The Fintech Times

OCTOBER 3, 2024

In the UK, 36 per cent of residents have fallen victim to phishing scams in the last six months alone – leaving digital transformation consultancy Daemon to urge retailers to bolster their cybersecurity efforts. However, the perception of payment security varies significantly by age.

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VISTA InfoSec

MAY 12, 2024

Given this recent wave of cyberattacks, all small businesses must do their part to secure their Point of Sale (POS) systems from unauthorized parties. To keep your business secure, only engage with payment processors and vendors that comply with PCI DSS.

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The Fintech Times

DECEMBER 18, 2023

Today, we bring you insights from industry leaders regarding the changing dynamics of cybersecurity threats and trends in 2024. “A lot of consumer technology ( Apple Pay , for example) is prioritising highly secure and personalised experiences, relying on biometrics and specific device features.

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The Fintech Times

FEBRUARY 9, 2024

AI-enhanced attacks are on the rise, leaving many organisations’ cybersecurity unprepared for the volume of new challenges; reveals cyber protection firm, Acronis , in its latest cyber threats report. In fact, it found that AI-enhanced phishing affected 91.1 The post 91.1%

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VISTA InfoSec

FEBRUARY 25, 2024

This guide makes sensitive cybersecurity concepts approachable to enable smarter decisions in securing your systems against catastrophe. You might be able to prevent data breaches by hiring cybersecurity services to harden systems continuously. Most data breaches boil down to security failures and human error.

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Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments.

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The Fintech Times

JULY 10, 2024

This decision aims to fortify the defence against phishing scams, a persistent threat in the digital banking landscape. Despite their benefits in reducing unauthorised access, OTPs have become increasingly vulnerable to sophisticated phishing techniques, where scammers create fake websites to trick users into revealing their OTPs.

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PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. The scheme originated from a number of phishing emails that targeted a handful of employees. Ensuring Secure Workplace Practices.

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VISTA InfoSec

JUNE 19, 2024

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.

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The Fintech Times

MAY 15, 2024

In a move to bolster cybersecurity and protections for AI models against hacking and sabotage, the UK government has officially unveiled a host of new measures, which also hope to set a new global standard. This lack of transparency means it can be hard to identify and address potential biases or security risks.

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The Fintech Times

DECEMBER 11, 2023

Today, we bring you insights from industry leaders regarding the changing dynamics of cybersecurity threats and trends in 2024, including AI’s impact, behavioural biometrics, fraud prevention, masking and enhanced security for financial services.

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Seon

JUNE 27, 2024

Such uncertainty is unwelcome in cybersecurity and fraud. As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. These advancements have changed the way we approach cybersecurity and fraud detection.

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PYMNTS

JANUARY 23, 2020

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. How DocuSign Ices Out Phishing Attacks. Deep Dive: Businesses Struggle With Employee Phishing. million per breach.

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VISTA InfoSec

JUNE 19, 2024

The DPH said the incident took place between February 19-20, 2024, was caused by a gang of cyber criminals who gained access to the log-in credentials of email accounts of 53 employees through a phishing email. It has also begun training all its employees in email security, especially inbound emails.

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PYMNTS

SEPTEMBER 18, 2020

Nacha , the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept. It was developed by the Cybersecurity Response Project Team.

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PYMNTS

JUNE 1, 2020

Google issued a stark warning last week about the state of cybersecurity: Phishing attacks are on the rise and continue to take advantage of vulnerabilities resulting from the global pandemic. The warning coincided with separate reports related to Google and cybersecurity.

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Innovative Payments Association

MAY 20, 2024

When companies think about cybersecurity, their first instinct is to think about what technology they have in place to stop hackers. He said that the companies that respond the best to attacks by hackers are those that have developed a good security culture within their organization. Keep software up to date.

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PYMNTS

FEBRUARY 11, 2020

New data was released this week with an urgent, albeit not necessarily unexpected, message: ransomware and other phishing attacks continue to dramatically spike, with more frequent and more expensive attacks hitting businesses and government entities of all sizes. The New York Times reported Sunday (Feb. as to which services we use.”

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The Fintech Times

NOVEMBER 20, 2024

However, it is unfortunately being used by both sides as AI-assisted fraud is growing more frequent and more sophisticated according to a new report from the think tank that provides insights to help organizations protect themselves, adapt, and grow, The Entrust Cybersecurity Institute. per cent of attacks globally).

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Seon

SEPTEMBER 28, 2023

The entry point for fraudsters isn’t just a gap in security software but a gap in training. Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. The answer is security awareness training.

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PYMNTS

JANUARY 29, 2019

Cybersecurity can seem an overwhelming challenge to organizations considering the pace of cyber-attackers’ evolution that seems to force cybersecurity solution providers into a perpetual game of catch-up. Less than half of IT professionals in the U.S.

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PYMNTS

DECEMBER 22, 2016

Corporates large and small are “naïve” about their cybersecurity risks, according to a new report. That’s despite 80 percent of CEOs expressing confidence in existing cybersecurity strategies. All of this data has flowed in as IBM Security reports another reason to be concerned about U.S.

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PYMNTS

APRIL 24, 2020

BleepingComputer.com reports that the Coronavirus Aid, Relief and Economic Security (CARES) Act has triggered the latest round of scams. . The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. The fraudsters’ mission is to lure recipients with financial relief options.

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PYMNTS

AUGUST 28, 2018

Phishing scams remain one of the most popular ways a cyberattacker can target a small business. But the phishing scam is also evolving to target the C-suite itself. Employees should be trained to identify phishing scams, but the whaling tactic highlights the need for businesses to train their leadership teams, too.

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Fintech News

JUNE 6, 2024

Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to enhance their security measures. DBS isn’t the only bank making news for phishing scams. US$129,841).

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Scams Phishing Deepfake Verification 101

Fintech News

JUNE 10, 2024

The Cyber Security Agency of Singapore (CSA), the Singapore Police Force (SPF) , and the Personal Data Protection Commission (PDPC) have issued a warning to organisations about the Akira ransomware variant, which has been targeting businesses across various sectors. Employee education plays a critical role in cybersecurity.

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PYMNTS

MARCH 1, 2017

Security experts are practically begging corporates to get serious with cybersecurity. Google is a vocal player in the fight for enterprise cybersecurity. Spam, Google wrote in a Security Blog post , is certainly the most common cyberattack to hit an email inbox.

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VISTA InfoSec

JUNE 21, 2023

Businesses with a dedicated cybersecurity team, who are likely to have identified the breach initially, should secure any systems, patch software, change access codes, and so on. This includes locating where the system weakness was and how it was hacked in the first place.

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Segpay

FEBRUARY 21, 2024

This transformative technology, characterized by its ability to create content autonomously, is poised to revolutionize how businesses operate, interact with customers, and secure sensitive information. These biometric features add an extra layer of security by ensuring that only authorized users can make transactions.

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The Fintech Times

DECEMBER 22, 2023

Cleafy , a fraud prevention, cybersecurity expert, data scientist, and software engineer team, has launched new technology to proactively classify, detect and respond to new malware variants in real-time, to tackle an issue presenting growing levels of threat. However, new online banking and fintech solutions are often left in the dark.

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PYMNTS

MARCH 3, 2017

Especially when it comes to phishing schemes, which typically don’t take as much effort but can result in huge payouts. PYMNTS: How have phishing schemes evolved in recent years? PYMNTS: Can you discuss the biggest trends observed in financial phishing, banking malware and Android banking malware?

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Finovate

JULY 22, 2024

CrowdStrike’s update to its flagship cybersecurity product, Falcon Sensor , late last week caused an impressive amount of panic across a wide swath of industries. We may even see a slight increase in new cybersecurity company launches. share of global revenue from security software sales.

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PYMNTS

APRIL 22, 2020

Security experts at Google have identified over a dozen government-backed hacking groups trying to use the coronavirus pandemic to fuel malware and phishing attempts.

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The Fintech Times

JUNE 20, 2024

David Atkinson , CEO of SenseOn , the cybersecurity firm, explains why financial organisations should understand vulnerabilities, defend against evolving cyber threats and how leveraging technology that can actively flag and isolate serious threats will decrease the damage. So what can firms do to better mitigate this risk?

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PYMNTS

JULY 30, 2018

A phishing scam making the rounds and targeting businesses is using the Square name to fool its targets. Users should also be on the lookout for typos and grammatical errors in any emails, and be sure not to share sensitive details like payment card information or Social Security numbers. That’s an instant foot in the door.”.

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PYMNTS

APRIL 12, 2019

The General Data Protection Regulation (GDPR) represented a new phase in data security and EU regulators’ approach to it. Such a scenario would leave the door wide open for data-controlling companies to send customer information to that criminal under the false pretense of regulatory compliance and data security.

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Center for Payments

SEPTEMBER 1, 2023

In an increasingly digital and interconnected world, ensuring the security and resilience of payment systems is paramount. This article explores the benefits of National Preparedness Month as it relates to payments and highlights the steps individuals, businesses, and organizations can take to enhance payment security.

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