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).

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Stax

MAY 6, 2024

When you think about growing your business, improving data security probably isn’t at the top of your list—and that’s understandable. After all, the topic of security doesn’t sound as exciting as that latest Instagram hack and isn’t as immediately impactful as a new sales tactic. Is my ecosystem locked?

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Data Security PCI DSS ISVS Compliance 88

Bank Automation

DECEMBER 21, 2023

Fraudsters continue to do damage in the finance industry, evidenced by recent attacks against Fidelity National Financial and Mr. Cooper, and financial institutions must strengthen their systems to avoid hacks and respond to breaches. In 2023, the average cost of a data breach in the financial industry was $5.9

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Compromise Data Breach Breach Finance 74

Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. billion digital wallet users, or 42.6%

PCI DSS 88

PCI DSS Payment Security Security MFA 88

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?

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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. 5 / 5 ( 1 vote )

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VISTA InfoSec

JUNE 3, 2024

Data should be handled securely and confidentially to prevent unauthorized access. One of the fundamental principles of GDPR is to ensure the security and confidentiality of personal data. Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals.

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PYMNTS

JUNE 24, 2020

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. Data breaches have not slowed during the pandemic. The company introduced new measures for privacy in response, letting users hide their phone number from everyone.

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PYMNTS

NOVEMBER 2, 2018

The Radisson Hotel Group suffered a data breach that impacted its loyalty and rewards program customers, reported ZDNet. ZDNet noted Radisson Hotel Group said no financial data or passwords were impacted by the breach. Upon identifying this issue Radisson Rewards immediately revoked access to the unauthorized person(s).

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Breach Compromise Data Breach Privacy 57

PYMNTS

FEBRUARY 1, 2019

An Indian web system — used to mark attendance for government workers, which records names, photos and unique Aadhaar numbers — was easily compromised, and led to the access of private information for thousands of workers, reports showed. . The UIDAI, for its part, calls breaches “fake news,” and simply denies evidence of any weaknesses.

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Compromise Breach Database Social Security 40

Payments Source

AUGUST 19, 2016

Eddie Bauer acknowledged that a data breach compromised credit cards used in its 350 stores during the first six and a half months of 2016.

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Compromise Breach Data Breach Credit Cards 69

The Fintech Times

JUNE 3, 2024

Using the world’s largest proprietary risk and threat intelligence dataset, SecurityScorecard , the cybersecurity analyser, studied cybersecurity breaches across the UK’s 100 largest companies by market capitalisation, releasing a comprehensive analysis of the landscape of the FTSE 100 in the UK. None of them received a C rating or below.

Third Party Vendors 111

Third Party Vendors Cybersecurity Breach Risk Management 111

Fintech News

DECEMBER 14, 2023

Or what are the biggest threats or security gaps causing IT and security teams to lose sleep at night? Or a new security flaw in some omnipresent software? And I reply that the truth is that breaches – even big, expensive, reputation-tarnishing breaches – often happen because of simple, mundane things.

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Security Breach Rules Ransomware 109

VISTA InfoSec

JUNE 7, 2024

As flexible working arrangements become increasingly common across every industry, companies need secure, dependable ways to grant remote employees online access to company data, services, and applications. 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

PYMNTS

FEBRUARY 1, 2019

Home improvement startup Houzz revealed that it suffered a data breach. The company said in a FAQ on its website that the breach was discovered in late December 2018, and that “a file containing some of our user data was obtained by an unauthorized third party.”.

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Data Breach Breach Law Enforcement Encryption 80

PYMNTS

APRIL 5, 2018

Sears, the department store operator, and Delta Air Lines, the airline operator, disclosed Wednesday (April 4) that payment information of some of their customers could have been exposed as part of a data breach at [24]7.ai, Sears noted its stores and internal systems were left out of the breach as well. ai, the software provider.

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PYMNTS

JUNE 23, 2020

Twitter has issued an apology to its business clients acknowledging that personal information may have been compromised, the BBC reported. The tech company said there’s no evidence billing information was compromised. This is not the first time Twitter has been exposed to a data breach. We’re very sorry this happened.

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Data Breach Breach Compromise Credit Cards 61

VISTA InfoSec

JULY 19, 2024

It affects how secure the hardware is, as well as how well data stays safe. This is why it’s extremely important for them to design electronic devices with security in mind. That is, to only use PCBs with robust security features. All other security measures, including software and network security, are simply built upon it.

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Cybersecurity Encryption Fraud Detection CHIPS 243

PYMNTS

APRIL 19, 2019

Chipotle Mexican Grill has been the victim of a cyberattack that compromised the credit card payment information for a small number of customers. “The privacy and security of our customer information is very important,” said Laurie Schalow, chief communications officer at Chipotle, according to Mobile Payments Today.

Credential 76

Credential Compromise Credit Cards Payments 76

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. This article delves into common pitfalls that can undermine the security efforts of commercial enterprises. Let’s get started.

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PYMNTS

NOVEMBER 24, 2019

A recent data breach exposed the personal data of more than 1 million prepaid T-Mobile customers, reports said on Friday (Nov. The information exposed did not include any financial information, social security numbers or password data. The company found that in 2018, breaches cost a company $1.23 SMBs in the U.S.

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Data Breach Breach Social Security Risk 81

Fintech News

MAY 27, 2024

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

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APACS FinTech Data Breach Fraud Prevention 112

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.

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Breach Law Enforcement Data Breach Social Security 87

PYMNTS

JULY 12, 2020

Delivery startup Dunzo , India’s food and grocery delivery service backed Google , has suffered a data breach, The News Minute reported. The company’s databases were compromised including users’ contact details and email addresses. Dunzo has launched an internal investigation, the online news service reported.

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Data Breach Breach Database Compromise 80

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

PYMNTS

NOVEMBER 7, 2019

Capital One ’s chief information security officer (CISO), Michael Johnson, is being transferred to a new position following the bank’s colossal cyberattack in July, The Wall Street Journal (WSJ) reported Thursday (Nov. Capital One employees raised red flags over security risks before the company suffered a massive data breach.

Data Breach 40

Data Breach Breach Security FBI 40

PYMNTS

AUGUST 16, 2019

The suit claims that [24]7 waited over five months to tell the airline about the breach instead of immediately informing it. The airline claims that 24[7] fell short of implementing basic security controls like forbidding workers from using the same login credentials or requiring multifactor authentication for employees accessing source code.

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Data Breach Breach Multifactor Authentication Credential 84

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. We promptly reported this to authorities.

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Data Breach Breach Identity Theft Credit Cards 52

PYMNTS

JUNE 3, 2019

million were compromised and exposed in a data breach of an agency that collects money for Quest Diagnostics and UnitedHealth Group, according to a report by Bloomberg. Quest revealed the information in a securities filing. It has also relocated online payments to a third party and hired security experts.

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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.

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PYMNTS

DECEMBER 27, 2019

Multiple lawsuits seeking class action status have been filed in Philadelphia over a data breach at Wawa convenience stores, which affected 850 locations along the East Coast of the U.S., Wawa recently came forward with information that it found malware on its payment processing servers, and that it stopped the breach on Dec.

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Data Breach Breach Identity Theft Debit Card 52

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.

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Compromise Accounts FBI Law Enforcement 65

PYMNTS

NOVEMBER 12, 2018

Nordstrom has suffered a data breach that exposed employee names, Social Security numbers, dates of birth, checking account and routing numbers, salaries and more. The company spokesperson said customer data was not affected in the breach. The retailer isn’t the first to be hit with a breach.

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Breach Law Enforcement Data Breach Social Security 75

PYMNTS

JANUARY 18, 2019

The largest public data breach ever has been discovered, according to Gizmodo. The breach is just one data batch of at least six more, collected by someone trying to sell the stolen info, which amounts to almost 1 terabyte of stolen information. Users of HIBP can enter their email into a query and see if it’s been compromised.

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Data Breach Breach Credential Compromise 63

PYMNTS

JUNE 25, 2019

Facebook is still legally on the hook for a September data breach that affected 30 million of their customers. Facebook had moved to have the case dismissed — but a federal appeals judge has shot down that argument, saying the case against Facebook for negligence and for failing to secure users’ data will proceed.

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Data Breach Breach Compromise Legal 74

PYMNTS

AUGUST 1, 2019

UniCredit , in a memo to its staff on Thursday, said that an internal investigation showed no evidence that a recent data breach at Capital One involved any of its own data, according to a report by Reuters. Additionally, there is no indication of an intrusion or data breach involving Infoblox causing any customer data to be exposed.”.

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Breach Compromise Data Breach Security 43

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. Hold That Selfie.

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Data Breach Breach Security Risk 71