making up most of those attacks. It can’t all be blamed on passwords – but then, there are recent instances of how easily those tools can be compromised. His dim view of the password is informed by experience. Microsoft handles 6.5

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Data Breach Security Breach Authentication 55

PYMNTS

JANUARY 30, 2018

billion raised via controversial initial coin offerings (ICOs) have been lost to lapses in security, including phishing attacks. While a lot of the focused testing of blockchain is similar to regular security testing (encryption integrity, data privacy, etc.),

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Blockchain Security Cybersecurity Cross-Border Payments 57

PYMNTS

APRIL 7, 2017

Hall noted that among the most alarming statistics that loom from reports centered on cybersecurity, Verizon has noted that 63 percent of data breaches “happen because a login is compromised, whether it is stolen or whether it is phished …”. With more automation in place, companies can operate more efficiently and on a grander scale.

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Cybersecurity Authentication Security Federal Reserve 40

CB Insights

JULY 23, 2020

Additionally, given that health data is sensitive and must be handled securely, health and biometric screens can present privacy and discrimination concerns. Past incidents from biotech and genealogy companies have dampened public trust in the privacy of health data. Challenges: protecting privacy and sanity . Source: Density.

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Posting Cybersecurity Returns Online and Mobile Banking 101

The Fintech Times

DECEMBER 11, 2023

“The potential for more realistic phishing attacks and the spread of disinformation, leveraging AI’s ability to mimic different personas convincingly, will be a part of this. “SaaS businesses should also be increasingly mindful of data privacy violations arising from insecure deployment of LLMs in SaaS-specific products.

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Fintech News

MARCH 1, 2025

This suggests attackers are refining methods to penetrate offline storage through compromised internal systems or supply chain attacks. Key compromises often happen through phishing attacks, malware, or social engineering tactics. Be Wary of Phishing Attacks Phishing remains one of the most common attack vectors in crypto theft.

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Fintech News

MARCH 9, 2025

This collaboration addresses growing concerns about fraud and phishing scams in Singapore, where the Financial Industry Disputes Resolution Centre has reported a rise in related claims. Notably, the platform has experienced less than 1% false positives with Fraud Guard, indicating effective and accurate fraud detection.

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Security Fraud Detection Verification Bots 81

FICO

NOVEMBER 4, 2016

President Barack Obama asked , "How do we continue to get all the benefits of being in cyberspace but protect our finances, protect our privacy?" Due to lack of security features, creating an IoT botnet is a great deal easier than phishing users to compromise PCs. Is your privacy and safety impacted?

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Security Compromise Cybersecurity Privacy 101