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Understanding the Cyber Risks in Video Communication

VISTA InfoSec

Despite these benefits, video communication has security risks, including the following: Phishing Attacks These attacks often manifest as seemingly legitimate emails, messages, or links, leading unsuspecting users to fraudulent websites. Once you follow the link, you enter a fake login page that captures your information.

Risk 277
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Advanced Data Security: Safeguarding Your Business In The Digital Age  

VISTA InfoSec

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. A crafty hacker could infiltrate accounts secured by flimsy credentials. In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). Outdated software?

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Strengthening Cyber Defenses with Multi-Factor Authentication

VISTA InfoSec

Mutli-Factor Authentication (MFA) isn’t a new concept. However, despite this, there is still confusion surrounding the mechanism and how it adds to cyber defense. This article unravels the mysteries of MFA and how it can be used to strengthen cyber defenses. Another mechanism that is heavily relied on is MFA.

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Deep Dive: Reducing The Security Risks Of Open Banking

PYMNTS

The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems. MFA and ML systems can effectively stop current threats, but future hazards will need even more advanced systems. There were 85.42 million were aimed at the financial industry.

MFA 96
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SWIFT CSP: A Quick Guide for Financial Institutions

VISTA InfoSec

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Use multi-factor authentication (MFA) for SWIFT interfaces and applications. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements.

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Mobile Banking Malware on the Rise Amid Rapid Adoption

Fintech News

It typically operates by infecting a user’s device through various means, such as phishing emails, fake apps, or compromised websites. However, behind the scenes, the malware captures the user’s login credentials, account information, and other sensitive data entered into the fake UI.

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Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters? Open Banking Attacks

PYMNTS

PSD2 was designed with such risks in mind, and its Strong Customer Authentication (SCA) provision — which takes effect in participating countries throughout 2020 and 2021 — compels companies to verify users’ identities with multi-factor authentication (MFA) whenever they attempt to access user accounts or digitally send payments.