CB Insights

FEBRUARY 20, 2017

Cybersecurity companies saw a record number of deals last year. This year, multi-factor authentication is one increasingly hot area within the cybersecurity industry. Multi-factor authentication (MFA) is a security protocol that requires more than one unique credential to verify a user’s … Continued.

Cybersecurity 46

Cybersecurity Authentication MFA Credential 46

PYMNTS

JUNE 25, 2020

Banks are leveraging multi-factor authentication (MFA) and machine learning (ML) to protect these systems, but customers fear this may not be enough. Deep Dive: The Cybersecurity Threats Facing Open Banking. The application programming interfaces (APIs) that fuel open banking are popular targets for cyberattacks, with 473.5

Financial Crimes 91

Financial Crimes MFA Federal Trade Commission Crime 91

Fintech News

MARCH 25, 2024

However, behind the scenes, the malware captures the user’s login credentials, account information, and other sensitive data entered into the fake UI. The captured information is then sent to a remote server controlled by cybercriminals.

Mobile Banking 117

Mobile Banking Online and Mobile Banking Identity Theft Credential 117

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

JUNE 8, 2020

This also allows hackers to bypass in-app authentication procedures because it can be easier to steal API keys — the credentials developers use to build apps that harness APIs — than contend with apps’ biometric or two-factor authentication (2FA) processes.”. MFA and APIs Make A Good Pair. That’s changing now.

API 52

API B2B MFA Security 52

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 percent of attacks that utilize stolen credentials.”. P2P Is A Double-Edged Sword.

P2P 56

P2P Security MFA Financial Crimes 56

FICO

SEPTEMBER 17, 2018

Layer 1 – Cybersecurity Measures. The layer for cybersecurity puts measures in place to monitor the security & internet infrastructure of the organization. Solutions for passive scanning (like the FICO® Cyber Risk Score ) can check how strong or weak an organizations cybersecurity posture is. Layer 3 – Authorization.

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

PYMNTS

APRIL 21, 2020

Companies can tighten security by requiring those seeking access to AP systems to undergo MFA [multi-factor authentication], which requires users to verify their identities with at least two types of credentials.”.

Scams 63

Scams Automation Phishing Email Compromise 63

Seon

JANUARY 29, 2024

In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials. Account Takeover Fraud Prevention Preventing account takeover (ATO) fraud poses a unique risk management challenge as it requires collaboration between your business, users, and cybersecurity team.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

FICO

SEPTEMBER 19, 2018

Layer 1 – Cybersecurity Measures. The layer for cybersecurity puts measures in place to monitor the security & internet infrastructure of the organization. Solutions for passive scanning (like the FICO® Cyber Risk Score ) can check how strong or weak an organizations cybersecurity posture is. Layer 3 – Authorization.

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40

Fintech News

MARCH 1, 2025

Phishing & Social Engineering Hackers frequently trick users into revealing credentials through fake websites, emails, or impersonation. MFA adds another layer of security by requiring multiple verification steps before granting access. Key compromises often happen through phishing attacks, malware, or social engineering tactics.

Security 118

Security Phishing Breach Audit 118