PYMNTS

SEPTEMBER 11, 2017

consumers and potentially compromised the credit card numbers of approximately 209,000 people. According to Equifax, the impacted information includes names, Social Security numbers, birthdates, addresses and, in some instances, drivers’ license numbers. consumers, putting them at risk of identity theft.

Database 66

Database Breach Identity Theft Data Breach 66

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Synthetic Fraud Synthetic fraud occurs when criminals create fictitious identities by combining real and fake information, such as using a real Social Security Number with a fake name and address.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

PYMNTS

DECEMBER 20, 2019

Wawa is getting in touch with customers and offering free credit card monitoring, as well as identity theft protection, to anyone who has been affected. The cyber thief got users’ names, billing addresses, phone numbers, account numbers and plan information. Fuel payments and in-store purchases were affected, but not ATMs.

Data Breach 52

Data Breach Breach Identity Theft Credit Cards 52

PYMNTS

OCTOBER 29, 2018

Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards and stolen personal data, and even houses and other physical locations. This type of fraud prevention relies on “identifying anomalies compared to normal behavior,” he said.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. By addressing these issues, organizations can strike a balance between reaping the benefits of biometric technology and protecting individuals’ privacy.

Privacy 130

Privacy Compliance Legal Best Practices 130

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

PYMNTS

AUGUST 27, 2018

To help address emerging risks facing consumers, The Allstate Corporation said it has agreed to buy identity protection provider InfoArmor, Inc. Consumers are increasingly at risk of having their digital identities compromised,” Allstate Chairman, President and CEO Tom Wilson said in the announcement.

Identity Theft 40

Identity Theft Acquirers Crime Compromise 40

PYMNTS

DECEMBER 27, 2019

The stores affected reach from Pennsylvania to Florida, and fuel dispensers were compromised, but not ATMs. In response to the breaches, Wawa is offering free credit monitoring and identity theft prevention help. The company said the police are involved and a forensics team is working on an investigation internally.

Data Breach 52

Data Breach Breach Identity Theft Debit Card 52

VISTA InfoSec

SEPTEMBER 15, 2023

For addressing a medical emergency posing a threat to the life of the Data Principal or another individual. Conclusion: The DPDP Act is a necessary response to the increasing threat of cyber-crimes and identity thefts. Scenarios encompassed under Legitimate Uses: For data willingly offered by the Data Principal.

Data Breach 130

Data Breach Breach Governance Government 130

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

JUNE 3, 2020

Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle. Those customers have been seeing an uptick in BEC fraud, identity theft and synthetic ID schemes, and in some cases the bad actors have been trying to siphon off funds from the Paycheck Protection Program (PPP).

Business Email Compromise 71

Business Email Compromise Email Compromise Real Time Payments Authentication 71

PYMNTS

APRIL 15, 2019

The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200. They then sent malicious emails from these addresses to the compromised contact lists. Attorney Justin E. Herdman of the Northern District of Ohio.

Money Laundering 51

Money Laundering Wires Wire Identity Theft 51

PYMNTS

FEBRUARY 6, 2018

He noted that in all the news reports detailing the ravages of identity theft, one thing is notably missing: A list of free services – from the government and elsewhere – that can help individuals monitor whether they have been compromised and how to protect themselves. Data Point Number Two: 15.4 million Hours.

Identity Theft 48

Identity Theft Social Security Addressing Consumer 48

PYMNTS

MARCH 12, 2018

By not disclosing the fissure in its cybersecurity defenses sooner, the company increased the risk of identity theft for those who were impacted — not to mention the countless customers who had to freeze their credit and spend money on monitoring and protection services. Back in Oct.

Breach 40

Breach Identity Theft Data Breach Cybersecurity 40

PYMNTS

JUNE 27, 2016

Reuters reported late last week that Peter Locsin, of Talisay City, Philippines, is believed to be behind a cybercrime scheme to compromise the accounts of several well-known individuals at three financial institutions. A spokesman for U.S.

Payments Data 40

Payments Data Identity Theft Wire Transfer Compromise 40

Seon

JUNE 27, 2024

As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. Find Out More The use of AI in fraud is not limited to the digital space; it extends to financial crimes, money laundering, identity theft and other illicit activities.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? Make sure the email is coming from who you think it’s coming from, that the domain name on the email address is correct. If you get an email with a link, check it out, and don’t click it until you’re sure.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

Deepfake 100

Deepfake APACS Scams Authentication 100

PYMNTS

AUGUST 26, 2019

She also contends that the access was permissioned and not identity theft as Worden alleges in the complaint against her. If you ignore the previous rule, don’t do it from a computer on the space station — because when someone traces the access records to the account, one IP address labeled “NASA” is really going to be a dead giveaway.

Micro-Entry 83

Micro-Entry Identity Theft Disputes Authentication 83

FICO

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? Make sure the email is coming from who you think it’s coming from, that the domain name on the email address is correct. If you get an email with a link, check it out, and don’t click it until you’re sure.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

PYMNTS

OCTOBER 30, 2017

According to John Krebs, manager of the identity theft program at the Federal Trade Commission (FTC), the situation between the good guys who are trying to protect the systems and the bad guys who are trying to break into and exploit them will always be very asymmetrical. Known Unknowns.

Identity Theft 69

Identity Theft FTC Account Takeovers Phishing 69

PYMNTS

DECEMBER 23, 2019

In synthetic identity theft, she explained, the fraudster is still pretending to be someone they are not, but the difference is that they aren’t so much imitating an existing person as creating one. The entire ecosystem is seeing this is an ongoing and growing problem that needs to be addressed,” said Townsley-Solis.

Social Security 52

Social Security Identity Theft Wire Transfer Security 52

PYMNTS

JUNE 1, 2016

With clients ranging from big banks and credit issuers to lenders and companies across the communications industry, XOR Data Exchange says it has helped address specific problems such as small business credit risk, small business fraud, digital money transfer fraud, and, most recently, compromised identity theft.

Compromise 40

Compromise Privacy Risk Assessment Breach 40

PYMNTS

NOVEMBER 6, 2017

Yet those nine numbers have become a standard bearer for identity verification, a gold mine for fraudsters – maybe rendered moot by the huge breaches at Equifax and other companies. After all, your very name, address, telephone number, maiden name and so on are all ticking time bombs, putting you at risk for identity theft.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

Clearly Payments

JANUARY 8, 2024

This can include stolen credit card information, identity theft, or fraudulent transactions. Implementing effective chargeback management practices is essential to minimize their occurrence and address disputes promptly. Excessive chargebacks can lead to financial losses and damage a merchant’s reputation.

Risk Management 67

Risk Management Risk PCI DSS Process 67

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 application , which was originally filed in September 2017 and was released by the U.S.

Visa 52

Visa Blockchain Credential Blocks 52

FICO

JANUARY 13, 2020

While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., Stakeholders point to the need for reforms to address currency transactions and suspicious activity reporting as well as a manageable approach to identifying beneficial owners of accounts.

AML 52

AML Authentication Finance OCC 52

PYMNTS

JANUARY 9, 2019

The large number of data breaches that occurred in 2018 gave fraudsters access to a vast library of stolen information, from email addresses to Social Security numbers. According to Siddiqui, this technology has become so integral for Neiman Marcus’ fraud detection system that the company will be making upgrades to it in the near future.

Fraud Detection 43

Fraud Detection Data Breach Account Takeovers Breach 43

Stax

AUGUST 20, 2024

Financial institutions and their partners must have data security standards in place to avoid getting compromised. They also need to have data-sharing agreements in place to address data-handling issues. This helps determine who is responsible for addressing any data privacy concerns and avoiding cyber-attacks and identity theft.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88

PYMNTS

MAY 5, 2017

The compromised Sabre system reports offering seamless connectivity to over 120 property management, 7 revenue management, 7 CRM and 18 content management solutions according to the company’s website. A number of officials have spoken out against SWIFT’s lack of action in addressing these flaws and broader security concerns.

Breach 45

Breach Business Email Compromise Data Breach Cybersecurity 45

PYMNTS

MARCH 2, 2018

Equifax’s fourth quarter report beat expectations – but aside from headline numbers, the commentary from management was scant, and bated breath might be held ahead of Friday’s earnings call, when some larger issues are sure to be addressed. That’s a lot of compromised data, of course. Like breaches , for example. million, up 2.4

Breach 41

Breach Data Breach Identity Theft Data Security 41

FICO

NOVEMBER 30, 2022

First, think about using separate rules and strategies to address the different exposure types. Debbie Cobb is Senior Director of Product Management, serving as the global product leader for FICO’s transactional fraud solutions including FICO Falcon Fraud Manager, FICO Falcon Compromise Manager and Card Alert Service. See all Posts.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

PYMNTS

FEBRUARY 6, 2017

This has given way to a significant shift toward using synthetic identities — a new, false identity not associated with a real person — which enable fraudsters to open and cultivate new accounts. PYMNTS: Why is that important — and how difficult is that to do?

Federal Trade Commission 59

Federal Trade Commission Scams Credit Cards Fraud Prevention 59

PYMNTS

MARCH 29, 2018

Every attack means compromised data, and compromised data means an opportunity for fraudsters to use that information to commit fraud. Companies need smarter compliance solutions to help them address this wide range of identity verification needs, Caldera said. “It As it turns out, these breaches are expensive.

Authentication 43

Authentication Risk Compliance Database 43

Nanonets

MAY 31, 2023

million individuals in the United States fell victim to identity theft in 2021. Compromised Employees: Internal employees willingly or unwittingly collude with external fraudsters to execute payment fraud schemes, leveraging their knowledge and access to circumvent controls.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

Nanonets

SEPTEMBER 28, 2023

Rapid Transaction Speed Fundamentally, most EFTs were devised to address the challenge of swiftly and effortlessly moving money. While EFT payments are generally safe, there is always a risk that your information could be compromised. Be sure to only make EFT payments to businesses and individuals you trust.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52

Nanonets

SEPTEMBER 28, 2023

Rapid Transaction Speed Fundamentally, most EFTs were devised to address the challenge of swiftly and effortlessly moving money. While EFT payments are generally safe, there is always a risk that your information could be compromised. Be sure to only make EFT payments to businesses and individuals you trust.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52