Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

FICO

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? FICO's Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle. It's estimated that half of all data breaches occur through third parties.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? FICO’s Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle. It’s estimated that half of all data breaches occur through third parties. by FICO.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

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

JANUARY 25, 2017

It’s a job seeker’s market when it comes to cybersecurity expertise, according to a new report from employee-employer matching company Indeed, and Apple tops the list of best U.S. corporations seeking to fill cybersecurity roles. Indeed announced today (Jan. 25) its ranking of the 10 best U.S. hit an all-time high last year.

Cybersecurity 45

Cybersecurity Data Breach Identity Theft Federal Reserve 45

FICO

JULY 18, 2017

Data breaches are in the news on an almost daily basis and telecom companies are not immune to attack – indeed, cyber-attacks have led to the loss of almost 50 million customer records in the past 10 years. This rich data set is a honey pot for cybercriminals – particularly those using data to fuel identity theft.

Cybersecurity 45

Cybersecurity Risk Data Breach Breach 45

PYMNTS

MARCH 12, 2018

district court in San Jose, California, ruled late last week that most of a lawsuit concerning Yahoo’s data breach, which exposed 3 billion users’ personal data, can proceed. to get the claims tossed out, including allegations of negligence and breach of contract. According to news from Reuters , U.S. Back in Oct.

Breach 40

Breach Identity Theft Data Breach Cybersecurity 40

Segpay

FEBRUARY 21, 2024

These tokens are generated for each transaction, reducing the risk of data breaches. Analyzing patterns and anomalies identifies potential risks associated with identity theft or fraudulent activities. This automation accelerates response times, which is crucial in mitigating the impact of security breaches.

AI 90

AI Innovation Fraud Detection Encryption 90

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. Inverting the Fraud Approach.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

The Paypers

DECEMBER 17, 2020

Money has unveiled the launch of a new tool which aims to increase cybersecurity awareness and protect users from identity theft.

Data Breach 28

Data Breach Identity Theft Breach Cybersecurity 28

The Fintech Times

MAY 17, 2024

Overall, 68 per cent of respondents either know or suspect that they’ve been a victim of online fraud or identity theft, or that they know someone who has been affected. Finding a solution Identity verification is a key part of the solution for companies looking to secure themselves and ensure that their users are genuine.

Deepfake 69

Deepfake Identity Theft Consumer Verification 69

VISTA InfoSec

SEPTEMBER 15, 2023

Report any Personal Data Breaches to both the Data Protection Board and Data Principals. Personal Data Breach A Data Fiduciary must safeguard personal data and prevent breaches, including those by Data Processors (Clause 8 (5), DPDP Act). Clause 8(1), DPDP Act. Clause 8(6), DPDP Act.) Clause 10(2)(c) DPDP Act.)

Data Breach 130

Data Breach Breach Government Governance 130

VISTA InfoSec

JULY 5, 2023

Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! million people. The PCI DSS v4.0

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

Deepfake 107

Deepfake APACS Scams Authentication 107

Clearly Payments

MARCH 4, 2024

From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013. Elevated awareness of phishing scams and cybersecurity threats.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

FEBRUARY 21, 2018

Madhu said that the future lies in the fact that “more regulations are going to force the banks to disclose these types of things,” noting legislation in Congress that will set in place punishments for FIs that breach an individual’s PII.

Identity Theft 40

Identity Theft Rules Verification Accounts 40

PYMNTS

JANUARY 24, 2017

According to a report highlighting findings from the Identity Theft Resource Center and CyberScout, data breaches in the U.S. The financial services industry accounted for only 52 of the breaches tracked, or 4.8 Some 64 percent of all data breaches involve identity and personal data theft.

Data Breach 40

Data Breach Breach Identity Theft Phishing 40

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.

Breach 45

Breach Business Email Compromise Data Breach Cybersecurity 45

PYMNTS

JUNE 14, 2018

Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9 But individual consumers aren’t the only victims of identity theft.

Identity Theft 43

Identity Theft Wire Transfer Crime Email Compromise 43

PYMNTS

SEPTEMBER 4, 2017

Charter said the information was removed right after it was discovered and the cybersecurity incident is being looking into. The report noted the breach was found to be linked to BroadSoft, which developed the My TWC app. In an interview with the New York Post , he said, “It’s the biggest data breach in the history of the world.”.

Identity Theft 43

Identity Theft Data Breach Breach Cybersecurity 43

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.

Data Breach 42

Data Breach Breach Identity Theft Compromise 42

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. More than 90 percent of Americans have fallen victim to online scams, data breaches, identity theft or other forms of fraud, though certain varieties are more common than others.

Phishing 64

Phishing Data Breach Breach Scams 64

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. America’s Data Breach Problem. SEC Keeps An Eye On Yahoo.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

OCTOBER 30, 2018

Corporate cybersecurity is an ever-increasing focus of government entities, with the U.S. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

FEBRUARY 15, 2017

14) that two-thirds of businesses surveyed said they have experienced five or more security breaches in the last two years. Cyberhacks compromised the identities of more than a billion people last year alone, researchers added. The company said Tuesday (Feb. hit a record high last year. ” . ”

Security 40

Security Data Breach Cybersecurity Breach 40

PYMNTS

MAY 21, 2020

Identity theft is also a constant fraud threat, with the Federal Trade Commission (FTC) stating that more than 650,57o cases of identity theft were reported in 2019. million total fraud incidents last year, and also set a new record for the highest amount of identity theft cases in any year in history.

Financial Crimes 52

Financial Crimes Crime Identity Theft Federal Trade Commission 52

PYMNTS

SEPTEMBER 16, 2020

Fraudsters’ attacks on universities’ systems have become more frequent in recent years, revealing just how critical it is for universities to bolster their cybersecurity amid the push to remote learning. Digital onboarding has also created various issues for universities, prompting them to reexamine their cybersecurity protocols.

Cybersecurity 56

Cybersecurity Enrollments Phishing Identity Theft 56

PYMNTS

JANUARY 8, 2019

Luxury department stores like Saks Fifth Avenue , for instance, are still recovering from data breaches that exposed a significant amount of customer data, while others, such as Neiman Marcus , are constantly working to upgrade their fraud protections to counter the efforts of bad actors. Around The Digital Fraud World. Last year, the U.S.

Identity Theft 66

Identity Theft AI FBI Data Breach 66

Seon

JANUARY 29, 2024

It is also considered a form of identity theft, because it happens when someone logs into an account that isn’t theirs to exploit it. In the worst-case scenario, stocks can even plummet after a publicized breach. This could be accidental, or more sophisticated, for example following a mass phishing email campaign.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

VISTA InfoSec

MAY 28, 2024

Here’s what the numbers are telling us: 73% of US consumers are worried about data safety, especially the risk of identity theft and misuse of data. Cybersecurity is the foundation. Always keep updated records of all access requests, compliance issues, data breaches, and actions taken to fix the issues.

Privacy 130

Privacy Regulations Legal Identity Theft 130

Clearly Payments

JANUARY 8, 2024

Merchants must familiarize themselves with the diverse risks associated with payment processing, encompassing fraud, chargebacks, and cybersecurity threats. This can include stolen credit card information, identity theft, or fraudulent transactions. Exchange rate risk can lead to unexpected gains or losses.

Risk Management 66

Risk Management Risk PCI DSS Process 66

Stax

JULY 16, 2024

Compliance with PCI Data Security Standard regulations prevents shortcomings and vulnerabilities in payment processing, thereby reducing the risk of fraud, identity theft, and cyberattacks. Before 2004, credit card companies had their own set of rules for cybersecurity. This is why PCI DSS compliance is critical.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

FICO

MARCH 6, 2017

Criminals are looking to gain financially in three main ways: Data breaches to feed identity theft. Third-party fraud is fuelled by identity theft, and breached data gives criminals the information they need to take over someone’s identity. Cyber-attacks with financial demands.

Identity Theft 65

Identity Theft Breach Data Breach Phishing 65

PYMNTS

MARCH 29, 2019

Close to 1 billion email accounts were leaked by a marketing company in what some researchers are calling the “biggest and most comprehensive email database” breach ever. Cybersecurity expert Bob Diachenko discovered the breach and contacted the Verifications.io The info did not contain passwords or credit card details.

Database 74

Database Accounts Breach Phishing 74

PYMNTS

NOVEMBER 27, 2018

She added that policymakers have designed corporate cybersecurity penalties with large enterprises in mind, with some states requiring up to $2,500 in fines for each exposed customer record, even if the business is not shown to be at fault. “They don’t have the funds to hire a person with that kind of training.”.

Research 75

Research Identity Theft Small Business Cybersecurity 75

Payment Savvy

DECEMBER 3, 2020

It’s why cybersecurity is important to all businesses, no matter the size. Cyber frauds can take place in several forms, including: Identity theft is when an attacker gets personal information about an individual and uses it to commit fraud without their consent. Understand the Different Cyber Frauds.

Encryption 52

Encryption Data Encryption Identity Theft Cybersecurity 52

PYMNTS

MAY 4, 2020

Rise in Phishing Attacks and Data Breaches. Some 1,473 breaches revealed 164.7 million sensitive records in 2019, with the financial services industry accounting for only approximately 7 percent of incidents but more than 60 percent of breached records, according to the San Diego-based Identity Theft Resource Center.

Phishing 56

Phishing Credit Union Breach Data Breach 56