PYMNTS

FEBRUARY 8, 2019

In another, phishing scams will fraudulently request an employee login to Uber or LinkedIn to steal those credentials. ” A hacker may target an executive in the finance department with a phishing scam, someone who they know is a controller, with a higher level of access to company bank accounts or other financial data.

Phishing 66

Phishing Payment APIs and Integration Credential MFA 66

The Payments Association

OCTOBER 22, 2024

This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments. Mitigating APP fraud While refunds provide some level of protection for individuals, they are perceived as a constant burden for financial institutions.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

Seon

JUNE 15, 2023

Fraudsters use manipulation tactics such as email-based phishing or take advantage of leaked company data to gain access to – and take over – one or more of the business’s accounts. How to Prevent Business Email Compromise Attacks BEC attacks can largely be carried out solely using social engineering attack-based phishing attempts.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

FICO

SEPTEMBER 17, 2018

These attacks emphasize the need for layered fraud defences and controls that effectively mitigate such risks going forward. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. As the adage says: “There is no silver bullet!”. Layered Fraud Defences. Layer 2 – Authentication.

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

FICO

SEPTEMBER 19, 2018

These attacks emphasize the need for layered fraud defences and controls that effectively mitigate such risks going forward. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. As the adage says: “There is no silver bullet!”. Layered Fraud Defences. Layer 2 – Authentication.

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40

Fintech News

MARCH 1, 2025

Key compromises often happen through phishing attacks, malware, or social engineering tactics. 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.

Security 113

Security Phishing Breach Audit 113

The Payments Association

DECEMBER 10, 2024

Fraudsters are continuously finding new sophisticated ways of leveraging AI to carry out cyber threats, with traditional fraud prevention methods, which rely on fixed rules and human intervention, being no longer sufficient to detect and mitigate the complex and evolving tactics used by fraudsters. keystroke dynamics or mouse movements).

AI 88

AI Fraud Detection Deepfake Fraud Prevention 88