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

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

Payment Savvy

JULY 3, 2024

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Exact Payments

JANUARY 4, 2024

Cardholder data, such as the primary account number, cardholder name, and expiration date, is different from sensitive authentication data like CVV, track data, PIN/PIN Block, and EMV chip data. Encryption and tokenization, the process of replacing sensitive data with a non-sensitive token, should be employed to ensure data security.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

Exact Payments

FEBRUARY 26, 2024

Tokenization securely maintains the link between a token and sensitive card data in a database known as a token vault, which is safeguarded with encryption. 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.

Fraud Prevention 40

Fraud Prevention Credit Cards Data Breach Payments 40

PYMNTS

MAY 12, 2016

Hackers recently attempted to access congressional computer systems, encrypt the data and hold it for ransom, various media outlets reported on Tuesday (May 10). “In It’s unknown how many of the phishing attacks were actually successful, what type of data was compromised or even if a ransom was actually paid.

Ransomware 41

Ransomware Encryption Phishing Cybersecurity 41

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

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. End-to-end encryption. It offsets the card processing costs, transferring the financial obligation to the latter.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

DECEMBER 6, 2019

These issues could block customers’ access and prompt them to reconsider a service’s value, boosting churn rates as consumers reach for their cancel buttons. Expired credit cards or changes in a company’s billing information — as the result of an office move, for example — can result in declined charges and blocked service entry.

Enrollments 52

Enrollments B2C Compromise Blocks 52

Nanonets

JULY 10, 2024

Fast-track your KVP extraction without compromising accuracy. An example of key-value pair extraction KVPs are the building blocks of many data structures and databases. Encrypt sensitive data: Protect extracted information, especially when dealing with personal or financial details.

Database 96

Database Process Use Case Correspondent 96

PYMNTS

AUGUST 16, 2019

It moved away from that dial-up model which was slow and fixed to one spot — and into the world we live in today when you come out of the subway and have made three purchases before you’ve crossed the block,” Anil noted.

Online and Mobile Banking 64

Online and Mobile Banking Push-to-Card EMV Transactions 64

CB Insights

NOVEMBER 21, 2017

If Alice or Bob wanted to falsify a transaction, they would have to compromise the majority of participants, which is much harder than compromising a single participant. Hashes, public-private key encryption, segregated witness, sidechains, forks, and block size, among other elements, fall outside of the scope of this piece.

Blockchain 78

Blockchain Technology Bitcoin Participant 78

Nanonets

AUGUST 27, 2024

Scalability Your data extraction needs may grow over time, requiring a solution that can handle increasing volumes of data and requests without compromising performance. Look for LLM APIs that offer scalable infrastructure and efficient processing capabilities. Pro Error: Recitation x x x Claude 3.5 Pro Success 98.62% 99.73% 99.73% Claude 3.5

API 95

API Origination Assessments Process 95

PYMNTS

APRIL 21, 2017

As the number of cyberattacks rises on a global scale, password compromise is often to blame. If a transaction receives a high-risk store, banks can send customers an SMS, activate an app or deny the purchase, thus completely blocking criminals. Some even share passwords or, worse, don’t have passwords at all. Notable Risks.

Authentication 45

Authentication Online and Mobile Banking Security Risk 45

PYMNTS

SEPTEMBER 9, 2016

Quartz reported that the site Rambler was targeted by hacks dating back to 2012, and as a result, roughly 98 million accounts were compromised. The sensitive data, which the Yahoo-like site supposedly did not encrypt, included usernames, email addresses and passwords. From there, the malware receives more of the user’s information.

Phishing 41

Phishing Breach PayPal Database 41

PYMNTS

APRIL 15, 2016

To pay for that wall, Trump says that he will block remittance transfers to Mexico. Checks were in place, but the check was then subsequently not used to block the database call. We used encrypted and salted passwords, but given enough time, these should be assumed compromised,” the CoinWallet team explained in a post.

Bitcoin 40

Bitcoin Blockchain Digital Currency Federal Reserve 40

CB Insights

AUGUST 25, 2017

By encrypting down to the hardware level and leveraging blockchain technology, Filament’s decentralized network stack allows any device to connect, interact, and transact independent of a central authority. Some startups are looking to build blockchain technology into an IoT platform as well.

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78