VISTA InfoSec

JUNE 3, 2024

According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords. In such attacks, cybercriminals exploit weak or reused passwords to breach multiple accounts, leading to significant data breaches and financial losses. Here are the essential components: 1.

MFA 130

MFA Credential PCI DSS Compliance 130

PYMNTS

FEBRUARY 10, 2020

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018.

CCPA 52

CCPA Laws Privacy Data Breach 52

PYMNTS

MARCH 27, 2020

Kirsten Gillibrand of New York, for example, had proposed the creation of a federal agency that would handle consumer complaints regarding privacy breaches one short month before the COVID-19 quarantine period began. but rising data breaches and online hacks are evidence of the necessity of the rule.

Privacy 79

Privacy CCPA Rules Regulations 79

PYMNTS

FEBRUARY 28, 2020

Failing to prevent a data breach is a surefire way to lose that trust, however. Several CUs have fallen victim to data breaches over the years, but many are instituting new defenses to combat such problems. Data Breaches Within And Without. Credit unions are no strangers to data breaches. It also revealed that 60.8

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

PYMNTS

NOVEMBER 10, 2020

The partnership aims to eliminate large-scale breaches, which are accelerating in intensity and frequency in 2020, especially amid the COVID-19 pandemic. The new solution also helps shield merchants from fines related to GDPR and the California Consumer Privacy Act (CCPA) noncompliance. . Each $1 of fraud costs retailers $3.13. .

Transactions 93

Transactions Security Encryption CCPA 93

Segpay

NOVEMBER 26, 2024

Proper digital identity verification tools help protect sensitive data from unauthorized access and security breaches. Blockchain’s decentralized nature helps reduce the risk of identity theft and data breaches, offering a promising future for secure, tamper-proof digital identity verification in payments.

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

PYMNTS

MARCH 31, 2020

businesses experienced at least one data breach that compromised a minimum of 1,000 records in 2019. The CCPA is strict with these companies, for example, but the merchants to which the rules do apply and the consequences for noncompliance are less clear as a result. Sixty-three percent of U.S.

Regulations 61

Regulations CCPA Consumer Privacy 61

PYMNTS

DECEMBER 30, 2019

Alastair Mactaggart’s 2018 state ballot initiative resulted in the California Consumer Privacy Act (CCPA) and now he wants to ensure it’s bullet-proof from modifications that could weaken it. In addition, the “negligent data breach” section would be expanded, enabling people to press charges in the event of a data breach. .

Privacy 52

Privacy CCPA Laws Data Breach 52

FICO

APRIL 3, 2019

You can have the best cybersecurity in the world, but if your vendor suffers a breach, your data, your customers and your reputation are at risk. The objective metric provided by the score provides an accurate and continuous assessment of cyber breach risk that can help you prioritize the work of your cybersecurity and TPRM teams.

CCPA 58

CCPA Cybersecurity Breach Risk Management 58

VISTA InfoSec

SEPTEMBER 14, 2023

data privacy laws such as the CCPA and CDPA, which have thresholds based on company size or revenue, the GDPR does not impose such limitations. EU citizens in the US are protected by US federal and state laws like CalOPPA, COPPA, CCPA, and CDPA. GDPR and U.S. Data Controller Classification: This implies that any U.S.-based

Compliance 130

Compliance Privacy Legal Processors 130

PYMNTS

SEPTEMBER 24, 2020

Technology giant Google, which operates Google Cloud services, was fined approximately $57 million for breaching GDPR privacy standards in 2019, for example, and EU regulators are questioning other companies over how their cloud platforms store data. Answering The Data Question . FIs have long been favorite targets of fraudsters.

Compliance 60

Compliance Online and Mobile Banking CCPA Rules 60

PYMNTS

JANUARY 13, 2020

Worse by far are the massive consumer data breaches that continue flooding the Dark Web with fresh identities for sale – over four billion consumer records were exposed in the first half of 2019 – with no end in sight. By summer 2019, people were no longer fazed by headlines screaming about data breaches. It’s not all good news.

EMV 54

EMV Data Breach Chip Cards Push-to-Card 54

PYMNTS

JULY 15, 2020

With data showing that 45 percent of all 2019 data breaches — and there were a lot of them — involved medical records theft, costing healthcare providers $429 per compromised patient record or nearly $18 billion, organizations can’t be confused about their value to cyberthieves. Medical Records = Dark Web Gold.

Data Breach 58

Data Breach CCPA Breach Social Security 58

PYMNTS

MARCH 2, 2020

With trust, however, comes inevitable breaches. That program is detailed in the February Tracker, as are efforts including the California Consumer Privacy Act (CCPA). CUs deal in trust, and it’s a winning strategy. The Desjardins Group incident sent a chill through the CU community.

Credit Union 52

Credit Union Credit Union Service Organization NCUA CCPA 52

PYMNTS

SEPTEMBER 30, 2020

Data breaches now cost Saudi Arabia and UAE companies about $188 for each stolen personal detail, for example, and this price tag is exponential because most hacks compromise thousands of records. The Data Privacy Twist .

Privacy 70

Privacy Regulations Laws Rules 70

FICO

JUNE 26, 2019

With new data protection and privacy regulations coming online — such as the EU’s General Data Protection Regulation (GDPR) and the California Consumer Protection Act (CCPA) –– interest in understanding and managing cyber risk is at an all-time high.

Underwriting 45

Underwriting Assessments CCPA Breach 45

PYMNTS

NOVEMBER 5, 2019

Since then, lawmakers have been working to craft bills to protect consumer data, with the California Consumer Privacy Act (CCPA) being one of the toughest in the country. In case of a data breach, the impacted company would have 72 hours to notify users and the DPA.

Regulations 40

Regulations Privacy CCPA Legal Framework 40

PYMNTS

OCTOBER 24, 2018

and in the wake of GDPR, which of course took effect in May, there exists the California Consumer Privacy Act of 2018, known colloquially as CCPA. When it comes to data privacy, it’s not all about General Data Protection Regulation (GDPR), and it’s not all about Europe. Here in the U.S.,

Privacy 49

Privacy Laws CCPA Data Breach 49

FICO

JUNE 26, 2019

With new data protection and privacy regulations coming online — such as the EU’s General Data Protection Regulation (GDPR) and the California Consumer Protection Act (CCPA) –– interest in understanding and managing cyber risk is at an all-time high.

Underwriting 40

Underwriting Assessments CCPA Breach 40

Payment Savvy

DECEMBER 9, 2020

Because of the major and frequent data breaches, consumers don’t fully trust companies with their data. For instance, the California Consumer Privacy Act (CCPA) requires companies serving in California that earn at least $25 million in revenue annually to comply with its requirements or pay hefty fines.

Payments Trends 52

Payments Trends Payments RTP C2B 52

Payment Savvy

MAY 10, 2024

Compliance Plaid adheres to data protection regulations like GDPR and CCPA, as well as financial industry standards such as PCI DSS. Monitoring and Alerts Plaid maintains vigilant monitoring systems to swiftly detect and respond to unusual activity or security breaches.

Payment APIs and Integration 52

Payment APIs and Integration Venmo Privacy Credential 52

PYMNTS

JUNE 26, 2019

The financial responsibility for a breach falls on banks even if it was a FinTech or third-party that was hacked. so California passed the California Consumer Privacy Act (CCPA) , which goes into effect on January 1, 2020. Loyalty may go out the window, if consumers no longer need to access products through banks’ branded offerings.

Privacy 43

Privacy Authorization CCPA Regulations 43

FloQast

OCTOBER 27, 2023

Typically, compliance management will also include Identifying appropriate controls, Managing relationships with various regulators, Coordinating or responding to regulatory concerns and inquiries, and Mitigating regulatory breaches Why is Compliance Management Important? In 2022, the Securities and Exchange Commission (SEC) levied $1.1

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Segpay

JANUARY 30, 2025

Key regulatory concerns include: Data Privacy Laws: AI companies handle vast amounts of sensitive data, raising questions about compliance with global standards like the EUs GDPR, Californias CCPA, the US Healthcare Privacy Law HIPAA or Brasils LGPD. PSPs risk association with data breaches or non-compliance issues.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

Stax

MARCH 6, 2024

Data security and privacy Merchants must implement robust security measures to protect sensitive information from breaches and unauthorized access. Non-compliance can result in significant fines and damage to reputation, making it imperative for businesses to stay informed about and adhere to relevant regulations and standards.

Best Practices 88

Best Practices PCI DSS Payment Gateways Gateways 88

Segpay

MARCH 20, 2024

This proactive approach to fraud detection minimizes financial losses for banks and customers, strengthens cybersecurity posture, and mitigates data breaches and cyber-attack risks. The collection and analysis of vast amounts of customer data increases the risk of data breaches, unauthorized access, and misuse of personal information.

AI 111

AI Privacy Non-Bank Fraud Detection 111

Stax

OCTOBER 3, 2024

Compliance with relevant laws and regulations Understanding applicable regulations: Different regions have varying regulations concerning data privacy, such as GDPR in Europe or CCPA in California. Understanding and complying with these laws is crucial. They must provide assurances regarding the safety and handling of data.

CRM 88

CRM Small Business Automation Compliance 88

PYMNTS

OCTOBER 21, 2019

We’ve watched the payments industry address changes in customer behavior, shifts in compliance rules (GDPR, UBO, CCPA, EMV), the introduction of cryptocurrencies and the race to move money faster. As Nan Siler, head of payment and financial operations at Kabbage, noted, it’s been a pretty wild ride, thus far.

Innovation 52

Innovation Payments Online and Mobile Banking Mobile Payments 52

Basis Theory

FEBRUARY 25, 2025

trillion in 2025, and the increasing number of data privacy regulations, like CCPA and the GDPR, businesses need to use confidential information intelligently. Compliance: If done well, masked data not only satisfies business needs but also sovereign or industry requirements, like GDPR, CCPA, or PCI.

Encryption 100

Encryption Origination CCPA Returns 100

Segpay

DECEMBER 19, 2024

With growing concerns around data breaches, identity theft, and unauthorized access, organizations need to ensure that only authenticated users can access their systems and sensitive information. These adaptive security measures help mitigate potential breaches.

Verification 104

Verification Authentication MFA Compliance 104