VISTA InfoSec

APRIL 3, 2024

Beyond the immediate financial repercussions, a breach can severely damage a company’s reputation and erode the trust it has built with its customers. Whether it’s customer information, financial records, or internal communications, encrypting this data can help safeguard enterprises’ information even in the event of a breach.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

PYMNTS

JUNE 29, 2020

Open banking comes with security risks, however, as a hacker that manages to breach an open banking API can hijack all of the apps that harness this interface to gather data. The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems.

MFA 96

MFA Risk Security API 96

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. Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. What is SSL/TLS?

PCI DSS 88

PCI DSS Payment Security Security MFA 88

EBizCharge

JULY 19, 2024

Insecure storage Storing payment card data requires secure systems to prevent breaches. PDF forms generally can’t enforce role-based access control or multi-factor authentication (MFA), which are fundamental to PCI compliance. When a completed PDF form is saved, the cardholder data is often stored without adequate security controls.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

PYMNTS

OCTOBER 21, 2020

Companies charged with protecting people’s data lost ground in 2020, after an abysmal 2019 of breathtaking data breaches. This means that even one compromised account could threaten all others that rely on the same credentials, potentially costing victims a fortune in stolen money and data.”. P2P Is A Double-Edged Sword.

P2P 56

P2P Security MFA Financial Crimes 56

Basis Theory

OCTOBER 1, 2024

If an actual data breach does occur, companies can also expect fines for anyone whose data has been breached or has been affected in some way by a data breach. Legal Action : Breached organizations subject themselves to expensive litigation from impacted customers, cardholders, and banks.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

PYMNTS

FEBRUARY 8, 2019

IBM data said the average cost of a data breach is $3.86 A successful email campaign that steals the password of a company’s Uber account could also compromise an organization’s online banking credentials or accounting app login information. “That’s one area where you see these big breaches.”

Phishing 66

Phishing Payment APIs and Integration MFA Credential 66

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. The Importance of Security Awareness Training The fact that so many data breaches occur due to human error highlights the importance of security awareness training.

Security 52

Security Phishing Best Practices Data Breach 52

PYMNTS

JULY 13, 2020

A more focused ATO attack type is known as credential stuffing , which is typically conducted by hackers who possess customer login details that have been exposed in data breaches. This approach can make it more difficult for bots to rely on random guesses to crack into accounts by simply plugging in common password and username combinations.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

Stax

JULY 9, 2024

Data breaches that compromise consumer payment or sensitive business data, identity theft, and other forms of fraudulent transactions are all current threats of doing business—however, that is simply part of doing business in today’s digital age. What is the future of EFTs?

Electronic Fund Transfer Act (EFTA) 88

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

FICO

SEPTEMBER 17, 2018

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. Cosmos Bank in India recently had $13.5 Layer 2 – Authentication.

Cybersecurity 45

Cybersecurity Multi-Currency MFA ATM 45

FICO

SEPTEMBER 19, 2018

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. This layer covers password policies, two-factor and multi-factor authentication (MFA), device profiling, etc. Cosmos Bank in India recently had $13.5 Layer 2 – Authentication.

Cybersecurity 40

Cybersecurity Multi-Currency MFA ATM 40