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 89

AI Innovation Fraud Detection Encryption 89

VISTA InfoSec

JANUARY 22, 2024

It boils down to minimizing the risk of data breaches and maximizing the security of cardholder information. This is achieved through a multi-pronged approach: Data Encryption: Requirement 3 mandates the use of strong cryptographic controls such as encryption for stored cardholder data. PCI DSS v3.2.1

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

VISTA InfoSec

OCTOBER 21, 2024

Some best practices to ensure robust cybersecurity include: Data Encryption: All sensitive data should be encrypted both in transit and at rest to prevent unauthorized access and ensure efficient data security measures.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

Stax

NOVEMBER 6, 2023

Moreover, companies need to follow data privacy and compliance requirements to stay in business. There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. The resulting token is essentially a proxy and has no real value.

Encryption 88

Encryption PCI DSS Data Security Origination 88

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?

Best Practices 52

Best Practices Data Breach Breach Phishing 52

Basis Theory

NOVEMBER 12, 2024

As a merchant, to understand tokenization for your own benefit, it’s critical to understand: What tokenization is, why it’s important for payments, and how it compares to encryption. How developers can use a tokenization platform to secure protected data without the costs and liabilities of building their own system.

Encryption 88

Encryption Payment APIs and Integration PCI DSS Returns 88

Fintech News

MARCH 10, 2024

From compromised financial data to stolen identities, a single breach can shatter user trust and cripple business operations. SecIron being a leading provider of mobile app security solutions, equips organisations to safeguard mobile apps and data against mobile malware and a multitude of other threats.

Digital Payments 89

Digital Payments Security Data Encryption Encryption 89

FICO

NOVEMBER 1, 2016

Look no further than the US presidential debates , where our two candidates have highlighted the need to address hackers, security breaches and even foreign nations that may be using sophisticated cyber tactics to influence the outcome of the upcoming November elections. Data encryption.

Cybersecurity 81

Cybersecurity Regulations PCI DSS Data Encryption 81

Basis Theory

OCTOBER 1, 2024

Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Exact Payments

JULY 1, 2024

By Jeremy Smillie, VP of DevSecOps at Exact Payments In an era where data breaches are not just threats but realities, protecting Personally Identifiable Information (PII) is more crucial than ever. At Exact Payments, we understand the magnitude of the responsibility of handling such sensitive data. We implement TLS 1.3,

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

VISTA InfoSec

OCTOBER 21, 2024

The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security can’t be emphasized enough.

Security 130

Security Phishing Ransomware Risk Assessment 130

CB Insights

OCTOBER 2, 2018

For example, Facebook recently disclosed that an unprecedented data breach, discovered on September 25, exposed the social media accounts of up to 90 million users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account.

Data Security 58

Data Security Encryption Security Data Breach 58

Payment Savvy

DECEMBER 3, 2020

Encrypt and Back-Up Data. An effective cyber fraud strategy should prevent physical access to sensitive data and render that data useless in case it falls into the wrong hands by encrypting it. Data encryption is the most effective way of protecting yourself from cyber fraud.

Encryption 52

Encryption Data Encryption Identity Theft Cybersecurity 52

Stax

JULY 16, 2024

The best way to protect data as it is being transmitted over a network, especially one that is public and open, is to encrypt it. One of the most common ways that cybercriminals get access to cardholder data is when it is being transmitted. Final Words Constantly fighting attacks and potential cardholder breaches is no joke.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

M2P Fintech

JULY 11, 2023

AES and ECDH To address security challenges, advanced encryption and decryption mechanisms must be integrated into the Android applications. The ECDH algorithm ensures sensitive data is protected from unauthorized access, enhancing the overall security of applications. Let’s explore the different modes of AES.

Encryption 52

Encryption Security Blocks Correspondent 52

Clearly Payments

JUNE 7, 2024

Payment Gateway Tokenizes Data Action : The payment gateway API tokenizes the sensitive payment information. Details : Tokenization replaces the sensitive card information with a secure token, reducing the risk of data breaches. Details : The acquiring bank forwards the request to the card network (e.g.,

Payment Gateways 59

Payment Gateways Gateways API Payment APIs and Integration 59

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

EBizCharge

NOVEMBER 27, 2024

Payment processor: The payment processor ensures that the payment data is transmitted securely between the merchant, customer, and issuing bank, enabling real-time approvals or rejections. The gateway acts as the intermediary that collects, encrypts, and transmits transaction data to the payment processor.

Accounts 52

Accounts Payment Gateways Gateways Payment APIs and Integration 52

PYMNTS

MAY 21, 2018

TeenSafe assures parents that the app “employs industry-leading SSL and vormetric data encryption to secure your child’s data. Your child’s data is encrypted — and remains encrypted — until delivered to you, the parent.”.

Encryption 43

Encryption Data Encryption Duplicate Credential 43

Exact Payments

FEBRUARY 5, 2024

While this may seem like a significant adjustment, it is, in fact, a positive step toward bolstering security measures and mitigating the potential fallout of any data breach. Change #2: Primary Account Number (PAN) Encryption The security of sensitive information, such as primary account numbers (PANs), is of utmost importance.

ISVS 52

ISVS PCI DSS Encryption Authentication 52

The Fintech Times

MARCH 18, 2024

These regulations mandate comprehensive measures, including data encryption, secure storage, meticulous access control, and detailed reporting of security breaches or suspicious activities.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

Segpay

JUNE 13, 2024

If you fail to fortify your defenses, your business will suffer a lot in the face of a successful breach. PCI DSS compliance sets industry requirements that safeguard payment card data using encryption, firewalls, and regular security audits. Verizon’s 2021 report found that 85% of breaches involved a human element.

Best Practices 40

Best Practices Processors Transactions Security 40

The Finance Weekly

DECEMBER 30, 2021

Moreover, how do you ensure data quality, security, and privacy as cybersecurity breaches stubbornly persist? Heightened Data Security A data security breach is one of the CFO’s biggest nightmares. As a small business CFO, how do you navigate toward business recovery?

Technology 52

Technology MSPS Small Business Data Security 52

FloQast

MAY 13, 2024

Ensuring all solution providers you work with employ data encryption, both during transmission and while data is at rest. Have a well-defined incident response plan in place that outlines the steps to take when a breach occurs to mitigate damage and prevent further compromise of sensitive financial data.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Nanonets

OCTOBER 1, 2023

• Security: PSPs use encryption and other security measures to protect your customers’ personal and financial information. When evaluating security measures, look for features such as data encryption, fraud detection and prevention, and customer authentication.

Payment Service Provider (PSP) 52

Payment Service Provider (PSP) Service Provider Payments Payment APIs and Integration 52

Nanonets

SEPTEMBER 21, 2023

The use of encryption ensures that payment information is transmitted safely and kept confidential. Another essential factor to consider when integrating EDI payment is data security. A reputable EDI payment provider will offer data encryption and other security measures to safeguard your business data.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

Nanonets

JULY 21, 2023

Security measures: Two-step authentication, data encryption, secure data centers, and network security Online file storage: Store and manage files securely in the cloud, eliminating the need for physical documents. Multi-currency support: Management of payments, bills, invoices, and quotes in different currencies.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Audit 52

Segpay

DECEMBER 19, 2024

With growing concerns around data breaches, identity theft, and unauthorized access, organizations need to ensure that only authenticated users can access their systems and sensitive information. These adaptive security measures help mitigate potential breaches.

Verification 69

Verification Authentication MFA Compliance 69