VISTA InfoSec

FEBRUARY 25, 2024

Don’t wait to implement best practices that mitigate risks substantially: Keep All Systems Updated Run the latest software versions across networks/servers and endpoint devices while establishing processes for rapid updates whenever new patches are released.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

PYMNTS

JULY 25, 2019

billion people send around 269 billion emails every single day – this type of online communication is vulnerable to phishing attacks. Recent research indicates 30 percent of targeted attempts are made via phishing emails, and that 15 percent of victims are repeat targets.

Phishing 69

Phishing Fraud Detection Automation Ransomware 69

The Paypers

SEPTEMBER 20, 2024

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced that major retail banks are set to implement Singpass Face Verification (SFV).

Mitigation 72

Mitigation Phishing Verification Authorization 72

The Fintech Times

APRIL 11, 2024

Phishing attacks continue to plague businesses, with as much as 94 per cent of companies falling victim to this type of cybercrime in the past year alone, according to the latest Egress ‘Email Threat Landscape 2024’ report. Repercussions extend beyond financial losses, significantly impacting individuals within organisations.

Phishing 69

Phishing Cybersecurity Compromise Ransomware 69

VISTA InfoSec

SEPTEMBER 5, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. Common threats for SMEs include phishing, malware, insider threats, and social engineering. Lets get started. Lets get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. Common threats for SMEs include phishing, malware, insider threats, and social engineering. Let’s get started. Let’s get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

Fintech News

MARCH 24, 2025

In response to these threats, 66% of businesses are considering partnering with a technology or payments provider that offers a chargeback liability guarantee to mitigate risks. Phishing Phishing is one of the most common scam tactics in Singapore. In 2024, phishing scams were the third most concerning type of scam in Singapore.

Phishing 52

Phishing Scams Payments Online and Mobile Banking 52

Neopay

JANUARY 22, 2025

Phishing attacks: AI-generated content enables fraudsters to create highly personalised and convincing phishing emails that bypass traditional detection methods. By investing in training, implementing robust security measures, and leveraging AI for defence, organisations can mitigate the risks posed by GenAI fraud.

AI 59

AI Deepfake Phishing Audit 59

The Fintech Times

DECEMBER 6, 2024

Over the past 12 months, 58 per cent of surveyed SMEs said they had to deal with phishing scams. Mollies research found that they spend an average of 15 daysor 120 hourseach year managing and mitigating fraud-related issues. It is not as easy as simply saying “don’t commit as many resources” though.

Account Takeovers 80

Account Takeovers Phishing Small Business Cybersecurity 80

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).

Scams 107

Scams Phishing Deepfake Verification 107

PYMNTS

MAY 5, 2020

Fraudsters are finding increasingly sophisticated ways to beat the system to commit financial fraud, however,” including big spikes in phishing attempts. This, in turn, helps mitigate fraud.”. ” Phishing, Smishing and the Value of Education . Financial institutions should leverage data analytics to their benefit.

Credit Union 95

Credit Union Smishing Phishing Credit Union Service Organization 95

The Payments Association

OCTOBER 28, 2024

Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. Whether through fake profiles, phishing emails, or fraudulent advertisements, criminals are finding new ways to manipulate people into sharing their financial details or authorising payments.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

VISTA InfoSec

OCTOBER 21, 2024

The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data. A decent level of personalization will give you more control over your funds and help mitigate damage from unauthorized transactions.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Compromise 162

Fintech News

JUNE 10, 2024

Organisations should conduct exercises to test these plans before an actual ransomware attack occurs, enabling swift and decisive action to mitigate the situation. Regular training sessions should be conducted to make employees aware of phishing and other social engineering tactics used by cybercriminals.

Ransomware 103

Ransomware Authorization Phishing Cybersecurity 103

PYMNTS

APRIL 10, 2020

“In times of uncertainty, it’s important that we help our clients mitigate risk by offering flexibility, redundancy and resilience,” Ryan Frere, executive vice president, global payments at Flywire , told PYMNTS. Our clients’ payers have been the subject of different phishing and fraud attempts.

Mitigation 60

Mitigation Continuity Risk Payer 60

PYMNTS

DECEMBER 28, 2020

Further, FinCEN said phishing schemes could surface targeting people with fraudulent vaccine information, the sale of unapproved and illegally marketed vaccines and the sale of counterfeit versions of approved vaccines. There have already been ransomware attacks aimed at medical research facilities working on vaccinations.

Fincen 127

Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

Fintech News

JANUARY 10, 2024

” MAS and Infocomm Media Development Authority (IMDA) have been working on a Shared Responsibility Framework (SRF) for phishing scams. Among the proposals outlined is that financial institutions and telcos are expected to bear the full loss , if they fail to discharge their respective prescribed duties to mitigate phishing scams.

Accounts 107

Accounts Scams Phishing Payee 107

Fintech Review

APRIL 20, 2025

The risks range from phishing and account takeovers to ransomware and insider threats. Cybertech helps mitigate these risks by securing each layer of the stack from device authentication to back-end systems. Attackers pursue data, funds, and access to infrastructure.

Finance 52

Finance Security Fraud Detection Encryption 52

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.

Phishing 40

Phishing Scams Small Business Cybersecurity 40

Fintech News

NOVEMBER 12, 2024

The Shared Responsibility Framework , which outlines duties for financial institutions and telecommunications companies to mitigate phishing scams, applies to these accounts as well. All accounts, including those for minors, are protected by security measures such as real-time alerts and mechanisms to prevent unauthorized transactions.

Accounts 105

Accounts Financial Literacy Transaction Limits Scams 105

VISTA InfoSec

JULY 29, 2024

Theaddedanonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data. A decent level of personalization will give you more control over your funds and help mitigate damage from unauthorized transactions.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

Fintech News

MARCH 6, 2024

We’re confident that together, we can help mitigate fraud in real-time, and safeguard Singapore and Singaporeans from further attacks.” We’re glad to have a like-minded partner like M1, who understands the need to join forces to combat this global problem at a national level.

Scams 106

Scams API Mitigation Phishing 106

VISTA InfoSec

DECEMBER 19, 2024

Test the IRP periodically to ensure its effectiveness in mitigating cyber incidents. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements. Conduct regular vulnerability scans and penetration tests. Report security incidents to SWIFT promptly, as per the CSP guidelines.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

Fintech Finance

MARCH 5, 2025

In an era where fraud methods are becoming increasingly sophisticated, with phishing, vishing, identity theft, and other forms of fraud, it is essential for financial institutions to have tools that adapt and respond to dynamic threats. This solution protects transactions while ensuring a smooth and frictionless experience for customers.

Fraud Detection 52

Fraud Detection AI Fraud Prevention Identity Theft 52

Segpay

FEBRUARY 21, 2024

This proactive approach enables organizations to detect and mitigate potential security breaches before they escalate, significantly enhancing overall cybersecurity. This automation accelerates response times, which is crucial in mitigating the impact of security breaches.

AI 105

AI Innovation Fraud Detection Encryption 105

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes.

Account Takeovers 97

Account Takeovers Fraud Detection Phishing Fraud Prevention 97

Finextra

MAY 7, 2024

Scott Olson, CMO, Outseer, taps into insights from their upcoming ‘Global Fraud and Scams Trend Report’ to explore what has exerted the most significant influence on fraud threats and mitigation since 2023.

Phishing 64

Phishing Scams Mitigation AI 64

PYMNTS

SEPTEMBER 21, 2019

They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks become more sophisticated, so much small businesses’ mitigation tactics. ” The U.S.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s There is a vast market for mitigating attacks in progress and for defending against threats, both new and established, that grow in severity by the day.

Phishing 45

Phishing Ransomware EMV CHIPS 45

VISTA InfoSec

FEBRUARY 13, 2024

Employees who are aware of the risks associated with cyber threats and the steps they can take to mitigate these risks form a solid first line of defence against bad actors in the digital sphere. By regularly conducting these tests, businesses can preemptively discover areas of exposure that cyber attackers could potentially exploit.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

PYMNTS

AUGUST 23, 2017

How confident do you feel in your ability to handle and mitigate the situation? Oh, and don’t forget phishing and social impersonation. You there, corporate decision-maker. Are you ready to respond to a cyber threat? If the answer is “not very,” you’re in good company. That’s a good thing. Second, the process.

Phishing 40

Phishing Online and Mobile Banking Mitigation Crime 40

PYMNTS

JULY 2, 2020

Account takeover fraud, phishing scams and friendly fraud have all seen upticks of late. With the right technology partner, merchants have the ability to really mitigate these types of risks. He added that fraudsters have been showing up across the board in terms of fraud types attempted.

Transactions 112

Transactions Push-to-Card Account Takeovers Fraud Prevention 112

VISTA InfoSec

AUGUST 8, 2023

It can affect productivity, but you can mitigate the impact of attacks by deploying protective gear and training systems for your business and employees. Phishing Attacks Phishing attacks are usually deployed via emails and malicious websites.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

The Fintech Times

DECEMBER 19, 2024

Proactive fraud prevention today not only mitigates risk, but also future-proofs operations against costly penalties.” . “With increasingly sophisticated fraud tactics on the uptick, organisations must prepare for stricter AI and compliance rules.

Automation 59

Automation AI Fraud Prevention Deepfake 59

PYMNTS

MAY 4, 2020

A 2018 study on payment fraud mitigation reported that 75 percent of financial institutions (FIs) experienced fraud losses. Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers.

Phishing 56

Phishing Credit Union Breach Data Breach 56

Seon

MARCH 20, 2024

For example, artificial intelligence (AI), machine learning (ML) and generative tools used alongside advanced data analysis can forge new, difficult-to-detect fraudulent schemes, including AI-based scams like creating synthetic identities, generating false information and sending out large-batch impersonation-based phishing messages.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

VISTA InfoSec

DECEMBER 19, 2024

Test the IRP periodically to ensure its effectiveness in mitigating cyber incidents. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements. Conduct regular vulnerability scans and penetration tests. Report security incidents to SWIFT promptly, as per the CSP guidelines.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130