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. This can make it more difficult for hackers to trace transactions back to you.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

VISTA InfoSec

APRIL 3, 2024

Whether it’s falling prey to sophisticated phishing schemes or mishandling sensitive information, the actions of untrained or uninformed staff can compromise an entire organization’s security. Employees, often regarded as the weakest link in the security chain, can inadvertently become conduits for cyber attacks.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

Fi911

JANUARY 18, 2024

They often accomplish this by obtaining the victim’s login credentials through phishing emails, malware, or other fraudulent means. Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security. Educating customers can empower them to be more vigilant.

Account Takeovers 93

Account Takeovers MFA Fraud Detection Credit Cards 93

PYMNTS

JUNE 29, 2020

These credential abuse attacks come in a variety of forms, with some hackers choosing to overwhelm API defenses with simultaneous logins from a host of bots and others using more targeted techniques like phishing individual API developers and using their login credentials. percent of fraud attempts, according to one study.

MFA 96

MFA Risk Security API 96

PYMNTS

JUNE 9, 2020

SCA, MFA, All the Way. Increasingly, that work is being performed by dynamic global identity verification platforms that use strong consumer authentication (SCA) and/or multi-factor authentication (MFA) to harden the onboarding process against an army of cyberthieves exploiting pandemic disorder. percent ‘less likely to be compromised.’

AML 52

AML MFA Authentication Verification 52

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. According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year.

Rules 88

Rules Fraud Prevention Deepfake Caps 88

Seon

SEPTEMBER 28, 2023

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 diagram below shows the typical sequence of actions that phishing attackers take when carrying out social engineering attacks. The answer is security awareness training.

Security 52

Security Phishing Best Practices Data Breach 52

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

Seon

JANUARY 29, 2024

This could be accidental, or more sophisticated, for example following a mass phishing email campaign. To target these accounts, fraudsters often rely on spear-phishing techniques (targeted phishing), or SIM-Swapping attacks. There are many paths to successful ATO fraud.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

Fintech News

MARCH 25, 2024

It typically operates by infecting a user’s device through various means, such as phishing emails, fake apps, or compromised websites. Hook is a type of malicious software specifically designed to target mobile banking apps.

Mobile Banking 103

Mobile Banking Online and Mobile Banking Identity Theft Credential 103

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 MFA Credential 66

PYMNTS

APRIL 21, 2020

Business email compromise (BEC), B2B phishing scams, synthetic identities, fake accounts and trillions of aid dollars flooding out at a time of maximum uncertainty make this a fraudster’s paradise.

Scams 63

Scams Automation Phishing Email Compromise 63

Seon

SEPTEMBER 11, 2023

Identity theft: Scammers can commit identity theft by using methods like phishing and vishing to impersonate genuine users. Set up multi-factor authentication (MFA): Add one-time passwords (OTPs) or other types of MFA to all neobank accounts. We’ve helped by listing some simple tips to share with your customers.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

FICO

SEPTEMBER 17, 2018

If there are vulnerabilities such as older versions of systems, outdated SSL certificates, use of poor network protocols, or the suspicion of phishing and malware originating from the organization’s servers, these are flagged and prompt corrective action can be taken. Layer 2 – Authentication.

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

FICO

SEPTEMBER 19, 2018

If there are vulnerabilities such as older versions of systems, outdated SSL certificates, use of poor network protocols, or the suspicion of phishing and malware originating from the organization’s servers, these are flagged and prompt corrective action can be taken. Layer 2 – Authentication.

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40

PYMNTS

NOVEMBER 12, 2019

It is critical that platforms protect themselves against phishing and malware, Farris said. Defending against such threats means encrypting sensitive data both in storage and transit, applying multi-factor authentication (MFA), using penetration testing, accessing continual attack monitoring and more. Ramping Up Protections.

Money Laundering 40

Money Laundering AML Authentication MFA 40