Bank Automation

NOVEMBER 21, 2024

19 report by cybercrime solutions company Arkose Labs, which surveyed 60 North American financial […] The post FIs budget for next-gen MFA solutions for 2025 appeared first on Bank Automation News. Deploying these solutions in 2025 is a top priority for FIs as AI-related fraud becomes increasingly sophisticated, according to a Nov.

MFA 59

MFA Multifactor Authentication NOV Authentication 59

VISTA InfoSec

JUNE 27, 2024

A joint investigation by Mandiant, Snowflake, and CrowdStrike revealed that Sp1d3r tracked as UNC5537, used stolen customer credentials to target at least 165 organizations that had not enabled multi-factor authentication (MFA) on their accounts. Conclusion The ramifications of this breach extend beyond immediate security concerns.

FBI 130

FBI Breach MFA Cybersecurity 130

VISTA InfoSec

SEPTEMBER 25, 2024

This guide will cover key aspects of seamlessly implementing CCaaS, from choosing the right provider to ensuring robust cybersecurity measures. Ensuring Robust Cybersecurity Cybersecurity becomes a critical concern as businesses shift their operations to the cloud.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

This guide will cover key aspects of seamlessly implementing CCaaS, from choosing the right provider to ensuring robust cybersecurity measures. Ensuring Robust Cybersecurity Cybersecurity becomes a critical concern as businesses shift their operations to the cloud.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

DECEMBER 19, 2024

But as digital thieves and cyberattacks became more sophisticated targeting the financial sector, it led to the rise of cyber security cases which is why SWIFT introduced the SWIFT Customer Security Programme (CSP), a set of cybersecurity requirements designed to protect the global financial ecosystem.

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SWIFT Cybersecurity PCI DSS Compliance 130

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Key Amendments “Class A” Companies The Amendments create a new category of covered entities — deemed “Class A” companies — with heightened cybersecurity obligations.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

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.

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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

Stax

MARCH 4, 2024

Taking precautions to implement security measures such as secure firewalls and cybersecurity training helps to protect cardholder data and other sensitive information. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. What is SSL/TLS?

PCI DSS 88

PCI DSS Payment Security Security MFA 88

The Payments Association

MARCH 19, 2025

The rapid adoption of digital wallets has introduced a complex web of regulatory considerations, ranging from data privacy and cybersecurity to anti-money laundering (AML) compliance and cross-border transaction governance. Adopt multi-factor authentication (MFA) and biometric verification to reduce fraud risks.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

Fintech News

MAY 20, 2024

Cyber Crimes, Cybersecurity, and Fintech Panel Event May 23, 2024, 12:00 CEST On May 23, 2024, at 12:00 CEST, a panel event titled “Cyber Crimes, Cybersecurity, and Fintech” will be hosted by Peirce College.

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FinTech Embedded Finance BNPL AI 135

Fintech News

MARCH 25, 2024

Threat actors expand capabilities Looking more broadly at mobile banking malware, the study found that threat actors added new capabilities to response to evolving cybersecurity defenses but also to broaden their scope and increase effectiveness. 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

VISTA InfoSec

OCTOBER 21, 2024

Whichever cryptocurrencies you’re trading in, make sure to look for these security features in your next crypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Compromise 162

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

VISTA InfoSec

JULY 29, 2024

Whichever cryptocurrenciesyouretrading in, make sure to look for these security features in yournextcrypto wallet: 1) Multifactor Authentication (MFA) Multifactor authentication adds extra layers of security in addition to the typical username password.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

The Fintech Times

AUGUST 23, 2024

To support this digital transformation, several key laws were enacted in 2020 and implemented in 2022 , including legislation on Personal Information Protection, Public Information, Cybersecurity, Digital Signatures, and Virtual Asset Service Providers.

Economy 115

Economy FinTech Governance Government 115

PYMNTS

JUNE 8, 2020

MFA and APIs Make A Good Pair. API protection begins with ironclad user verification, such as MFA [multi-factor authentication] systems that require input from users besides their passwords, like codes sent to their phones via text messages or biometric inputs like fingerprints,” the June Tracker states. “API That’s changing now.

API 52

API B2B MFA Security 52

The Fintech Times

MAY 24, 2024

Only 45 per cent of global organisations have implemented multi-factor authentication (MFA). In fact, 59 per cent of UK respondents admit they have 2FA or MFA in place to protect employees and customers against fraud while half use biometrics to protect employees and customers against fraud.

Authentication 59

Authentication MFA Deepfake AI 59

PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking Checks MFA 107

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 2 – Authentication.

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

PYMNTS

OCTOBER 21, 2020

One of the most effective tools that apps can deploy against [P2P fraud] is MFA, which requires users to enter secondary validation measures — such as emailed security codes or biometric fingerprint scans — in addition to their passwords,” per the Playbook. “One Studies have found that using MFA can prevent more than 99.9

P2P 56

P2P Security MFA Financial Crimes 56

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 2 – Authentication.

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40

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

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. With ATO fraud on the rise, safeguarding against these costly attacks is a must.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

Stax

JULY 9, 2024

Multi-factor authentication (MFA) is commonly used to verify the identity of users initiating EFT transactions. Businesses are encouraged to employ comprehensive cybersecurity practices to reduce risk. For example, think of an eCommerce business—accepting EFT payments is table stakes for this business model.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Seon

SEPTEMBER 28, 2023

Key Topics for a Security Awareness Program A security awareness program should focus on strong, up-to-date cybersecurity compliance, equipment, and measures and ensure a level-headed and well-informed workforce. Password management : Using multi-factor authentication (MFA) and password managers.

Security 52

Security Phishing Best Practices Data Breach 52

PYMNTS

SEPTEMBER 7, 2017

This fundamental shift in approaching and tackling the problem has established us as the clear market leader in the fraud prevention [and cybersecurity] space. For example, we see a trend toward employing more intelligence in multi-factor authentication (MFA), leading to conditions that reduce the number of triggers.

Same Day ACH 46

Same Day ACH Fraud Detection Innovation Fraud Prevention 46

Stax

SEPTEMBER 17, 2024

This includes the use of unique IDs and strong passwords or multi-factor authentication (MFA) methods. But here’s the good news: the right payments processor can help keep your cybersecurity ducks in a row. Stax is a Level 1 PCI Service Provider.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Fintech News

MARCH 1, 2025

Both individuals and institutions must implement rigorous security measures to mitigate risks: Use Multi-Signature & Multi-Factor Authentication (MFA) Implementing multi-signature wallets ensures that transactions require multiple approvals, reducing the risk of a single point of failure.

Security 114

Security Phishing Breach Audit 114

EBizCharge

MARCH 21, 2025

Yes, AI in accounting is designed to be secure, but its effectiveness depends on proper implementation and cybersecurity measures. Accounting AI software uses encryption, multi-factor authentication (MFA), and anomaly detection to protect sensitive financial data. Is AI in accounting secure?

AI 52

AI Accounts Fraud Detection Audit 52