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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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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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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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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Payments Source

DECEMBER 20, 2018

Web attacks spike around the holidays, creating a higher risk for malware, phishing and other crime, according to Ryan Wilk, vice president of customer success for NuData Security, a Mastercard company.

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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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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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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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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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Fintech News

OCTOBER 27, 2024

The Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) will implement the Shared Responsibility Framework (SRF) for phishing scams on 16 December 2024. Duties of FIs and PSPs FIs and PSPs must implement several anti-scam measures to prevent unauthorized access and detect phishing threats.

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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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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.

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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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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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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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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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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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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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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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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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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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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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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.

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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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VISTA InfoSec

MARCH 28, 2024

This training should cover topics such as recognizing phishing attempts, safe handling of data, and the proper use of security tools. Staying ahead of potential threats is key to keeping customer data safe. Regular updates and reminders can help maintain a culture of security awareness within your organization.

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The Paypers

JULY 15, 2024

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced that banks in the region plan to better protect customers against phishing.

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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).

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VISTA InfoSec

JANUARY 29, 2024

Users are protected against phishing attacks through anti-phishing mechanisms. This includes employee e-mail (for instance, via phishing), internet usage, mobile computers, and storage devices, leading to the exploitation of system vulnerabilities. New requirement to identify and safeguard staff from phishing attacks.

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VISTA InfoSec

JUNE 26, 2024

The Impact of Cybersecurity on Businesses & What an Investor Should Consider Cybersecurity measures protect systems, networks, and data from digital attacks like malware, phishing attacks, and ransomware because cybersecurity breaches impact a business negatively.

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CoinRemitter

SEPTEMBER 22, 2023

What is a phishing attack? The cyber phishing attack is intended to trick individuals into submitting/giving up sensitive information (such as private keys, passwords, etc.). On the other hand, vishing (voice+phishing) consists of attacking individuals through voice calls.

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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. ” Phishing, Smishing and the Value of Education . “Advances in payments technologies are making consumer transactions more secure,” the report states.

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PYMNTS

AUGUST 20, 2020

Anyone could phish or contact any person that indicates telephone and email on his social network profile description in the same way, even without the existence of the database. […] Social networks themselves expose the data to outsiders – that is their business – open public networks and profiles.

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BioCatch

SEPTEMBER 18, 2024

Whether through phishing emails and text messages or social media, the biggest cyber threat facing banking customers today is the rise of sophisticated social engineering frauds. No matter where you live, scammers will come for you.

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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).

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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.

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The Payments Association

AUGUST 26, 2024

It details various types of fraud, such as phishing, malicious apps, weak authentication practices. The article discusses the growing popularity of mobile wallets and also highlights the rising threat of mobile wallet fraud.

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Fintech News

JANUARY 24, 2024

The enhancement is a response to growing concerns over digital security threats, such as malware and phishing, which have become prevalent in the online banking space. This follows its successful implementation for current and savings accounts in November 2023.

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