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. Canada, Australia and Europe, reports said.

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

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).

Data Breach 59

Data Breach Breach AI Law Enforcement 59

Bank Automation

FEBRUARY 15, 2024

Financial institutions prioritize investment in cybersecurity technology but no matter how much they spend for protection, their systems and data remain vulnerable. “You could never say any organization is 100% secure and they’ll never be hacked,” Ray Kelly, fellow at cybersecurity company Synopsys Software Integrity Group, told Bank Automation News, (..)

Data Breach 73

Data Breach Breach Security Cybersecurity 73

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.

Third Party Vendors 111

Third Party Vendors Cybersecurity Breach Risk Management 111

PYMNTS

NOVEMBER 3, 2020

One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. Folksam said it had accidentally allowed big tech companies to access customers’ private data, Bloomberg reported. We have immediately stopped sharing this personal information and requested that it be deleted.”.

Data Breach 102

Data Breach Breach Cybersecurity Audit 102

PYMNTS

JULY 24, 2020

There were sellers offering data from what could have been 278,531 accounts, although some may have been duplicates or fake, the report noted. “We are not aware of any data breach at this time,” an Instacart spokesperson told BuzzFeed News. “We We take data protection and privacy very seriously.

Data Breach 86

Data Breach Breach Phishing Duplicate 86

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.

Data Breach 52

Data Breach Breach Identity Theft Credit Cards 52

PYMNTS

MARCH 13, 2020

Princess Cruises disclosed a potential data breach in a notice posted on its website. According to the notice, “Upon identifying this potential security issue, we engaged cybersecurity forensic experts and initiated an investigation to determine what happened, what data was affected, and who was impacted.”.

Data Breach 68

Data Breach Breach Law Enforcement SARS 68

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.

Data Breach 81

Data Breach Breach Social Security Risk 81

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.

Data Breach 84

Data Breach Breach Multifactor Authentication Credential 84

PYMNTS

MARCH 7, 2019

Senate Homeland Security and Governmental Affairs Subcommittee on Investigations, executives from Equifax and Marriott were called out on their companies’ recent data breaches , while other witnesses helped describe the current landscape when it comes to online privacy and data security. During a hearing for the U.S.

Data Breach 71

Data Breach Breach Privacy Federal Trade Commission 71

FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Data Breach 70

Data Breach Breach Cybersecurity Risk 70

PYMNTS

SEPTEMBER 21, 2019

As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. 149,000: the average cost of a data breach for a small-to-medium sized business , according to AppRiver.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

SEPTEMBER 19, 2019

Following incidents at other airlines, Indonesian carrier PT Lion Mentari Airlines, known as Lion Air, is looking into a breach that reportedly led to passenger data on its Thai and Malaysian units to be leaked on the web. The carrier said in a statement that Malindo Airways passenger data may have been comprised, Bloomberg reported.

Data Breach 49

Data Breach Breach Cybersecurity Privacy 49

PYMNTS

MAY 30, 2019

The financial impact of the data breach – which included bank account numbers, Social Security numbers, financial and tax records, and images of drivers’ licenses – is more than $5 million, according to the damages the lawsuit is seeking. The lawsuit contends that First American Financial Corp.

Data Breach 59

Data Breach Breach Cybersecurity Social Security 59

PYMNTS

NOVEMBER 15, 2018

15) the results of the third annual Ponemon Institute’s “Data Risk in the Third-Party Ecosystem” study, which found that 59 percent of companies surveyed said they have experienced a data breach caused by their vendors or third parties. Opus said that in the U.S., Opus said that in the U.S.,

Data Breach 78

Data Breach Breach Risk Risk Management 78

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.

Data Breach 52

Data Breach Breach Identity Theft Debit Card 52

PYMNTS

DECEMBER 16, 2018

According to the report citing the Irish Data Protection Commission, Facebook is under investigation by the regulator over allegations it failed to protect the privacy of its users. It confirmed to CNN late last week that it started a “statutory” inquiry into the social media giant after it received several reports of data breaches.

Data Breach 80

Data Breach Breach Regulations Privacy 80

PYMNTS

MARCH 18, 2019

Reports in Business News Daily on Friday (March 15), co-authored by Assistant Professors of Finance Dr. Daniele Bianchi and Dr. Onur Tosun, found that data breaches at large organizations may cause financial losses at those companies, but they eventually lead to greater investments in their CEOs.

Data Breach 56

Data Breach Breach Cybersecurity Research 56

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 )

FBI 130

FBI Breach MFA Cybersecurity 130

PYMNTS

DECEMBER 15, 2016

14) that a new cybersecurity breach incident has affected over a billion of its users and their private data. Reportedly, an unauthorized third party stole data associated with the more than 1 billion Yahoo user accounts back in 2013. billion buyout of its core assets, said it would review the impact of the latest breach.

Data Breach 72

Data Breach Breach Law Enforcement Encryption 72

PYMNTS

OCTOBER 1, 2018

A new survey from Bank of America shines a spotlight on the increasing concerns — and increasing costs — of data breaches. According to the bank, 22 percent of consumers who have already had their personal or bank information stolen by a data breach said they would not shop at a small business that had fallen victim to a data breach.

Data Breach 72

Data Breach Small Business Breach Business Payments 72

PYMNTS

MAY 22, 2020

Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.

Data Breach 53

Data Breach Breach Request for Comment Social Security 53

Payments Source

SEPTEMBER 29, 2017

Equifax's data breach may be the most serious, given that it covered 143 million consumers and involved reams of confidential information, but it wasn't the largest. Following are the biggest to date.

Data Breach 62

Data Breach Breach Consumer Cybersecurity 62

The Fintech Times

DECEMBER 18, 2023

Today, we bring you insights from industry leaders regarding the changing dynamics of cybersecurity threats and trends in 2024. “A never-ending stream of data breaches combined with highly sophisticated and technical attacks means the stolen personal information available on the dark web is continuously replenished.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

MARCH 6, 2018

After its point of sale (POS) systems were reportedly affected by malware designed to capture credit card information, RMH Franchise Holdings is warning that its Applebee’s restaurants in 15 states suffered a data breach. RMH became aware of the breach on Feb. None appear to have occurred after Jan.

Data Breach 56

Data Breach Breach Point-of-Sale (POS) Law Enforcement 56

PYMNTS

FEBRUARY 21, 2017

When a company is hit with a data breach that leads to the leak of consumer information, the event will make headlines. Not so much, however, when a breach results in the compromise of sensitive corporate data, like information on M&A plans or intellectual property. ” Executives haven’t ignored the issue.

Data Breach 53

Data Breach Breach Cybersecurity Compromise 53

PYMNTS

APRIL 3, 2019

The Georgia Institute of Technology confirmed that it suffered a data breach that has exposed the personal information of 1.3 The university’s information security officials are working to determine the extent of the breach, as well as identify those who may have been affected by it.

Data Breach 48

Data Breach Breach Database Social Security 48

PYMNTS

MAY 1, 2018

Kaspersky Lab , the cybersecurity company, revealed in a new survey on Tuesday (May 1) that 81 percent of Americans and 72 percent of Canadians are stressed out about the recent rash of data breaches. With no way to gain control, the very idea of cybersecurity becomes completely overwhelming.

Data Breach 43

Data Breach Breach Cybersecurity Consumer 43

PYMNTS

JULY 30, 2019

Analysts warned that local and state-level governments, much like small businesses, often lack the sophisticated cybersecurity technology required to avoid such attacks in the first place. Most recently, a string of ransomware attacks hit local government entities that ultimately decided to pay off the attackers to regain access to computers.

Data Breach 64

Data Breach Small Business Breach Ransomware 64

PYMNTS

APRIL 26, 2018

Corporations are bracing for major changes to their operations, and many will miss the May 25 deadline as they struggle to overcome challenges related to key components of the new rules, including data breach notification. businesses is the data breach notification requirement. “In

Data Breach 59

Data Breach Breach Compliance Rules 59

PYMNTS

MARCH 26, 2020

Cybersecurity insurance company Chubb , which provides aid to companies affected by data breaches, has been hit by one itself, according to a report by TechCrunch. Jeffrey Zack, a spokesperson for the company, said there was “no evidence” that the breach had hit the company’s own network, adding that it was “fully operational.”

Cybersecurity 68

Cybersecurity Data Breach Ransomware FBI 68

PYMNTS

MAY 29, 2018

New research from Kaspersky Lab shows that the average cost of experiencing a data breach globally is on the rise. The company found that breaches now amount to $1.23 In addition, North America is the most expensive location for an SMB to suffer a data breach compared to all seven regions in the study.

Data Breach 58

Data Breach Breach Cybersecurity Security 58

VISTA InfoSec

JUNE 7, 2024

As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises. These extra-strict access controls reduce a company’s risk of data breaches and other costly security issues. How Will a ZTNA Solution Benefit Your Company?

Micro-Entry 162

Micro-Entry Data Breach Cybersecurity Breach 162

PYMNTS

AUGUST 29, 2019

million) by the country’s data-protection agency over a data breach that compromised the personal information of almost every adult in the country. The owner of a cybersecurity company and two of his employees were charged by prosecutors for the breach. The National Revenue Agency (NRA) in Bulgaria was fined 5.1

Data Breach 40

Data Breach Breach Cybersecurity Procedures 40

PYMNTS

APRIL 12, 2020

The notice did not say there had been any breach of company data, and it didn’t say if customers had lost anything or what the fraudulent emails had been asking for. The state-owned bank did not comment but told clients in an email that the attack was on some of the employees’ mailboxes.

Data Breach 122

Data Breach Breach Identity Theft Law Enforcement 122

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.

MFA 130

MFA Credential PCI DSS Compliance 130