PYMNTS

OCTOBER 11, 2018

It was also discovered that Apple’s Device Enrollment Program ( DEP ) exposes company passwords and other sensitive information if a “rogue” device becomes enrolled. The State Department was recently forced to disclose a data breach in which the personal information of some employees was exposed. Even the U.S.

Security 69

Security Authentication Enrollments Breach 69

PYMNTS

NOVEMBER 1, 2018

Equifax has extended its free credit monitoring to all Americans affected by last year’s massive data breach , but this time, it’s using a service offered by rival Experian. You have until January 31, 2019, to enroll in this extension of free credit monitoring through IDnotify , a part of Experian.”.

Enrollments 50

Enrollments Data Breach Breach Cybersecurity 50

Segpay

DECEMBER 13, 2024

If a breach occurs, identity data, once compromised, is hard to restore. ID Fraud Risks: With identity data breaches on the rise, organizations face the challenge of protecting sensitive data that could lead to identity theft. Using role-based access control and monitoring access logs can help detect and prevent unauthorized access.

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

NOVEMBER 13, 2018

It is not clear where the breach began, and Target did not provide specific details. In exchange for small bitcoin payments, they were supposedly enrolled in a sweepstakes to win much more bitcoin in return. Earlier in November, several European online retailers were victims of a similar attack, noted the report.

Scams 72

Scams Bitcoin Enrollments Cryptocurrency 72

Stax

JANUARY 28, 2025

Enhanced securitytokenization and two-factor authentication reduces the risk of data breaches As we mentioned earlier, Click to Pay uses a data security approach called tokenization to protect sensitive financial data from malevolent actors. Sensitive data may be stored on servers, increasing the risk of breaches.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

PYMNTS

AUGUST 21, 2018

When it comes to the bond between consumer and financial services, no doubt the relationship is a bit, well, frayed in the age of data breaches and the Dark Web. In the latest Data Drivers, Karen Webster and Philipp Pointner, chief product officer at Jumio , delved into some scary data points surrounding those aforementioned breaches.

Data Breach 42

Data Breach Breach Laws Authentication 42

PYMNTS

SEPTEMBER 17, 2020

The following Deep Dive examines how digital ID verification and user authentication can foster consumer trust and why providing seamless enrollment is essential. . Seamless, Secure Onboarding . Creating a secure yet convenient experience for onboarding customers to sharing economy services is critical. More than 111 million U.S.

Verification 89

Verification Authentication Economy Data Breach 89

Fintech Finance

NOVEMBER 6, 2024

In fact, 80% of confirmed data breaches globally are related to weak or stolen passwords, so it’s no surprise that the majority of consumers (91%) in Asia Pacific worry about cyber threats. How it works Consumers only need to enroll their Mastercard card once to use payment passkeys for online payments.

Visa 98

Visa APACS Transactions Authentication 98

PYMNTS

MARCH 10, 2020

The bank is accused of eight counts of breaching federal consumer protection and banking laws. Fifth Third called the allegations “unnecessary and unwarranted,” according to the Wall Street Journal (WSJ).

CFPB 67

CFPB Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Accounts 67

PYMNTS

SEPTEMBER 16, 2020

Universities working to enroll thousands of new students online face many of the same challenges that currently plague financial institutions (FIs) and insurance firms: They are struggling to keep out bad actors while managing surges in digital interactions. percent of all breaches reported during that year.

Cybersecurity 56

Cybersecurity Enrollments Phishing Identity Theft 56

PYMNTS

JULY 7, 2020

In this age of security breaches and legitimate privacy concerns, we designed Preciate Pay to be the most secured, private solution in existence,” says Eyal Fisher, co-founder and VP R&D. Shoppers give their explicit consent to self-enroll into the system, and their images are not stored in any capacity.

Innovation 60

Innovation Enrollments Debit Card Encryption 60

Finovate

FEBRUARY 21, 2025

When a consumer calls into a call center using Illuma Shield, they can complete enrollment simply by saying “yes” and continuing the conversation. As a result of the straightforward experience, Illuma reports that more than 95% of callers invited agree to enroll.

Authentication 52

Authentication Finance Security Due Diligence 52

PYMNTS

MAY 8, 2019

Meanwhile, in Thailand, KBank is embracing biometrics for new customer enrollments. A single data breach that manages to compromise users’ identities can cost firms an average of $3.86 How Citi Taps Biometrics to Enhance ‘Security Perimeter’.

Security 68

Security Authentication Compromise Blockchain 68

PYMNTS

JULY 15, 2020

With data showing that 45 percent of all 2019 data breaches — and there were a lot of them — involved medical records theft, costing healthcare providers $429 per compromised patient record or nearly $18 billion, organizations can’t be confused about their value to cyberthieves. Medical Records = Dark Web Gold.

Data Breach 58

Data Breach CCPA Social Security Breach 58

PYMNTS

OCTOBER 12, 2018

If businesses understand the customer they have enrolled, and they know who they are consistently, there are a lot fewer issues with running payments in real time or same day. The problem may be visible with the payment, but it started at the enrollment process when the criminal was allowed access into the system. What’s Next.

Faster Payments 73

Faster Payments Authentication Payments Enrollments 73

PYMNTS

SEPTEMBER 19, 2019

The threat of a data breach is now an ever-present part of life for customers and the banks that serve them. A reported 3,813 data breaches across a number of industries — collectively exposing 4.1 billion customer records — occurred in the first six months of 2019, for example. billion stolen credentials.

AI 57

AI Accounts Data Breach Credential 57

PYMNTS

SEPTEMBER 28, 2017

But in the world of identification fraud, there’s a greater sea change afoot, one that stretches farther than the impact on any one firm, or even the millions of adults targeted in the most brazen of breaches. This estimate was made well before the costs of the Equifax breach, though, so plan on the actual figure being quite a bit higher.

Enrollments 43

Enrollments Breach Fraud Detection Social Security 43

Stax

NOVEMBER 6, 2023

Besides the enhanced data security, other benefits include reduced risk of breaches, easier regulatory compliance, and compatibility with legacy systems. In other words, tokenization decouples sensitive information from the payment transaction thereby reducing the possibility of a data breach.

Encryption 88

Encryption PCI DSS Data Security Origination 88

PYMNTS

MARCH 18, 2019

“Employers that want to effectively compete for talent need to provide employees with mobile solutions,” he said, pointing to functions like benefits enrollment, managing time off, viewing pay stubs and more. “But, in many cases, human error is the cause of employer data breaches and data hostage situations. .

Payroll 64

Payroll API Payment APIs and Integration Data Breach 64

PYMNTS

APRIL 11, 2017

Data breaches are so commonplace, might we have become immune to the news of more credentials hacked, more identities stolen? Initial enrollments may happen online, added the executive, where regulatory hurdles must be leapt, for identity verification, at the front end. Data Point One: One Billion Plus.

Credential 40

Credential Enrollments Authentication Breach 40

FICO

AUGUST 28, 2020

However, widespread data breaches mean that password data has been leaked and can be bought by criminals on the dark web. If security isn’t right, there is a real risk to an organization’s brand; breaches in security can lead to loss of trust and hence loss of business. Plus, consumers don’t like passwords as a security measure.

Authentication 52

Authentication Online and Mobile Banking Breach Data Breach 52

PYMNTS

NOVEMBER 7, 2016

There are those high-profile credit card data breaches that create massive headaches for merchants, while the Federal Bureau of Investigation has continually warned the nation about corporate phishing attacks that specifically target the B2B and supplier payment process, convincing businesses to pay a fake supplier. .

Fed 77

Fed Secure Payments Task Force Security Federal Reserve 77

PYMNTS

AUGUST 10, 2016

The data that is at risk of being compromised includes member names, addresses, the types of plans they have, both member and group ID numbers, the names of dependents enrolled in the insurance plan and the names of their primary care doctors.

Compromise 40

Compromise Risk Payer Enrollments 40

PYMNTS

NOVEMBER 15, 2017

With no face to match to the name and no data beyond the traditional Social Security numbers, dates of birth and passwords, is it any wonder that account security is a tough battle to fight — especially against foes who have leveraged data breaches into literal gold mines? Barnhardt noted that an individual enrolling in insurance in the U.K.

Authentication 40

Authentication Verification Online and Mobile Banking Enrollments 40

PYMNTS

SEPTEMBER 11, 2019

He pointed to password managers and services that alert consumers to the fact that passwords may have been exposed in data breaches (and so must be discarded). It all just delays the inevitable passing of the password, said Pointner. Evolution and Adoption .

Authentication 72

Authentication Identity Theft Account Takeovers Checks 72

PYMNTS

NOVEMBER 1, 2017

Cardholders and customers are more concerned about the protection of their account and personal data than ever before, with high-level data breaches rattling their trust again and again — Target, Yahoo, Home Depot, Equifax and Whole Foods, just to name a few. Enrollment by annoyance, however, is likely not a recommended strategy.

Security 43

Security Enrollments Authentication Issuers 43

PYMNTS

JULY 12, 2019

Personal electronics manufacturer Samsung is also looking at mobile digital ID solutions with its Nexsign tool, which verifies users’ identities with biometrics, rather than easily breached or forgotten passwords and security questions.

Online and Mobile Banking 43

Online and Mobile Banking Governance Government Enrollments 43

National Merchants Association

AUGUST 17, 2023

Not all portals are the same, and fraud and data breaches can still occur. Research shows merchants can lose as many as half of their customers after a data breach, with a fifth of consumers prepared to break a relationship with a merchant after a security incident. So how can you stop this from happening?

Payment Security 52

Payment Security Security Debit Card Credential 52

PYMNTS

AUGUST 10, 2017

The overarching theme is to mitigate risk when it comes to offering individuals access to government services, in an effort to keep their personal data safe and the agency from a breach of data — and the conduits to getting there have, perhaps, more moving parts than you might expect.

Social Security 53

Social Security Security Credential Authentication 53

PYMNTS

JULY 9, 2018

Between the Equifax hack last year, the Exactis hack last month and the thousands of other data breaches, big and small, that happened between them (not to mention before them), the average American consumer can rest assured that some or all of their personal data is floating around the dark web these days.

Fraud Detection 44

Fraud Detection Enrollments Addressing Verification 44

PYMNTS

SEPTEMBER 6, 2019

Consumers are losing faith in passwords, PINs and similar KBA verification methods, but they also refuse to sacrifice speed and convenience for greater security — quick and easy user enrollment remains a top priority for that same 91 percent of call center industry leaders.

MFA 49

MFA Authentication Phishing Verification 49

PYMNTS

SEPTEMBER 30, 2016

That was the date that lives on in payments history since it was the date that Target announced it had been the victim of a massive POS breach that exposed the card data of some 40 million consumers. Not that EMV would have cured the reason for that breach, but let’s not get bogged down with details at the start of our story.

EMV 82

EMV CHIPS Chip Cards Push-to-Card 82

PYMNTS

FEBRUARY 22, 2019

As Webster noted, passwords are likely floating around somewhere on the dark web, pilfered as part of one of the innumerable data breaches seen in recent years — possibly up for sale. Passwords — and their easily forgotten nature — create friction and the irritation of repeated log-ins, on the best of days.

Credential 52

Credential Account Takeovers Authentication Verification 52

PYMNTS

FEBRUARY 6, 2018

News Monday that the Consumer Financial Protection Bureau has walked back from a full-tilt investigation into the Equifax breach brought to mind the personal data of hundreds of millions of people that is now floating across the Badlands of the Dark Web. A lot of companies are finding they have great discrepancies,” he told Webster.

Identity Theft 48

Identity Theft Social Security Addressing Consumer 48

Stax

FEBRUARY 28, 2024

This gives both you and your customers confidence that data breaches can be avoided. Access our enrollment toolkit to monitor your entire pipeline and track onboarding from start to finish, ensuring a seamless customer experience for your subscribers. Want to learn more? Get in touch with our SaaS payment experts today!

Payment APIs and Integration 88

Payment APIs and Integration Automation PCI DSS Fraud Prevention 88

PYMNTS

JANUARY 2, 2017

Concerns about whether password data was too easy of a target for fraudsters were only made worse as security breaches wreaked major havoc on companies and major political candidates alike. He pointed out that encryption and tokenization solutions have been among the most effective approaches to keeping data safe in the world of IoT.

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

FEBRUARY 27, 2019

More than 90 percent of India’s population is currently enrolled in the Aadhaar program, making it one of the world’s largest biometric ID systems. Office of Personnel Management suffered a breach in 2015 that resulted in the theft of 5.6 Keeping biometrics safe . million fingerprint records.

Governance 63

Governance Government Authentication Database 63