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 109

Mobile Banking Online and Mobile Banking Identity Theft Credential 109

CoinRemitter

SEPTEMBER 22, 2023

Smishing and Vishing Smishing (SMS+phishing) is a phishing attack, where attackers trick individuals via text messages and make them click malicious links or download malware into their devices. Clone phishing attacks generally focus on collecting the login credentials of targets.

Phishing 40

Phishing Smishing Credential Scams 40

PYMNTS

MARCH 11, 2020

Data: 30K: Number of digital drivers’ licenses downloaded in Colorado to date. 29 percent: Share of 2019 fraud incidents issuing from stolen credentials. 2,013: Number of points the DOW Jones Industrial Average lost on Monday, its largest recorded single-day loss. 17 percent: Share of GDP represented by healthcare costs.

Zelle 52

Zelle Credential Authentication Payment Security 52

PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. For more on these and other digital-first banking news items, download this month’s Tracker. Why Digital-First Banks Require Different Defenses For Varied Fraud Threats.

Credential 94

Credential Data Breach Phishing Cybersecurity 94

PYMNTS

MARCH 12, 2020

These initiatives are successful only when central governments already issue traditional identification credentials, however, something that is notably lacking in the U.S. Individuals who change their addresses or appearances can modify the information remotely rather than filing paperwork at an office to update or replace their credentials.

Law Enforcement 52

Law Enforcement Credential Laws Privacy 52

PYMNTS

APRIL 26, 2019

A P2P (peer-to-peer) technology ingrained in millions of IoT ( Internet of Things ) devices, including security cameras, smart doorbells, baby monitors and video recorders, has many security flaws that allow them to be compromised easily, exposing users to dangers from eavesdropping, credential theft and takeovers from remote locations.

P2P 75

P2P Security Compromise Credential 75

PYMNTS

DECEMBER 21, 2018

Its DD Perks loyalty program, which offers members exclusive access to mobile ordering, was recently targeted by an automated credential-stuffing attack. Hackers breached the security of other, unrelated companies and stole login credentials that they then tried to use on DD Perks in the credential-stuffing attack.

Credential 67

Credential Breach Security Accounts 67

PYMNTS

FEBRUARY 24, 2020

MemberPass offers credit unions (CUs) or CUSOs a single digital credential that serves as member verification. BCU had test users generate digital identities in the MemberPass platform and download the Connect.Me application. They are now using it to verify their identities.

Credit Union 82

Credit Union Blockchain Credit Union Service Organization Wire Transfer 82

PYMNTS

MARCH 1, 2017

But in the years since, hackers and other bad actors have developed and begun using more intelligent and sophisticated techniques and methods in order to penetrate databases and gain access to user credentials. But this need for a high volume of credentials also gives security providers a tool in their fight against fraud, Grant said.

Account Takeovers 56

Account Takeovers Accounts Credential Authentication 56

Fintech Finance

MAY 22, 2024

By focusing on identifying advanced bots in real time, businesses can mitigate their ability to create fraudulent accounts or test stolen login credentials for future account takeover attacks.” Download a copy of Confidence Amid Chaos: The LexisNexis® Risk Solutions Cybercrime Report 2023.

Account Takeovers 52

Account Takeovers Risk Bots Scams 52

Segpay

OCTOBER 3, 2024

AVSecure : A blockchain-based age verification tool, AVSecure links a user’s verified identity to payment credentials, ensuring they meet age requirements. Users can download the Yoti app and upload a government-issued ID (like a passport or driver’s license) to verify their identity and age.

Compliance 91

Compliance Verification Database Privacy 91

Fintech News

APRIL 22, 2024

Phishing scams employ social engineering tactics to trick users into revealing login credentials, allowing attackers to hijack accounts. So, when a mobile app is downloaded or launched, SecIron is able to compare the app’s signature to the signatures in its database. A 2023 report by Kaspersky found that 40.8%

Phishing 105

Phishing Security Blocks Cybersecurity 105

PYMNTS

MAY 22, 2020

People are one click away from a malware download or credential phishing [website]. Almost 65 percent of incidents involve bad actors stealing login credentials to gain account access, and phishing schemes often trick credential owners into unwittingly surrendering their details.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

MARCH 1, 2020

A user can download the app, but not perform any searches without proper authorization and credentials.”. “We are in contact with Apple and working on complying with their terms and conditions,” Clearview AI founder and CEO Hoan Ton-That said in a statement to CNN. The app cannot be used without a valid Clearview account.

Law Enforcement 60

Law Enforcement AI Blocks Laws 60

PYMNTS

NOVEMBER 22, 2016

These apps can trick unsuspecting consumers into downloading malware and compromising their login credentials and credit card information. According to the research study, cybercriminals leverage five of the leading eCommerce brands to exploit consumers doing Black Friday shopping across mobile and web.

Phishing 68

Phishing Credential Compromise Risk Management 68

PYMNTS

OCTOBER 25, 2016

Here’s a preview: Besides all being featured at the Money20/20 2016 Conference, McDowell noted that biometrics, EMV and mobile security each share another similar element: All three potentially stand to replace password/PIN credentials, which, he said, are often more susceptible to hackers and other bad actors. About The Tracker.

EMV 80

EMV Online and Mobile Banking Credential Chip Cards 80

Seon

JUNE 15, 2023

Despite its versatility, BEC invariably involves the misuse of compromised login credentials, with the aim of accessing sensitive information located in various business accounts (not just email inboxes – fraudsters also target intranet documents, HR records, and plenty of other sensitive archives). Let’s take a look at some of the key ones.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

JANUARY 8, 2020

For more on these and other digital identity news items, download this month’s Tracker. Digital identity initiatives could be crucial to providing credentials for the 1.1 EMV Cards Face Crucial Verification Security Gaps. EMV cards are becoming increasingly commonplace in the U.S. Deep Dive: Digital ID’s Future Could Be Open Source.

EMV 67

EMV Chip Cards Verification CHIPS 67

PYMNTS

JANUARY 24, 2020

Phishers targeting DocuSign are typically after users’ credentials, such as usernames, passwords and other identifying information, according to Heath. The first consists of links to fraudulent websites, inviting users to enter their usernames, passwords or other credentials. Tracking Phishers’ Angles.

Phishing 52

Phishing Credential Best Practices Data Breach 52

PYMNTS

MARCH 6, 2020

A computer science student reported using an API from peer-to-peer (P2P) mobile payments service Venmo to download — without users’ permission — the details of approximately 7 million transactions over six months in 2018, for example. Weaknesses in the technology’s handling have already resulted in major abuses, too.

API 52

API Authentication Security Payment APIs and Integration 52

PYMNTS

OCTOBER 3, 2016

According to a report from mobile intelligence group Newzoo, despite a slowdown in hype since the game first launched, it still makes roughly $2 million a day and sees nearly 700,000 downloads daily. Pokémon GO has opened our eyes in many ways,” Newzoo CEO Peter Warman said in a blog post. “It

Credential 73

Credential Phishing Accounts Posting 73

PYMNTS

DECEMBER 23, 2019

Credit union service organization (CUSO) CULedger is partnering with digital credential provider Autonomous Lending to offer next-gen digital credentials to its partner CUs. For more on these and other CU news items, download this month’s Tracker. Gulf Winds Credit Union Navigates Changing Member Expectations.

Credit Union 52

Credit Union Credit Union Service Organization Credential Regulations 52

PYMNTS

MARCH 10, 2020

A recent study found 32 percent of security incidents in 2019 involved phishing and 29 percent involved stolen credentials, both of which would have been much more difficult had secure digital ID systems been in place. For more on these and other digital identity news items, download this month’s Tracker.

Contactless Payments 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

JULY 21, 2020

Compromised credit card fraud increased 212 percent year over year in 2019, while customer credential leaks increased 129 percent during the same period. The FBI advises smartphone users to download apps only from official app stores and bank websites, as these are pre-screened for malware.

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

PYMNTS

MAY 27, 2020

Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds. To find more about these and the rest of the latest headlines, download the Playbook. How UMB Strategizes For Omnichannel Fraud-Fighting.

Scams 98

Scams Account Takeovers Online and Mobile Banking Credit Union 98

PYMNTS

DECEMBER 3, 2018

They can come in and they can steal files, they can steal intellectual property, they can steal credentials and then log in as maybe the CEO. Or they can download more software. But they’re not used to responding to it as though it is a legitimate threat, like a botnet or a Trojan,” Kent said in an interview with CNBC.

Cryptocurrency 56

Cryptocurrency Credential Digital Currency Research 56

PYMNTS

JULY 25, 2019

According to Security Discovery, anyone could access, edit, alter, delete or download the information without administrative credentials. Separate reports in TechNadu this week said that Jana immediately secured the database when Fowler informed the institution of the problem.

Database 49

Database Data Breach Financial Inclusion Small Business 49

PYMNTS

AUGUST 21, 2020

Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. For more on these and other digital-first banking news items, download this month’s Tracker.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

PYMNTS

AUGUST 14, 2017

Researchers at FireEye, the security firm, said in a research report covered by Reuters that the Kremlin hackers were aiming to steal the password credentials for business travelers and Western government officials using Wi-Fi networks in hotels mainly in eight countries in Europe. in 2016.

Cybersecurity 66

Cybersecurity Phishing Governance Government 66

PYMNTS

OCTOBER 15, 2018

Researchers advised small business owners to not download any email attachments from an unnamed address. SCORE recommended that small businesses, again, do not click on links or download attachments from unknown addresses.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

JUNE 25, 2020

For more on these and other financial crime news items, download this month’s Playbook. The APIs that fuel open banking can often be vulnerable to cybercrime, however, with fraudsters deploying credential abuse, digital signature impersonation and a diverse host of other techniques against them.

Financial Crimes 91

Financial Crimes MFA Federal Trade Commission Crime 91

PYMNTS

AUGUST 4, 2019

Through the gap, Thompson was able to access a central piece of Amazon’s cloud technology known as its metadata service, which holds the credentials and other data needed to manage servers in the cloud. Once she found the Capital One data, she was able to download it without triggering any alerts.

FBI 51

FBI Law Enforcement Credential Breach 51

PYMNTS

NOVEMBER 24, 2020

The company recently announced that it would allow its customers to sign in to their accounts using SMS-based 2FA, with customers supplying their credentials as well as codes sent to them via third-party app or text message. For more on these and other onboarding items, download this month’s Tracker. .

Authentication 108

Authentication Consumer Online and Mobile Banking Verification 108

PYMNTS

SEPTEMBER 27, 2018

The aforementioned DMVs began experimenting with digital driver’s licenses last year, and Colorado’s pilot allowed Department of Revenue employees to access and download digital ID credentials. One of the major expected benefits is the convenience, Werner explained.

Law Enforcement 49

Law Enforcement Credential Ubiquitous Laws 49

PYMNTS

AUGUST 31, 2017

NBC News reported that the data breach occurred because spammers neglected to secure their servers, allowing the information to be accessed and downloaded without credentials. The spambot sends out spam messages for everything from weight loss pills to those Nigerian prince emails.

Data Breach 51

Data Breach Breach Addressing Cybersecurity 51

PYMNTS

MAY 23, 2017

For this month’s Tracker feature story, PYMNTS caught up with McDowell, who said that the best way to protect against global attacks like WannaCry — or even small-scale breaches — is to stop them before they happen, by replacing authentication details that can be stolen or compromised by human error with credentials that are safe from prying eyes.

Authentication 44

Authentication Ransomware Credential Law Enforcement 44

Nanonets

APRIL 30, 2024

  Finally, web scraping for malicious purposes like stealing login credentials or disrupting a website is a clear no-go. Data scraping regulations like GDPR (Europe) and CCPA (California) add another layer of complexity.  By following these guidelines, you can ensure your web scraping activities are both legal and ethical.

Use Case 59

Use Case Automation Database Legal 59