PYMNTS

FEBRUARY 1, 2021

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. 19 percent fewer data breaches occurred in the U.S. The campaign is targeting businesses across the U.S.,

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Data Breach Breach Business Email Compromise Scams 136

VISTA InfoSec

JUNE 3, 2024

The Importance of a Strong Password Policy A strong password policy is a cornerstone of any cybersecurity strategy. According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords. SAMA compliance: Saudi Arabian Monetary Authority regulations for cybersecurity.

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MFA Credential PCI DSS Compliance 130

VISTA InfoSec

JUNE 19, 2024

For instance, an attacker might send an email that appears to be from a trusted video communication platform, prompting you to click on a link to verify your account or update credentials. Enforcing these policies ensures consistent adherence across the organization, reducing the risk of security breaches.

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Risk Ransomware Phishing MFA 277

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.

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Data Breach Breach Multifactor Authentication Credential 84

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.

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FBI Breach MFA Cybersecurity 130

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. Why is that?

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Crime Cybersecurity Breach Data Breach 83

PYMNTS

JULY 24, 2020

“We are not aware of any data breach at this time,” an Instacart spokesperson told BuzzFeed News. “We Outside of the Instacart platform, attackers may target individuals using phishing or credential stuffing techniques. Instacart said that had never happened. We take data protection and privacy very seriously.

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PYMNTS

DECEMBER 22, 2016

Corporates large and small are “naïve” about their cybersecurity risks, according to a new report. That’s despite 80 percent of CEOs expressing confidence in existing cybersecurity strategies. Meanwhile, 20 percent cited a lost device for the cause of a breach. companies’ cybersecurity measures.

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Cybersecurity Research Phishing Breach 68

CB Insights

MARCH 27, 2019

Cybersecurity is a hot topic today. Already this year, at least 30 organizations — including coffee chain Dunkin’ and cloud provider Rubrik — experienced major data breaches. Future of Cybersecurity: Trends & Startups To Watch. Future of Cybersecurity: Trends & Startups To Watch.

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Cybersecurity Encryption Data Breach Breach 76

FICO

DECEMBER 18, 2017

That 1849 quip from Jean-Baptiste Alphonse Karr somehow seems fitting for today’s cybersecurity industry. In 2017 we saw massive change in the speed, creativity and magnitude of attacks — yet the industry plodded along on important issues such as timely data breach disclosures. Sure, it’s difficult. Follow me on Twitter @dougoclare.

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Cybersecurity Authentication Credential Ubiquitous 73

VISTA InfoSec

NOVEMBER 7, 2023

What is Cybersecurity? Put simply, cybersecurity is any security system that protects our digital assets. Brute force attacks : Cyber attackers use trial-and-error methods to guess login credentials, exploiting weak passwords. System verification : The system checks the entered credentials.

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Authentication MFA Cybersecurity Credential 130

Fintech News

JUNE 10, 2024

The authorities urge organisations to adopt robust cybersecurity measures to protect against these attacks. Akira affiliates gain initial access by exploiting vulnerabilities, brute-forcing services like Remote Desktop Protocol (RDP), social engineering, and using compromised credentials.

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PYMNTS

OCTOBER 12, 2018

FitMetrix , a fitness technology and performance tracking company owned by MINDBODY , has suffered a data breach that could impact 113.5 Bob Diachenko, Hacken ’s director of cyber risk research, revealed the breach was caused by several servers that were left without a password. million users.

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Data Breach Breach Database Credential 67

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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Data Breach Best Practices Breach Phishing 52

FICO

AUGUST 21, 2017

But unfortunately, many of the things that keep executives awake at night, such as the cybersecurity risk of their extended enterprise, have been impossible to measure, let alone manage, at least until now. Data breaches and malware attacks are the hurricanes and earthquakes of the rapidly growing cybersecurity insurance industry.

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Cybersecurity Risk Breach Data Breach 49

PYMNTS

AUGUST 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. We’ve invested heavily in cybersecurity and will continue to do so,” said a bank spokeswoman. The breach impacts about 100 million individuals in the United States and around 6 million in Canada.

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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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PYMNTS

MAY 13, 2016

It took longer than expected from a company in the business of delivering its product quickly, but Wendy’s has at last opened up about getting hit with a credit card breach. Rumors of a possible breach at a number of the fast food chain’s locations were first reported (by Krebs on Security) back in January.

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Breach Third Party Vendors Law Enforcement Credit Union 43

PYMNTS

NOVEMBER 25, 2016

To combat this, hackers are looking to gain access to sensitive information by taking a much easier route: using legitimate credentials to go right inside. The bad guys realize that we’re getting better at locking the doors, so they have to go after the keys, and really, that’s what those user credentials are.”.

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Cybersecurity Credential Security Ransomware 76

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 million in 2019 — a 1.5 percent increase from 2018. Fighting the Phishers.

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Phishing Data Breach Breach Fraud Prevention 99

Fintech News

JANUARY 17, 2024

Companies in the region report a 28 percent rise in cyber threats, highlighting the urgent need for robust cybersecurity measures. Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022.

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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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Data Breach Breach AI Law Enforcement 59

PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. Banks were expected to boost their cybersecurity budgets by 15 percent in 2020 compared to previous years, spending an average of $3,000 per employee on such upgrades.

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Credential Data Breach Phishing Cybersecurity 94

PYMNTS

APRIL 26, 2016

While the outlet attests that a number of the users identified therein (which TechCrunch contacted directly) are alleging breach, Spotify states otherwise. When we find Spotify credentials, we first verify that they are authentic, and if they are, we immediately notify affected users to change their passwords.”

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Breach Security Credential Compromise 40

PYMNTS

JUNE 28, 2016

It was reported that the login credentials of more than 32 million Twitter users were compromised. According to LeakedSource, which indexes hacked credentials from data breaches, the credentials are being traded on the dark web for about 10 bitcoin a pop, or a little under $6,000.

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PYMNTS

MAY 5, 2017

It’s been a big week in the broader cybersecurity realm, starting with a data breach of Sabre Corporation’s hospitality unit. Of course, for retailers, combating fraud is complicated that just beefing up cybersecurity protections. The unauthorized access has been shut off, Sabre said.

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Breach Business Email Compromise Data Breach Cybersecurity 45

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

SEPTEMBER 30, 2016

Either way, these sayings aren’t so encouraging when it comes to cybersecurity. You don’t have to look far to see security flaws leading to massive data breaches. Mark Warner (D-VA) is pointing the finger at Yahoo for the breach taking place and has accused Mayer of knowing about the breach since July. Or, is it a window?

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Security Breach Data Breach Cybersecurity 76

PYMNTS

JUNE 23, 2016

The impact from a data breach on an enterprise can be a mixed bag. For some, like small suppliers, a compromise of sensitive data and credentials can lead to a few hundred or thousand dollars fraudulently obtained from a business client, often via the Business Email Compromise scam. “We hear about these things all the time.

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Cybersecurity Data Breach Assessments Breach 40

PYMNTS

OCTOBER 14, 2016

According to a report from cybersecurity firm Symantec, the attack mirrors tactics used by the unidentified group that orchestrated an $81 million hack of Bangladesh’s central bank earlier this year. The payment system of handbag company Vera Bradley may have been compromised by a massive data breach last month. and Ukraine.

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SWIFT Compromise Cybersecurity Data Breach 75

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. About the Tracker.

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Identity Theft Data Breach Breach Verification 63

PYMNTS

NOVEMBER 14, 2019

Visa’s cybersecurity team, as Chief Information Security Officer Sunil Seshadri told Karen Webster, also logs as many as 8 billion security events every day — that’s billion with a “b.” At a high level, Seshadri told Webster, successful breaches show some common themes. More than 100 billion transactions, worth more than $11 trillion.

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AI Transactions Phishing Cybersecurity 84

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. The company commissioned Spiceworks to survey 600 security and IT leaders about their biggest concerns and areas of focus in supply chain cybersecurity. million business email compromise scam.

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Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

DECEMBER 16, 2016

Carolyn Crandall, CMO of Attivo Networks , joined this week’s Hacker Tracker to share the vulnerabilities impacting POS systems and discuss whether massive data breaches are on the horizon in the months ahead. The most common types of threat actions used by hackers include brute force, the use of stolen credentials and offline cracking.

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Breach Point-of-Sale (POS) Compromise Credit Cards 76

PYMNTS

NOVEMBER 7, 2019

At least 12 Capital One cybersecurity employees have exited since the breach due to security issues left hanging by Johnson and other executives, sources told the WSJ. Capital One employees raised red flags over security risks before the company suffered a massive data breach. Johnson served as CISO since 2017.

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Data Breach Breach Security FBI 40

PYMNTS

AUGUST 14, 2017

Researchers at FireEye, the security firm, said in a research report covered by Reuters that the Kremlin hackers were aiming to steal the password credentials for business travelers and Western government officials using Wi-Fi networks in hotels mainly in eight countries in Europe. Benjamin Read, manager of cyber espionage analysis for U.S.-based

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Cybersecurity Phishing Governance Government 66

PYMNTS

JULY 9, 2018

Timehop , the mobile app that gathers photos from social media, disclosed on Monday (July 9) that it was the subject of a data breach. In a blog post, the company said that on July 4 it experienced a network intrusion that led to a breach of some of its customers’ data.

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Data Breach Breach Multifactor Authentication Credential 40