SMS-based multifactor authentication is now so badly compromised that it has become a major vector for fraud, writes Veena Dandapani, of First Bank. A customer gets a text message from their bank. It ...

The use of digital banking services in Sri Lanka has increased rapidly over the past few years. Today, thousands of customers use mobile banking apps, internet banking platforms, QR payments, and ...

Digital banking frauds in India are rising as scammers use UPI scams, phishing attacks and OTP frauds, making online banking ...

Three men face 44 charges after a rogue fake-tower device silently hijacked tens of thousands of GTA phones and sent ...

For years, one-time passwords (OTPs) have been a cornerstone of digital banking security in Ghana. Whether delivered via SMS ...

ICICI Bank has issued a cautionary advisory to its customers against new online fraud. The private sector lender has urged account holders to remain vigilant against malicious links and applications ...

AI is driving a spike in the number attacks and their success rate, but human fallibility remains the biggest loophole.

India's largest bank, has over 40 crore savings account holders in the country. With such huge customer base, it becomes a ...