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

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.

Compromise 65

Compromise Accounts FBI Law Enforcement 65

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.”

Cross-Border 106

Cross-Border Compliance Cross-Border Payments Automation 106

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

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

Fintech News

DECEMBER 10, 2024

This initiative, developed in partnership with Rhino Health and Capgemini , aims to address the limitations of conventional fraud detection methods, which often struggle to keep pace with sophisticated criminal tactics that span multiple institutions and countries.

SWIFT 89

SWIFT AI Innovation Fraud Detection 89

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 Scams Debit Card 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

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

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 111

Financial Crimes Security Crime Cross-Border Payments 111

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 141

Cryptocurrency Multifactor Authentication MFA Compromise 141

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

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

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

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. Hackers were able to gain entry by compromising a customer support agent’s credentials, Microsoft said in the letter.

Breach 68

Breach Accounts Credential Compromise 68

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

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

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

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) 90

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 90

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 91

PCI DSS Processors Compromise Identity Theft 91

PYMNTS

JULY 24, 2020

In a post on its website, Instacart said its investigation concluded the San Francisco-based company was not compromised. It appears that third-party bad actors were able to use usernames and passwords that were compromised in previous data breaches of other websites and apps to login to some Instacart accounts,” Instacart wrote. “In

Accounts 75

Accounts Compromise Data Breach Phishing 75

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

FEBRUARY 1, 2019

“We do not believe that any passwords were compromised because we do not actually store passwords, except in a one-way encrypted form that is salted uniquely per user,” the company wrote.

Data Breach 80

Data Breach Breach Law Enforcement Encryption 80

Fintech Finance

DECEMBER 10, 2024

The Trustfull platform addresses these challenges by offering open-source intelligence insights and real-time analysis on user contact details and location, enabling BNPL businesses to accurately differentiate between legitimate customers and high-risk applicants.

Fraud Prevention 60

Fraud Prevention BNPL Addressing Compromise 60

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 93

Caps Multi-Currency Transaction Limits Scams 93

PYMNTS

JULY 13, 2020

But the two men got that wealth, allegedly, from a business email compromise (BEC) scheme, where they gained access to legitimate email accounts and then tricked the company’s employees into sending money to the scammer’s email account. They reportedly transferred $6.5 million into 1,500 BTC, Cointelegraph wrote.

Business Email Compromise 86

Business Email Compromise FBI Bitcoin Email Compromise 86

VISTA InfoSec

FEBRUARY 13, 2024

These threats are widespread and can also lead to severe consequences, including financial loss, and the compromise of personal and sensitive data. Developers typically release updates to address any new threats they identify, which makes it crucial for organizations to apply these updates promptly.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 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 86

Security Technology Privacy Compromise 86

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.

Data Breach 61

Data Breach Breach Compromise Credit Cards 61

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 86

Credit Cards Law Enforcement Card Issuer PCI DSS 86

The Fintech Times

JUNE 3, 2024

Using an organisation as an unwitting Trojan Horse is far easier than directly compromising a major company with a fully staffed Security Operations Center and several layers of security controls. Organisations are still addressing the repercussions of the breach, with projected costs exceeding $65billion.

Third Party Vendors 111

Third Party Vendors Cybersecurity Breach Risk Management 111

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 89

Verification Fraud Detection Money Laundering Compliance 89

PYMNTS

JANUARY 25, 2021

The data leaked included names, email addresses, phone numbers, bank account details and tax ID numbers, the report stated. No user funds have been compromised in the attack. Other reports, however, show only leaked information of 161,487 of the exchange’s users, noted Cointelegraph, citing BleepingComputer.

Government 104

Government Governance Bitcoin Cryptocurrency 104

PYMNTS

JANUARY 13, 2020

That means the vast majority of businesses are at risk for an array of cybersecurity incidents, including the Business Email Compromise (BEC), which often sees fraudsters spoofing legitimate email addresses from vendors, and sending seemingly real requests for payment.

B2B 89

B2B Wire Transfer Cybersecurity FBI 89

PYMNTS

OCTOBER 17, 2018

The SEC’s investigations focused on “business email compromises” (BECs), where criminals posed as company executives or vendors and used emails to trick employees into sending large sums to fraudulent bank accounts. The activity sometimes lasted months and was often only discovered after law enforcement or other third parties got involved.

Cybersecurity 76

Cybersecurity Email Compromise Law Enforcement Business Email Compromise 76