Stax

MARCH 15, 2024

The primary security standards that payment systems typically adhere to include: Payment Card Industry Data Security Standard (PCI DSS): PCI DSS sets forth requirements for securing payment card data, including encryption, access control, network monitoring, and regular security testing.

Process 88

Process Security PCI DSS Encryption 88

VISTA InfoSec

MAY 24, 2024

Understanding PCI DSS Developed by the Payment Card Industry Security Standards Council (PCI SSC), it is mandatory for all businesses to be PCI compliant to protect cardholders, companies, the Merchants and Service Providers they do business with from data breaches, fraud, and unauthorized access. 5 / 5 ( 1 vote )

PCI DSS 202

PCI DSS Small Business Assessments Compliance 202

EBizCharge

MARCH 18, 2024

From names and addresses to medical insurance and social security, this information must be handled with the utmost care to ensure privacy and security. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that protects the privacy and security of individuals’ health information. What is HIPAA?

Venmo 52

Venmo Zelle Identity Theft Privacy 52

PYMNTS

JANUARY 4, 2019

Following reports of its data breach last year, Marriott said on Friday (Jan. ” However, the company said, “there is no evidence that the unauthorized third party accessed the master encryption key needed to decrypt the encrypted passport numbers.” million encrypted passport numbers in addition to the 5.25

Data Breach 70

Data Breach Breach Encryption Database 70

Tearsheet

JULY 1, 2024

Two-factor authentication, encryption and fraud detection are minimum requirements. Security: These payment solutions come with strong security features like advanced encryption and authentication. This reduces fraud risk and addresses data privacy concerns, which, again, helps to build trust between merchants and consumers.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

PYMNTS

DECEMBER 31, 2018

So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Even more disturbing, perhaps, is that 68 percent of those breaches took months for the breached companies to discover. The breach was believed to have seen 5 million cards compromised.

Data Breach 92

Data Breach Breach Database Compromise 92

VISTA InfoSec

JULY 31, 2023

Doing so can help reduce the scope of PCI DSS compliance and minimize the risk of data breaches. Protect Stored Cardholder Data: PCI DSS Requirement 3 reduces risks of storing sensitive data by using encryption, truncation, masking and hashing to protect cardholder data from hackers; thereby ensuring compliance with regulations.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

PYMNTS

JANUARY 9, 2019

8) that his office, as well as 42 other state attorney generals, have settled with Neiman Marcus over a 2013 breach of customer payment card data at 77 of the retailer’s stores. The states’ investigations determined that around 370,000 payment cards were breached, including 8,323 associated with consumers in the state of Maryland.

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Breach Data Breach Settlement Payments 63

CoinRemitter

MAY 29, 2024

Disadvantages of CBDCs: Privacy Issues: In CBDCs, transactions are recorded on a public ledger. People may be concerned about their financial activities being monitored, which could lead to privacy breaches. Complete Security: Cryptocurrencies prioritize privacy and security.

Cryptocurrency 49

Cryptocurrency Central Bank Digital Currency Privacy 49

PYMNTS

OCTOBER 25, 2017

But, a new report by cybersecurity company Thales e-Security suggests data breaches at financial institutions (FIs) are on the rise, and that information technology (IT) professionals who work for these firms are growing increasingly concerned about the issue. In addition, 78 percent also said they plan to increase IT security spending.

Breach 41

Breach Data Breach Encryption Data Security 41

VISTA InfoSec

SEPTEMBER 14, 2023

This extensive data privacy regulation has an impact on many U.S. The GDPR has a considerable influence on data privacy globally, but what does it mean for the US? We will examine the effects of GDPR in the US and how businesses can adhere to this European privacy law. entities due to its extraterritorial reach. GDPR and U.S.

Compliance 130

Compliance Privacy Processors Legal 130

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. PAAY provides strong authentication at the front door and Bluefin encrypts and tokenizes the data at the point of interaction on the web. Each $1 of fraud costs retailers $3.13. .

Transactions 93

Transactions Security Encryption CCPA 93

PYMNTS

OCTOBER 17, 2018

Bluefin, the PCI-validated point-to-point encryption (P2PE) solutions company announced on Wednesday (Oct. The company’s cloud data protection platform provides tokenization, encryption and data vaulting as a unified software as a service for their enterprise customer base. ”

Data Security 62

Data Security Security Data Breach Encryption 62

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. Yahoo disclosed a breach of 500 million users’ data in Sept.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

JANUARY 9, 2018

8, in the Federal Trade Commission’s first children’s privacy case involving connected toys, VTech Electronics Limited and its U.S. The FTC said that VTech had violated the Children’s Online Privacy Protection Act (COPPA) – a U.S. The FTC said that VTech had violated the Children’s Online Privacy Protection Act (COPPA) – a U.S.

FTC 43

FTC Data Breach Breach Privacy 43

PYMNTS

APRIL 24, 2018

The Securities and Exchange Commission (SEC) announced news on Tuesday (April 24) that Altaba , the entity formerly known as Yahoo, has agreed to pay a $35 million penalty to settle charges related to the massive data breach at Yahoo that exposed the personal data of hundreds of millions of users.

Data Breach 40

Data Breach Breach Procedures Assessments 40

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. GET THE 39-PAGE CYBERSECURITY REPORT.

Data Security 58

Data Security Encryption Security Data Breach 58

CB Insights

MARCH 27, 2019

Already this year, at least 30 organizations — including coffee chain Dunkin’ and cloud provider Rubrik — experienced major data breaches. These high-profile data breaches (among many others over the last few years) have put the general public on high alert, with talk of data protection becoming an increasing priority.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

Clearly Payments

MARCH 22, 2024

At the heart of mobile payment systems are Near Field Communication (NFC), Quick Response (QR) codes, and secure elements such as encryption and tokenization. Encryption ensures that data transmitted during a transaction is scrambled and unreadable to unauthorized parties. Security is a critical component of mobile payment technology.

Contactless Payments 102

Contactless Payments Online and Mobile Banking Mobile Payments Payments 102

Payment Savvy

MAY 10, 2024

By implementing robust data controls, the company ensures user privacy while granting access to over 8,000 financial services. The platform prioritizes security and privacy through: Data Protection Plaid employs robust encryption, including AES and TLS, for data both in transit and at rest. How Much Does Plaid Cost?

Payment APIs and Integration 52

Payment APIs and Integration Venmo Privacy Credential 52

PYMNTS

JANUARY 9, 2018

8, in the Federal Trade Commission’s first children’s privacy case involving connected toys, VTech Electronics Limited and its U.S. The FTC said that VTech had violated the Children’s Online Privacy Protection Act (COPPA) – a U.S. The Office of the Privacy Commissioner of Canada collaborated with the FTC under the U.S.

Settlement 43

Settlement FTC Breach Privacy 43

The Fintech Times

APRIL 27, 2024

However, many have proven fallible to cybercriminals who are increasingly finding new ways to breach their security. We are advocates for comprehensive privacy measures, emphasising end-to-end encryption, robust authentication mechanisms, and user control over data. ” Where do APIs come into this?

API 124

API Cybersecurity Authentication Security 124

PYMNTS

JULY 10, 2019

data protection authority will hit Marriott with a £99 million ($123 million) fine for a breach that exposed the data of up to 383 million guests. Last year the hotel company revealed that guests’ data was accessed, tied to a breach of the Starwood hotel guest reservation database. We deeply regret this incident happened.

Regulations 54

Regulations Due Diligence Breach Data Breach 54

Payment Savvy

JANUARY 27, 2021

Statistics say 95% of credit card breaches are from the small online business realm. Not surprisingly, this fact is the reason for the hefty regulations on consumer data privacy. Use Encryption and Tokenization. Tokenization and encryption handle the data they are attempting to replace differently.

Security 52

Security PCI DSS Encryption Payments 52

PYMNTS

APRIL 25, 2019

Two consumer websites have settled with the Federal Trade Commission (FTC) over allegations that they did not secure consumers’ data, allowing hackers to breach both sites. This led to a security breach that compromised the data of approximately 2.1 million users, including around 245,000 users who indicated they were under 13.

FTC 53

FTC Data Security Security Consumer 53

PYMNTS

APRIL 30, 2018

Access Group Education Lending, the student loan servicing company, has been the subject of a data breach. The data breach occurred on March 23 when Nelnet, a vendor that processes student loans for Access Group, sent out the files. The data file was sent through an encrypted channel,” he said.

Data Breach 47

Data Breach Breach Social Security Encryption 47

PYMNTS

AUGUST 21, 2019

Along with the growing popularity of IoT devices, from fitness wearables to smart fridges, comes increased security and privacy issues. Mounting data breaches and device vulnerabilities have prompted wariness around IoT adoption. And many don’t think the onus should be on the consumer. The Corporate Perspective. Consumer Perception.

Security 66

Security Data Breach Encryption Breach 66

PYMNTS

SEPTEMBER 17, 2019

Those parts include requesting consent from the user, having data stewardship, maintaining data residency, making prompt disclosure of any breach or breaches in general and honoring the right of the end consumer to be forgotten. They make sure the client can present that information in their privacy policies.

FinTech 80

FinTech Compliance Breach Regulations 80

FloQast

MAY 13, 2024

New legislation, IRS guidance, and auditing standards will address blockchain technology, artificial intelligence, data privacy, cybersecurity, and other emerging issues. Cybersecurity and Data Privacy With the increased digitization of accounting processes, cybersecurity and data privacy have become paramount.

Accounts 52

Accounts Technology Cybersecurity Audit 52

PYMNTS

SEPTEMBER 9, 2016

After alluding to it last month, the commission is expected to release a revamped proposal of new regulations next week, which will likely include telecom and technology companies, some dubbed “over-the-top players,” possibly restricting how they use encryption. WhatsApp uses full-scale encryption. . tech firms.

Regulations 40

Regulations Encryption Privacy Disputes 40

Exact Payments

JANUARY 4, 2024

Adhering to these guidelines is essential for businesses to ensure the safe handling of credit card data, helping to minimize the risk of fraud and security breaches. Network hardware and software, like routers and firewalls, often come with pre-set credentials, making it easy for cybercriminals to breach your network’s security.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

PYMNTS

DECEMBER 7, 2018

The past year brought a significantly increased focus on the security and privacy of online data, with not only consumers paying more attention to the issue but (much more importantly) lawmakers holding big tech executives accountable in political hearings. and other places. You just need two or three insiders.”.

Cybersecurity 96

Cybersecurity Payments Privacy Breach 96

PYMNTS

OCTOBER 24, 2018

Guardian Mobile Firewall, the new smart firewall app that is currently in a closed beta test, will be made available soon, filtering and blocking traffic that breaches the user’s privacy. The firewall funnels all of the iPhone and iPad traffic through a virtual private network, which is encrypted to Guardian’s services.

Blocks 40

Blocks Privacy Encryption Breach 40

Segpay

DECEMBER 7, 2023

The main objectives of the DSA are to: Ensure high-level protection for users’ fundamental rights online, such as freedom of expression, privacy, data protection, non-discrimination, and consumer protection. Data Security and Protection Ensuring robust data security measures is imperative for complying with the DSA.

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52

PYMNTS

MAY 24, 2019

However, with this growth comes the increased risk of data breaches and fraud. It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance. For more on these and other IoT news items, download this month’s Tracker.

Data Breach 75

Data Breach Government Governance Best Practices 75

PYMNTS

AUGUST 7, 2017

The triPOS Cloud is designed to proactively help protect customer data via Vantiv’s encryption and tokenization technologies. In a press release, Vantiv said the cloud-based payment product is designed to provide leading-edge capabilities to any software provider implementing payments functionality.

Payment APIs and Integration 72

Payment APIs and Integration ISVS API Point-of-Sale (POS) 72

PYMNTS

JULY 15, 2019

The cybersecurity company Symantec has found an exploit that can be breached by hackers using WhatsApp and Telegram media files, according to reports. The exploit is especially troubling because both apps advertise the use of end-to-end encryption as a way to show that they are not vulnerable to attacks. billion estimated users.

Best Practices 40

Best Practices Cybersecurity Privacy Encryption 40