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. Collaboration between regulators, financial institutions, and expert fraud prevention companies is essential to create a more secure financial ecosystem.

Rules 88

Rules Fraud Prevention Deepfake Caps 88

PYMNTS

JUNE 9, 2020

The surge in interest has challengers and other financial institutions (FIs) moving quickly to secure positions. SCA, MFA, All the Way. Meanwhile, the open banking ecosystem is healthy and growing – but security is a paramount concern during this time of massive transitions. ” Securing That Which Is ‘Open’. .”

AML 52

AML MFA Authentication Verification 52

Fintech News

MARCH 25, 2024

However, this surge is being accompanied by a dramatic growth in mobile banking malware, as threat actors increasingly turn their focus on mobile banking applications for illicit financial gain, a new report by mobile security company Zimperium says. Hook is a type of malicious software specifically designed to target mobile banking apps.

Mobile Banking 114

Mobile Banking Online and Mobile Banking Identity Theft Credential 114

Seon

JANUARY 29, 2024

In this guide, we’ll see why accounts are targeted, how fraudsters acquire them, and, of course, which steps you should take to secure them. This could be accidental, or more sophisticated, for example following a mass phishing email campaign. Having trouble protecting your user accounts? What Is Account Takeover Fraud?

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

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. Next-Level Payments Security. Foiling AP fraud may be tricky, but automation systems can bring payments security to the next level.”.

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. Neobanks should have strict anti-money laundering (AML) and general cyber-security controls in place to protect themselves and avoid penalties.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

VISTA InfoSec

NOVEMBER 7, 2023

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.

Authentication 130

Authentication MFA Cybersecurity Credential 130

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. Keep Software And Systems Updated Software updates fortify your digital defenses, patching security loopholes that cyber crooks exploit. A crafty hacker could infiltrate accounts secured by flimsy credentials.

Data Security 208

Data Security Security Encryption Cybersecurity 208

FICO

SEPTEMBER 17, 2018

The layer for cybersecurity puts measures in place to monitor the security & internet infrastructure of the organization. However, cybersecurity should also cover active monitoring of the network by qualified network security personnel. [caption id="attachment_36768" align="alignnone" width="700"] Source: FICO Blog[/caption].

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

PYMNTS

NOVEMBER 12, 2019

Companies like the real estate platform Zillow are working hard to juggle tight anti-money laundering (AML) and know your customer (KYC) security with easy onboarding, knowing if that if it is successful, it will secure a reputation as a safe and convenient site for customers. Ramping Up Protections.

Money Laundering 40

Money Laundering AML Authentication MFA 40

FICO

SEPTEMBER 19, 2018

The layer for cybersecurity puts measures in place to monitor the security & internet infrastructure of the organization. However, cybersecurity should also cover active monitoring of the network by qualified network security personnel. [caption id="attachment_36768" align="alignnone" width="700"] Source: FICO Blog[/caption].

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40

PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems.

MFA 96

MFA Risk Security API 96

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

PYMNTS

FEBRUARY 8, 2019

OneLogin Chief Technology Officer and Founder Thomas Pedersen recently told PYMNTS why overcoming corporate security’s password hurdles doesn’t come without its own headaches. In another, phishing scams will fraudulently request an employee login to Uber or LinkedIn to steal those credentials.

Phishing 66

Phishing Payment APIs and Integration Credential MFA 66