PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. But all the money in the world to secure an organization’s back office won’t necessarily help safeguard all company data.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

NOVEMBER 15, 2016

Free data storage services, the report said, may be an irresponsible choice for SMEs, though the report also found that, regardless of the security of the cloud data storage service, employee mistakes are often to blame for data breaches at SMEs. NIST, operating under the U.S. Others, however, are more behavioral.

Security 76

Security Cybersecurity Small Business Third Party Vendors 76

PYMNTS

MARCH 6, 2017

In 2016, there were 1,093 data breaches according to the Identity Theft Resource Center – a 40% increase over the 2015 data breach number of 781. Malware was the culprit in the multi-million-dollar Home Depot, Target, Wendy’s and PF Chang’s breaches. Malware and its Role in Data Breaches.

Data Breach 47

Data Breach Third Party Vendors Encryption Identity Theft 47

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.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

PYMNTS

AUGUST 4, 2017

Since the internet came into mainstream use in the 1990s, there have been myriad cyber infiltrations into sensitive data. businesses and organizations saw a 40 percent increase in data breaches , bringing its total to 1,093 reported incidents. “Don’t take the stance that your data is unbreachable,” he said.

Posting 44

Posting Consumer Data Breach Third Party Vendors 44

The Fintech Times

DECEMBER 11, 2023

. “Identity providers will also continue to be targeted, with modern defensive postures being able to bypass controls like multi-factor authentication while threat actors will continue to target third-party vendors to scale their attacks. In fact, our claims data has shown a significant increase in this activity.

Cybersecurity 107

Cybersecurity Ransomware Authentication AI 107

PYMNTS

JUNE 20, 2019

Between data breaches exposing customer details and card information and the rise of card-not-present fraud as operations move online, digital businesses are challenged to stay abreast of payment security trends — and fraud is a massive issue for firms large and small.

B2B 73

B2B Fraud Detection Third Party Vendors Payments 73

PYMNTS

MAY 15, 2017

The challenge thus has become one where cybersecurity is not just centered on what must be done internally to protect a company and its customers, said Woodbury, but also to determine how third-party interaction with data is regulated. .

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

PYMNTS

JULY 31, 2017

Regulators have reportedly informally reached out to the attorneys involved in the lawsuit underlying the release of information to figure out how the data breach happened. We are currently taking legal action to ensure the additional data is not disseminated, and we are requesting its rapid return.

Payment APIs and Integration 40

Payment APIs and Integration Third Party Vendors Cybersecurity Data Breach 40

CB Insights

JUNE 6, 2019

Altrec: Outdoor gear retailer left in the cold after security breach. data records were compromised in the first half of 2018 alone, according to the Breach Level Index, highlighting the importance of adequate digital security measures. Founded: 1997. Declared Bankruptcy: 2014. Total Funding: $5.3M. More than 4.5B

Breach 78

Breach On-Demand Product Acquirers 78

Nanonets

SEPTEMBER 25, 2024

  Limiting access to only authorized personnel, implementing Multi-Factor Authentication (MFA), and employing data masking techniques reduce the risk of data breaches.    To maintain data privacy and user trust, always stay compliant with regulations like GDPR, HIPAA, and SOC.

AI 52

AI Process Best Practices Reconciliation 52

CB Insights

JULY 23, 2020

Past incidents from biotech and genealogy companies have dampened public trust in the privacy of health data. For example, in 2018, 23andMe entered a $300M deal to sell data to drug giant GlaxoSmithKline, while in 2019, MyHeritage experienced a data breach that exposed details from 92M+ accounts.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

PYMNTS

FEBRUARY 12, 2019

The case highlights the risks and challenges companies face in not only vetting their suppliers, but vetting their suppliers’ suppliers, with third-party vendors a potential source of non-compliance for importers. The 156 shipments could have yielded a maximum fine of more than $40.8 million, reports said, but e.l.f.

Settlement 43

Settlement Compliance Risk OFAC 43