Fintech Finance

NOVEMBER 6, 2024

Tighter Security: By offering biometric authentication, payment passkeys eliminate the risk of passwords being stolen or compromised, protecting shoppers from fraud and scams. More Sales: Merchants reduce cases of cart abandonment as they make customer transactions faster, easier and more reliable.

Visa 93

Visa APACS Transactions Authentication 93

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.

Breach 68

Breach Accounts Credential Compromise 68

PYMNTS

JULY 24, 2020

In a post on its website, Instacart said its investigation concluded the San Francisco-based company was not compromised. Instead, Instacart said hackers used credential stuffing, a practice in which usernames and passwords stolen from other sites are used to hack into other accounts. “It

Accounts 75

Accounts Compromise Data Breach Phishing 75

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. Change passwords and access credentials for the affected systems to prevent continued unauthorized activity. Here are specific steps to take if a credit card fraud incident occurs.

Credit Cards 82

Credit Cards Law Enforcement Card Issuer PCI DSS 82

PYMNTS

JUNE 6, 2019

It showed how the scam uses two new tools, Muraena and NecroBrowser, to potentially trick users into sharing their private credentials. Once it has the victim on the fraudulent site, the user is asked to enter their login credentials, as well as their 2FA code.

Scams 58

Scams Credential Security Phishing 58

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

Seon

JUNE 24, 2024

Still, the pursuit can be defined as endeavors that ensure secure and reliable digital identity management, including preventing unauthorized access to sensitive information, such as login credentials, PII and financial information.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Fi911

JULY 8, 2024

Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes. As we addressed before, acquirers have a vested interest in helping merchants with this challenge.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

PYMNTS

MAY 16, 2019

By contrast, what hackers reportedly call “dumps” – that is, “card data swiped from compromised retail stores, hotels and restaurants with the help of malware installed on point-of-sale systems,” according to the report – generally go for $15 to $20 per card. Hackers obtained names, addresses and contact details for the customers.

Breach 87

Breach Data Breach Credential Credit Cards 87

PYMNTS

OCTOBER 13, 2016

Apparently all such devices offer an excellent place to do mass tests of stolen login credentials, according to research from Akamai Technologies Inc. There is even a name for this type of hacking: “credential stuffing campaigns.”. There is even a name for this type of hacking: “credential stuffing campaigns.”.

Credential 77

Credential Compromise Mitigation Research 77

PYMNTS

AUGUST 31, 2017

A spambot computer program, which collects email addresses to send out spam messages to consumers, has exposed 711 million email addresses and a number of passwords. which allows people to enter their email address or username to see if they have been compromised. That data appeared for sale on the dark web in May 2016.

Data Breach 51

Data Breach Breach Addressing Cybersecurity 51

PYMNTS

DECEMBER 19, 2019

Linked Analysis uses data points across the individual, card, device IP and departments within the institution to get a 360-degree view of whether a member is conducting legitimate business or has been compromised. We are able to put strategies in place right now, before the attack becomes a broad compromise,” Lynch said.

Credit Union 53

Credit Union Compromise Credential Bots 53

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. Yet, how can banks protect against identity theft and application fraud with so many details compromised? Fraud is rampant and thriving. Inverting the Fraud Approach.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

EBizCharge

OCTOBER 25, 2023

An incident is only considered a data breach if the confidentiality of data is compromised. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. These breaches can have devastating consequences, both financially and in terms of reputation.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

PYMNTS

DECEMBER 12, 2018

The company notified its DD Perks rewards account holders that their information might have been compromised by a hacker. The city of Bakersfield, Illinois, for example, recently disclosed that cybercriminals had compromised the third-party website Click2Gov, used to process residents’ utility and municipal payments.

Data Breach 66

Data Breach Faster Payments Payments Breach 66

PYMNTS

JUNE 6, 2016

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. Regardless of the source, this is compromised data that belongs to them.”.

Data Breach 42

Data Breach Breach Identity Theft Compromise 42

PYMNTS

DECEMBER 7, 2020

Business email compromise (BEC) scams continue to ravage company coffers. IBM researchers Claire Zaboeva and Melissa Frydrych said the aim of the attack "may have been to harvest credentials to gain future unauthorized access," possibly with an intent to obtain information into vaccine distribution strategies.

Business Email Compromise 91

Business Email Compromise Scams Crime Email Compromise 91

PYMNTS

DECEMBER 14, 2016

KFC reportedly only found 30 accounts that were compromised so far. million users to change their passwords and are also reminding anyone who has reused a password and email address combination to change those as well. Even though it may not result in a massive breach, KFC did sent out emails to its 1.2

Risk 77

Risk Breach Credential Database 77

PYMNTS

JUNE 25, 2018

It’s much more straightforward for a criminal to compromise someone’s payment account that could be linked to a credit card than for them to try to steal or gain access to use that credit card,” Endler said, adding that the tools that make these attacks possible are “accessible to people who don’t necessarily have a lot of technical acumen.”.

Account Takeovers 46

Account Takeovers Breach Compromise Payments 46

PYMNTS

MARCH 6, 2020

Companies that offer APIs must have authentication measures in place — such as those requiring legitimate users’ to present credentials, or “API keys” — before granting access to them. . Hackers may try to use brute force to beat authentication measures, automatically plugging different credentials into logins until they are granted access.

API 52

API Authentication Security Payment APIs and Integration 52

PYMNTS

JANUARY 16, 2020

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. Attackers also turn to developing fraudulent portals to compromise professionals’ email credentials, for example. A Sophisticated Attack.

Business Email Compromise 44

Business Email Compromise Security Scams Email Compromise 44

PYMNTS

OCTOBER 28, 2019

The Italian bank indicated that a 2015 file containing customers’ names, addresses, emails and phone numbers was compromised. The data leak did not include any financial information or the credentials required to access client accounts. In the past three years, UniCredit has spent €2.4 billion ($2.7

Data Breach 40

Data Breach Breach Cybersecurity Credential 40

PYMNTS

APRIL 17, 2018

Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more. The company has filed for more than 35 patents in blockchain technology.

Blockchain 52

Blockchain Visa Credential Blocks 52

PYMNTS

JANUARY 27, 2020

Phishing attempts threaten many firms’ security operations, often tricking employees into revealing email addresses, login credentials, passwords or other sensitive details. One notable phishing attack occurred in 2015, when healthcare giant Anthem suffered a breach that compromised more than 80 million patient records.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

PYMNTS

JULY 9, 2018

” The data that was breached includes names, email addresses and some of its customers’ phone numbers. Timehop did share that certain keys, which allow the app to read and display customers’ social media posts, were also compromised; the company subsequently deactivated the keys so they can no longer be used.

Data Breach 40

Data Breach Breach Multifactor Authentication Credential 40

PYMNTS

AUGUST 24, 2020

The business email compromise (BEC) scam continues to rear its ugly head at the enterprise, with the global pandemic creating even more avenues through which cyber attackers can steal company money. At the heart of BEC and other scams is impersonation.

Deepfake 61

Deepfake Business Email Compromise Scams Multifactor Authentication 61

PYMNTS

APRIL 5, 2019

Thus, they craft missives that seems friendly, even familiar, lulling victims with e-mail addresses that may even be, on first or second glance, legit. Education from FIs has been key, noted Arruda, who added that warnings from banks and credit unions has increased awareness about various scams including business e-mail compromises.

FBI 50

FBI Credit Union Credential Cybersecurity 50

PYMNTS

APRIL 26, 2016

When we find Spotify credentials, we first verify that they are authentic, and if they are, we immediately notify affected users to change their passwords.” The outlet additionally reports that none of the alleged hacking victims with whom it spoke reported to have been contacted directly by Spotify to address the issue.

Breach 40

Breach Security Credential Compromise 40

PYMNTS

MAY 31, 2018

The right data can create a profile so precise that algorithms can immediately tell the difference between a legitimate customer and a fraudster who is holding all the right credentials to pose as the person, just by detecting behavioral attributes like cursor movements and clicking habits. Staunching the Data Breach Wound.

ATM 43

ATM Consumer Data Breach Credential 43

PYMNTS

OCTOBER 15, 2018

It’s a twist on the business email compromise (BEC) scam that typically involves scammers emailing business owners and seeking payment via wire transfer, ACH or paper check. Researchers advised small business owners to not download any email attachments from an unnamed address. “This is a scam, pure and simple.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

DECEMBER 1, 2016

But what if a new technology could help safeguard and protect sensitive information, from emails and login credentials to bank accounts and other financial information? Whether it’s been the leaked emails of a major political candidate, massive security breaches from major companies like Yahoo and Dropbox or even the hacking of a U.S.

Blocks 62

Blocks Blockchain Compromise Bitcoin 62

The Fintech Times

JULY 30, 2024

To get ahead, businesses should invest in new AI-driven defenses and develop the skills needed to address the emerging risks and opportunities presented by generative AI.” Other key findings in the 2024 Cost of a Data Breach Report At 16 per cent, stolen/compromised credentials was the most common initial attack vector.

Data Breach 58

Data Breach Breach AI Law Enforcement 58

PYMNTS

APRIL 24, 2018

When someone becomes a victim of ATO, they lose more than money and login credentials — they lose confidence. First, these attacks can have a rolling effect: Once a fraudster gains access to a consumer’s credentials at one eCommerce merchant, he holds the key to a potential myriad of other digital stores at which to exploit them.

Breach 50

Breach Bots Credential Data Breach 50

PYMNTS

JANUARY 24, 2020

Phishers targeting DocuSign are typically after users’ credentials, such as usernames, passwords and other identifying information, according to Heath. The first consists of links to fraudulent websites, inviting users to enter their usernames, passwords or other credentials. Tracking Phishers’ Angles.

Phishing 52

Phishing Credential Best Practices Data Breach 52

PYMNTS

OCTOBER 26, 2016

From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks. Going Beyond PCI. Covering All The (Data) Bases.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

PYMNTS

FEBRUARY 14, 2019

One need only scan the headlines of recent breaches to see the damage done, with hundreds of millions of individuals’ data compromised, and untold billions of dollars’ worth of financial havoc wreaked. Kilb stated that the process marries a series of defenses against fraudsters, where credentials are part of the picture.

Authentication 60

Authentication Transactions Online and Mobile Banking Credential 60