Payments Dive

DECEMBER 12, 2019

As a rising number of consumers use digital payments to conduct ecommerce transactions, businesses need to make sure their mobile apps are secure. Customer identity and payment information is increasingly at risk as fraud actors find new ways to compromise mobile platforms.

Payment Security 139

Payment Security Security Compromise Payments 139

VISTA InfoSec

APRIL 5, 2024

Furthermore, complementing it with a managed security service provider (MSSP) ensures IT systems are secure and protected from malicious software threats. Data privacy and security Protecting your data and taking preventive measures to keep it away from fraudsters is important in the era of remote work. Recovery cost.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

VISTA InfoSec

OCTOBER 21, 2024

Small and medium enterprises (SMEs) are especially vulnerable to these attacks due to limited resources and a lack of cyber security expertise. Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. What are the most common cyber security threats for SMEs?

Security 130

Security Phishing Ransomware Risk Assessment 130

Fintech Finance

NOVEMBER 28, 2024

Serenity , a tech and blockchain solution provider, and IDEMIA Secure Transactions (IST), a global leader in payment and connectivity solutions, announced the launch of sAxess , a biometric security card to improve data access control, security, and recovery.

Security 114

Security Transactions NFTs Blockchain 114

PYMNTS

SEPTEMBER 27, 2020

About 70 percent of the 500 companies surveyed said that they expected remote working during the pandemic to increase the cost of a breach; four-fifths told researchers said they expected it will take longer to notice and secure a breach.

Security 129

Security Cybersecurity Breach Crime 129

PYMNTS

OCTOBER 30, 2020

Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring, according to a Friday (Oct. 30) announcement emailed to PYMNTS. Mastercard said the world faces a $5.2

AI 118

AI Security Visa Breach 118

VISTA InfoSec

JULY 19, 2024

It affects how secure the hardware is, as well as how well data stays safe. This is why it’s extremely important for them to design electronic devices with security in mind. That is, to only use PCBs with robust security features. All other security measures, including software and network security, are simply built upon it.

Cybersecurity 264

Cybersecurity Encryption Fraud Detection CHIPS 264

The Fintech Times

JUNE 26, 2024

Promon, a provider of mobile app security solutions, has named the first-of-its-kind malware ‘Snowblind’ It makes use of a novel attack vector, exploiting functionalities in the Android operating system to bypass anti-tampering mechanisms.

Security 111

Security Cybersecurity Credential Compromise 111

Fintech News

OCTOBER 21, 2024

Singapore-based regtech firm Tookitaki has secured funding from True Global Ventures (TGV) Opportunity Fund. Both platforms utilise federated learning, allowing for shared insights without compromising data privacy. The post Thunes-Backed Regtech Firm Tookitaki Secures Funding for Asia Expansion appeared first on Fintech Singapore.

Financial Crimes 107

Financial Crimes Security Crime Cross-Border Payments 107

Payments Dive

JUNE 25, 2019

Mobile identity is becoming a more complex undertaking as fraudsters use evolving tactics to compromise smartphone security.

Verification 143

Verification Compromise Security 143

Segpay

NOVEMBER 20, 2024

Biometric security has become a normal part of modern technology. Facial recognition, fingerprint scanning, and iris recognition have revolutionized how we verify identity, access information, and secure environments. As these technologies continue to evolve, they not only enhance security but also improve user experience.

Security 86

Security Technology Privacy Compromise 86

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. However, as payment services rely more heavily on these AI technologies, they face a growing challenge: how to harness the power of LLMs without compromising data privacy.

Privacy 88

Privacy AI Payment Security Security 88

Finextra

JANUARY 9, 2024

The Securities and Exchange Commission has seen its Twitter account compromised and used to falsely post that the regulator has approved spot bitcoin ETF applications.

Compromise 61

Compromise Bitcoin Accounts Regulations 61

VISTA InfoSec

JANUARY 18, 2024

with a particular emphasis on the move towards ‘network security controls’. As a reminder, the Payment Card Industry Data Security Standard (PCI DSS) is a comprehensive set of security requirements that all organizations handling cardholder data must adhere to. As we continue our exploration of the updated PCI DSS v4.0,

PCI DSS 288

PCI DSS Procedures Encryption Security 288

Fintech News

MARCH 10, 2024

In the dynamic landscape of Indonesia’s digital revolution, the exponential growth of digital payments has generated an increased demand for robust mobile app security solutions. As financial institutions navigate the challenges of securing sensitive financial information and user data, a great responsibility emerges to safeguard both.

Digital Payments 87

Digital Payments Security Data Encryption Encryption 87

Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. billion digital wallet users, or 42.6%

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Fintech Finance

MAY 22, 2024

As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem. In a bid to sell this data to other criminals, they place part of the 16-digit numbers on illegal websites.

Fraud Detection 91

Fraud Detection Visa AI Technology 91

VISTA InfoSec

OCTOBER 21, 2024

Because there is such a clear need for the security they offer, it’s unsurprising that there is a dizzying number of crypto wallet options out in the market, ranging from popular software solutions to more exotic custom hardware storage. In particular, look for wallets that let you customize transaction confirmation settings.

Cryptocurrency 141

Cryptocurrency Multifactor Authentication MFA Compromise 141

PYMNTS

OCTOBER 9, 2020

The wire service said a Robinhood statement indicated that the company’s internal systems were not compromised and that they are “actively working with those impacted to secure their accounts.”. 9) that hackers may have gained information about customers' personal email accounts, Reuters reported.

Wire 134

Wire Wires Compromise Security 134

VISTA InfoSec

OCTOBER 21, 2024

Right now, crypto is considered to be more secure than traditional currencies and payment methods. By exploring quantum computing and cryptocurrency , we can see how an advancement in one sector can directly impact the security of another. These updates typically also have security and bug patches that will make you less easy to hack.

Cybersecurity 199

Cybersecurity Encryption Scams Cryptocurrency 199

PYMNTS

JULY 31, 2020

million, and it isn’t clear whether private customer data was compromised by the attack. A CWT representative told the news service: “While the investigation is at an early stage, we have no indication that personally identifiable information/customer and traveler information has been compromised.”

Bitcoin 105

Bitcoin Ransomware Compromise FBI 105

PCI Security Standards

JUNE 28, 2024

The PCI Security Standards Council (PCI SSC) has published notable updates to its PCI Forensic Investigator (PFI) Program, including changes to its supporting documentation, Addendum to Qualified Security Assessor Agreement for PCI Forensic Investigators, and reporting templates.

Compromise 88

Compromise Agreements Security 88

PYMNTS

DECEMBER 22, 2020

Facebook will increase its security offerings, especially for high-profile users, the social media giant announced Tuesday (Dec. The company will support the use of security keys on mobile devices so anyone logging into an account will need more than just a password, a Facebook official told PYMNTS.

Authentication 94

Authentication Accounts Compromise Security 94

Fintech News

OCTOBER 28, 2024

In a separate use case, involving capital investment transactions between South Korea and Australia, it automated sanctions screening and conducted compliance checks for unlisted securities transactions for financial institutions. We are optimistic about the potential of these early results to enhance cross border payments.”

Cross-Border 100

Cross-Border Compliance Cross-Border Payments Automation 100

VISTA InfoSec

JUNE 7, 2024

As flexible working arrangements become increasingly common across every industry, companies need secure, dependable ways to grant remote employees online access to company data, services, and applications. With ZTNA, companies will no longer have to tolerate higher security risks in the name of maintaining productivity.

Micro-Entry 162

Micro-Entry Data Breach Breach Cybersecurity 162

VISTA InfoSec

JUNE 3, 2024

Data should be handled securely and confidentially to prevent unauthorized access. One of the fundamental principles of GDPR is to ensure the security and confidentiality of personal data. Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals.

MFA 130

MFA Credential PCI DSS Compliance 130

Stax

AUGUST 20, 2024

This has led to an increased need for security measures to protect both merchants and customers. One solution to counter this problem is 3D Secure Authentication. 3D Secure is a fraud prevention solution with an added layer of security that helps protect buyers and merchants from fraudulent online transactions.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

Fintech News

NOVEMBER 24, 2024

The company confirmed the incident to TechCrunch following a hacker’s claim of compromising Finastra ‘s internal file-transfer platform and subsequent attempts to sell the stolen data. Currently, Finastra is unable to disclose the number of affected customers or the precise nature of the compromised data.

Breach 88

Breach Compromise Data Breach Credential 88

Bank Automation

DECEMBER 21, 2023

Fraudsters continue to do damage in the finance industry, evidenced by recent attacks against Fidelity National Financial and Mr. Cooper, and financial institutions must strengthen their systems to avoid hacks and respond to breaches. In 2023, the average cost of a data breach in the financial industry was $5.9

Compromise 75

Compromise Data Breach Breach Finance 75

Fintech News

DECEMBER 10, 2024

This will enable collaborative intelligence without compromising the privacy or security of sensitive financial data. The project emphasises data privacy and security, utilising privacy-enhancing technologies and confidential computing techniques to protect sensitive information.

SWIFT 83

SWIFT AI Innovation Fraud Detection 83

Fintech News

DECEMBER 14, 2023

Or what are the biggest threats or security gaps causing IT and security teams to lose sleep at night? Or a new security flaw in some omnipresent software? Cyber security hygiene is no different. Rules like “Clean up your mess,” and “Flush” are equally critical to maintaining a ‘healthy’ security posture.

Security 83

Security Breach Rules Ransomware 83

VISTA InfoSec

OCTOBER 21, 2024

It affects how secure the hardware is, as well as how well data stays safe. This is why it’s extremely important for them to design electronic devices with security in mind. That is, to only use PCBs with robust security features. All other security measures, including software and network security, are simply built upon it.

Cybersecurity 158

Cybersecurity Encryption Fraud Detection CHIPS 158

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Compromise 98

Compromise Scams Debit Card Smishing 98

Payments Source

FEBRUARY 21, 2019

By using the dark web as a cybersecurity tool, instead of an ungovernable threat, financial institutions can intercede and interdict compromised card data post-breach, pre-fraud, writes Ted Kirk, vice president of strategic partnerships for Advanced Fraud Solutions.

Compromise 118

Compromise Cybersecurity Breach Payments 118

Fintech Finance

JANUARY 9, 2025

They constantly need to compromise between conversion, fraud, and cost. Balancing risk management, driving conversion, and minimizing cost has always required ineffective compromises until now said Carlo Bruno, VP of Product at Adyen. Thanks to Adyen Uplift, businesses can optimize the full payments funnel with AI.

AI 96

AI Transactions Payment Solutions Payments 96

The Fintech Times

NOVEMBER 11, 2024

American Express and MX Technologies have formed an API-powered data access agreement, enabling secure connections between American Express accounts and third-party financial institutions or fintech apps. The post American Express Partners with MX to Enhance Secure Digital Banking Options appeared first on The Fintech Times.

Security 59

Security Credential API Privacy 59

PYMNTS

NOVEMBER 16, 2020

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. Securities and Exchange Commission issues a dire fraud warning. Securities and Exchange Commission issues a dire fraud warning.

Business Email Compromise 96

Business Email Compromise Scams Ransomware Email Compromise 96