Remove Accountability Remove Financial Services Remove Identity Theft Remove Social Engineering
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Top 5 Industries Most Vulnerable to Data Breaches in 2023

Security Boulevard

Unfortunately, the increasing reliance on digital systems and capabilities has also attracted an ever-growing number of malicious actors seeking to defraud businesses through phishing , social engineering , or ransomware attacks. A lack of security features to upgrade or downgrade a user may result in mismanagement of user accounts.

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Research partnership to examine how fraudsters abuse financial tech innovations

SC Magazine

Moreover, it will look at cybercriminal activities related to circumventing identity and authentication mechanisms for these innovations, including the development of synthetic identities, identity theft and account takeovers.

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Popular apps left biometric data, IDs of millions of users in danger

Security Affairs

Millions of customers of large businesses have been left vulnerable to identity theft, thanks to a security flaw that exposes their personal data to illicit download. Among those affected are clients of Europcar, a vehicle rental service, and FxPro, a trading platform. Verification process.

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Stronger customer authentication only way to mitigate risk of bank fraud

Dark Reading

Much like any other banking channel, financial institutions need to strengthen their customer authentication if they expect to stop fraud in the financial services industry, said Neil Schwartzman of secure messaging infrastructure provider, Message Bus.

Banking 40
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Spam and phishing in 2022

SecureList

For example, one website offered users to obtain a COVID vaccination certificate by entering their British National Health Service (NHS) account credentials. Scammers abused legitimate survey services by creating polls in the name of various organization to profit from victims’ personal, including sensitive, data.