PYMNTS

AUGUST 13, 2019

Included in the exposed data are bank account numbers, statements, tax and mortgage records, receipts for wire transfers, personal social security numbers and pictures of drivers’ licenses. The security company reported that all the information was accessible without any need for authentication.

Breach 46

Breach Data Breach Wire Transfer Non-Bank 46

PYMNTS

AUGUST 13, 2019

Included in the exposed data are bank account numbers, statements, tax and mortgage records, receipts for wire transfers, personal social security numbers and pictures of drivers’ licenses. The security company reported that all the information was accessible without any need for authentication.

Breach 43

Breach Data Breach Wire Transfer Non-Bank 43

PYMNTS

NOVEMBER 26, 2020

Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years. A study found that businesses and other organizations could prevent roughly 80 percent of data breaches by leveraging 2FA. A silver lining exists, however. Leveraging phone-based verification.

Verification 69

Verification Security Authentication Online and Mobile Banking 69

FICO

JULY 7, 2020

Beware of people claiming to be part of reputable organizations, like research firms or government agencies, asking you for personal information like bank card numbers or your Social Security number. Use a different password for each account and enable multi-factor authentication where available. Fake Profiles.

Scams 97

Scams Smishing Phishing IRS 97

PYMNTS

JULY 15, 2020

This seismic shift is, in turn, making it more important than ever for providers to examine the use of digital identity authentication technologies.”. Medical records command a high value on the dark web and can be listed for 10 times more than the average credit card data breach record. Medical Records = Dark Web Gold.

Data Breach 58

Data Breach CCPA Breach Social Security 58

PYMNTS

OCTOBER 30, 2018

Yet, the data suggests that small businesses may not be aware of the risk they face from cybercriminals. For example, the number of instances in which attackers went after Social Security numbers increased eightfold between 2016 and 2017.

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

Clearly Payments

JANUARY 8, 2024

Security, Compliance, and Regulatory Risk: Cybersecurity risk involves the threat of data breaches and unauthorized access to sensitive payment information. Hackers may exploit vulnerabilities in the merchant’s system to gain access to customer data.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

OCTOBER 12, 2018

With next-day processing, those payment systems can function with a certain methodical authentication process because the window is long enough to allow it. If the payments — push or pull — are in real time, he said, then the authentication has to be in real time as well. That window is evaporating,” he noted. What’s Next.

Faster Payments 73

Faster Payments Authentication Payments Enrollments 73

PYMNTS

AUGUST 8, 2019

And that fact — shared by Cognito CEO Alain Meier during a recent PYMNTS interview centered around changes in digital ID – serves to show the weakness of knowledge-based authentication. “We You can thank the information stolen during data breaches for that, he said: “They essentially were working from an answer key.”.

Security 58

Security Verification Online and Mobile Banking Breach 58

PYMNTS

JUNE 20, 2019

That convenience comes at a price, though: the risk of not only insurance fraud, but regulatory violations and data breaches, which can expose the most personal information about millions of consumers, as well as leave healthcare providers and retailers at risk for ruined reputations and ruinous lawsuits. Biometrics Role.

Authentication 55

Authentication Breach Law Enforcement Data Breach 55

PYMNTS

AUGUST 7, 2019

The digital ID industry is devoting an immense amount of effort and capital to protecting digital identities as data breaches and privacy concerns continue to make headlines on a regular basis. Data breaches’ stakes are sky high for corporations, meaning ID security is even more important to the United States federal government.

Multifactor Authentication 47

Multifactor Authentication Government Governance Data Breach 47

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. Overall, thanks to the rise in data breaches, merchants and FIs alike are dealing with a steep increase in fraud. Fraud is rampant and thriving.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

PYMNTS

FEBRUARY 10, 2020

10) with the 2017 cyberattack on credit reporting giant Equifax, which was one of the largest data breaches in history, according to The Wall Street Journal. The Equifax cyberattack exposed the financial data of almost 150 million Americans and British and Canadian nationals. “There are exceptions, though.”

Breach 53

Breach Data Breach FBI Social Security 53

PYMNTS

MARCH 18, 2020

Fraudsters request that these documents be emailed to an official-sounding address, enabling them to harvest a trove of valuable data including Social Security numbers and addresses. Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

PYMNTS

MAY 31, 2018

However, under GDPR, it’s all about consent, so if consumers want to take back their data, organizations cannot retain or use it, even to protect them. As data breaches pile up, it’s more likely than not that any given individual’s sensitive information is floating around somewhere out there on the dark web. Secure Signaling.

ATM 43

ATM Consumer Data Breach Credential 43

PYMNTS

APRIL 30, 2019

We at PYMNTS come here not to bury biometrics, but to explore another way of bringing identification and age verification to the masses — a method that, in the view of Alain Meier, CEO of Cognito , could help eCommerce operators stay ahead of regulators and otherwise offer relatively friction-free authentication to consumers around the world.

Verification 64

Verification Authentication Online and Mobile Banking Law Enforcement 64

PYMNTS

DECEMBER 23, 2019

Cybercriminals are getting good enough to fake biometric authentication methods using Deep Fake and other techniques. The customer whose Social Security number has been compromised is left fixing their credit report, merchants and issuers are out the money, and the fraudster skips away scot-free and onto the next synthetic identity.

Social Security 52

Social Security Identity Theft Wire Transfer Security 52

PYMNTS

APRIL 30, 2019

This information may have included names, Social Security numbers and financial information. Citrix later revealed in another letter that the attack was probably the result of password spraying, which attackers use to breach accounts via a list of commonly used passwords that aren’t protected with two-factor authentication.

FBI 46

FBI Breach Data Breach Social Security 46

PYMNTS

SEPTEMBER 29, 2017

That the Equifax breach will be a major watershed moment in the history of data security, impacting consumers nationwide for years to come, is not a terribly controversial point. It is bad news when the bad guy already had access to much of the data he or she needed to fool standard authentication,” Brown said.

Account Takeovers 41

Account Takeovers Accounts Data Breach Breach 41

FICO

MARCH 22, 2022

The dark web offers a marketplace for the data stolen in data breaches and 2021 made it a record-breaking year with significant data breaches around the world, leading to the loss of many millions of personal records. . Strong customer authentication. What Do Fraudsters Do with Accounts They Have Taken Over?

Account Takeovers 52

Account Takeovers Accounts Authentication Data Breach 52

PYMNTS

JULY 27, 2020

Using real credentials lends authenticity to these schemes and allows them to elude many fraud detection systems, and cybercriminals can avoid tipping off victims by not using pilfered identities wholesale. There are other types of … behavioral data out there that allow us to really understand and authenticate the real you.”.

Credit Union 58

Credit Union Authentication Credential Assessments 58

PYMNTS

DECEMBER 3, 2019

Digital identities are growing more important and omnipresent in everyday life, and the need to keep them secure grows more pressing by the day. Financial information, Social Security numbers and a host of other private data is wrapped up in each person’s digital identity, making a potential data breach catastrophic.

Verification 52

Verification Authentication Breach Data Breach 52

PYMNTS

APRIL 3, 2019

In case you’ve not noticed – and being PYMNTS readers, you no doubt have – ID verification and authentication is gaining attention, focus, investment and use in digital payments and retail. ID verification and authentication will keep advancing, with new experiments and deployments coming at a quick pace.

Verification 59

Verification Money Laundering Authentication API 59

PYMNTS

AUGUST 15, 2019

In the days before eCommerce, before data breaches grabbed everything from Social Security numbers to passwords, before fraudsters began to craft synthetic identities, strong customer authentication was rather simple. These data points, he said, fall under the designation of static PII.

Authentication 53

Authentication Compromise Addressing Regulations 53

PYMNTS

AUGUST 9, 2018

Comcast Xfinity, the cable company, exposed partial home addresses and Social Security numbers of millions of customers, reported BuzzFeed News. Citing Ryan Stevenson , a security researcher who found the security vulnerabilities, BuzzFeed reported that the data of more than 26.5 million customers was exposed.

Addressing 41

Addressing Data Breach Social Security Breach 41

PYMNTS

JUNE 4, 2019

However, if data is vital to the digital economy, so is identity (ID) verification. If anything has become clear within the last few years, it’s that electronic ID verification — using digital methods and data to confirm and authenticate identities — is increasingly taking on crucial importance.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

PYMNTS

SEPTEMBER 12, 2018

Credit reporting agency Equifax is just one of the many companies to have suffered through a recent data breach , as the company disclosed an incident impacting an estimated 148 million customers. The company exposed consumers’ full names, birthdates, addresses, Social Security numbers and even some 250,000 credit card account numbers.

Security 40

Security Online and Mobile Banking Authentication Breach 40

PYMNTS

SEPTEMBER 22, 2017

Our platform recorded breakthrough acceptance with the authentication of over 50 million identities. We also keep a close eye on emerging cyber threats and data breaches. A large number of banks and online sites still rely on knowledge-based authentication. We’re fortunate to serve a large and varied customer base.

Online and Mobile Banking 56

Online and Mobile Banking Verification Data Breach Breach 56

Exact Payments

JULY 1, 2024

By Jeremy Smillie, VP of DevSecOps at Exact Payments In an era where data breaches are not just threats but realities, protecting Personally Identifiable Information (PII) is more crucial than ever. At Exact Payments, we understand the magnitude of the responsibility of handling such sensitive data.

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

Stax

NOVEMBER 6, 2023

Moreover, companies need to follow data privacy and compliance requirements to stay in business. There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. are stored in a secure location by the payment processor. Let’s get started.

Encryption 88

Encryption PCI DSS Data Security Origination 88

PYMNTS

OCTOBER 7, 2019

Identity security is key when it comes to protecting financial information, and it can be devastating if sensitive documents from credit checks fall into the wrong hands, making authentication critical. Authenticating Users. How Nav Works. Hanson estimated that the latter comprises approximately 90 percent of its customer base.

Verification 40

Verification Authentication Small Business Checks 40

PYMNTS

NOVEMBER 15, 2017

With no face to match to the name and no data beyond the traditional Social Security numbers, dates of birth and passwords, is it any wonder that account security is a tough battle to fight — especially against foes who have leveraged data breaches into literal gold mines?

Authentication 40

Authentication Verification Online and Mobile Banking Enrollments 40

PYMNTS

NOVEMBER 6, 2019

In a recent interview, PYMNTS spoke with Affirm Chief Strategy and Risk Officer Sandeep Bhandari and Head of Data Science Nitesh Kumar about the company’s authentication techniques and how Affirm deters fraud by leveraging a sophisticated artificial intelligence (AI)-driven analytics system. What is Affirm?

Verification 40

Verification Fraud Prevention Authentication Credit Cards 40

PYMNTS

NOVEMBER 9, 2017

I don’t think Alexa is road-ready for true voice biometric determination for an MFA [multi-factor authentication], even in-home,” IntraNext CEO Patrick Brown told Karen Webster in a recent interview. I’m a believer that Alexa’s always getting smarter, but I’d like to learn more about the API security model.”.

Authentication 41

Authentication MFA Fraud Detection Security 41

PYMNTS

JULY 5, 2018

The problems of security, data breaches, identity verification and user authentication just keep getting bigger. When a consumer signs up for a service, they must enter their name, email address, phone number, Social Security number and more.

EMV 41

EMV Mitigation Credit Cards Data Breach 41

PYMNTS

JANUARY 17, 2017

Today, there’s a major gap in market between the data that relying parties have to verify consumer identity and what is needed to authenticate them with certainty. The New Age Of Data Attributes. Is the phone number the future SSN?” Ayers asked.

Verification 45

Verification Addressing Online and Mobile Banking Authentication 45

PYMNTS

JANUARY 24, 2018

And all the while, data breaches abound as fraudsters ply their trade. In the increasingly digital and mobile age, data useful for authentication purposes might be widely available, or may in fact be rather lacking, depending on the market. This is a step forward in security, as it boosts control of data.

Online and Mobile Banking 46

Online and Mobile Banking Verification Authentication Government 46