PYMNTS

JUNE 21, 2019

Canadian lender Desjardins Group revealed that it has been the victim of a data breach that could impact more than 2.9 Desjardins, the largest association of credit unions in North America, explained that the breach is the result of unauthorized and illegal use of the company’s data by an employee who has since been fired.

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PYMNTS

SEPTEMBER 11, 2017

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. My understanding is the breach was perpetuated via the Apache STRUTS flaw,” Meuler told The Post. consumers, putting them at risk of identity theft.

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PYMNTS

JANUARY 11, 2021

Robinhood has insisted its internal systems weren't compromised and that unauthorized access was due to identity theft. Only when news outlets reported on the breach did Robinhood acknowledge it had occurred.". This lets investors of limited means buy stakes in high-priced equities.

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Accounts Identity Theft Breach Laws 96

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. Take Marriott , which is still dealing with the fallout of a breach that left the data of 500 million rewards customers exposed. Inverting the Fraud Approach.

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Identity Theft Data Breach Breach Verification 63

PYMNTS

JANUARY 24, 2017

According to a report highlighting findings from the Identity Theft Resource Center and CyberScout, data breaches in the U.S. The financial services industry accounted for only 52 of the breaches tracked, or 4.8 Some 64 percent of all data breaches involve identity and personal data theft.

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Data Breach Breach Identity Theft Phishing 40

PYMNTS

JUNE 6, 2016

Reports of data breaches and cyberattacks are serious, but what happens when those claims are untrue? According to Krebs on Security , last week, several identity theft protection companies incorrectly named Dropbox as the source of a data breach that compromised nearly 73 million usernames and passwords.

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Data Breach Breach Identity Theft Compromise 42

PYMNTS

MARCH 12, 2018

district court in San Jose, California, ruled late last week that most of a lawsuit concerning Yahoo’s data breach, which exposed 3 billion users’ personal data, can proceed. to get the claims tossed out, including allegations of negligence and breach of contract. According to news from Reuters , U.S. Back in Oct.

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Breach Identity Theft Data Breach Cybersecurity 40

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.

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Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

JUNE 21, 2016

The company notes that the credentials may have been breached by a third party between the dates of May 12, 2015 and April 28, 2016. The company noted that the breach has been reported to its credit card processor along with federal law enforcement officials. Canada and Puerto Rico, according to a letter from the company.

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Compromise Identity Theft Federal Trade Commission Credential 42

PYMNTS

MARCH 16, 2017

The Department of Justice bringing charges against two spies in Russia and two hackers who allegedly took part in the massive data breach that rocked Yahoo recently has now shed light on exactly how these breaches took place. According to Palmore, that initial breach eventually led the exposure of more than 500 million user accounts.

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FBI Breach Identity Theft Data Breach 46

VISTA InfoSec

SEPTEMBER 15, 2023

Report any Personal Data Breaches to both the Data Protection Board and Data Principals. Personal Data Breach A Data Fiduciary must safeguard personal data and prevent breaches, including those by Data Processors (Clause 8 (5), DPDP Act). Clause 8(1), DPDP Act. Clause 8(6), DPDP Act.) Clause 10(2)(c) DPDP Act.)

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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.

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Identity Theft Data Breach Breach Encryption 49

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

PYMNTS

DECEMBER 21, 2016

There was a time when data breaches were not a daily part of consumers’ day-to-day lives. s part to believe their systems had been compromised. How did consumers go from leading lives mostly free from data fraud and identity theft to one where such hacks, skims and breaches are part of the everyday background noise?

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Breach EMV Compromise Push-to-Card 52

PYMNTS

AUGUST 25, 2016

As the list of retailers and service providers breached by hackers seems to be ever-growing, it seems the organizations that suffer at the hands of data thieves have a related but separate problem to worry about. Customers are watching and making decisions about where to shop based on security questions more than they ever have.

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Breach Consumer Identity Theft Compromise 40

PYMNTS

MARCH 29, 2017

Data and analytics startup XOR Data Exchange announced it will provide a free resource to online retailers to help businesses identify and mitigate the risk of identity theft. Participating online retailers will also have access to recent data breach activity and the format of any compromised account passwords via the platform.

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Identity Theft Compromise Data Breach Breach 40

PYMNTS

MARCH 29, 2017

Online retailers just got a new tool in the fight against identity theft and fraud. XOR Data Exchange , Austin-based data and analytics startup, just recently introduced a new resource for online retailers to fight the account takeovers as the number data breaches that include account login credentials grows. and globally.

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Fraud Prevention Account Takeovers Identity Theft Data Breach 40

PYMNTS

SEPTEMBER 22, 2017

The hits just keep coming for Equifax: Summit Credit Union has filed a lawsuit against the credit reporting agency in response to the massive data breach that compromised the personal data of around 143 million people. The lawsuit, which is seeking class action status, details how the data breach can cost financial institutions.

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Credit Union Data Breach Breach Identity Theft 54

PYMNTS

JUNE 14, 2018

Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9 But individual consumers aren’t the only victims of identity theft.

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Identity Theft Wire Transfer Crime Email Compromise 43

PYMNTS

MARCH 2, 2018

Like breaches , for example. Thursday was the same day the company said that more individuals in the United States were hit by last year’s data breach than had been initially estimated. That’s a lot of compromised data, of course. The latest tally comes to 147.9 million, up 2.4 Investigations continue, said the company.

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Breach Data Breach Identity Theft Data Security 41

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

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Deepfake APACS Scams Authentication 120

FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? It’s estimated that half of all data breaches occur through third parties. FICO’s Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle. by FICO.

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Cybersecurity Identity Theft Data Breach Risk Management 40

PYMNTS

MARCH 1, 2019

Equifax’s expansion of small business credit scoring data services followed a class action lawsuit filed in 2017 by small business owners related to its massive data breach that year. ” . ”

Small Business 47

Small Business Identity Theft Breach Data Breach 47

FICO

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? It's estimated that half of all data breaches occur through third parties. FICO's Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

FICO

FEBRUARY 7, 2018

Not only are they stealing data from profile information that is open on the web, they are also breaching poorly defended mobile apps that collect personal information. This is achieved by using analytics to link transactions that were later determined to be fraudulent.

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APACS Identity Theft Online and Mobile Banking Credit Cards 58

FICO

AUGUST 2, 2018

In the last year, FICO have observed an increasing number of brute force application fraud attacks – an identity-based threat vector. The increase in third-party fraud, also known as identity theft, is primarily driven by cyber breach events that compromise personally identifiable information (PII).

Identity Theft 40

Identity Theft Chip Cards EMV CHIPS 40

PYMNTS

OCTOBER 4, 2017

Yahoo announced that it now believes a 2013 security breach exposed all 3 billion of its users at the time. Initially, Yahoo announced that 1 billion accounts had been compromised. Verizon was able to purchase Verizon for $350 million less than expected due to the 2013 data breach and a subsequent 2014 hack. Baratov faces U.S.

Identity Theft 40

Identity Theft Breach Data Breach Wires 40

VISTA InfoSec

AUGUST 22, 2023

Altering or replacing compromised biometric traits is complex. Unauthorized Access and Misuse: Insufficient protection of biometric data exposes it to unauthorized access and misuse, potentially resulting in identity theft or fraud. Facts on Biometric Data Breaches and Fines Under GDPR 1. Clearview AI Inc.

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Privacy Compliance Legal Best Practices 130

PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. 1,093 data breaches hit entities in the U.S. 1,093 data breaches hit entities in the U.S.

Data Security 54

Data Security Governance Government Data Breach 54

FICO

MAY 15, 2018

As a drumbeat of data breaches becomes the new reality — 42% of organizations breached in 2017 were breached in the past — it’s easy for consumers to throw up their hands and brace themselves for becoming a victim of identity theft or other financial crime. Four Steps to Protect Yourself from Charity Fraud.

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IRS Data Breach Identity Theft Breach 63

FICO

APRIL 16, 2019

Stopping Fraud - Identity Theft. Identity theft also remained a key priority for four-in-ten banks. Exposure is increasing in this area, given the rise in digital customer acquisition and the proliferation of compromised data from cyberattacks in APAC,” said McConaghy. “A of compromised records worldwide.

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APACS Identity Theft Compromise Blocks 40

PYMNTS

MAY 30, 2018

Baratov has pleaded guilty to conspiracy to commit computer fraud and identity theft in November, noted Bloomberg. In October Yahoo announced that it now believes a 2013 security breach exposed all 3 billion of its users at the time. Initially, Yahoo announced that 1 billion accounts had been compromised.

Identity Theft 44

Identity Theft Breach Phishing Scams 44

PYMNTS

JULY 10, 2019

Besides identity theft, malware and viruses, there are phishing scams, data breaches and other unknown issues that can compromise computers and daily life. Privacy is the new currency in a time when browsing the internet can be a lot like walking through a crime-ridden neighborhood.

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Privacy Identity Theft Regulatory Compliance Data Breach 40

PYMNTS

JULY 27, 2016

Robert Siciliano, security expert and CEO of IDTheftSecurity.com, said that the huge jump in the instances of credit card fraud complaints last year are due to the increase number of data breaches that have taken place within the last five years. But since then, reported breaches have more than doubled.

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Credit Cards Federal Trade Commission Data Breach Identity Theft 43

PYMNTS

OCTOBER 26, 2016

From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks. Going Beyond PCI. to provide additional layers of security.

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Payment Security Security Identity Theft Compromise 81

Clearly Payments

MARCH 22, 2024

This means that even if a transaction is compromised, the actual card details remain secure. Biometric authentication, such as fingerprint or facial recognition, is increasingly used to verify the identity of the user, adding a personal layer of security to the transaction process.

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Contactless Payments Online and Mobile Banking Mobile Payments Payments 102

PYMNTS

OCTOBER 8, 2018

The drill is well-known now, with a litany of familiar names amid data breaches. For Onfido, which verifies individual identities as people wield photo-based ID documents, tackling fraud is a matter of making sure identity documents are genuine. The problem is that the data has been compromised,” said Trilli.

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Identity Theft Verification Database Authentication 71