PYMNTS

JANUARY 9, 2019

8) that his office, as well as 42 other state attorney generals, have settled with Neiman Marcus over a 2013 breach of customer payment card data at 77 of the retailer’s stores. Of the cards that were breached, at least 9,200 were used for fraudulent purposes, the Maryland AG said in the press release.

Breach 63

Breach Data Breach Settlement Payments 63

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.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

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

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.

Accounts 43

Accounts Data Breach Database Breach 43

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.

Breach 43

Breach Data Breach Compromise Cybersecurity 43

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

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

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. 2013, resulting in $3.1

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 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. This week’s Data Dive takes a look at the turning points for those big names in payments and commerce.

Credit Cards 46

Credit Cards Breach Blockchain Data Breach 46

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 3, 2018

In December of 2013, Target was breached. That breach cost then- CEO Gregg Steinhafel his job, and became the poster child for EMV and the need to lock down payment card security to protect against counterfeit fraud at the physical point of sale. And the benefits of driving and flying far outweigh the alternatives.

Breach 77

Breach Consumer Credential Compromise 77

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

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

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

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

JANUARY 28, 2019

According to a report in TechCrunch , it marks the second time within a year that Singapore residents’ data has been accessed. Coming off the heels of a breach in the summer in which the medical records of as many as 1.5 The ministry said the details were posted by an unauthorized user to the ministry’s HIV Registry.

Breach 49

Breach Compromise Posting Addressing 49

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

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

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.” “We’re making biometric authentication a solution of today, not tomorrow,” he said.

Authentication 20

Authentication Data Breach Breach Compromise 20

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

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