PYMNTS

MARCH 31, 2020

Marriott International experienced a massive data breach in an “incident” that involved a property system. The hotel firm said in a notice that it “at the end of February 2020, the company identified that an unexpected amount of guest information may have been accessed” with the sign-in credentials of two franchise property staffers.

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Data Breach Breach Credential Assessments 56

Payments Source

NOVEMBER 6, 2018

The breach may have occurred through a technique called "credential stuffing," in which hackers who have stolen passwords for other websites try them out on an online banking site.

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Breach Data Breach Credential Accounts 71

PYMNTS

JANUARY 18, 2019

The largest public data breach ever has been discovered, according to Gizmodo. The breach is just one data batch of at least six more, collected by someone trying to sell the stolen info, which amounts to almost 1 terabyte of stolen information. The Collection #1 breach has a staggering 2.7 billion combos.

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VISTA InfoSec

JUNE 27, 2024

In a recent development that has raised concerns across the education sector, Los Angeles Unified School District (LAUSD) has confirmed a significant data breach involving student information.

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PYMNTS

JULY 24, 2020

and Canadian online grocery delivery service, blamed reused passwords for the recent account hacks that led to the theft of its customers’ personal data that landed on the dark web. PYMTS reported hundreds of thousands of Instacart customers had their personal data sold online, including the last four digits of their credit cards.

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Accounts Compromise Data Breach Phishing 75

PYMNTS

SEPTEMBER 19, 2019

Thinkful, an online education site for developers, has revealed that it has been hit with a data breach. “We As soon as we discovered this unauthorized access, we promptly changed the credentials, took additional steps to enhance the security measures we have in place, and initiated a full investigation.”.

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Seon

JANUARY 29, 2024

Having trouble protecting your user accounts? In this guide, we’ll see why accounts are targeted, how fraudsters acquire them, and, of course, which steps you should take to secure them. This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud?

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Account Takeovers Accounts Fraud Prevention Fraud Detection 52

VISTA InfoSec

APRIL 5, 2024

The following are some of the consequences when data privacy and security are compromised: Productivity loss. Operational interruption happens when cybersecurity is breached. A file falling into the wrong hands or credentials being revealed to unauthorized personnel could spell lost productivity and revenue. Tainted reputation.

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Best Practices Business Continuity Continuity Compromise 262

PYMNTS

OCTOBER 17, 2018

Visa announced today the commercial expansion of its Visa Token Service for “credential-on-file token requestors.” Network tokens offer merchants an appealing solution to boosting the security of transactions while also helping merchants manage the account credentialing that is now the reality of multichannel retail payments.

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PYMNTS

APRIL 24, 2019

Reports have appeared all over social media, particularly via Reddit and Twitter , about Chipotle user accounts being pirated, with hundreds of dollars’ worth of food ordered to customer cards that those customers never saw. She further noted that the firm is pretty sure credential stuffing is the root cause in this case.

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PYMNTS

JUNE 6, 2016

Reports of data breaches and cyberattacks are serious, but what happens when those claims are untrue? According to Krebs on Security , last week, several identity theft protection companies incorrectly named Dropbox as the source of a data breach that compromised nearly 73 million usernames and passwords.

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Data Breach Breach Identity Theft Compromise 42

PYMNTS

NOVEMBER 7, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. About five years ago, the company started moving its data to the cloud. The alleged hacker, Paige Thompson , was a former employee of Amazon Web Services, which hosted the Capital One database that was breached.

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PYMNTS

JUNE 28, 2016

Account passwords for German telecommunications company Deutsche Telekom are for sale on the dark web, but the company said on Monday (June 25) that it has not been the victim of a cyber attack. Instead, the firm has suggested that the leaked data, estimated to range from 64,000 records to 120,000 records, was obtained from another source.

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Data Breach Breach Credential Phishing 40

PYMNTS

SEPTEMBER 19, 2019

The threat of a data breach is now an ever-present part of life for customers and the banks that serve them. A reported 3,813 data breaches across a number of industries — collectively exposing 4.1 billion stolen credentials. billion stolen credentials. This is where AI and ML technologies can come in handy.

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PYMNTS

JULY 9, 2018

Timehop , the mobile app that gathers photos from social media, disclosed on Monday (July 9) that it was the subject of a data breach. In a blog post, the company said that on July 4 it experienced a network intrusion that led to a breach of some of its customers’ data.

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Data Breach Breach Multifactor Authentication Credential 40

PYMNTS

APRIL 14, 2019

According to reports citing Microsoft, the company confirmed that a “limited” number of webmail users — including @msn.com and @hotmail.com — saw their accounts compromised by hackers. It also appears the bad guys didn’t access login credentials including passwords. Microsoft said affected users should change their passwords.

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Breach Accounts Credential Compromise 68

Finovate

JUNE 10, 2024

The capital will be used to expand the company’s solutions to help businesses investigate and defend themselves against cybercrime in general and account takeover fraud in specific. SpyCloud specializes in helping firms combat account takeover. Austin, Texas-based cybersecurity firm SpyCloud has raised $35 million in funding.

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Account Takeovers Credential Cybersecurity Breach 59

PYMNTS

AUGUST 17, 2020

CNN reported Canadian officials detected as many as 300,000 attempted attacks to access accounts. As a result of the breach, the CRA said more than 11,000 of 12 million personal accounts were compromised, including online portals accessing tax payer data and COVID-19 relief programs. The CRA plays multiple roles.

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Government Governance Data Breach Breach 65

The Fintech Times

DECEMBER 18, 2023

“A never-ending stream of data breaches combined with highly sophisticated and technical attacks means the stolen personal information available on the dark web is continuously replenished. Cybercriminals use that information to impersonate people in positions of authority.

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Cybersecurity Ransomware RDC Credential 139

Payments Source

NOVEMBER 19, 2017

Widespread data breaches have sparked a rise in account-takeover fraud using stolen consumer credentials, prompting merchants to crack down on suspicious purchases. But too many legitimate customers are getting caught in the process.

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Fintech News

JUNE 10, 2024

Akira affiliates gain initial access by exploiting vulnerabilities, brute-forcing services like Remote Desktop Protocol (RDP), social engineering, and using compromised credentials. Once inside, they create new domain accounts and escalate privileges using various tools. Employee education plays a critical role in cybersecurity.

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Ransomware Authorization Phishing Cybersecurity 101

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. Pirated Accounts. It could easily be credential stuffing,” Stuppy said. “It Rising Prices. That’s why this is such a difficult problem.

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Fintech News

JANUARY 17, 2024

With scams accounting for 54 percent of all cases, there’s a 200 percent increase in voice scams from the previous year. As banks transition to digital-first models, criminals exploit online vulnerabilities to open fraudulent accounts using synthetic IDs.

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PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. More than 90 percent of Americans have fallen victim to online scams, data breaches, identity theft or other forms of fraud, though certain varieties are more common than others.

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Phishing Data Breach Breach Scams 64

PYMNTS

JULY 13, 2020

Account takeovers (ATOs) are a growing source of pain for financial institutions (FIs) and their customers, with losses from these attacks rising 164 percent in 2018. FIs can struggle to detect such attacks because fraudsters provide the authentication details necessary to access the accounts. Understanding ATOs.

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Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

MAY 6, 2016

Usernames and passwords are being traded by the millions around Russia’s criminal underworld — evidence of one of the largest breaches in history. million stolen accounts have been identified — the majority of which belong to users of Mail.ru, Russia’s most popular email service. These credentials can be abused multiple times.”

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Compromise Accounts Request for Comment Credential 42

PYMNTS

AUGUST 19, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of QSR rewards programs and how credential stuffing and account takeovers are plaguing the industry. Chipotle is on the route to recovery after suffering setbacks due to food safety concerns, falling sales – oh, and an April data breach.

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Account Takeovers Data Breach Bots Credential 63

Fi911

FEBRUARY 29, 2024

The Importance of a VAR Sheet for Banks For banks, the VAR Sheet holds particular significance, offering a multitude of benefits: Risk Management: By detailing security measures and compliance protocols, the VAR sheet helps banks mitigate the risk of fraud and data breaches associated with payment processing.

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VARS Payment APIs and Integration Regulatory Compliance Gateways 68

PYMNTS

JANUARY 28, 2020

If they’re not grabbing stolen credentials off the Dark Web then they’re neck-deep in buyer-seller collusion, or the long con of keeping fake accounts in good standing … just enough to drain them and abscond. Try wrapping your mind around the price tag of the average corporate data breach at $3.92 million per incident.

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Data Breach Phishing Breach Bots 57

Clearly Payments

JULY 16, 2024

In 2023, CNP fraud accounted for 81% of all fraud losses in the retail sector, amounting to over $4.5 According to the Association of Certified Fraud Examiners (ACFE) , financial institutions account for 16.8% Insider fraud accounts for 15% of fraud losses in the financial sector, with an average loss of $200,000 per incident.

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Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

OCTOBER 28, 2019

UniCredit has revealed a data breach that leaked information belonging to three million customers from Italy, Reuters reported on Monday (Oct. The data leak did not include any financial information or the credentials required to access client accounts. When the breach was discovered last Thursday (Oct.

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Data Breach Breach Cybersecurity Credential 40

PYMNTS

JANUARY 27, 2021

Financial institutions (FIs) around the world are confronting these issues with numerous digital implementations , as 85 percent of banks are offering some form of digital account opening, for example. One study found that the use of malicious botnets to register false accounts increased by more than 70 percent in Q3 2019, for example.

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Innovation Security Bots Identity Theft 85

PYMNTS

JANUARY 27, 2020

Businesses have good reason to be concerned about data breaches. Cybercriminals’ accomplishments come at the expense of targeted businesses, with a recent study finding that individual data breaches cost firms around the globe an average of $3.92 million in 2019 — a 1.5 percent increase from 2018. Fighting the Phishers.

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Phishing Data Breach Breach Fraud Prevention 99

PYMNTS

JULY 30, 2019

The documents said Thompson accessed the data through a “misconfiguration” of a firewall on a web application. . Capital One revealed the massive data breach in a news release on July 29, 2019. The breach impacts about 100 million individuals in the United States and around 6 million in Canada.

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PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. A Lloyds Bank study found that this type of fraud has increased fivefold over the past year, accounting for up to 1 percent of all loan applications.

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Credential Data Breach Phishing Cybersecurity 94

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. But all the money in the world to secure an organization’s back office won’t necessarily help safeguard all company data. million business email compromise scam.

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PYMNTS

JANUARY 13, 2020

Worse by far are the massive consumer data breaches that continue flooding the Dark Web with fresh identities for sale – over four billion consumer records were exposed in the first half of 2019 – with no end in sight. By summer 2019, people were no longer fazed by headlines screaming about data breaches.

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