Fintech News

OCTOBER 28, 2024

The project reached proof of concept by automating compliance procedures, addressing a critical challenge faced by global financial systems: the need to adhere to multiple regulatory standards across jurisdictions. We are optimistic about the potential of these early results to enhance cross border payments.”

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Cross-Border Compliance Automation Cross-Border Payments 120

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

PYMNTS

SEPTEMBER 30, 2019

companies via the Business Email Compromise scam, reports in The East African said last week. Through Operation reWired, we are sending a clear message to the criminals who orchestrate these Business Email Compromise schemes that ‘I will keep coming after you, no matter where you are.’”.

Email Compromise 56

Email Compromise FBI Compromise Business Email Compromise 56

VISTA InfoSec

MAY 23, 2024

This guide addresses both preventive and mitigative actions. These storage resources can be compromised and lead to data leaks similar to the unsecure S3 bucket of THSuite reported in 2020. Threat actors can compromise these and render passwords and other secrets useless.

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Compromise Database Best Practices Shutdown 288

FICO

AUGUST 31, 2017

While data breaches and ransomware grab the headlines, we’re still seeing fraud growth due to ATM compromises in the US. The number of POS device and ATM compromises rose 21 percent in the same period. As criminals try to beat the system, we are continually adapting the predictive analytics we use to detect compromises.

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Compromise ATM Continuity Card Issuer 74

PYMNTS

MAY 14, 2019

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC. Hackers obtained names, addresses and contact details for the customers.

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Compromise Accounts FBI Law Enforcement 65

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 127

Financial Crimes Security Crime Cross-Border Payments 127

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

PYMNTS

JUNE 19, 2017

The company believes that exposure of cardholder data that could be used to create counterfeit cards – including names, addresses, emails and Social Security numbers – was limited, but some credit card numbers may have been compromised. The breach may affect users who paid via credit card at affected Buckle store locations between Oct.

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Compromise Credit Cards Card Issuer CHIPS 63

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.

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FBI Breach MFA Cybersecurity 130

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.

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Cryptocurrency Multifactor Authentication MFA Compromise 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.

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Security Phishing Ransomware Risk Assessment 130

PYMNTS

NOVEMBER 21, 2016

According to a report by TechCrunch , roughly two-thirds of Three UK’s customers have had their information compromised after hackers were able to get an employee login and access to the network. The company said the data accessed by the hacker(s) included names, phone numbers, addresses and dates of birth. Three has around 8.8

Compromise 74

Compromise Crime Breach Data Breach 74

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.

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Compromise Scams Debit Card Smishing 98

PYMNTS

APRIL 5, 2018

Meanwhile, Delta Air Lines told Reuters that it was a small number of customers that had their data exposed in the compromise. Sears and Delta are the latest retailers or consumer-facing companies that disclosed compromises in recent weeks. Web visitors, for example, could search by phone number or email address.

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Compromise Breach AI Data Breach 44

PYMNTS

FEBRUARY 1, 2019

An Indian web system — used to mark attendance for government workers, which records names, photos and unique Aadhaar numbers — was easily compromised, and led to the access of private information for thousands of workers, reports showed. . The system is for workers in the state of Jharkhand, and it hasn’t been password protected since 2014.

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Compromise Breach Database Social Security 40

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.

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Verification Fraud Detection Money Laundering Compliance 104

PYMNTS

MARCH 15, 2017

According to Reuters , the vulnerabilities addressed had the potential to allow hackers to have control over the databases and business applications utilized by large global firms. From there, attackers could potentially compromise the system without even needing a username or password.

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Addressing Security Database Compromise 49

PYMNTS

AUGUST 10, 2016

That could be the case with 12 health care payers, who are at risk of being hacked after a health care vendor was compromised. Health care companies hold the keys to a lot of sensitive consumer data, and a hack of that data could open up a can of worms.

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Compromise Risk Payer Enrollments 40

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.

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Micro-Entry Data Breach Breach Cybersecurity 162

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?

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PCI DSS Processors Compromise Identity Theft 92

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.

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Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 105

Neopay

AUGUST 22, 2024

The proposed changes don’t address the role of social media platforms, where 60% of APP fraud originates,” said Riccardo Tordera-Ricchi, head of policy at The Payments Association. What is lacking in these proposed changes is accountability for social media platform where a huge percentage of fraud takes place.

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Rules Treasury Push-to-Card Regulations 52

PYMNTS

NOVEMBER 2, 2018

ZDNet noted Radisson Hotel Group said no financial data or passwords were impacted by the breach.

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Breach Compromise Data Breach Privacy 57

The Fintech Times

APRIL 11, 2024

The main phishing attacks identified in the report include malicious URLs, malware or ransomware attachments, and compromised account infiltrations. Repercussions extend beyond financial losses, significantly impacting individuals within organisations.

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Phishing Cybersecurity Compromise Ransomware 67

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.”

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Caps Multi-Currency Transaction Limits Scams 105

The Fintech Times

SEPTEMBER 25, 2024

By enabling tenants to manage rent in smaller, monthly payments, the RNPL Marketplace addresses a long-standing challenge in Dubai’s rental market – the large upfront costs of securing a lease. This initiative also provides an entirely digital experience, from searching for properties to finalising agreements.

Debit Card 62

Debit Card Payments Compromise Breach 62

The Fintech Times

OCTOBER 25, 2024

The advanced security capabilities embedded within this solution include data encryption, isolation of customer environments, embedded Hardware Security Modules with the highest security certification, and a versatile governance framework that removes single points of compromise and helps mitigate the risks associated with malicious actors.

Data Encryption 57

Data Encryption On-Demand Encryption Compromise 57

VISTA InfoSec

OCTOBER 25, 2023

Choose between a qualitative or quantitative approach: Qualitative Method : Dive into diverse scenarios and address hypothetical inquiries to identify risks. and test environments (used for testing updates or new applications), would cause minimal disruption to an organization’s operations if compromised.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

PYMNTS

JUNE 23, 2020

Twitter has issued an apology to its business clients acknowledging that personal information may have been compromised, the BBC reported. It was possible others could have accessed personal information such as email addresses, phone numbers and the last four digits of clients’ credit card numbers. “We We’re very sorry this happened.

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Data Breach Breach Compromise Credit Cards 61

Seon

JUNE 24, 2024

These tactics pose a significant threat, potentially leading to infiltration into financial systems or other mission-critical data, compromising sensitive information and causing economic losses. 3 Technological Innovations to Mitigating Identity Risks In today’s digital-heavy era, addressing identity-related risks requires better technology.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

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 82

Credit Cards Law Enforcement Card Issuer PCI DSS 82

PYMNTS

JULY 8, 2019

Information Commissioner’s Office ( ICO ) has fined British Airways over £183m for a data breach involving the theft of more than half a million users’ data, including login info, card information, names, addresses and booking information, according to a report by The Guardian.

Compromise 43

Compromise Breach Data Breach Privacy 43

PYMNTS

DECEMBER 20, 2019

17), a list of 1,562 Ring passwords and unique email addresses were uploaded to an unknown dark web text-sharing website, according to reports. A security researcher found the passwords and email addresses on the dark web were all associated with Ring’s smart security video doorbell passwords. On Tuesday (Dec.

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Law Enforcement Addressing Compromise Data Breach 52

PYMNTS

OCTOBER 10, 2017

“Sometimes, what I think happens to all of us as consumers is that you have a need, but because you don’t see who can actually meet your requirements; you compromise and look for other products and solutions. Newcomers in the market, like Contis, are addressing those gaps and presenting new opportunities for business customers, the CEO said.

Addressing 49

Addressing Cross-Border Faster Payments On-Demand 49

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.

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Law Enforcement Compromise Data Breach Phishing 85

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