VISTA InfoSec

APRIL 5, 2024

The following are some of the consequences when data privacy and security are compromised: Productivity loss. Cybersecurity measures such as data encryption, two-step verification, and stringent policies on data access are some of the things that should be implemented in order to minimize online threats.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

VISTA InfoSec

JUNE 18, 2024

This advanced data security measure demands additional verification beyond just a device passcode, such as a fingerprint scan or random code from a mobile app. Even if passwords are compromised, those extra identity checkpoints block illicit access attempts. A single compromised login could damage your entire network.

Data Security 266

Data Security Security Encryption Cybersecurity 266

Finextra

JUNE 10, 2024

Revolut has added an extra layer of in-app identity verification designed to protect customers who have had their unlocked phone stolen, or password and face recognition compromised.

Verification 72

Verification Compromise 72

The Payments Association

DECEMBER 9, 2024

These capabilities make LLMs ideal for real-time fraud detection, transaction monitoring, and identity verification, helping payment providers stay one step ahead of fraudsters and ensuring a more secure financial ecosystem. This is where AI shines, as it can rapidly analyse vast amounts of data to detect fraud and ensure efficiency.

Privacy 88

Privacy Payment Security AI Security 88

PYMNTS

OCTOBER 9, 2020

Fraudsters regularly rely on stolen email addresses to pose as legitimate customers to break into online platforms, and compromised email addresses can help lead cybercriminals to other, more sensitive information such as bank account, healthcare or insurance details. Email and the Verification Divide. The Future of Email Verification.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

Fintech News

OCTOBER 15, 2024

HashKey Global, a licensed digital asset exchange, has teamed up with Sumsub , a global verification platform, to improve its Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. This shift from manual verification to an automated system has allowed HashKey to process user verifications more efficiently.

Verification 109

Verification Fraud Detection Money Laundering Compliance 109

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

Stax

APRIL 3, 2025

If a hacker compromises the eCommerce site, they only access a useless token, instead of payment data. For eCommerce payment systems, these measures include two-factor authentication, fraud filters, real-time transaction monitoring, card verification value, device fingerprinting, and address verification system.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

The Finance Weekly

JANUARY 5, 2025

These chatbots are popular in the finance sector because they improve customer service, enhance operational efficiency, and scale interactions without compromising quality. It even adds a security layer with image-based identity verification, which is perfect for sensitive banking environments. Multilingual support (80+ languages).

AI 130

AI Finance Automation Non-Bank 130

Fintech Review

APRIL 20, 2025

In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. It allows them to scale rapidly without compromising security. Cybertech refers to the suite of digital tools designed to secure networks, systems, and users from cyber threats.

Finance 52

Finance Security Fraud Detection Encryption 52

PYMNTS

OCTOBER 22, 2020

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

Verification 53

Verification Technology CHIPS Authentication 53

Stax

DECEMBER 12, 2024

With PCI-compliant systems in place, verification not only minimizes financial losses but also saves valuable time that could be better spent growing the business. They feature built-in fraud protection tools such as tokenization, CVV verification, 3D Secure (3DS), and IP address monitoring. Mobile payment solutions.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

Segpay

APRIL 1, 2025

France and the United Kingdom have implemented strict age verification regulations to address this issue. The act mandates that online platforms take proactive steps to prevent minors from accessing harmful or age-inappropriate content and it emphasizes the responsibility of service providers to implement age verification systems.

Verification 45

Verification Regulations Privacy Online and Mobile Banking 45

The Payments Association

MARCH 25, 2025

At SENDS, we recognised early that outdated practices compromise security and efficiency, so we embraced AI-driven solutions to transform fraud detection and compliance. At Sends, AI enables us to monitor risks in real-time, deliver faster verification processes, and uphold the highest security standards for financial transactions.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

Fintech News

SEPTEMBER 16, 2024

This acquisition complements Mastercard’s services in identity verification, fraud prevention, and cybersecurity, offering enhanced protection for merchants and financial institutions.

Visa 111

Visa Acquirers Cybersecurity Fraud Prevention 111

Fintech News

JULY 16, 2024

Frustration with identity verification processes has impacted consumer behavior, with one in five bank customers stopping or reducing their use of existing personal bank accounts and credit cards due to cumbersome and time-consuming checks. They are looking for smarter, not riskier processes.

Identity Theft 105

Identity Theft Online and Mobile Banking Checks Compromise 105

PYMNTS

DECEMBER 13, 2017

Identity verification and user authentication are hot spaces right now, and only getting hotter as merchants, financial institutions (FIs) and consumers demand more foolproof protection against fraudsters. Today, though, visit any industry trade show and the halls are packed with identity verification products.

Verification 62

Verification Social Security Enrollments Authentication 62

Nanonets

OCTOBER 9, 2024

  Whether you're a loan officer reviewing an application or a business owner ensuring your clients’ payments are in order, bank statement verification is integral to ensuring financial accuracy and fraud prevention. Let’s discuss bank statement verification and find answers to some of your biggest challenges.

Verification 52

Verification AI Reconciliation Payment APIs and Integration 52

PYMNTS

JUNE 12, 2018

Trulioo , the global identity and business verification provider announced Tuesday (June 12) that it has partnered with Acuant , a global provider of data capture and identity authentication solutions, to enhance GlobalGateway, its online identity verification marketplace.

Verification 46

Verification Online and Mobile Banking Authentication Money Laundering 46

Fintech Finance

MARCH 5, 2024

In response to the rapid digital growth in the region, the demand for robust identity verification has surged. Leveraging Uqudo’s state-of-the-art technology, Tamara will enhance the overall security of its platform, providing customers with seamless BNPL transactions without compromising privacy and security.

BNPL 52

BNPL Verification Transactions Fraud Prevention 52

The Fintech Times

MAY 9, 2024

Enumeration attacks, where threat actors use automated scripts or botnets to repeatedly submit card-not-present (CNP) transactions using different combinations of payment values, such as a primary account number (PAN), a card’s verification value (CVV2), expiration date and postal code, cause as much as $1.1billion annually in fraud losses.

AI 111

AI CVV2 Issuers Compromise 111

Fintech News

APRIL 7, 2024

This burgeoning technology, characterized by its ability to create indistinguishably fraudulent audio and visual content, not only complicates the process of identity verification but also emboldens cybercriminals, precipitating substantial financial losses. ” says Wells.

Deepfake 131

Deepfake Scams Fraud Detection Verification 131

Fintech Finance

FEBRUARY 15, 2024

In addition to its document forensics, working with Resistant AI has enabled Verto to reshape its entire approach to document verification by establishing a comprehensive compliance policy tailored to handle different kinds of documents.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Verification AI 52

VISTA InfoSec

SEPTEMBER 5, 2024

In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. These tactics can have destructive effects on an organization, leading not only to financial losses but also to a compromise of client trust and brand reputation.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. These tactics can have destructive effects on an organization, leading not only to financial losses but also to a compromise of client trust and brand reputation.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

JUNE 3, 2024

Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals. According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords.

MFA 130

MFA Credential PCI DSS Compliance 130

PYMNTS

AUGUST 27, 2020

Mitek , which offers digital identity verification services, has partnered with Lightico , which works in the field of identity verification and eSignatures, to provide a new way to complete transactions over a text message, a company blog post stated. It also uses Mitek's Mobile Fill for the same purpose.

Transactions 69

Transactions Security Verification Mitigation 69

The Fintech Times

JUNE 26, 2024

This allows it to evade anti-tampering mechanisms and remain hidden while compromising app security. It also disables security features like two-factor authentication (2FA) and biometric verification, and exfiltrates sensitive personal and transaction data, increasing the risk of fraud.

Security 111

Security Cybersecurity Credential Compromise 111

PYMNTS

JULY 24, 2020

In a post on its website, Instacart said its investigation concluded the San Francisco-based company was not compromised. 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

Accounts 75

Accounts Compromise Data Breach Phishing 75

Stax

JANUARY 23, 2025

Key steps include application review, risk assessment, credit checks, and compliance verification. Step 4: KYC and AML Checks Compliance officers or automated systems integrated with KYC and AML verification services verify the identity of business owners and ensure compliance with anti-money laundering regulations.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

PYMNTS

FEBRUARY 10, 2020

Biometric digital identity verification solutions are becoming more and more commonplace thanks to their implementation in everyday devices like smartphones and fitness wearables. Biometric verification is being installed in payment cards as well. billion smartphones equipped with fingerprint recognition in the same timeframe.

Data Breach 94

Data Breach Point-of-Sale (POS) Push-to-Card Breach 94

Fintech News

MAY 27, 2024

This burgeoning fraud type poses significant challenges to fintech firms’ identity verification processes in APAC. Account Takeover (ATO) and promotion abuse are common fraud tactics affecting APAC fintechs. ATO incidents can result in substantial financial losses and reputational damage for fintech companies operating in the region.

APACS 113

APACS Data Breach FinTech Fraud Prevention 113

VISTA InfoSec

NOVEMBER 7, 2023

In essence, MFA requires multiple verification steps before an action is authenticated. How Multi-Factor Authentication Works MFA operates on a simple principle: to verify identity through multiple verification methods. System verification : The system checks the entered credentials. If correct, it triggers the MFA process.

Authentication 130

Authentication MFA Cybersecurity Credential 130

Fintech News

JANUARY 10, 2024

However, the vulnerabilities of this solution became evident as hackers exploited and compromised the security of banking transactions that led to identity and money theft”. Together, iDenKey and iDenFace ensure a high level of convenience and security throughout the identity verification and authentication process.

AML 117

AML Money Laundering Authentication Procedures 117

Segpay

DECEMBER 13, 2024

Traditionally, organizations have employed a range of methods for identity verification, from passwords to multi-factor authentication (MFA) and, increasingly, biometric solutions. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

MARCH 14, 2017

specifically, identity verification has long relied on credit-based data — the existence of credit history along with knowledge-based authentication (KBA) questions — in digital channels or by showing a physical, government-issued ID in person. Essentially, the identity verification process can be a major friction point. In the U.S.

AML 44

AML Verification Money Laundering Authentication 44

PYMNTS

FEBRUARY 19, 2019

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are capitalizing on stolen data, as well as how banks and retailers are responding to a world where many of the credentials they use for online verification have been compromised. Around the Digital Fraud World. Inverting the Fraud Approach. About the Tracker.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63