Payments Source

MAY 1, 2020

Adam Levin addresses the threats of cyber fraud and identity theft and what you can do to protect your customers' privacy and credit security.

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Identity Theft Data Breach Breach Privacy 77

PYMNTS

MAY 10, 2019

prosecutors have charged a Chinese national for his alleged involvement in the 2015 data breach at health insurance company Anthem , which led to the theft of 78.8 million records. businesses. businesses. Benczkowski said in a press release. These defendants allegedly attacked U.S.

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Data Breach Breach Identity Theft Law Enforcement 46

FICO

JANUARY 29, 2020

That the UK is experiencing a 126% growth rate year-on-year in the number of identity fraud victims who are minors. And that while much of the growth rate can be blamed on data breaches that we as individuals can’t control; it can also be blamed on “sharenting” — parents or even grandparents sharing information about children on social media.

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Identity Theft Data Breach Breach Checks 52

PYMNTS

JUNE 21, 2019

Canadian lender Desjardins Group revealed that it has been the victim of a data breach that could impact more than 2.9 Desjardins, the largest association of credit unions in North America, explained that the breach is the result of unauthorized and illegal use of the company’s data by an employee who has since been fired.

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Data Breach Breach Identity Theft Law Enforcement 45

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.

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Data Breach Breach Identity Theft Phishing 40

FICO

AUGUST 1, 2019

With the rapid rise of data breaches around the globe, the fear of identity theft is at an all-time high. What does it have to do with identity theft? If you don’t receive an anticipated package, you can report theft. Remember that the breaches in the news today will have impacts far down the line.

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Identity Theft Credit Cards Account Takeovers Data Breach 40

Payments Dive

OCTOBER 22, 2020

Synthetic ID theft is a fast-growing crime around the world. Data breaches are a common phenomenon not unique to the US - companies around the world face similar challenges. Personal information exposed from data breaches often winds up for sale on dark web marketplaces.

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APACS Identity Theft Data Breach Breach 76

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

FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Javelin Research reported a 17% rise in reported US identity theft victims , from 13.1 Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. million to 15.4 Am I missing a topic?

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Identity Theft Account Takeovers Best Practices Data Breach 72

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.

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Data Breach Breach Cybersecurity Consumer 43

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. 2013 had compromised even more user data.

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Data Breach Breach Security Risk 71

PYMNTS

NOVEMBER 13, 2020

Following a cyberattack that exposed patients’ mental health records last month, Finland is moving ahead with legislation that would let people change their personal identity codes in certain instances, according to an Associated Press (AP) report. The current law makes it difficult to change a personal identity code.

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Breach Laws Identity Theft Verification 69

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.

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PCI DSS Compliance Data Breach Breach 130

Clearly Payments

JULY 16, 2024

Medical Identity Theft: Fraudsters use stolen patient information to obtain medical services, prescriptions, or insurance reimbursements. million cases of medical identity theft, resulting in $41 billion in losses. Healthcare data breaches increased by 55% in 2023, affecting over 29 million records.

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Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

SEPTEMBER 11, 2017

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. My understanding is the breach was perpetuated via the Apache STRUTS flaw,” Meuler told The Post. consumers, putting them at risk of identity theft.

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Database Breach Identity Theft Data Breach 66

VISTA InfoSec

SEPTEMBER 15, 2023

Data Fiduciary as per the DPDP Act 2023: Data fiduciaries bear the responsibility for adhering to the Act, even when a data processor carries out processing activities on their behalf. Report any Personal Data Breaches to both the Data Protection Board and Data Principals. Clause 8(1), DPDP Act.

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Data Breach Breach Governance Government 130

PYMNTS

NOVEMBER 12, 2018

The Centers for Medicare and Medicaid Services ( CMS ) confirmed on its website that it was the victim of a data breach in October — the Marketplace system used for agents and brokers was hacked. However, since this breach involves sensitive personal information, including partial SSN, there could be a risk of identity theft.”

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Identity Theft Consumer Data Breach Breach 71

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.

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Data Breach Identity Theft Breach Cybersecurity 28

The Paypers

APRIL 15, 2016

(The Paypers) According to the Identity Theft Resource Center (ITRC) data breach is one of the biggest threats facing businesses in the US.

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Data Breach Breach Identity Theft 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.

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Deepfake Identity Theft Consumer Verification 69

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.

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Identity Theft Data Breach Breach Verification 63

The Paypers

JULY 19, 2017

(The Paypers) A report released by Identity Theft Resource Center and CyberScout has revealed that bata breaches are up 29% over 2016.

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Breach Data Breach Identity Theft 28

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.

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Breach Identity Theft Data Breach Cybersecurity 40

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. Estimated financial losses exceeding $200 million.

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Phishing Data Breach Law Enforcement Money Laundering 59

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.

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Phishing Data Breach Breach Scams 64

PYMNTS

MARCH 26, 2019

The United States Supreme Court has rejected an appeal by online shoe company Zappos over a data breach in 2012 that compromised the information of 24 million customers, according to a report from Reuters. Zappos ’ argument is that because customers weren’t harmed by the data breach, a federal lawsuit should not be warranted.

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Identity Theft Data Breach Breach Encryption 49

Payments Source

JULY 9, 2018

All service providers, even those with a strong security posture, are only as secure as the Home Depots, LinkedIns and Equifaxes of the world, argues George Avetisov, chief executive of HYPR.

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Data Breach Credential Breach Service Provider 67

Fi911

MAY 7, 2024

In certain circumstances, such as excessive chargebacks, data breaches, fraudulent activities, or violation of regulations, a merchant’s account may be terminated. It could be due to a breach of the payment processor’s terms, excessive chargebacks, fraudulent activities, or violating legal or regulatory requirements.

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PCI DSS Processors Compromise Identity Theft 82

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. This past fall, Yahoo disclosed a massive breach of user accounts that impacted 500 million people.

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FBI Breach Identity Theft Data Breach 46

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.

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Risk Management Mitigation Risk Identity Theft 52

Segpay

FEBRUARY 21, 2024

Tokenization: Generative AI contributes to the implementation of tokenization, a technique that replaces sensitive data, such as credit card numbers, with unique tokens. These tokens are generated for each transaction, reducing the risk of data breaches. This provides digital payment methods with an additional level of security.

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AI Innovation Fraud Detection Encryption 105

Accertify

AUGUST 16, 2024

For example, a recurring delivery service might be used fraudulently by a third party after a password breach, triggering a chargeback from the subscriber for unrecognised items ordered on his account. According to The Identity Theft Research Center (ITRC), 422 million individuals were impacted by a data breach in 2022 in the US alone 10.

Identity Theft 52

Identity Theft Disputes Account Takeovers Research 52

PYMNTS

JANUARY 2, 2019

Warby Parker contacted law enforcement when it found out about the breach. One of the biggest problems with these types of data breaches is that many users repeat passwords over many sites, and when information is stolen from one company, it can often be used by another. Warby Parker said that is what happened with this breach.

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Cybersecurity Accounts Identity Theft Law Enforcement 74

PYMNTS

JULY 9, 2020

This could be a particularly important switch as major data breaches have made it easier than ever for fraudsters to find the personal details they need to figure out customers’ logins and thwart password-based authentication measures. percent of all fraud reported in 2019.

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Fraud Prevention Account Takeovers Authentication Identity Theft 104

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.

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Deepfake APACS Scams Authentication 119

PYMNTS

JUNE 27, 2016

Such is the question increasingly emerging as more and more customer data is going up on the block via various hacks, though thus far the answer has mostly been “no.” data breaches have led to lawsuits, but the biggest attacks against the biggest firms tend to attract the most. About 5 percent of U.S.

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Breach Consumer Data Breach Identity Theft 40

PYMNTS

JANUARY 30, 2017

This week’s data digest is all about, well, data. The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. 1,093 data breaches hit entities in the U.S.

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Data Security Governance Government Data Breach 54