TechCrunch Fintech

NOVEMBER 20, 2024

An incident disclosure shared with Finastra's banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved. For personal use only.

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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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Bank Automation

NOVEMBER 22, 2024

Identity-based attacks are on the rise as evidenced by London-based tech provider Finastra’s cybersecurity incident reported this week. We are […] The post The Finastra breach: 3 security takeaways appeared first on Bank Automation News.

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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, (..)

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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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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.”.

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VISTA InfoSec

APRIL 12, 2024

Cybersecurity is vital in today’s fast-paced digital world, where keeping your private information safe is as crucial as the technology itself. Dive into the mechanisms of proxies to fully understand how they strengthen cybersecurity defenses. Proxies are key players in this arena, not just for the tech-savvy but for everyone online.

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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.

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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.

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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.

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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.”.

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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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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.

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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.

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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.

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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.

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VISTA InfoSec

JUNE 18, 2024

As cyber threats evolve, safeguarding your organization’s data has become an utmost priority. Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching.

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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.

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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.,

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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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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.

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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.

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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.

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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.

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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.

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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.

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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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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.

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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.

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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.

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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.

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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.

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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

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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.”

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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

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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.

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PYMNTS

SEPTEMBER 27, 2017

Equifax, the embattled credit scoring firm reeling from a data breach that may have impacted as many as 143 million U.S. The Board remains deeply concerned about and totally focused on the cybersecurity incident. consumers, announced news on Tuesday (Sept. Paulino do Rego Barros, Jr., Paulino do Rego Barros, Jr.,

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