PYMNTS

JULY 30, 2019

A former Amazon systems engineer working for Capital One is said to be the woman behind a breach that accessed the data of over 100 million people. Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached. Capital One revealed the massive data breach in a news release on July 29, 2019.

Breach 87

Breach Law Enforcement Data Breach Social Security 87

Basis Theory

OCTOBER 1, 2024

Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

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.

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Data Breach Breach Law Enforcement Encryption 72

VISTA InfoSec

JANUARY 22, 2024

It boils down to minimizing the risk of data breaches and maximizing the security of cardholder information. This is achieved through a multi-pronged approach: Data Encryption: Requirement 3 mandates the use of strong cryptographic controls such as encryption for stored cardholder data. PCI DSS v3.2.1 PCI DSS v4.0 PCI DSS v4.0

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PCI DSS Encryption Procedures Authorization 100

PYMNTS

NOVEMBER 30, 2018

In what may be among the largest data breaches in history, Marriott International said Friday morning (Nov. 30) that as many as 500 million guests’ data was accessed, tied to a breach of the Starwood hotel guest reservation database. The Marriott breach follows the Yahoo breach that affected roughly three billion accounts.

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Data Breach Breach Database Encryption 43

PYMNTS

DECEMBER 31, 2018

So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Even more disturbing, perhaps, is that 68 percent of those breaches took months for the breached companies to discover. The breach was believed to have seen 5 million cards compromised.

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Data Breach Breach Database Compromise 92

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

JANUARY 9, 2019

8) that his office, as well as 42 other state attorney generals, have settled with Neiman Marcus over a 2013 breach of customer payment card data at 77 of the retailer’s stores. The states’ investigations determined that around 370,000 payment cards were breached, including 8,323 associated with consumers in the state of Maryland.

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Breach Data Breach Settlement Payments 63

PYMNTS

JUNE 29, 2018

Another day, another (possible) data breach: Adidas revealed that it has come under attack from cybercriminals looking to steal personal information. The breach could potentially affect millions of customers, who were notified on Thursday (June 28) about the incident on the Adidas U.S.

Data Breach 40

Data Breach Breach Compromise Encryption 40

PYMNTS

OCTOBER 5, 2020

The panel’s standards apply to all entities that accept credit or debit card payments and are intended to ensure that these organizations are working to reduce their risks of security breaches and to minimize the damage of attacks that slip through their defenses. Compliance Complexities.

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Data Breach Breach PCI DSS Compliance 82

PYMNTS

OCTOBER 31, 2016

According to the report, the banking regulator said the data breach had to do with a former employee at the agency removing more than 10,000 records without receiving authorization to do so. The data on the thumb drives was encrypted, and there isn’t evidence that shows the data taken was misused or disclosed to anybody.

Office of the Comptroller of the Currency 74

Office of the Comptroller of the Currency Data Breach Breach OCC 74

PYMNTS

AUGUST 15, 2019

Des Moines, Iowa-based supermarket chain Hy-Vee said credit card information for an undisclosed number of customers were exposed in a data breach, according to reports. “Hy-Vee The systems that are being investigated for the data breach use point-to-point encryption, which supposedly makes seeing card data virtually impossible.

Credit Cards 47

Credit Cards Compromise Data Breach Law Enforcement 47

PYMNTS

DECEMBER 21, 2016

There was a time when data breaches were not a daily part of consumers’ day-to-day lives. customers found out that their personal information has been in the hands of hackers for the last few years, mostly due to out-of-date encryption and an apparent unwillingness on Yahoo!’ s part to believe their systems had been compromised.

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Breach EMV Compromise Push-to-Card 52

PYMNTS

AUGUST 25, 2019

The breach included the company’s API database with about 14 million customer usernames, email addresses and passwords out of a possible 29 million customers. . The company had been using scrambled encryption with the SHA-1 algorithm, which has since been discovered as being vulnerable to spoofing.

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Breach Database Encryption Compromise 44

PYMNTS

OCTOBER 25, 2017

Of all the sensitive personal data consumers and businesses would rather not see compromised, financial data is surely toward the top of the list. Nearly one-quarter of those 42 percent said the data breach occurred in the last year, up from 19 percent in 2016. Despite this, though, data security seems to be lagging.

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Breach Data Breach Encryption Data Security 41

PYMNTS

JANUARY 27, 2017

Eric Chiu, cofounder and president of HyTrust , joined this week’s Hacker Tracker to share insights on the SEC examining the Yahoo breaches, why a selfie app may cause more harm than good and how the U.S. Yahoo disclosed a breach of 500 million users’ data in Sept. 2013 had compromised even more user data.

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Data Breach Breach Security Risk 71

EBizCharge

JULY 19, 2024

Lack of encryption Encryption is essential for protecting sensitive cardholder data during transmission over public networks. Standard PDF forms don’t typically offer end-to-end encryption for data in transit or at rest, making the sensitive information vulnerable to interception or unauthorized access by cybercriminals.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

PYMNTS

JULY 19, 2020

France-based telecom company Orange reported that a ransomware attack had compromised the data of 20 enterprise customers on one of its servers, according to news site teiss. “Affected customers have already been informed by Orange teams, and Orange continues to monitor and investigate this breach.

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Ransomware Phishing Encryption Data Breach 60

PYMNTS

JULY 10, 2019

data protection authority will hit Marriott with a £99 million ($123 million) fine for a breach that exposed the data of up to 383 million guests. Last year the hotel company revealed that guests’ data was accessed, tied to a breach of the Starwood hotel guest reservation database. Marriott generated about $3.6

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Regulations Due Diligence Breach Data Breach 54

PYMNTS

SEPTEMBER 26, 2016

arguing that the Securities and Exchange Commission should open an investigation after the data breach last week — quite possibly the largest breach in history. Marissa Mayer, Yahoo’s chief executive officer, was not quick to announce that 500 million accounts had been compromised in the 2014 breach.

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Breach Compromise Data Breach Encryption 67

VISTA InfoSec

AUGUST 22, 2023

Altering or replacing compromised biometric traits is complex. Addressing these risks necessitates robust security measures, encryption, access controls, and breach response plans. Facts on Biometric Data Breaches and Fines Under GDPR 1. Robust consent mechanisms and data control options are crucial. Clearview AI Inc.

Privacy 130

Privacy Compliance Legal Best Practices 130

CoinRemitter

JULY 2, 2024

Shor’s Algorithm: The emergence of quantum computing can pose a serious threat of breaching the existing security measures. With consensus mechanisms compromised, the integrity and reliability of blockchain networks could be affected, leading to broader security concerns. It allows encryption keys to be shared with very high security.

Blockchain 40

Blockchain Security Encryption Transactions 40

PYMNTS

SEPTEMBER 28, 2016

Just last week, Yahoo fell victim to what could be the biggest data breach in the digital era. Over 500 million Yahoo accounts have been compromised by hackers, according to emerging reports. Mayer was reportedly not quick to announce that 500 million accounts had been compromised in the 2014 breach.

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Data Breach Breach Compromise Cybersecurity 75

PYMNTS

AUGUST 16, 2016

NSA’s team of elite hackers has reportedly been compromised, with an anonymous group, calling itself Shadow Brokers, saying it breached the systems used by the NSA’s elite team of hackers that go by the name of Equation Group. The sale is via a bitcoin auction. How much you pay for enemies’ cyberweapons?” We hack Equation Group.

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Breach Encryption Compromise Bitcoin 40

CB Insights

OCTOBER 18, 2018

Throughout 2017, the total number of enterprise records breached every day, hour, minute, and second each doubled from the year prior according to Breach Level Index (BLI). Data from the Verizon 2018 Data Breach Investigations Report shows that the attack-paths hackers take from initial compromise to final data breach are shrinking.

Cybersecurity 57

Cybersecurity Encryption Data Breach Data Security 57

PYMNTS

AUGUST 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. The alleged hacker, Paige Thompson, was a former employee of Amazon Web Services, which hosted the Capital One database that was breached. “We About five years ago, the company started moving its data to the cloud.

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Caps Security Cybersecurity Breach 67

PYMNTS

JANUARY 27, 2020

Businesses have good reason to be concerned about data breaches. Cybercriminals’ accomplishments come at the expense of targeted businesses, with a recent study finding that individual data breaches cost firms around the globe an average of $3.92 Two-factor authentication (2FA) or encrypting sensitive data can also help.

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Phishing Data Breach Breach Fraud Prevention 99

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

PYMNTS

APRIL 25, 2019

Two consumer websites have settled with the Federal Trade Commission (FTC) over allegations that they did not secure consumers’ data, allowing hackers to breach both sites. This led to a security breach that compromised the data of approximately 2.1 million users, including around 245,000 users who indicated they were under 13.

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FTC Data Security Security Consumer 53

PYMNTS

NOVEMBER 18, 2020

The company confirmed in the post that while its customer’s assets are secure, personal contact information and encrypted passwords might have been compromised in the attack. “We MPC-based and cold storage crypto wallets are secured and were not compromised.”.

Bitcoin 60

Bitcoin Compromise Cryptocurrency NOV 60

Stax

JULY 9, 2024

Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Compliance requires implementing robust security measures, such as encryption and authentication protocols, regularly auditing processes, and staying updated on regulatory changes.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

MARCH 26, 2019

The United States Supreme Court has rejected an appeal by online shoe company Zappos over a data breach in 2012 that compromised the information of 24 million customers, according to a report from Reuters. Zappos ’ argument is that because customers weren’t harmed by the data breach, a federal lawsuit should not be warranted.

Identity Theft 49

Identity Theft Data Breach Breach Encryption 49

Clearly Payments

MARCH 22, 2024

At the heart of mobile payment systems are Near Field Communication (NFC), Quick Response (QR) codes, and secure elements such as encryption and tokenization. Encryption ensures that data transmitted during a transaction is scrambled and unreadable to unauthorized parties. Security is a critical component of mobile payment technology.

Contactless Payments 102

Contactless Payments Online and Mobile Banking Mobile Payments Payments 102

PYMNTS

NOVEMBER 18, 2016

Adobe is reportedly only paying $1 million over a lawsuit that has to deal with its data breach back in 2013 that put the payment records of around 38 million at risk. According to Krebs on Security , the $1 million goes to settle a lawsuit by 15 attorney generals stemming from that data breach.

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Data Breach Breach Compromise Encryption 62

PYMNTS

DECEMBER 19, 2016

While Yahoo can’t seem to shake the consequences of its massive data breach, Costco may have finally gotten things right with its co-branded credit card, and IBM is keeping its eye on the blockchain prize. Yahoo’s Breach Bungles. The latest data breach is double the size of the other one, which has delayed the closing of the deal.

Credit Cards 46

Credit Cards Breach Blockchain Data Breach 46

PYMNTS

NOVEMBER 15, 2017

Fashion retailer Forever 21 revealed that it has suffered a data breach at some of its stores. According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating.

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Data Breach Encryption Breach Compromise 60

PayHawk

AUGUST 29, 2023

Get Started with Secure Payments Navigating the Complexities of Secure Payment Systems In the intricate dance of business, the rhythm of secure payment systems is a melody that cannot be compromised. Many challenges lie in the path of businesses, from potential data breaches to fraud attempts.

Process 52

Process Security PCI DSS Payments 52