PYMNTS

OCTOBER 27, 2016

26) that it was the victim of a data breach that could have impacted 100,000 credit cards. According to a report , Nets thinks the breach was linked to one internet retailer overseas. The report noted Nets is working with Visa and Mastercard to investigate the compromise. It has alerted local banks to replace the cards.

Data Breach 75

Data Breach Breach Law Enforcement Compromise 75

PYMNTS

OCTOBER 20, 2016

million debit cards in India will either have their security codes changed or their cards swapped out wholesale due to concerns that the data may have been breached in one of the nation’s biggest security incidents ever. As many as 3.25 million cards, the majority are on the Visa or Mastercard platform — 2.65

Debit Card 68

Debit Card Breach ATM Compromise 68

PYMNTS

JULY 9, 2018

After Macy’s cyber tools detected suspicious logins on June 11, the retailer is warning customers about a data breach. While Macy’s blocked the profiles that it believes to have been compromised, the retailer is asking customers to “remain vigilant.” The company also revealed that the Social Security numbers of U.S.

Data Breach 53

Data Breach Breach Social Security Addressing 53

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. Even if a server’s key is compromised, past communications remain secure because the session keys cannot be retroactively decrypted.

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

PYMNTS

JULY 11, 2018

Another retailer has been hit with a data breach. The data breach impacted one-half of one-percent of customers who were registered on Macys.com or Bloomingdales.com, spokeswoman Blair Rosenberg said Tuesday (July 10), according to Bloomberg. Macy’s is just the latest retailer to be hit with a data breach.

Data Breach 40

Data Breach Breach Compromise Social Security 40

Fintech News

MAY 8, 2024

Visa reports that 33% of accounts targeted by enumeration attacks experience fraud within five days of the breach. With the VAAI Score, our clients now have access to real-time risk scoring that can help detect the likelihood of an enumeration attack so issuers can make more informed decisions on when to block a transaction.”

Bots 102

Bots AI Issuers Fraud Prevention 102

PYMNTS

DECEMBER 1, 2016

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. bank regulator, information security has been a recurring headline in 2016. They’ve gotten everyone on that list.”. A more promising future.

Blocks 62

Blocks Blockchain Compromise Bitcoin 62

PYMNTS

SEPTEMBER 18, 2017

In the wake of the massive data breach at Equifax , the embattled credit scoring company announced that the Chief Information Officer, David Webb, and the chief security officer, Susan Mauldin, will both retire. These moves come after the company disclosed a major data breach in which 143 million U.S.

Breach 66

Breach Risk Federal Trade Commission Data Breach 66

PYMNTS

APRIL 11, 2016

has become the latest federal system impacted by a major data breach. In an internal FDIC document obtained by The Washington Post , it was revealed that the data of 44,000 FDIC customers was breached by an employee who left the agency in February. The Federal Deposit Insurance Corp.

FDIC 40

FDIC Data Breach Breach Compromise 40

PYMNTS

JULY 16, 2018

Well… Macy’s Systems Breached. As Queen famously sang, another one bites the dust — or as modified for the modern era, another one bites the breach. Suspicious activity was first observed on June 11 and profiles were officially blocked on June 12. So, where were the high and low points?

Breach 40

Breach PayPal Online and Mobile Banking Compromise 40

Finovate

AUGUST 28, 2024

With the backing of an expansive data consortium of 5,000+ financial institutions, the platform also enables banks and financial institutions to block merchants deemed “high risk” and limit the potential damage from major data breaches.

Fraud Prevention 59

Fraud Prevention Debit Card Data Breach Returns 59

PYMNTS

NOVEMBER 25, 2019

The FBI has contacted some of the utilities, and provided information so that they can scan their computer networks to see if firewalls have been breached. Of the 11 utilities named, none said that they were breached, but about half said they had been warned by the FBI. He added that the company now blocks emails from Hong Kong. “We

FBI 64

FBI Phishing Breach Compromise 64

PYMNTS

FEBRUARY 10, 2020

1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. The complaint accuses Salesforce of allowing the site to be infected with malware, which is the prime suspect for the data breach. The California law is more specific and more punitive for breaches.

CCPA 62

CCPA Laws Privacy Data Breach 62

PYMNTS

FEBRUARY 10, 2020

1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. The complaint accuses Salesforce of allowing the site to be infected with malware, which is the prime suspect for the data breach. The California law is more specific and more punitive for breaches.

CCPA 52

CCPA Laws Privacy Data Breach 52

PYMNTS

AUGUST 13, 2018

“The FBI has obtained unspecified reporting, indicating cybercriminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach and commonly referred to as an ‘unlimited operation,’” the letter read, according to the report.

FBI 58

FBI ATM Scams Third Party Vendors 58

PYMNTS

AUGUST 19, 2019

Here are some examples of restaurants and retailers that have bounced back from mobile data breaches and what they are doing to ensure security. Chipotle is on the route to recovery after suffering setbacks due to food safety concerns, falling sales – oh, and an April data breach. Chipotle . Hacks aren’t exclusive to the U.S.

Account Takeovers 63

Account Takeovers Data Breach Bots Credential 63

PYMNTS

JUNE 12, 2019

Compromised credentials are one of the most common causes of security breaches. While Google automatically blocks the majority of unauthorized sign-in attempts, adding 2-Step Verification (2SV) considerably improves account security.

Authentication 49

Authentication Phishing Bots Credential 49

PYMNTS

NOVEMBER 15, 2016

New lab comes equipped with a Faraday cage, a shielded room that blocks external signals to prevent outside interference of devices, which could easily hamper an ongoing criminal investigation. More recently, data breaches reportedly went up 15 percent year over year with 424 million compromised data files (and this was before the Yahoo!

Crime 62

Crime Data Breach Law Enforcement Breach 62

FICO

APRIL 16, 2019

Stopping Fraud - Card Block Strategies. More than 50 percent of APAC banks continue to simply block cards on the first fraud alert, a rate that remains unchanged from the 2017 survey. of compromised records worldwide. Read our other survey from this event: Asian Money Laundering Scandals: Banks Fear A Large Breach.

APACS 40

APACS Identity Theft Compromise Blocks 40

Stax

JANUARY 15, 2024

To put it simply, it’s a matter of compromise. Implement geo-blocking measures, i.e., blocking or limiting payment transactions from regions or countries where surcharging is prohibited by local regulations. It helps protect against security breaches and enhance consumer confidence. Consumers pay more for the convenience.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

FEBRUARY 23, 2018

The user either approves or blocks access by tapping either “Accept” or “Reject.” The deal with Equifax comes of the heels of the credit scoring company suffering a massive data breach in 2017 that resulted in more than 145.5 million customers’ personally identifiable information being compromised.

Security 40

Security Data Breach Authentication Breach 40

PYMNTS

AUGUST 18, 2016

It’s no wonder this trend has emerged, especially with the onslaught of data breaches in recent years that have made compromised payment data more accessible than ever before.

Blocks 42

Blocks Credential Credit Cards Data Breach 42

Exact Payments

FEBRUARY 26, 2024

For example, a token generated for a credit card transaction with Google Pay is only valid for Google Pay transactions, reducing the token’s usability if it is compromised. This additional layer of security blocks fraudsters, making it more difficult to steal credit card data.

Fraud Prevention 40

Fraud Prevention Credit Cards Data Breach Payments 40

PYMNTS

AUGUST 7, 2020

The research also noted a 40 percent increase compared to February in the number of blocked attempts to guide users to phishing websites for one of the most-visited gaming platforms. . The following Deep Dive examines how fraudsters’ schemes target gamers as well as how data breaches enable bad actors to commit account takeover (ATO) fraud.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

Exact Payments

JANUARY 4, 2024

Adhering to these guidelines is essential for businesses to ensure the safe handling of credit card data, helping to minimize the risk of fraud and security breaches. Network hardware and software, like routers and firewalls, often come with pre-set credentials, making it easy for cybercriminals to breach your network’s security.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

PYMNTS

DECEMBER 30, 2016

Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of a cyberattack. 2017 will see a continued rise in cybersecurity threats particularly around business email compromise , ransomware and malicious insiders. In addition, the battlefield is evolving.

Checks 58

Checks Email Compromise Security Compromise 58

PYMNTS

FEBRUARY 10, 2017

But Cagnoni noted that while a shimmer attack can be successful, it requires a lot of manual work, making its effectiveness limited by the number of actual users of the compromised POS or ATM. In one of the latest payment card data breaches reported affecting the hotel industry, InterContinental Hotels Group confirmed 12 of its U.S.

Account Takeovers 56

Account Takeovers CHIPS Chip Cards Fraud Detection 56

CB Insights

OCTOBER 2, 2018

For example, Facebook recently disclosed that an unprecedented data breach, discovered on September 25, exposed the social media accounts of up to 90 million users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account.

Data Security 58

Data Security Encryption Security Data Breach 58

Seon

MAY 16, 2024

The gaming experience is marred by illicit activities, including collusion, chip dumping and gnoming, which breaches player trust – particularly regarding fairness and security. Fraudulent activities can skew the fairness of games, compromise the security of player accounts, and diminish players’ overall enjoyment and trust in the platform.

Fraud Prevention 52

Fraud Prevention Accounts Verification Legal 52

PYMNTS

MARCH 22, 2016

Even before the hacking was publicly reported, the Fed reportedly blocked $850 million in transactions (30 transactions) because they lacked the necessary credentials. The details of the breach that have been reported indicate that $81 million was taken from the New York Fed and stashed into a Philippines personal bank account.

Fed 40

Fed Federal Reserve FRB Money Laundering 40

PYMNTS

OCTOBER 19, 2016

But the rise of online commerce and the years of online data breaches that have become an almost daily occurrence mean there is a massive amount of compromised payment and account data that fraudsters can use to perpetrate their activities on an even larger scale. How Times — And Priorities — Have Changed.

Fraud Prevention 81

Fraud Prevention EMV Blocks Risk 81

Payment Savvy

JULY 3, 2024

Tokenization helps minimize the risk of data breaches, as even if a token is compromised, it holds no value without the corresponding debit card information. 2FA verifies that only authorized users can complete transactions, even if their debit card information is compromised.

Debit Card 52

Debit Card Process PCI DSS Processors 52

PYMNTS

MAY 29, 2018

If anyone is going to make a fortune around you, they will make it online, and they will make it by compromising your identity.”. As an example, take the common annoyance of having a transaction blocked — maybe at an ATM in a foreign country or when trying to buy an expensive item from a big-box merchant.

Online and Mobile Banking 49

Online and Mobile Banking Economy Security Breach 49

PYMNTS

MARCH 8, 2019

Any company seen as recklessly harvesting, storing, manipulating or selling their consumer data — to saying nothing of suffering a data breach — is promised bad PR. “If Yet, it is a way, Koch emphasized, to set the innovative and creative data monetization strategies without fear of data compromise. Starting Small.

Consumer 68

Consumer Risk Compliance Regulations 68

PYMNTS

OCTOBER 24, 2016

News earlier this month that compromises at ATMs (read: fraud) were at the highest levels in 2015 than had been seen in years (according to FICO) brings back some concerns over how strong security is, or isn’t, at the point of cash dispensing. The sketchy-looking wires and mirrors that tipped you off to possible financial shenanigans?

ATM 76

ATM Processors Chip Cards Best Practices 76

PYMNTS

MAY 3, 2016

When details emerged last month of SWIFT’s software compromise , it signaled, to some, the likely start of a spree of hacking attempts. There’s one type of payments fraud in particular that comes to mind, said Wilhelm, when considering some of the cyberthreats banks already have trouble dealing with today: the business email compromise. “It

Same Day ACH 43

Same Day ACH ACH NACHA Faster Payments 43

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. If the SSN and all manner of traditional identifiers have been compromised and are floating around the dark web, biometrics is the cure-all.

Security 43

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