The Paypers

APRIL 7, 2017

(The Paypers) The Breach Level Index released by Gemalto has revealed that in 2016 identity theft was the leading type of data breach, accounting for 59% of all data breaches.

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Identity Theft Data Breach Breach Accounts 28

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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PYMNTS

DECEMBER 20, 2019

Gas station and convenience store chain Wawa said it discovered a data breach in which thousands of customers’ debit and credit card information was stolen, according to a report by CNBC. Wawa said its team stopped the breach on Dec. Wawa also said it doesn’t think any credit cards were used illegally because of the breach.

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Payments Source

MAY 1, 2020

Adam Levin addresses the threats of cyber fraud and identity theft and what you can do to protect your customers' privacy and credit security.

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Identity Theft Data Breach Breach Privacy 77

PYMNTS

NOVEMBER 13, 2020

Following a cyberattack that exposed patients’ mental health records last month, Finland is moving ahead with legislation that would let people change their personal identity codes in certain instances, according to an Associated Press (AP) report. The current law makes it difficult to change a personal identity code.

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Breach Laws Identity Theft Verification 69

PYMNTS

DECEMBER 27, 2019

Multiple lawsuits seeking class action status have been filed in Philadelphia over a data breach at Wawa convenience stores, which affected 850 locations along the East Coast of the U.S., Wawa recently came forward with information that it found malware on its payment processing servers, and that it stopped the breach on Dec.

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Payments Dive

OCTOBER 22, 2020

Synthetic ID theft is a fast-growing crime around the world. Data breaches are a common phenomenon not unique to the US - companies around the world face similar challenges. Personal information exposed from data breaches often winds up for sale on dark web marketplaces.

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APACS Identity Theft Data Breach Breach 76

Clearly Payments

JULY 16, 2024

Medical Identity Theft: Fraudsters use stolen patient information to obtain medical services, prescriptions, or insurance reimbursements. million cases of medical identity theft, resulting in $41 billion in losses. Healthcare data breaches increased by 55% in 2023, affecting over 29 million records.

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Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

SEPTEMBER 11, 2017

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. My understanding is the breach was perpetuated via the Apache STRUTS flaw,” Meuler told The Post. consumers, putting them at risk of identity theft.

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PYMNTS

MAY 10, 2019

prosecutors have charged a Chinese national for his alleged involvement in the 2015 data breach at health insurance company Anthem , which led to the theft of 78.8 million records. businesses. businesses. Benczkowski said in a press release. These defendants allegedly attacked U.S.

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Payments Source

OCTOBER 3, 2017

Credit bureaus can address identity theft by advancing the robustness of their security processes and abandoning outdated systems that rely on our personal information, writes Jason Brvenik, Chief Technology Officer for NSS Labs.

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PYMNTS

JUNE 21, 2019

Canadian lender Desjardins Group revealed that it has been the victim of a data breach that could impact more than 2.9 Desjardins, the largest association of credit unions in North America, explained that the breach is the result of unauthorized and illegal use of the company’s data by an employee who has since been fired.

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Data Breach Breach Identity Theft Law Enforcement 45

The Fintech Times

MAY 17, 2024

Overall, 68 per cent of respondents either know or suspect that they’ve been a victim of online fraud or identity theft, or that they know someone who has been affected. Finding a solution Identity verification is a key part of the solution for companies looking to secure themselves and ensure that their users are genuine.

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Deepfake Identity Theft Consumer Verification 69

PYMNTS

NOVEMBER 12, 2018

The Centers for Medicare and Medicaid Services ( CMS ) confirmed on its website that it was the victim of a data breach in October — the Marketplace system used for agents and brokers was hacked. However, since this breach involves sensitive personal information, including partial SSN, there could be a risk of identity theft.”

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Identity Theft Consumer Data Breach Breach 71

PYMNTS

MARCH 12, 2018

district court in San Jose, California, ruled late last week that most of a lawsuit concerning Yahoo’s data breach, which exposed 3 billion users’ personal data, can proceed. to get the claims tossed out, including allegations of negligence and breach of contract. According to news from Reuters , U.S. Back in Oct.

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Breach Identity Theft Data Breach Cybersecurity 40

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

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Risk Management Mitigation Risk Identity Theft 52

PYMNTS

FEBRUARY 21, 2018

Madhu said that the future lies in the fact that “more regulations are going to force the banks to disclose these types of things,” noting legislation in Congress that will set in place punishments for FIs that breach an individual’s PII.

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Identity Theft Rules Verification Accounts 40

PYMNTS

JANUARY 11, 2021

Robinhood has insisted its internal systems weren't compromised and that unauthorized access was due to identity theft. Only when news outlets reported on the breach did Robinhood acknowledge it had occurred.". In October, Robinhood reported hackers had obtained some customers' account information.

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Accounts Identity Theft Breach Laws 96

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. Take Marriott , which is still dealing with the fallout of a breach that left the data of 500 million rewards customers exposed. Inverting the Fraud Approach.

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Identity Theft Data Breach Breach Verification 63

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 Some 64 percent of all data breaches involve identity and personal data theft.

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Data Breach Breach Identity Theft Phishing 40

VISTA InfoSec

JULY 5, 2023

Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! million people.

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PCI DSS Compliance Data Breach Breach 130

PYMNTS

MARCH 16, 2017

The Department of Justice bringing charges against two spies in Russia and two hackers who allegedly took part in the massive data breach that rocked Yahoo recently has now shed light on exactly how these breaches took place. According to Palmore, that initial breach eventually led the exposure of more than 500 million user accounts.

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EBizCharge

MARCH 18, 2024

The breach notification rule requires entities to notify affected individuals and the Department of Health and Human Services (HSS) following a breach of unsecured PHI. It mandates prompt disclosure of breaches to affected parties, enabling them to take necessary steps to mitigate potential harm, such as identity theft or fraud.

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Venmo Zelle Identity Theft Privacy 52

PYMNTS

JUNE 6, 2016

Reports of data breaches and cyberattacks are serious, but what happens when those claims are untrue? According to Krebs on Security , last week, several identity theft protection companies incorrectly named Dropbox as the source of a data breach that compromised nearly 73 million usernames and passwords.

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Data Breach Breach Identity Theft Compromise 42

Fi911

MAY 7, 2024

In certain circumstances, such as excessive chargebacks, data breaches, fraudulent activities, or violation of regulations, a merchant’s account may be terminated. It could be due to a breach of the payment processor’s terms, excessive chargebacks, fraudulent activities, or violating legal or regulatory requirements.

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PCI DSS Processors Compromise Identity Theft 84

VISTA InfoSec

SEPTEMBER 15, 2023

Report any Personal Data Breaches to both the Data Protection Board and Data Principals. Personal Data Breach A Data Fiduciary must safeguard personal data and prevent breaches, including those by Data Processors (Clause 8 (5), DPDP Act). Clause 8(1), DPDP Act. Clause 8(6), DPDP Act.) Clause 10(2)(c) DPDP Act.)

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Data Breach Breach Government Governance 130

The Paypers

JULY 19, 2017

(The Paypers) A report released by Identity Theft Resource Center and CyberScout has revealed that bata breaches are up 29% over 2016.

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Breach Data Breach Identity Theft 28

Accertify

AUGUST 16, 2024

For example, a recurring delivery service might be used fraudulently by a third party after a password breach, triggering a chargeback from the subscriber for unrecognised items ordered on his account. According to The Identity Theft Research Center (ITRC), 422 million individuals were impacted by a data breach in 2022 in the US alone 10.

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Identity Theft Disputes Account Takeovers Research 52

Payments Source

NOVEMBER 14, 2017

There is a visible shift in attack patterns immediately following a breach, from initial attacks focusing on high-value loan applications at online lenders to low-value identity testing on charities and social media sites to determine if a stolen credential will work.

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Breach Credential Identity Theft Data Security 64

The Paypers

DECEMBER 17, 2020

Money has unveiled the launch of a new tool which aims to increase cybersecurity awareness and protect users from identity theft.

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Data Breach Identity Theft Breach Cybersecurity 28

PYMNTS

APRIL 26, 2018

Equifax ’s ongoing data breach recovery efforts will soon bring a new chief technology officer and other top security and IT talent to the credit scoring firm, company leadership said Thursday (April 26) during a post-earnings conference call. The breach could turn out to be the most expensive of all time, according to a Reuters report.

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Breach Identity Theft Data Breach Credit Cards 40

PYMNTS

AUGUST 25, 2016

As the list of retailers and service providers breached by hackers seems to be ever-growing, it seems the organizations that suffer at the hands of data thieves have a related but separate problem to worry about. Customers are watching and making decisions about where to shop based on security questions more than they ever have.

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Breach Consumer Identity Theft Compromise 40

PYMNTS

MARCH 26, 2019

The United States Supreme Court has rejected an appeal by online shoe company Zappos over a data breach in 2012 that compromised the information of 24 million customers, according to a report from Reuters. Zappos ’ argument is that because customers weren’t harmed by the data breach, a federal lawsuit should not be warranted.

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PYMNTS

JUNE 27, 2016

” Lawsuits have risen — both Target and Home Depot faced dozens from consumer stemming from their data breaches — but in almost all cases judges have dismissed the charges early because the plaintiffs involved had difficulty proving direct material harm. The litigation costs can be substantial.”. About 5 percent of U.S.

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Breach Consumer Data Breach Identity Theft 40

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. America’s Data Breach Problem. SEC Keeps An Eye On Yahoo.

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Data Breach Breach Security Risk 71

PYMNTS

MAY 21, 2020

Identity theft is also a constant fraud threat, with the Federal Trade Commission (FTC) stating that more than 650,57o cases of identity theft were reported in 2019. million total fraud incidents last year, and also set a new record for the highest amount of identity theft cases in any year in history.

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Financial Crimes Crime Identity Theft Federal Trade Commission 52

PYMNTS

DECEMBER 21, 2016

There was a time when data breaches were not a daily part of consumers’ day-to-day lives. How did consumers go from leading lives mostly free from data fraud and identity theft to one where such hacks, skims and breaches are part of the everyday background noise? These days, that is just not the world we live in.

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