Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

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Email Compromise Compromise Business Email Compromise Risk 52

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.

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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.

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Breach Risk Federal Trade Commission Data Breach 66

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. A data breach that exposes the records of 10,000 customers could potentially cost a firm up to $7.5

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PYMNTS

NOVEMBER 15, 2016

New York’s lab is mostly equipped to process evidence from mobile data. 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. data breach ).

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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 .

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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. The breach happened between January 1, 2019, and March 28, 2019, according to reports. Microsoft said affected users should change their passwords.

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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. A data breach that exposes the records of 10,000 customers could potentially cost a firm up to $7.5

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CCPA Laws Privacy Data Breach 52

PYMNTS

AUGUST 7, 2020

Recent data shows that thwarted attempts to get one security solution’s users to visit malicious, video game-themed websites rose 54 percent from January to April. 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.

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Phishing Data Breach Account Takeovers Verification 89

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. We implement TLS 1.3,

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Data Security Security Encryption Payment APIs and Integration 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.

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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.

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The Payments Association

DECEMBER 9, 2024

However, as payment services rely more heavily on these AI technologies, they face a growing challenge: how to harness the power of LLMs without compromising data privacy. Payment data is inherently vulnerable because its compromise can have significant financial and personal consequences for consumers.

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Privacy AI Payment Security Security 88

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.

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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.

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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.

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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.

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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.

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PYMNTS

FEBRUARY 10, 2017

While they can’t be used to create a chip-based card, they allow enough data to be passed to create dummy magnetic cards that can then be used to perpetrate fraud. In one of the latest payment card data breaches reported affecting the hotel industry, InterContinental Hotels Group confirmed 12 of its U.S. A large chunk of U.S.

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Account Takeovers CHIPS Chip Cards Fraud Detection 56

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. They also increase their vulnerability to data breaches and credit card fraud.

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Credit Cards PCI DSS Compliance Process 88

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. The survey found that efforts to keep up with changing fraud patterns remain mixed.

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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 The first step to successful data monetization, Koch explained, is to have a successful data strategy. Starting Small.

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Consumer Risk Compliance Regulations 68

PYMNTS

SEPTEMBER 18, 2017

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. Senator Elizabeth Warren (D – Mass.)

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Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

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.

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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.

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Debit Card Process PCI DSS Processors 52

Seon

MAY 16, 2024

While some of these iGaming attacks fall within grey areas, others are absolutely considered fraudulent, for instance: creating multiple accounts under different names, using stolen IDs to bypass KYC checks, and using spoofing technology to evade IP blocks.

Fraud Prevention 52

Fraud Prevention Accounts Verification Legal 52

PYMNTS

APRIL 15, 2016

To pay for that wall, Trump says that he will block remittance transfers to Mexico. Data Breach Shutters Bitcoin Wallet. was breached. The company said it suffered a data breach earlier this month. Checks were in place, but the check was then subsequently not used to block the database call.

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