PYMNTS

OCTOBER 4, 2017

Yahoo announced that it now believes a 2013 security breach exposed all 3 billion of its users at the time. Initially, Yahoo announced that 1 billion accounts had been compromised. Verizon was able to purchase Verizon for $350 million less than expected due to the 2013 data breach and a subsequent 2014 hack.

Identity Theft 40

Identity Theft Breach Data Breach Wire 40

PYMNTS

SEPTEMBER 19, 2016

According to KPMG, over the past two years, 81 percent of health care organizations were the victims of cyberthreats or even had data compromised. It’s all important, because did you know that one in three Americans are victims of health care data breaches? The number of instances is rapidly increasing. The reason this is happening?

Data Breach 79

Data Breach Breach Cybersecurity Ransomware 79

PYMNTS

DECEMBER 21, 2016

There was a time when data breaches were not a daily part of consumers’ day-to-day lives. s part to believe their systems had been compromised. How did consumers go from leading lives mostly free from data fraud and identity theft to one where such hacks, skims and breaches are part of the everyday background noise?

Breach 52

Breach EMV Compromise Push-to-Card 52

PYMNTS

JANUARY 23, 2017

Adding to its mounting list of headaches — Yahoo is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. The SEC recommended no action.

Breach 43

Breach Data Breach Compromise Cybersecurity 43

PYMNTS

MARCH 12, 2018

district court in San Jose, California, ruled late last week that most of a lawsuit concerning Yahoo’s data breach, which exposed 3 billion users’ personal data, can proceed. to get the claims tossed out, including allegations of negligence and breach of contract. According to news from Reuters , U.S. Back in Oct.

Breach 40

Breach Identity Theft Data Breach Cybersecurity 40

PYMNTS

OCTOBER 14, 2016

The new group, called Odinaff, is believed to be compromised of 10–20 organizations armed with malware that can hide fraudulent transfer requests in the SWIFT system. The emergence of new possible instances of compromise is not entirely surprising given that banks should now be undertaking rigorous reviews of their environments.

SWIFT 75

SWIFT Compromise Cybersecurity Data Breach 75

Clearly Payments

MARCH 4, 2024

From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013. Over 40 million credit and debit card accounts compromised.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

AUGUST 16, 2016

NSA’s team of elite hackers has reportedly been compromised, with an anonymous group, calling itself Shadow Brokers, saying it breached the systems used by the NSA’s elite team of hackers that go by the name of Equation Group. But the code does back up other exploits named in 2013 when Edward Snowden leaked government data. “It

Breach 40

Breach Encryption Compromise Bitcoin 40

PYMNTS

DECEMBER 19, 2016

While Yahoo can’t seem to shake the consequences of its massive data breach, Costco may have finally gotten things right with its co-branded credit card, and IBM is keeping its eye on the blockchain prize. Yahoo’s Breach Bungles. The latest data breach is double the size of the other one, which has delayed the closing of the deal.

Credit Cards 46

Credit Cards Breach Blockchain Data Breach 46

PYMNTS

DECEMBER 3, 2018

19, 2013), Target was breached. People could not believe an entity like Target could be so completely compromised. Half a decade later, consumers are no longer so easily appalled since hacks, breaches and compromised data privacy have become a standard background noise in payments and commerce.

Consumer 70

Consumer Breach Compromise Advisors 70

PYMNTS

NOVEMBER 15, 2016

Security solutions provider RSA estimates a 173 percent increase in cases of mobile fraud worldwide between 2013 and 2015. More recently, data breaches reportedly went up 15 percent year over year with 424 million compromised data files (and this was before the Yahoo! data breach ).

Crime 62

Crime Data Breach Law Enforcement Breach 62

PYMNTS

DECEMBER 10, 2018

The REDCard has seen its growth slow appreciably since 2013, the year of the infamous Target breach. Between 2010 and 2013 , it’s been reported that the volume of sales on the REDCard grew from 6 percent to 19 percent – in other words, like gangbusters. But between 2013 and 2015, it’s been a different story.

ACH 73

ACH Credential Push-to-Card Breach 73

PYMNTS

DECEMBER 18, 2017

judge has sentenced a Nigerian man to three years and five months in prison for his role in a business email compromise scam. Reports said Adindu was arrested in 2016 and allegedly carried out business email compromise scams between 2014 and 2016.

Scams 41

Scams Email Compromise Compromise Wire Transfer 41

PYMNTS

JANUARY 28, 2019

28) that the private health information of its citizens has been breached. Coming off the heels of a breach in the summer in which the medical records of as many as 1.5 million people were compromised, Singapore’s Ministry of Health said the personal details and HIV-positive status of 14,200 people were placed online.

Breach 49

Breach Compromise Posting Addressing 49

PYMNTS

JUNE 7, 2016

Social networking site VK.com is the latest victim in a string of targeted data breaches that have hit a host of other social media outlets such as LinkedIn, Tumblr and Myspace. ” Just last month, LinkedIn announced that a data breach it experienced in 2012 was much worse that it initially thought. million accounts.

Accounts 43

Accounts Data Breach Database Breach 43

CB Insights

OCTOBER 2, 2018

For example, Facebook recently disclosed that an unprecedented data breach, discovered on September 25, exposed the social media accounts of up to 90 million users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account.

Data Security 58

Data Security Encryption Security Data Breach 58

PYMNTS

JUNE 23, 2016

The impact from a data breach on an enterprise can be a mixed bag. For some, like small suppliers, a compromise of sensitive data and credentials can lead to a few hundred or thousand dollars fraudulently obtained from a business client, often via the Business Email Compromise scam.

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 40

PYMNTS

SEPTEMBER 14, 2017

Employees certainly need more training to be able to detect a business email compromise (BEC) when they see one. Here’s the problem: The professional who falls victim to eInvoice scams like the business email compromise is, more often than not, a C-Suite executive. billion in total losses since 2013.

Scams 41

Scams Email Compromise Business Email Compromise Compromise 41

PYMNTS

AUGUST 21, 2018

million in fines for its audits of Ted Baker in 2013 and 2014 after the company admitted misconduct to the FRC. The regulator determined that KPMG’s decision to provide expert witness services to Ted Baker in a lawsuit breached ethical standards and compromised KPMG’s ability to audit Ted Baker’s finances without bias.

Audit 40

Audit Breach Government Governance 40

PYMNTS

MAY 30, 2018

In October Yahoo announced that it now believes a 2013 security breach exposed all 3 billion of its users at the time. Initially, Yahoo announced that 1 billion accounts had been compromised. According to news from Bloomberg Technology, Yahoo obtained the new information after Verizon acquired it for $4.5

Identity Theft 44

Identity Theft Breach Phishing Scams 44

The Paypers

DECEMBER 15, 2016

(The Paypers) Yahoo had uncovered another cyber-attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history.

Accounts 28

Accounts Compromise Breach 28

PYMNTS

SEPTEMBER 9, 2016

Many experts are looking directly at Russia for these attempts and breaches. The recent breach of email servers belonging to the Democratic National Committee (DNC) is listed as one such example, especially considering the political firestorm that ensued shortly after.

Phishing 41

Phishing Breach PayPal Database 41

PYMNTS

JANUARY 29, 2018

Last year’s Equifax breach did something that the 2013 Target breach didn’t: It gave every single consumer a reason to believe their identity had been somehow compromised. That was two months before the Equifax breach was made public. were stolen and are now being sold for a couple of bucks on the Dark Web.

Online and Mobile Banking 67

Online and Mobile Banking Credential Breach Authentication 67

PYMNTS

APRIL 11, 2016

billion since 2013. The growth in compromised ATM incidences continued unabated through the past year, FICO noted late last week, with the total number of ATMs being hit rising as much as 546 percent year over year. Fraudsters Bank Billions Via Corporate Email Scams. So what’s next ? ATM’s Massive Fraud Spike.

ATM 40

ATM Wire Transfer Scams Compromise 40

Stax

DECEMBER 20, 2023

Secure transactions ensure you can maintain a trustworthy reputation with past and future customers, as well as reducing the financial losses that come from the fines and legal fees associated with compromising customer data. One of the most famous data breaches happened to Target in 2013.

Credit Cards 88

Credit Cards Small Business Process Security 88

CB Insights

JUNE 6, 2019

Declared Bankruptcy: 2013. Coda Automotive sought Chapter 11 bankruptcy protections in May 2013, and announced it was restructuring its business as a battery technology company. By 2013, Julep was generating more than $20M in annual revenues. Founded: 2013. Founded: 2009. Total Funding: $612M. Declared Bankruptcy: 2018.

Breach 78

Breach On-Demand Product Online and Mobile Banking 78

PYMNTS

MAY 2, 2017

Department of Justice (DoJ) announced plans to charge a man allegedly responsible for a $100 million business email compromise scam. The DoJ alleges that the man, Evaldas Rimašauskas, used a business email compromise (BEC) scam to trick Facebook and Google into paying fake invoices, impersonating manufacturer Quanta Computer.

Business Email Compromise 43

Business Email Compromise Email Compromise Scams Phishing 43

PYMNTS

MAY 12, 2017

This consumer concern translates to a decrease in confidence in large organizations—which is then exacerbated by data breaches and other security events. From October 2013 through December 2016, a new report from the FBI suggests cybercriminals used business email compromise (BEC) scams to try and steal some $5.3

Business Email Compromise 51

Business Email Compromise ATM Phishing FBI 51

PYMNTS

SEPTEMBER 18, 2017

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed.

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

PYMNTS

DECEMBER 31, 2016

Once those newly compromised devices are at play, hackers can then use them to seek out other vulnerable devices to build a network that can be used to launch attacks. In addition, 2016 saw two Yahoo breaches, bringing a total of over 1.5 billion compromised accounts. But it’s not just user data and security questions.

Compromise 43

Compromise Breach Security Data Breach 43

PYMNTS

AUGUST 6, 2016

“Generally speaking, the SAT is not very important,” McGrath said in 2013. Most re ce nt examples of the test being “compromised” (industry speak for when advance copies of the test or part of the test are leaked to the general public ahead of time) involved foreign students, particularly in Asia.

Breach 42

Breach Compromise Legal Consulting 42

Fintech Labs Insights

FEBRUARY 13, 2017

” Rippleshot’s technology enables card issuers to catch card data breaches early, track trends in compromised card activity to identify future vulnerabilities, reissue new cards to customers whose cards have been compromised, and issue real-time declines to limit losses.

Compromise 17

Compromise Fraud Detection Card Issuer Issuers 17

PYMNTS

MAY 27, 2016

First it was one, then two and now it’s said to be 12 banks that have potentially been compromised using SWIFT communication protocols. I recall three years ago at Innovation Project 2013 that a rather prescient panelist said that the payments system’s worst nightmare would be having the SWIFT network breached.

SWIFT 43

SWIFT Bitcoin Online and Mobile Banking ATM 43

Fintech Labs Insights

SEPTEMBER 19, 2016

Company COO Todd Shollenbarger said, “We’re going to replace what you know (passwords) with what you are (biometrics) to safeguard enterprises from fraud and data breaches.” Storing and distributing the data this way makes it harder for hackers to steal or compromise an entire biometric piece of data, such as a fingerprint.

Authentication 20

Authentication Data Breach Breach Compromise 20

PYMNTS

AUGUST 5, 2016

We said this in December 2013 when Target was hacked and every other time every other POS was hacked too. Now, this is not at all to say that EMV technology is being foiled or compromised but does point out something that we have been saying all along: encrypting data at the POS is essential. Unencrypted POS Data.

Bitcoin 43

Bitcoin Multi-Currency Push-to-Card Chip Cards 43

PYMNTS

JULY 16, 2020

A hundred thousand data breaches after the great Target breach of late 2013, and the world has more or less gotten used to hackers getting into places they ought not be, and making off with money or data that they ought not have. As of 2020, high-profile hacks are no longer a massive surprise.

Law Enforcement 64

Law Enforcement Data Breach Breach Compromise 64

PYMNTS

MARCH 7, 2016

The POS breaches that colored our world in payments starting at the tail end of 2013 set in motion a whole host of activities designed to protect payments data at the physical point of sale. Consumers aren’t bothered all that much about having their card credentials compromised.

Online and Mobile Banking 46

Online and Mobile Banking Payments Same Day ACH Financial Inclusion 46