Fintech News

APRIL 22, 2024

While this digital transformation offers undeniable convenience, it also introduces new challenges to mobile security in Indonesia Malware and phishing attacks pose a significant threat to the integrity and security of financial platforms, jeopardising both user data and financial security. A 2023 report by Kaspersky found that 40.8%

Phishing 116

Phishing Security Blocks Cybersecurity 116

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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Data Breach Breach Phishing Credential 264

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. Once you follow the link, you enter a fake login page that captures your information.

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Risk Ransomware Phishing MFA 277

Fintech News

JANUARY 14, 2024

No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement by the Singapore Police Force and DBS on Sunday (14 Jan).

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Phishing Scams Authorization Transaction Limits 107

Fintech News

FEBRUARY 28, 2024

Singapore’s fight against phishing scams saw notable progress in 2023, with a reported 16% decrease in cases and a 14% reduction in financial losses compared to the previous year.

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Phishing Scams Authentication Authorization 106

Fintech News

FEBRUARY 4, 2025

Phishing continues to be one of the most prevalent scams affecting both consumers and businesses. Even in a highly secure payment environment with the widespread adoption of multi-factor authentication (3DS), phishing remains a major concern. Below are the most common types of fraud found now.

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Fraud Prevention Phishing Authentication Disputes 92

Payments Source

OCTOBER 10, 2019

Cybercriminals have become extremely adept at crafting emails that are indistinguishable from legitimate emails, says Valimail's Peter Goldstein.

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Phishing Risk Payments 121

Payments Source

SEPTEMBER 20, 2020

Netwalker attacks are known to target victims using phishing emails disguised as COVID-19 updates from their organization, taking advantage of the heightened fears and anxieties that come with the current pandemic, says Stealthbits Technologies' Dan Piazza.

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Phishing Technology Ransomware Risk 167

The Paypers

OCTOBER 29, 2024

Transak , a firm providing crypto on-ramp services, has recently reported a data breach impacting over 92,000 users due to a phishing incident.

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Data Breach Phishing Breach 74

Fintech News

MARCH 25, 2025

The feature is designed to prevent unauthorised fund transfers, even in cases where scammers gain control of a customers mobile device through tactics like malware or phishing. There are no limits on how much money can be locked.

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Scams Security Phishing Funds Transfer 99

VISTA InfoSec

MAY 12, 2024

Many cyberattacks specifically target people through phishing and other kinds of social engineering. Additionally, restrict web access on POS terminals to prevent employees from falling into malware or phishing traps accidentally. Solving this issue means empowering your employees to understand the nature of today’s cyber threats.

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PCI DSS Security Compromise Best Practices 277

The Paypers

APRIL 3, 2025

Cryptocurrency exchange Coinbase has been linked to suspected phishing scams resulting in losses exceeding USD 46 million in March 2025.

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Phishing Scams Cryptocurrency 60

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.

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Phishing Cybersecurity Compromise Ransomware 69

Payments Source

JANUARY 2, 2019

As consumers grow more attached to mobile devices for e-commerce and payments, fraudsters are intensifying their focus on handsets with new phishing, vishing to SIM-swap tricks.

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Phishing Security Consumer Payments 156

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. Kick things off with phishing awareness training. First, find out what your most valuable digital assets are – customer data, financial records, or proprietary information. Outdated software?

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Data Security Security Encryption Cybersecurity 266

The Paypers

OCTOBER 21, 2022

Israel-based behavioural biometrics company BioCatch has launched its Phishing Site Detection with Phising Victim Reports to detect attacks directed at FIs.

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Phishing 68

The Fintech Times

FEBRUARY 9, 2024

In fact, it found that AI-enhanced phishing affected 91.1 of Organisations Impacted by AI-Enhanced Phishing Attacks, Acronis Reports appeared first on The Fintech Times. per cent of organisations across 15 key countries, and contributed to a 222 per cent surge in email attacks in 2023 as compared to the second half of 2022.

Phishing 72

Phishing AI MSPS Ransomware 72

VISTA InfoSec

FEBRUARY 25, 2024

Train Employees Build a workplace cybersecurity culture through new hire orientation plus continuous education covering threat awareness, safe internet usage, password policies, phishing identification, social engineering tactics, data handling procedures, and obligations to report risks proactively.

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Data Breach Breach Multifactor Authentication Cybersecurity 272

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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Phishing Scams Authentication Financial Crimes 59

The Fintech Times

NOVEMBER 27, 2024

Technology has given fraudsters new life, and while many are experimenting with new methods of attack, older forms of attack such as phishing have also risen to new highs. Send-to-Name Looking to prevent this, MatterFi has launched its Send-to-Name solution which allows users to transact seamlessly and safely.

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Phishing Scams Money Laundering Addressing 64

The Payments Association

JANUARY 13, 2025

Other Channels Exploited Email services and search engines are targeted via phishing emails and fraudulent ads, redirecting victims to fake websites or impersonated organisations. Other platforms also affected: Search engines and email services are commonly used for phishing schemes and fraudulent advertisements. of total losses.

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Scams Romance Scams Phishing Volume 88

Finextra

NOVEMBER 20, 2024

FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, has published Stop the Scams: A Phishing Prevention Framework for Financial Services.

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FS-ISAC Phishing Scams Cybersecurity 52

Fintech News

MARCH 11, 2025

Scammers sent phishing links disguised as legitimate verification sites via dating platforms, enrolling victims in recurring billing cycles. One of the largest scams uncovered by Visa involved fraudulent identity verification schemes.

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Scams Blocks Law Enforcement Laws 95

Finextra

MAY 9, 2024

Global mobile banking trojan attacks on Android users grew by a third in 2023, while cryptocurrency-related phishing also saw a sharp increase, according to a Kaspersky report.

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Mobile Banking Phishing Cryptocurrency 124

Fintech Finance

DECEMBER 4, 2024

Specifically, more than half (58%) dealt with phishing scams in the past 12 months, where scammers pretended to be trusted companies to steal their personal information through email.

Account Takeovers 104

Account Takeovers Small Business Phishing Scams 104

The Payments Association

APRIL 22, 2025

Other Channels Exploited Email services and search engines are targeted via phishing emails and fraudulent ads, redirecting victims to fake websites or impersonated organisations. Other platforms also affected: Search engines and email services are commonly used for phishing schemes and fraudulent advertisements. of total losses.

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Scams Romance Scams Crime Online and Mobile Banking 88

Fintech Finance

APRIL 10, 2025

Top three fraud experiences (even if they were unsuccessful) 17% phone scams 16% phishing scams 13% identity theft The post ACI Worldwide Survey Shows Nearly 40% of Taxpayers Will Use Refunds for Debt Relief appeared first on FF News | Fintech Finance. credit cards, loans, etc.) 20% would make minor purchases (e.g.,

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Tax Refunds IRS Identity Theft Alternative Payment Methods 92

Fintech Finance

DECEMBER 6, 2024

Compared to OTPs, which are increasingly vulnerable to online scams such as phishing, SIM swapping, and message interception, payment passkeys make transactions not only faster, but also more secure against fraud and scams.

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Visa Authentication Scams Payments 98

Finextra

MARCH 28, 2025

In January and February 2025, AIB saw a sharp increase in reports of phone call fraud, with overall voice phishing, or vishing, increasing by 79% compared to the same two months in 2024.

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Phishing 106

Fintech News

JULY 9, 2024

Announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), this move aims to better protect customers from phishing scams. Phishing scams were among the top five scam types last year, with at least S$14.2

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Phishing Scams Online and Mobile Banking Credential 107

Fintech News

MARCH 24, 2025

Top types of payment fraud in Singapore in 2025 The Adyen Index: Retail Report 2024 also highlights the most common types of payment fraud in Singapore observed from the company payment platform, emphasizing phishing, refund fraud, card testing and friendly fraud as the most prevalent payment fraud tactics in the city-state as of January 2025.

Phishing 52

Phishing Scams Payments Online and Mobile Banking 52

Fintech News

NOVEMBER 10, 2024

This information allows threat actors to create more convincing phishing emails or other forms of engagement between threat actors and victims. AI is also employed to conduct reconnaissance on individual victims or victim organizations by scraping publicly available information and open social media.

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Ransomware Data Breach Scams AI 114

The Nilson Report

AUGUST 13, 2024

Payments Forum Resource Showcases Phishing-Resistant Authentication Methods for Secure, Passwordless Future appeared first on Nilson Report. The post U.S.

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Phishing Authentication Security Payments 52

Payments Source

MARCH 5, 2019

Online retailers must accept hacking, malware and phishing as a reality of doing business in our digital world, but tokenization can make the prize less worthy for crooks, according to André Stoorvogel, director of product marketing for Rambus Payments.

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Phishing Product Payments Data Breach 124

VISTA InfoSec

SEPTEMBER 5, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. Lets get started.

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Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. Let’s get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

OCTOBER 9, 2020

We have seen phishing attacks surge since the pandemic started,” Reichel said. Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. The quality of the branded phishing emails are what sets the latest coronavirus email attacks apart,” Reichel said. Spear Phishing. Brand Forgery.

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B2B Phishing Scams Ransomware 116