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.

Ransomware 116

Ransomware Data Breach Scams AI 116

PYMNTS

JANUARY 23, 2020

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. How DocuSign Ices Out Phishing Attacks. Deep Dive: Businesses Struggle With Employee Phishing. million per breach.

Phishing 64

Phishing Data Breach Breach Scams 64

The Fintech Times

MARCH 12, 2025

AI-generated deepfakes , synthetic identities and hyper-targeted phishing attacks are just some of the cyberthreats on the rise. As fraud evolves, organisations’ cyber defences must too. As a result of the new partnership, Intergiro is integrating SEON’s anti-fraud and anti-money laundering (AML) technologies.#

Embedded Finance 72

Embedded Finance Finance Deepfake Payment APIs and Integration 72

The Fintech Times

FEBRUARY 14, 2025

User-friendly fraud-as-a-service (FaaS) kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are becoming increasingly available online, AU10TIX , the identity verification and management technology provider, has revealed.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

VISTA InfoSec

MARCH 28, 2024

For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification. This training should cover topics such as recognizing phishing attempts, safe handling of data, and the proper use of security tools.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

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

OCTOBER 9, 2020

state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. Email and the Verification Divide. The Future of Email Verification. One study on six countries, including Canada, the U.K.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

The Fintech Times

SEPTEMBER 21, 2024

Major retail banks in Singapore are set to progressively implement Singpass Face Verification (SFV) in the near future, as the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) plan to strengthen the digital token (DT) setup process for retail banking customers.

Verification 72

Verification Scams Financial Crimes Crime 72

Fintech Review

APRIL 20, 2025

In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. The risks range from phishing and account takeovers to ransomware and insider threats. More than just firewalls and antivirus software, modern cybertech is proactive and adaptive.

Finance 52

Finance Security Fraud Detection Encryption 52

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

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.

Security 130

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 8, 2020

And in digital onboarding, email verification and other authentication technologies can assist in offering a seamless and safe experience for consumers. 2.2B: Number of consumers targeted with COVID-19-related phishing schemes. 2.2B: Number of consumers targeted with COVID-19-related phishing schemes.

Phishing 93

Phishing Authentication Verification Returns 93

The Paypers

NOVEMBER 14, 2024

US-based identity platform Persona has partnered with Okta to deliver an automated identity verification solution and support organisations to safeguard against phishing and deepfakes.

Deepfake 68

Deepfake Phishing Verification Security 68

PYMNTS

JULY 24, 2020

Outside of the Instacart platform, attackers may target individuals using phishing or credential stuffing techniques. The feature included identity verification tools and an updated contactless delivery option. “We take data protection and privacy very seriously.

Data Breach 86

Data Breach Breach Phishing Duplicate 86

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. OCBC Money Lock seeks to counter this by necessitating in-branch verification, for any alterations or withdrawals from time deposit accounts.

Security 107

Security Deposit Account Phishing ATM 107

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.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

The Fintech Times

DECEMBER 18, 2023

Take company-wide training to identify phishing attacks for example. How can employees be reasonably expected to identify and report phishing emails when they are increasing in both frequency and effectiveness? . “Approaches and practices that used to be relied upon will no longer pass muster.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

OCTOBER 7, 2020

These bad actors are tapping everything from tried and true phishing schemes to tailored identity theft to scrape data from these digital sites, and not properly protecting against these efforts can lead to significant strain. Deep Dive: Why FIs, Businesse s Must Upgrade Email Verification To Keep Fraud At Bay. About The Tracker.

Verification 89

Verification Identity Theft Online and Mobile Banking Authentication 89

Fintech News

MAY 27, 2024

In addition to data breaches, generative AI tools pose a distinct challenge to APAC fintechs, empowering fraudsters to craft sophisticated phishing lures and synthetic identities. This burgeoning fraud type poses significant challenges to fintech firms’ identity verification processes in APAC.

APACS 114

APACS Data Breach FinTech Fraud Prevention 114

Fintech News

JANUARY 17, 2024

Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022. Over 80 percent of these phishing campaigns mimicked banks or financial services, including institutions based in China, as well as local services like Singpass and SingPost.

Deepfake 122

Deepfake APACS Scams Authentication 122

Fintech News

MARCH 6, 2024

This initiative leverages standardised communication channels (APIs) set by the GSMA, allowing real-time verification of mobile phone numbers and device locations. Singapore’s mobile operators Singtel and M1 have announced a collaboration to enhance security for their customers through network-based authentication.

Scams 107

Scams API Mitigation Phishing 107

Segpay

FEBRUARY 21, 2024

ID Verification Generative AI plays a crucial role in identity verification by incorporating advanced biometric authentication methods. Phishing and Social Engineering Prevention: Phishing and social engineering attacks pose significant cybersecurity threats.

AI 105

AI Innovation Fraud Detection Encryption 105

VISTA InfoSec

NOVEMBER 7, 2023

In essence, MFA requires multiple verification steps before an action is authenticated. This reduction of the “single-factor” risk is critical in an era when cyber threats are growing daily, including: Phishing attacks : Cybercriminals trick users into revealing sensitive information, often by posing as trustworthy entities.

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

JULY 2, 2020

Account takeover fraud, phishing scams and friendly fraud have all seen upticks of late. With Kount’s system, the merchant then decides what to do with those scores — reject a transaction entirely or just require additional verification steps. Sevounts said Kount has also recently noticed an uptick in “card-testing fraud.”

Transactions 112

Transactions Push-to-Card Account Takeovers Fraud Prevention 112

PYMNTS

MAY 22, 2020

Banks must instead leverage multilayered defenses that harness employee and customer education, ironclad verification and artificial intelligence (AI)-enhanced fraud detection systems to keep customers’ money and personal data safe. People are one click away from a malware download or credential phishing [website].

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

JULY 24, 2020

As the chief technology officer of identity verification solution provider Mitek , he said he knows that question had an easy answer in the past. continues, he urged businesses to find new approaches to adopting identity verification. For Stephen Ritter , the question “Who are you?” has never been more important.

Verification 83

Verification Authentication Checks AI 83

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. Securing Digital Identities Digital identity verification is a cornerstone of fintech services. The Growing Threat Landscape in Fintech As fintech grows, so does its attractiveness to cybercriminals.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

PYMNTS

JULY 24, 2020

Outside of the Instacart platform, attackers may target individuals using phishing or credential stuffing techniques. The feature includes identity verification tools and an updated contactless delivery option. “We take data protection and privacy very seriously.

Accounts 75

Accounts Compromise Data Breach Phishing 75

PYMNTS

MARCH 29, 2019

Upon verification, I was shocked at the massive number of emails that were publicly accessible for anyone with an internet connection,” Diachenko said in the report. It also puts people at risk for robo calls and phishing attacks, which will try to lure even more personal information out of people.

Database 74

Database Accounts Breach Phishing 74

The Fintech Times

NOVEMBER 20, 2024

Generative AI (GenAI) is being used to create sophisticated digital forgery and injection attacks through well known methods like phishing, fraud and ransomware. ” Struggles with onboarding Digital identity verification is a vital part of the onboarding process. per cent of attacks globally).

Deepfake 69

Deepfake Phishing Account Takeovers AI 69

PYMNTS

AUGUST 7, 2020

The research also noted a 40 percent increase compared to February in the number of blocked attempts to guide users to phishing websites for one of the most-visited gaming platforms. . Other bad actors rely on phishing, in which potential victims receive links that direct them to fake login pages and ask them to input their account details.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

SEPTEMBER 18, 2020

She noted that verifications can also utilize information tied to payment history. It was developed by the Cybersecurity Response Project Team.

NACHA 88

NACHA Cybersecurity Scams Payments 88

FICO

JULY 7, 2020

With phishing, bad actors use malicious emails that are disguised as legitimate to trick people into providing sensitive information or taking potentially dangerous action. Vishing is like phishing, but over the phone. Smishing is similar to phishing, but is executed through text messages. every month.

Scams 97

Scams Smishing Phishing IRS 97

Fi911

JANUARY 18, 2024

They often accomplish this by obtaining the victim’s login credentials through phishing emails, malware, or other fraudulent means. If a transaction seems out of the ordinary for a particular customer, the bank can flag it for further investigation or verification.

Account Takeovers 96

Account Takeovers MFA Fraud Detection Credit Cards 96

PYMNTS

JUNE 8, 2020

FIs that combine multiple identity verification methods put up more obstacles for cybercriminals, who must then steal victims’ login details as well as their smartphones or find ways to intercept OTPs. Fighting Phishing. Educating account holders about threats can be especially effective in foiling phishing attacks, for example.

Authentication 60

Authentication MFA Phishing Scams 60

Stax

MARCH 27, 2025

They check for fraud and fund availability (Verification) before depositing the money into your account (Completion). Security risks: Phishing scams, theft, and hacking make EFTs a less secure option than ACH. It seems straightforward for clients, but behind the scenes, a financial institution keeps the process in check.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88