PYMNTS

NOVEMBER 11, 2016

Gryphon has developed a Wi-Fi router that is designed to block cyberattacks. These connected devices have been reported as vulnerable to hacks and, when compromised, can be used to send extremely large volumes of traffic to a site.

Blocks 66

Blocks Compromise Cybersecurity Volume 66

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

PYMNTS

JULY 31, 2020

million, and it isn’t clear whether private customer data was compromised by the attack. A CWT representative told the news service: “While the investigation is at an early stage, we have no indication that personally identifiable information/customer and traveler information has been compromised.”

Bitcoin 105

Bitcoin Ransomware Compromise FBI 105

Fintech Finance

MAY 7, 2024

“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. More than a thousand dedicated specialists protect Visa’s network from malware, zero-day attacks and insider threats 24x7x365.

AI 59

AI Accounts Issuers Compromise 59

Fintech News

MAY 8, 2024

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.” said Paul Fabara, Chief Risk and Client Services Officer at Visa. said Michael Jabbara, SVP Global Head of Fraud Services, at Visa.

Bots 85

Bots AI Issuers Fraud Prevention 85

PYMNTS

NOVEMBER 1, 2016

Credit score firm FICO said that 2015 went down as the highest-ever tally of compromised machines, although it should be noted that FICO did not disclose actual numbers. Earlier this month, The Wall Street Journal reported that, since the introduction of EMV in the U.S.,

ATM 68

ATM Scams Blocks EMV 68

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

Fintech News

JANUARY 10, 2024

However, the vulnerabilities of this solution became evident as hackers exploited and compromised the security of banking transactions that led to identity and money theft”. Banks currently manually block transactions in response to potential fraud cases. During this period, SMS OTP was the industry standard and deemed secure.

AML 98

AML Money Laundering Authentication Procedures 98

Payments Source

SEPTEMBER 20, 2017

Software PIN pads can compromised by crooks that intercept the PIN after it's typed. MagicCube attempts to position itself "in the middle" to block these hacking attempts.

Compromise 60

Compromise Blocks Security Mobile Payments 60

FICO

JUNE 11, 2020

While convenient for customers, unattended pumps make it easier for use fraudsters use compromised cardholder information (available in plentiful supply on the Dark Web ) to make fraudulent purchases. . As a result, Falcon can proactively increase fraud detection while simultaneously decreasing the false-positive rate. .

EMV 72

EMV Compromise Fraud Prevention CHIPS 72

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

OCTOBER 1, 2020

Mitiga is working with law enforcement after uncovering a widespread business email compromise (BEC) scam that has netted more than $15 million.

Business Email Compromise 73

Business Email Compromise Scams Email Compromise Wire Transfer 73

VISTA InfoSec

FEBRUARY 16, 2024

Validate all user input to block tampering attempts. - If an automated technical solution is installed that continually detects and prevents web-based attacks, it must be actively running and up to date, generate audit logs, and be configured to either block web-based attacks or generate an alert that is immediately investigated.

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

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

PYMNTS

APRIL 18, 2018

Russia is making good on its threat to ban Telegram by blocking IP addresses owned by Google and Amazon, saying they were being used by the messaging service. On Monday (April 16), a Russian court made it easier for the government to block Telegram after its creators refused to turn over access to its users’ encrypted messages.

Blocks 43

Blocks Encryption Authorization Addressing 43

PYMNTS

OCTOBER 27, 2016

. “By replacing possibly compromised cards preemptively, banks and shops can save an amount in the triple-digit million (Danish crowns) range, which they could suffer in losses from trades made with stolen credit card information,” the company said in a statement. Jyske Bank has already said it will block and replace 7,000 cards.

Data Breach 75

Data Breach Breach Law Enforcement Compromise 75

PYMNTS

NOVEMBER 25, 2019

He added that the company now blocks emails from Hong Kong. “We We never got compromised, and never saw the phishing emails,” he said. Ted Cash, general manager of ALP Utilities in Minnesota, revealed that his employees “found a quarantined email in a restricted account” after being contacted by the FBI.

FBI 64

FBI Phishing Breach Compromise 64

FICO

JANUARY 10, 2023

They were able to identify attempts to uncover CVVs on the cards they had issued and could therefore have those cards blocked and reissued. In 2022, we saw an alarming increase in the number of compromised cards, as monitored by the FICO’s Card Alert Service. Innovative Customer Communications for Fraud. Source: KTVU Fox 2 .

Scams 52

Scams Posting Push-to-Card Compromise 52

PYMNTS

AUGUST 13, 2018

According to the FBI, the bank or payment processor is compromised with malware to access bank customer card information and exploit network access, enabling funds to be taken from ATMs.

FBI 58

FBI ATM Scams Third Party Vendors 58

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

PYMNTS

JUNE 22, 2020

Merchants, with the inclusion of Valentino, had blocked off their retail locations with wood to stop looters from compromising their retail locations as well as their stock of items in early June. And that part of Fifth Avenue reportedly had low foot traffic on a recent day during the week.

Compromise 52

Compromise Blocks Legal Consumer 52

PYMNTS

MARCH 12, 2020

Schroeder pointed to the recent adoption by PULSE of the FICO Falcon Platform, to underpin its DebitProtect service with a range of fraud detection and blocking capabilities extended across more than 3,700 debit issuers, including real-time risk scoring. Debit really is — and always has been — about faster payments,” Schroeder told PYMNTS.

Payroll 61

Payroll Issuers Debit Transaction Push-to-Card 61

PYMNTS

DECEMBER 22, 2016

This is largely because IoT devices offer easily accessible bandwidth and CPU at no cost to the attacker, with much less effort to compromise than a modern PC or laptop,” Jose Nazario, director of security research at Fastly, told Forbes.

Cybersecurity 46

Cybersecurity Compromise Enrollments Bots 46

PYMNTS

OCTOBER 23, 2018

In the future, customers will be able to block the access, noted the report. is seen as a data access compromise by a traditional bank and a FinTech. To address those concerns, customers can see the FinTechs that can collect data on JPMorgan’s website and mobile app. CEO Zach Perret said in a telephone interview. .”

Venmo 64

Venmo Compromise Blocks FinTech 64

PYMNTS

NOVEMBER 12, 2019

In deploying the FICO Falcon Platform, enhanced fraud detection and blocking capabilities are made available to issuers, PULSE said. In terms of mechanics, the new case management functionality helps issuers reduce costs by assisting them in accurately managing groups of compromised cards. Among the features is real-time scoring.

Fraud Detection 40

Fraud Detection Debit Network Issuers Risk Mitigation 40

PYMNTS

APRIL 16, 2018

A Russian court has made it easier for the government to block the Telegram messaging app after its creators refused to turn over access to its users’ encrypted messages. According to The New York Times , Roskomnadzor, Russia’s state communications watchdog, requested the authority to block the app’s use in Russian territories.

Blocks 40

Blocks Encryption Authorization Rules 40

PYMNTS

MAY 20, 2019

ICANN said it found Amazon’s terms, which featured numerous compromises, to be acceptable. Amazon said it would block up to 1,500 sensitive words, and that additions could be allowed for up to two years. The decision will be finalized after a 30-day public comment period.

Disputes 54

Disputes Compromise Blocks Governance 54

PYMNTS

OCTOBER 20, 2016

Card network providers Visa Inc (V.N), MasterCard Inc (MA.N), and home-grown RuPay have all alerted banks to the possible compromise, A.P. As of now, it is thought the cards may have been tainted by suspected ATM breaches throughout the nation — so far 90 ATMS have come up as compromised.

Debit Card 68

Debit Card Breach ATM Compromise 68

PYMNTS

JULY 11, 2018

The data breach occurred between April 26 and June 10, with the company detecting suspicious activity on June 11 and blocking the profiles in question on June 12. In April, retailer Hudson’s Bay disclosed that customers at Saks and Lord & Taylor stores in North America have had their payment cards compromised.

Data Breach 40

Data Breach Breach Compromise Social Security 40

PYMNTS

APRIL 17, 2018

A “hashing module of the processing server” would then generate an “identity value” for each entity, as well as create a block with a timestamp and record of the most recent block added to the blockchain.

Visa 52

Visa Blockchain Credential Blocks 52

PYMNTS

SEPTEMBER 19, 2018

While Macy’s blocked the profiles that it believes to have been compromised, the retailer is asking customers to “remain vigilant.” However, Macy’s said the accounts don’t include Social Security Numbers or CVV numbers.

Data Breach 64

Data Breach Breach Credit Cards Social Security 64

PYMNTS

DECEMBER 11, 2019

Also, blocking municipal services tends to affect a larger swath of the population, which is a motivator for ransom paying. In addition, once a city has been attacked, the whole infrastructure is compromised and requires an incident investigation and a thorough audit.

Ransomware 52

Ransomware Cybersecurity Phishing Audit 52

PYMNTS

MAY 5, 2020

Now, he said, verification stands as a “preliminary step — and it’s a basic building block of trust. Any attempt at verification, at assembling the building blocks of trust, requires timely and accurate data. Dealing With Data Decay.

Addressing 77

Addressing Verification Checks Blocks 77

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

OCTOBER 26, 2016

According to a report by Reuters , the recall could include up to 10,000 of the devices that were compromised. The company said it fixed holes in earlier products, requiring users to change passwords and having telnet access blocked. is gearing up to recall the devices. “Those in the U.S. ”

Compromise 63

Compromise Blocks Security Research 63

PYMNTS

JULY 9, 2018

While Macy’s blocked the profiles that it believes to have been compromised, the retailer is asking customers to “remain vigilant.” However, Macy’s said the accounts don’t include Social Security numbers or CVV numbers.

Data Breach 53

Data Breach Breach Social Security Addressing 53

FICO

JANUARY 22, 2021

FICO® Falcon® Compromise Manager identifies compromised merchants, the time window during which payment card information is stolen, and the cards that are at risk. This balanced approach avoids expensive mass block-and-reissue replacement. .

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 52