PYMNTS

APRIL 14, 2020

With the business email compromise (BEC) phishing attack a continuously growing threat for businesses large and small, organizations are exploring how strategic cybersecurity investments can protect them when bad actors attempt to steal company cash or redirect business payments.

Email Compromise 96

Email Compromise Compromise Business Email Compromise Phishing 96

FloQast

APRIL 30, 2024

Audit Report Deficiency : Inadequate audit reports compromise data integrity and operational efficiency, making it challenging to demonstrate compliance to external auditors. Conclusion: A Call to Action The challenges outlined above underscore the urgent need for organizations to address the pressures facing their compliance programs.

Compliance 105

Compliance Addressing Audit Risk 105

VISTA InfoSec

MARCH 13, 2025

4.0 , was released on March 31, 2022, introducing enhanced security measures to address evolving cyber threats. million accounts were leaked witnessing a 388% increase in compromised user accounts. Maintaining an information security policy: Establishing a documented security strategy. The latest version PCI DSS v.4.0

PCI DSS 165

PCI DSS Data Breach Breach Compliance 165

The Fintech Times

MARCH 28, 2025

TreviPay , the B2B payments and invoicing network, has launched advanced purchase controls to address pain points in the B2B purchasing process for its clients. ” The post TreviPay Unveils Advanced Purchase Controls to Enhance B2B Commerce Experiences appeared first on The Fintech Times.

B2B 64

B2B Reconciliation Duplicate Compromise 64

PYMNTS

NOVEMBER 30, 2020

The SEC put out various alerts over the entirety of the pandemic on the danger of the attacks, warning various sizes of businesses about ransomware attacks affecting broker dealers and investment advisors as well as credential compromises taking peoples' login information and exposing private information.

Business Email Compromise 116

Business Email Compromise Addressing Scams Ransomware 116

The Payments Association

DECEMBER 9, 2024

However, as payment services rely more heavily on these AI technologies, they face a growing challenge: how to harness the power of LLMs without compromising data privacy. Payment data is inherently vulnerable because its compromise can have significant financial and personal consequences for consumers. billion euros in fines.

Privacy 88

Privacy AI Payment Security Security 88

PYMNTS

MAY 5, 2020

As hundreds of millions of consumers stay sheltered in place, there’s been an increasing need for Melissa’s core offerings, tied to address verification and data matching, that ensure people reside where they say they do. Now, he said, verification stands as a “preliminary step — and it’s a basic building block of trust.

Addressing 77

Addressing Verification Checks Blocks 77

Fintech News

FEBRUARY 2, 2025

By addressing the opportunities and challenges posed by these innovations, Pathway 2035 sparks the dialogue for progress without compromising security or trust. Origins and Collaborative Development Pathway 2035 builds on the BIS working paper Finternet: The Financial System for the Future , co-authored by A.

Innovation 131

Innovation Finance AI Encryption 131

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

Fintech News

OCTOBER 21, 2024

Tookitaki’s platform, FinCense, uses AI to help institutions detect and address financial crime more effectively. Both platforms utilise federated learning, allowing for shared insights without compromising data privacy.

Financial Crimes 136

Financial Crimes Security Crime Cross-Border Payments 136

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

VISTA InfoSec

JUNE 27, 2024

Upon investigation, it was revealed that personal information such as student names, addresses, dates of birth, and potentially other sensitive details had been compromised. are expected to provide updates on their efforts to address the breach and safeguard student data. As the situation unfolds, LAUSD and Snowflake Inc.

FBI 130

FBI Breach MFA Cybersecurity 130

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Regularly patch and update software to address known vulnerabilities. SWIFT CSCF v2024 key objectives and principles Below are the 3 key objectives and 7 principles, as defined in the updated SWIFT CSP framework.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

VISTA InfoSec

OCTOBER 21, 2024

2) Hierarchical Deterministic (HD) Wallets HD wallets protect your coins by generating a new public address for each transaction. The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Compromise 162

PYMNTS

FEBRUARY 1, 2021

40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. Cybercriminals are using the tactic to steal company credentials, including executive email addresses, which are then sold on the dark web.

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Compromise 98

Compromise Debit Card Scams Smishing 98

VISTA InfoSec

JUNE 7, 2024

Implicit trust and the abundance of vulnerabilities in outdated security systems can lead to exposed IP addresses, the proliferation of spyware and other malware, and other security risks. However, working predominantly or even exclusively through the internet also poses copious security risks to both individuals and companies.

Micro-Entry 162

Micro-Entry Data Breach Breach Cybersecurity 162

Stax

JANUARY 23, 2025

Speed vs. accuracy: Streamlining processes without compromising due diligence. Addressing historical issues: Merchants with past chargebacks, disputes, or poor credit histories may struggle to gain approval and need to demonstrate improvements. These tools can provide detailed insights into merchant behavior and risk levels.

Underwriting 68

Underwriting PCI DSS Processors Money Laundering 68

PYMNTS

JANUARY 14, 2020

But for many service providers, achieving one can often mean compromising the other. But cloud migrations are often complex, particularly when it comes to remaining compliant with the mounting regulatory initiatives designed to address growing security risks in the financial services arena. Greater Security Without Compromising UX.

Security 101

Security PCI DSS Compromise Service Provider 101

Finovate

MARCH 31, 2025

“By addressing common challenges or slowdowns in the ordering processes, we’re helping our clients minimize the strain on A/R teams and grow their business, without compromising the quality of the buying experience.”

B2B 59

B2B Reconciliation Online and Mobile Banking Small Business 59

PYMNTS

FEBRUARY 12, 2020

As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses. billion (or slightly over half) of all losses tracked in 2019.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

VISTA InfoSec

JULY 29, 2024

2) Hierarchical Deterministic (HD) Wallets HD wallets protect your coins by generating a new public address for each transaction.Thiscan make it more difficult for hackers to trace transactionsbackto you. Recoveryis often facilitatedthrough mnemonic phrases or backup seeds that you can use to restore access to the wallet.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

The Payments Association

MARCH 17, 2025

Secondly, developing a tailored conduct risk framework allows firms to address specific risks in their business and prepare for the eventualityto fail to prepare is to prepare to fail. Improving efficiency and coordination between regulatory bodies has been identified by some as a way to address these concerns.

Regulations 88

Regulations Risk Stablecoins Payments 88

Fintech News

OCTOBER 15, 2024

Over the last three months, Sumsub’s technology has helped HashKey address onboarding delays by automating its verification procedures for its 600,000 registered users. This has allowed HashKey to enhance its user verification process without compromising on regulatory requirements.

Verification 111

Verification Fraud Detection Money Laundering Compliance 111

Fintech News

MARCH 21, 2024

The integration addresses the escalating demand for secure cashless transactions in Japan and beyond. SEON’s scalable solution mitigates fraud attempts without compromising the speed and ease of PayLabo’s payment processes. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 111

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 111

PYMNTS

JUNE 24, 2020

Twitter apologized to business clients after a recent breach potentially left some phone numbers, email addresses and partial credit card numbers exposed. The company said there was no way to tell exactly how many had been affected, but it seemed billing data had not been compromised. PYMNTS reported that around one in 10 U.K.

Breach 115

Breach Data Breach Law Enforcement Database 115

VISTA InfoSec

SEPTEMBER 5, 2024

In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. These tactics can have destructive effects on an organization, leading not only to financial losses but also to a compromise of client trust and brand reputation.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. These tactics can have destructive effects on an organization, leading not only to financial losses but also to a compromise of client trust and brand reputation.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Regularly patch and update software to address known vulnerabilities. SWIFT CSCF v2024 key objectives and principles Below are the 3 key objectives and 7 principles, as defined in the updated SWIFT CSP framework.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

Segpay

NOVEMBER 20, 2024

However, pressing concerns about privacy and fraud by cybercriminal networks must be addressed. This multi-modal approach ensures that even if one fingerprint is compromised, the system is still secure. These systems provide an added layer of security, ensuring that even if one method is compromised, the others stay intact.

Security 98

Security Technology Privacy Compromise 98

PYMNTS

JANUARY 3, 2021

The intruder or intruders did not, T-Mobile stated, have access to “names on the account, physical or email addresses, financial data, credit card information, social security numbers, tax ID, passwords, or PINs.”. “We T-Mobile previously suffered a data breach in March.

Law Enforcement 85

Law Enforcement Compromise Data Breach Phishing 85

Stax

DECEMBER 12, 2024

They feature built-in fraud protection tools such as tokenization, CVV verification, 3D Secure (3DS), and IP address monitoring. Decide how much youre willing to spend per transaction to avoid compromising your budget. Payment gateways integrate with eCommerce platforms to create a secure, customizable checkout experience.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

Fintech News

JANUARY 2, 2024

Additionally, the ‘Kill Switch’ feature has been introduced, allowing users to swiftly suspend their entire account in case of suspected compromise. Now with the enhanced limits, it addresses a key pain point for our users who were previously curtailed by the lower caps.”

Caps 107

Caps Multi-Currency Transaction Limits Scams 107

PYMNTS

SEPTEMBER 15, 2019

A massive data breach has compromised the records of 198 million car buyers. It was clear that this was a compilation of potential car buyers wanting more information,” Fowler said, telling Forbes that the data included “loan and finance inquiries, vehicles that were for sale, log data with IP addresses of visitors, and more.”. “It

Data Breach 83

Data Breach Breach Database Addressing 83

PYMNTS

AUGUST 3, 2020

According to the Irish Examiner , Irish businesses are now urged to use caution when making payments to suppliers after several instances of the vendor email compromise scam emerged. Criminals reportedly mimicked email addresses from personnel at legitimate suppliers and requested payments on invoices be made into a new account.

B2B 131

B2B FPC Scams Email Compromise 131

Fi911

MAY 7, 2024

Consequences of Being Added to the TMF The effects of being listed on the TMF are extensive and can severely compromise a business’s operations. By taking these steps, businesses can protect themselves and ensure their ability to accept credit card payments is not compromised. The post What is the Terminated Merchant File?

PCI DSS 92

PCI DSS Processors Compromise Identity Theft 92

Clearly Payments

JANUARY 12, 2024

Isolate and Secure the Affected System Immediately isolate any compromised systems or payment terminals to prevent further unauthorized access. Inform Cardholders If you have identified specific compromised accounts or transactions, contact the affected cardholders as soon as possible.

Credit Cards 105

Credit Cards Law Enforcement Card Issuer PCI DSS 105