VISTA InfoSec

MARCH 28, 2024

In the digital age, protecting customer data is a cornerstone of trust and reliability between a company and its consumers. As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. You should also regularly review stored data and purge what is no longer needed.

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Data Breach Regulatory Compliance Breach Encryption 278

PYMNTS

JANUARY 27, 2020

Businesses have good reason to be concerned about data breaches. Cybercriminals’ accomplishments come at the expense of targeted businesses, with a recent study finding that individual data breaches cost firms around the globe an average of $3.92 million in 2019 — a 1.5 percent increase from 2018. Fighting the Phishers.

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Phishing Data Breach Breach Fraud Prevention 99

VISTA InfoSec

JUNE 26, 2024

The Impact of Cybersecurity on Businesses & What an Investor Should Consider Cybersecurity measures protect systems, networks, and data from digital attacks like malware, phishing attacks, and ransomware because cybersecurity breaches impact a business negatively.

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Cybersecurity Due Diligence Security Risk Management 260

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. Phishing attempts increased approximately 65 percent in 2019, and cost businesses more than $12 billion in stolen funds, victim payouts and opportunity costs. million per breach.

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Phishing Data Breach Breach Scams 64

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. Outdated software?

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Data Security Security Encryption Cybersecurity 266

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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Data Breach Breach Identity Theft Law Enforcement 122

Payments Dive

JULY 1, 2019

Download this infographic from TNS which looks at the results of a series of recent industry studies which highlight the latest data breach trends. It uncovers the top 5 types of breach incidents, which assets and data criminals are targeting and the number of organizations who have been affected.

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Data Breach Breach Phishing Ransomware 68

PYMNTS

APRIL 3, 2018

Experts say an employee phishing scam is likely to blame for the data breach affecting millions of Saks Fifth Avenue and Lord & Taylor payment cards. Separate reports by the Associated Press also pointed to an email phishing scam as the likely culprit.

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Phishing Breach Data Breach Scams 51

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 For the eighth year in a row, hacking, skimming, and phishing were the main drivers of data breaches, representing 55.5

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Data Breach Breach Identity Theft Phishing 40

Payments Source

JULY 30, 2019

The ongoing availability of stolen account information used to perpetrate vishing and phishing was exacerbated by the Capital One data breach disclosed this week, affecting 100 million accounts, and is likely to increase fraud threats.

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Breach Data Breach Phishing Consumer 77

Fintech News

MAY 27, 2024

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

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APACS Data Breach FinTech Fraud Prevention 99

VISTA InfoSec

OCTOBER 21, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data. Let’s get started.

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Security Phishing Ransomware Risk Assessment 130

PYMNTS

DECEMBER 3, 2018

Signet Jewelers, the company that owns Jared and Kay Jewelers, has fixed a massive data breach that allowed anyone to view the order information of other customers, including a home address and the last four digits of a purchaser’s credit card, according to a Monday (December 3) report. Or just targeted phishing attacks.”.

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Data Breach Breach Consumer Credit Cards 57

PYMNTS

JUNE 1, 2020

Google issued a stark warning last week about the state of cybersecurity: Phishing attacks are on the rise and continue to take advantage of vulnerabilities resulting from the global pandemic. Among a lengthy list of attack methods, ransomware and third-party breaches remain common tactics against law firms, the report revealed.

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Phishing Continuity Data Breach Cybersecurity 59

The Paypers

APRIL 26, 2016

(The Paypers) Verizon's Data Breach Investigations Report (DBIR) has revealed that 89% of data breaches are either financially or espionage motivated and conducted through phishing.

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Data Breach Phishing Breach 28

Fintech News

NOVEMBER 10, 2024

This information allows threat actors to create more convincing phishing emails or other forms of engagement between threat actors and victims. Ransomware and data breaches gain in sophistication Although ransomware and data breaches decreased in H1 2024, these threats continue to pose significant challenges.

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Ransomware Scams Data Breach AI 89

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

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

JUNE 28, 2016

As ZDNet reported , the company posted on its website that the sample of records it saw were “real and current,” but maintains that it was not hacked and that the data may have been stolen via phishing. Much like Deutsche Telekom, Twitter remained adamant that its systems were not breached.

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Data Breach Breach Credential Phishing 40

VISTA InfoSec

JULY 5, 2023

Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. From March 2021 to March 2022, the average cost of a data breach in healthcare was over $10 million, up from $9.23 Thus, protecting EHRs is crucial to avoid data breaches from hackers.

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PCI DSS Compliance Data Breach Breach 130

PYMNTS

MAY 4, 2020

Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers. Rise in Phishing Attacks and Data Breaches. Phishing attacks can also target CU employees.

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Phishing Credit Union Breach Data Breach 56

PYMNTS

AUGUST 20, 2020

This is simply not true; all of the data is available freely to ANYONE with internet access. Though it is legal to have, the type of data Diachenko uncovered is dangerous because operators of social engineering attacks , such as phishing, can use it to wage targeted attacks on internet users.

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Breach Phishing Database Legal 114

Fintech News

JANUARY 17, 2024

Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022. Over 80 percent of these phishing campaigns mimicked banks or financial services, including institutions based in China, as well as local services like Singpass and SingPost.

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Deepfake APACS Scams Authentication 107

Fintech Finance

SEPTEMBER 30, 2024

They are most troubled by phishing/vishing and impersonation scams, as well as fake product or service purchases. 48% were troubled about a potential data breach. Digital payments have become part of our daily lives and are increasingly crucial to fostering financially inclusive economies.

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Scams Digital Payments Consumer Payments 83

Fintech News

JUNE 10, 2024

Reducing the amount of unnecessary data collected can lessen the impact of a data breach and decrease the resources needed for data protection. Regular training sessions should be conducted to make employees aware of phishing and other social engineering tactics used by cybercriminals.

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Ransomware Authorization Phishing Cybersecurity 78

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.

AI 90

AI Innovation Fraud Detection Encryption 90

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. Reduce Fraud Rates by 70–99% Partner with SEON to reduce fraud in your business with real-time data enrichment, whitebox machine learning, and advanced APIs.

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Security Phishing Best Practices Data Breach 52

PYMNTS

JANUARY 28, 2020

Try wrapping your mind around the price tag of the average corporate data breach at $3.92 In the Capital One breach of 2019, a software engineer accessed 100 million customer accounts by exploiting a code weakness, then tried to share stolen customer data with others before being arrested. million per incident.

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Data Breach Phishing Breach Bots 57

The Fintech Times

JUNE 20, 2024

Confronting modern cyber risks in financial services David Atkinson, CEO, SenseOn Entrusted with the personal data of billions, financial institutions face a relentless barrage of cyber threats, amplified by the proliferation of internet banking , mobile applications and instant payment systems.

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Risk Cybersecurity Data Breach Ransomware 59

PYMNTS

SEPTEMBER 18, 2017

In the wake of the massive data breach at Equifax , the embattled credit scoring company announced that the Chief Information Officer, David Webb, and the chief security officer, Susan Mauldin, will both retire. These moves come after the company disclosed a major data breach in which 143 million U.S.

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Breach Risk Federal Trade Commission Data Breach 66

PYMNTS

JULY 19, 2020

. “Affected customers have already been informed by Orange teams, and Orange continues to monitor and investigate this breach. Phishing attacks have surged in the midst of the pandemic, PYMNTS reported. Orange apologizes for the inconvenience caused,” the company said, according to teiss.

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Ransomware Phishing Encryption Data Breach 60

PYMNTS

APRIL 14, 2019

The breach happened between January 1, 2019, and March 28, 2019, according to reports. The report noted that none of Microsoft’s enterprise customers appeared to be impacted by the breach. This is the latest breach to impact Microsoft this year. Microsoft said affected users should change their passwords.

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Breach Accounts Credential Compromise 68

Stax

MARCH 4, 2024

Taking precautions to implement security measures like firewalls and cybersecurity training helps to protect cardholder data and other sensitive information from cybercriminals. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

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PCI DSS Payment Security Security MFA 88

PYMNTS

JULY 24, 2020

It appears that third-party bad actors were able to use usernames and passwords that were compromised in previous data breaches of other websites and apps to login to some Instacart accounts,” Instacart wrote. “In We are not aware of any data breach at this time,” an Instacart spokesperson said. “We

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Accounts Compromise Data Breach Phishing 75

Clearly Payments

JULY 16, 2024

Phishing and Social Engineering: Attackers deceive employees or customers into divulging sensitive information, such as login credentials or personal identification numbers (PINs). In 2023, 83% of financial institutions reported an increase in phishing attacks. The travel industry saw a 44% increase in phishing attacks in 2023.

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Risk Identity Theft Phishing Account Takeovers 52

The Payments Association

NOVEMBER 20, 2024

How AI tools can help: AI-enabled biometric identification systems, which use biological characteristics (like fingerprints, voice, or iris recognition) to verify and authenticate a buyer’s identity, can help reduce identity theft and root out synthetic data.

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AI Fraud Detection Identity Theft Account Takeovers 88

PYMNTS

JANUARY 24, 2020

Legacy security methods such as rules engines cannot keep pace with modern fraudsters, and artificial intelligence (AI)-based behavioral analysis, as well as better data sharing, are crucial to safer eCommerce. And in digital fraud, phishing poses a unique threat to businesses. All this, Today in Data.

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Phishing Financial Crimes Data Breach Procedures 56