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.

Data Breach 40

Data Breach Breach Security FBI 40

PYMNTS

JUNE 21, 2016

Computer manufacturer Acer announced that hackers may have stolen the payment credentials of thousands of its customers. 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. Canada and Puerto Rico, according to a letter from the company.

Compromise 42

Compromise Identity Theft Federal Trade Commission Credential 42

PYMNTS

AUGUST 8, 2019

You can thank the information stolen during data breaches for that, he said: “They essentially were working from an answer key.”. The move toward new forms of ID verification comes as regulators and politicians increase their focus on data security in the wake of Equifax and other breaches. Post-Equifax World.

Security 58

Security Verification Online and Mobile Banking Breach 58

PYMNTS

JULY 29, 2019

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. Based on the company’s current analysis, the breach impacted about 100 million individuals in the United States and around 6 million in Canada.

Credit Cards 46

Credit Cards Caps FBI Social Security 46

PYMNTS

MAY 22, 2020

People are one click away from a malware download or credential phishing [website]. I got an email just recently that said that my Social Security number had been frozen and to click ‘this link’ to unfreeze it.”. No single defense mechanism can protect bank customers from such a diverse array of criminal tactics, though.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

Clearly Payments

JANUARY 8, 2024

Security, Compliance, and Regulatory Risk: Cybersecurity risk involves the threat of data breaches and unauthorized access to sensitive payment information. Tokenization for Additional Layer of Security Tokenization adds an extra layer of security by substituting sensitive data with a unique token.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

MAY 31, 2018

The right data can create a profile so precise that algorithms can immediately tell the difference between a legitimate customer and a fraudster who is holding all the right credentials to pose as the person, just by detecting behavioral attributes like cursor movements and clicking habits. Staunching the Data Breach Wound.

ATM 43

ATM Consumer Data Breach Credential 43

PYMNTS

FEBRUARY 14, 2019

One need only scan the headlines of recent breaches to see the damage done, with hundreds of millions of individuals’ data compromised, and untold billions of dollars’ worth of financial havoc wreaked. Kilb stated that the process marries a series of defenses against fraudsters, where credentials are part of the picture.

Authentication 60

Authentication Transactions Online and Mobile Banking Credential 60

PYMNTS

FEBRUARY 28, 2020

Failing to prevent a data breach is a surefire way to lose that trust, however. Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. Data Breaches Within And Without. Credit unions are no strangers to data breaches.

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

PYMNTS

SEPTEMBER 18, 2017

What to do in the wake of the Equifax breach: Run? As Topic TBD host Karen Webster posited to Stuut, the breach may be to authentication what Target’s own data theft woes were to EMV: the catalyst for immediate change. Freeze credit? That’s just on the consumer side, and none of them are delightful choices. .

Breach 46

Breach Identity Theft Credential Authentication 46

PYMNTS

MARCH 18, 2020

High-tech schemes like credential stuffing and account takeover (ATOs) have become commonplace, but many fraudsters still rely on a technique that requires comparatively little technical know-how. One hacker even posed as a company’s HR department and made off with more than 20,000 company records. .

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

PYMNTS

DECEMBER 3, 2019

Digital identities are growing more important and omnipresent in everyday life, and the need to keep them secure grows more pressing by the day. Financial information, Social Security numbers and a host of other private data is wrapped up in each person’s digital identity, making a potential data breach catastrophic.

Verification 52

Verification Authentication Breach Data Breach 52

PYMNTS

JANUARY 4, 2020

Insofar as the average consumer knows, that side of the web – which is accessible only via a TOR server – is the place where their personal information is sold whenever there is a data breach. A few years ago, one could get an Uber credential for as little as $1 – but these days, they tend to cost north of $40. Lime Scooters .

Legal 63

Legal Bitcoin Credential Credit Cards 63

PYMNTS

JUNE 4, 2019

That includes the sale and analysis of their personal data, and the potential security and fraud risks stemming from that.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

PYMNTS

JULY 27, 2020

Using real credentials lends authenticity to these schemes and allows them to elude many fraud detection systems, and cybercriminals can avoid tipping off victims by not using pilfered identities wholesale. Banks and CUs can improve on these efforts by also looking at how consumers transact online, Kelly said.

Credit Union 58

Credit Union Authentication Credential Assessments 58

PYMNTS

SEPTEMBER 22, 2017

The Equifax breach lingers like the remnants of a bad lunch, making us all feel queasy about which data has been compromised and who just might be developing new ways to trick us out of money or privacy — now and in the future. We currently verify credentials issued by over 200 countries, including the government IDs issued outside the U.S.

Online and Mobile Banking 56

Online and Mobile Banking Verification Data Breach Breach 56

PYMNTS

MARCH 1, 2018

We all know that in the wake of the Equifax breach , no data is safe. That statement is compounded by the breaches that came before Equifax’s headline-grabber and the breaches yet to come. That statement is compounded by the breaches that came before Equifax’s headline-grabber and the breaches yet to come.

Push-to-Card 40

Push-to-Card Breach Compromise Authentication 40

PYMNTS

APRIL 30, 2019

As criminals gain skills — and benefit from more sophisticated organizational structures — the fight against hacking, ID theft and data breaches must keep moving into higher gear. That’s not only because of the motivation to fight and prevent fraud, though that is certainly a big part of it. More than 95 percent of people in the U.S.,

Verification 64

Verification Authentication Online and Mobile Banking Law Enforcement 64

PYMNTS

APRIL 3, 2019

One can certainly argue that a good many consumers have become numb to the prospect of data breaches , and continue to use “free” online services despite growing misgivings about the data trade-off that makes those services possible. and a large and growing segment of consumers around the world.

Verification 59

Verification Money Laundering Authentication API 59

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

PYMNTS

AUGUST 24, 2016

Typically, this begins with hackers gaining access to stolen credentials through the types of massive data breaches that have made headlines in recent years. Whether its payment data or personally identifiable information (PII), the compromised credentials are quickly turned around and sold to fraudsters.

Credential 41

Credential Bitcoin Law Enforcement Database 41

PYMNTS

OCTOBER 11, 2017

Criminals often use these credentials to buy purely digital goods, such as concert tickets, so they can receive and resell the goods as quickly as possible, said Byrnes. The goal is always to steal and resell this data quickly. Credit cards go for around $0.25 on the dark web, he said — whereas a complete identity sells for a whopping $3.

Crime 44

Crime Account Takeovers eWallet Online and Mobile Banking 44

FICO

MARCH 22, 2022

The dark web offers a marketplace for the data stolen in data breaches and 2021 made it a record-breaking year with significant data breaches around the world, leading to the loss of many millions of personal records. . They can use automated tools to mount mass attempts to access accounts with credential stuffing.

Account Takeovers 52

Account Takeovers Accounts Authentication Data Breach 52

PYMNTS

JULY 5, 2018

The problems of security, data breaches, identity verification and user authentication just keep getting bigger. When a consumer signs up for a service, they must enter their name, email address, phone number, Social Security number and more. If Uber has a token, then it must only work with Uber.

EMV 41

EMV Mitigation Data Breach Credit Cards 41

PYMNTS

MAY 16, 2018

How often does one get to read that sentence in this modern era of data breaches and hacks? Due to this credentialing, Pappano said that disputes and chargebacks are actually less of a problem in online gaming and wagering than in traditional eCommerce environments.

Regs 40

Regs Legal Disputes Laws 40