VISTA InfoSec

JUNE 27, 2024

In a recent development that has raised concerns across the education sector, Los Angeles Unified School District (LAUSD) has confirmed a significant data breach involving student information. Conclusion The ramifications of this breach extend beyond immediate security concerns. As the situation unfolds, LAUSD and Snowflake Inc.

FBI 130

FBI Breach MFA Cybersecurity 130

VISTA InfoSec

APRIL 5, 2024

The following are some of the consequences when data privacy and security are compromised: Productivity loss. Operational interruption happens when cybersecurity is breached. Data breaches don’t easily get overlooked. Tainted reputation. More than 80% of cyberattacks are attributed to human error.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

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

VISTA InfoSec

MAY 12, 2024

When used, these devices will collect payment details without the merchant’s knowledge, compromising customer data security. Hackers have often succeeded in breaching password-protected systems through brute force attacks, guessing, or using “keyloggers” that record keystrokes.

PCI DSS 277

PCI DSS Security Compromise Best Practices 277

The Fintech Times

DECEMBER 11, 2023

Today, we bring you insights from industry leaders regarding the changing dynamics of cybersecurity threats and trends in 2024, including AI’s impact, behavioural biometrics, fraud prevention, masking and enhanced security for financial services. In turn, this often leads to the reuse of the same password across multiple platforms.

Cybersecurity 139

Cybersecurity Ransomware Authentication AI 139

The Fintech Times

SEPTEMBER 5, 2024

CrowdStrike: A wake-up call On 19 July 2024, a faulty software update from cybersecurity company CrowdStrike hit 8.5 The excessive concentration of executive control and the rigidity of their processes can lead to single points of failure that, when compromised, can bring the entire payment process to a halt.

Financial Crimes 64

Financial Crimes Mitigation Cybersecurity Crime 64

The Fintech Times

MAY 15, 2024

In a move to bolster cybersecurity and protections for AI models against hacking and sabotage, the UK government has officially unveiled a host of new measures, which also hope to set a new global standard. The codes set out requirements for developers to make products more resilient against tampering, hacking, and sabotage.

Cybersecurity 72

Cybersecurity AI Governance Government 72

VISTA InfoSec

JUNE 3, 2024

The Importance of a Strong Password Policy A strong password policy is a cornerstone of any cybersecurity strategy. Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals.

MFA 130

MFA Credential PCI DSS Compliance 130

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

Best Practices 52

Best Practices Data Breach Breach Phishing 52

VISTA InfoSec

JUNE 7, 2024

It thus evaluates every new access individually to account for the possibility that previously authorized users have been compromised or organizational policies have changed. As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises.

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Micro-Entry Data Breach Breach Cybersecurity 162

The Finance Weekly

JUNE 7, 2022

Hack may not be the most comforting word in describing cyber security strategies, but it is nonetheless of paramount importance to defend against cybersecurity breaches. While these threats are an inevitable cancer in the age of digitization, anyone can prevent the potential crises that may emerge from cybersecurity issues.

Cybersecurity 52

Cybersecurity Breach Privacy Risk Management 52

PYMNTS

OCTOBER 12, 2020

With over 5,000 cybersecurity vendors in the U.S. But that problem could be a thing of the past thanks to the launch of the world’s first B2B cybersecurity marketplace that enables buyers to easily search, compare pricing and purchase the right IT solution in one place.

Cybersecurity 83

Cybersecurity B2B Email Compromise Business Email Compromise 83

The Fintech Times

APRIL 11, 2024

The Egress report highlights organisations’ evolving cybersecurity challenges, particularly involving phishing attacks, and has sparked concern among industry experts and cybersecurity leaders. This will ultimately safeguard critical data and reduce the impact on individuals and organisations.

Phishing 69

Phishing Cybersecurity Compromise Ransomware 69

The Fintech Times

JULY 30, 2024

The cost of data breaches has been on a steady incline for the past decade. However, evidence from IBM , a multinational tech firm, suggests that in the next 10 years, breaches could cost a lot more as we just experienced the highest year-on-year jump in cyber attacks (10 per cent).

Data Breach 59

Data Breach Breach AI Law Enforcement 59

PYMNTS

JULY 24, 2020

. “We are not aware of any data breach at this time,” an Instacart spokesperson told BuzzFeed News. “We ” But on the contrary, Nick Espinosa , head of cybersecurity firm Security Fanatics , said the data looked “recent and totally legit,” Buzzfeed News reported.

Data Breach 86

Data Breach Breach Phishing Duplicate 86

PYMNTS

AUGUST 16, 2019

did not have basic cybersecurity safeguards while it ran a service powered by artificial intelligence (AI) on the carrier’s website last year and in 2017, The Wall Street Journal reported. The suit claims that [24]7 waited over five months to tell the airline about the breach instead of immediately informing it.

Data Breach 84

Data Breach Breach Multifactor Authentication Credential 84

PYMNTS

SEPTEMBER 27, 2020

But the Financial Times (FT) reported moving from a furnished office space to a living room table can present cybersecurity risks. IBM reported the average cost of a single breach for a business is nearly $4 million, according to FT. Once rare, telecommuting has become routine during the pandemic.

Security 129

Security Cybersecurity Breach Crime 129

PYMNTS

DECEMBER 20, 2019

Gas station and convenience store chain Wawa said it discovered a data breach in which thousands of customers’ debit and credit card information was stolen, according to a report by CNBC. Wawa said its team stopped the breach on Dec. Wawa said its team stopped the breach on Dec.

Data Breach 52

Data Breach Breach Identity Theft Credit Cards 52

The Fintech Times

OCTOBER 18, 2024

Cyber risks : This risk includes threats such as hardware and software failures, spam, viruses, malicious attacks, and other IT-related issues that can compromise a company’s digital infrastructure. Invest in cybersecurity : Given the high stakes of data breaches, fintech leaders must prioritise investments in cybersecurity.

Risk 108

Risk FinTech Risk Management Cybersecurity 108

PYMNTS

NOVEMBER 28, 2018

Their argument, reports in the Wall Street Journal said, is that small businesses are held to the same standards as large corporates when they suffer a data breach — even if the small business is found to not be at fault. One case, however, involved more than 35,000 compromised files.

Small Business 78

Small Business Cybersecurity Ransomware Compromise 78

VISTA InfoSec

OCTOBER 21, 2024

The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security can’t be emphasized enough. The rise of social engineering tactics further complicates the cyber security landscape.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

OCTOBER 18, 2018

First Data’s 2018 Consumer Cybersecurity Study is based on data from 1,767 U.S. In fact, nearly one-fourth of consumers within each generation assume their personal information is safe unless notified of a breach.

Compromise 64

Compromise Data Breach Breach Cybersecurity 64

VISTA InfoSec

JUNE 19, 2024

However, this convenience comes with significant cyber risks that can compromise sensitive information and privacy. Malware and Ransomware Malware and ransomware are significant threats in the realm of video communication, with attackers leveraging these tools to compromise devices and networks.

Risk 277

Risk Ransomware Phishing MFA 277

Payments Source

FEBRUARY 21, 2019

By using the dark web as a cybersecurity tool, instead of an ungovernable threat, financial institutions can intercede and interdict compromised card data post-breach, pre-fraud, writes Ted Kirk, vice president of strategic partnerships for Advanced Fraud Solutions.

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Compromise Cybersecurity Breach Payments 118

PYMNTS

MARCH 6, 2018

After its point of sale (POS) systems were reportedly affected by malware designed to capture credit card information, RMH Franchise Holdings is warning that its Applebee’s restaurants in 15 states suffered a data breach. RMH became aware of the breach on Feb. 13 and “promptly took steps to ensure that it had been contained.”

Data Breach 56

Data Breach Breach Point-of-Sale (POS) Law Enforcement 56

VISTA InfoSec

OCTOBER 21, 2024

Turning on this feature helps foil the automated brute force attacks that hackers often employ to breach the accounts of uninformed or tragically insouciant wallet owners. The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

PYMNTS

FEBRUARY 14, 2019

Remember how all those names, addresses, dates of birth, Social Security and drivers’ license numbers and other information were stolen in September of 2017 – the information of some 143 million people – in what still stands as the one of the biggest data breaches of all time? Breach Confusion. Marriott Similarity?

Breach 76

Breach Data Breach Cybersecurity Governance 76

FICO

OCTOBER 10, 2016

This, in the public domain, is the single largest cyber-breach in history, affecting an estimated 500 million Yahoo users and potentially compromising their personal, demographic, contact and security information. Getting ready for future breaches is critical. But when I made my predicton, this crime had already happened.

Crime 83

Crime Cybersecurity Breach Data Breach 83

PYMNTS

DECEMBER 15, 2016

14) that a new cybersecurity breach incident has affected over a billion of its users and their private data. This billion-user figure means this newest hack is the largest data breach in the digital era. billion buyout of its core assets, said it would review the impact of the latest breach.

Data Breach 72

Data Breach Breach Law Enforcement Encryption 72

PYMNTS

SEPTEMBER 21, 2019

As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. 149,000: the average cost of a data breach for a small-to-medium sized business , according to AppRiver.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

JANUARY 29, 2019

Cybersecurity can seem an overwhelming challenge to organizations considering the pace of cyber-attackers’ evolution that seems to force cybersecurity solution providers into a perpetual game of catch-up. Cisco also found that GDPR compliant businesses were less likely to suffer a financial loss as a result of a data breach.

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

PYMNTS

JANUARY 10, 2020

Dixons Carphone is staring down the barrel of a £500,000 (about $650,000) fine by the Information Commissioner’s Office over an incident of compromised data that affected over 14 million customers, according to published reports Thursday (Jan. Due to the breach, 5.6 Due to the breach, 5.6

Breach 52

Breach Consumer Compromise CHIPS 52

CB Insights

OCTOBER 18, 2018

Corporations increased the number of times they mentioned cybersecurity on earnings calls nearly three-fold since 2014, according to CB Insights data. The increase in cybersecurity talk is not surprising given the fact that last year stolen data records worldwide exceeded 2 billion for the first time.

Cybersecurity 57

Cybersecurity Encryption Data Breach Data Security 57

PYMNTS

MAY 14, 2019

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC. The retailer has asked customers to create new passwords that are harder to guess to lower the chances of getting hacked.

Compromise 65

Compromise Accounts FBI Law Enforcement 65

PYMNTS

FEBRUARY 20, 2019

Cybersecurity experts are urging small business (SMB) owners to not ignore the risks they face from cyberattacks. The service includes educational materials as well, like training videos and guidance on internal cybersecurity policy development. In a press release on Tuesday (Feb. In a press release on Tuesday (Feb. Education Is Key.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

Clearly Payments

MARCH 4, 2024

From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013. Over 40 million credit and debit card accounts compromised.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

FEBRUARY 21, 2017

When a company is hit with a data breach that leads to the leak of consumer information, the event will make headlines. Not so much, however, when a breach results in the compromise of sensitive corporate data, like information on M&A plans or intellectual property. CEOs have cybersecurity in their line of sight for sure.

Data Breach 53

Data Breach Breach Cybersecurity Compromise 53