cybersecurity

Experts Wary of Data Security Feature of Payment Gateways

Want RBI to revisit pact between payment corp, service providers With payment service providers raking in the moolah with the rapid growth in digital payments, policymakers have begun to take a close look at the robustness of the data security features of the digital instruments.

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Cyber Security: A Must for the Retailers in the Mobile Era

According to data published by the consumer financial services company, 60 percent of the U.S. consumers believe that on an average, a lot many shoppers will carry a phone but no physical wallet.

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Professional Cybercriminals Put the Heat on Fintech

Like the sophisticated and meticulous gang in the engaging 1995 movie Heat, cybercriminals are showing a greater degree of professionalism. In the European Payments Councils (EPC) 2018 Payment Threats and Fraud Trends Report, it provides a bleak and very lengthy overview of the most important threats in the payments landscape.

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Financial Firms to Further Increase Cybersecurity Spending

U.S. banks and other financial firms are projecting higher spending on cybersecurity as they face bigger threats and more attacks.

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As Phishing Evolves, Payment Authentication Has to Do the Same

With more personal information accessible online and its accuracy questionable, relying solely on the data provided as part of the payment messaging can be risky. Continued incidents of spear phishing and catfishing only serve to highlight the complex work required to tell the genuine apart from the fraudulent.

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PODCAST: Consumers Lack Awareness of How Much Personally Identifiable Information Is Exposed

Recently, First Data produced a cybersecurity study that took a look at personally identifiable information. Can you give us a brief overview of this study or survey and what was its main focus? EJ Jackson – Head of Security and Fraud Solutions at First Data

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Biggest Phish in the Sea? These Banks Are Growing Targets

Phishing is the one cybersecurity issue that never seems to go away. Despite the repeated warnings and efforts at raising customer awareness, cyberthieves continue to trick users with fake emails resembling legitimate ones, intended to direct them to a link where thieves can steal their credentials.

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The Digital Payment Crime Threat Portends a Fintech/Regtech Alliance

Digital payments remain vulnerable to abuse by financial criminals seeking to make fast payments and undetected payments through the financial system. There are multiple ways in which digital payments can be used by those laundering money, committing fraud, or financing terrorism.

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Mobile Payments Users Beware: Large Banks Coming Under Cyberattack

Its about the last thing you want to hear if you’re a mobile payments user with a big bank. Or if you just have accounts with one. New reports, however, have said it nonetheless: large US banks have seen marked increases in hacking attempts and other similar cyberattacks over the last few weeks.

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Big Banks See Uptick in Cyberattack Attempts

Sources have reported that some large U.S. banks have seen a boost in attempted cyberattacks in recent weeks.

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Credential Stuffing Attacks Cause Heartache for the Financial Sector

The financial industry has always been a target for cyberattackers. Credit card data, customer information, and the wealth of corporate data available for the taking has ensured that cybercriminals will try, again and again, to compromise companies in the sector. In August, cyberattackers made off with 13.

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Financial Industry Standards Body Releases Rules Aimed at Tightening Mobile Security

Mobile payments are booming in places like China and India, but in the United States, not so much. Year after year, one reason that keeps popping up in surveys is concerns about security, and on Tuesday a major standards body announced a measure aimed squarely at those fears. The Accredited Standards Committee X9 Inc., an […]

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