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

FEBRUARY 10, 2017

a leading provider of identity theft protection, it has created the most comprehensive consumer digital safety platform to help people protect their information, identities, devices and families. With more people shopping online and sharing their lives on social media, identity theft is at an all-time high.

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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

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

Payments Dive

JULY 28, 2017

Find out what types of data breaches happen most frequently and the countries being affected by downloading this new infographic. We look at denial of service, web application attacks and payment card skimming, POS vulnerabilities and identity theft, among others.

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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

FICO

AUGUST 1, 2019

With the rapid rise of data breaches around the globe, the fear of identity theft is at an all-time high. What does it have to do with identity theft? If you don’t receive an anticipated package, you can report theft. Remember that the breaches in the news today will have impacts far down the line.

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Identity Theft Credit Cards Account Takeovers Data Breach 40

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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Data Breach Breach Identity Theft Credit Cards 52

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

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

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

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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Data Breach Breach Identity Theft Debit Card 52

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

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

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

Segpay

NOVEMBER 26, 2024

The Importance of Reliable Digital Identity Verification In a digital world, ID verification is a trust-building mechanism that protects both the user and the organization. Proper digital identity verification tools help protect sensitive data from unauthorized access and security breaches.

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Verification Identity Theft Money Laundering Due Diligence 88

PYMNTS

JULY 9, 2020

This could be a particularly important switch as major data breaches have made it easier than ever for fraudsters to find the personal details they need to figure out customers’ logins and thwart password-based authentication measures. percent of all fraud reported in 2019.

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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

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

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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Data Breach Breach Identity Theft Law Enforcement 46

PYMNTS

JANUARY 2, 2019

Warby Parker contacted law enforcement when it found out about the breach. One of the biggest problems with these types of data breaches is that many users repeat passwords over many sites, and when information is stolen from one company, it can often be used by another. Warby Parker said that is what happened with this breach.

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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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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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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

Payments Source

SEPTEMBER 13, 2017

The breach may result in a huge new dump of names, addresses, Social Security numbers, and other personal information that fraudsters can leverage to gain access to a legitimate user’s account, writes Jason Tan, CEO of Sift Science.

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Breach Social Security Addressing Accounts 63

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

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

The Payments Association

NOVEMBER 20, 2024

From payment card fraud and identity theft to chargeback fraud and refund fraud, scammers are continuously devising new ways to siphon money away from cardholders and merchants illegally. Finally, AI tools also have applications in identity verification. How will AI tools evolve to combat new threats?

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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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Payments Source

SEPTEMBER 27, 2017

The identity theft threat created by the Equifax hack and the growth of online lending have given software makers a platform to pitch products that rely on selfies, scans of driver’s licenses and other nontraditional ID methods.

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Identity Theft Verification Product Data Breach 64

FICO

MARCH 6, 2017

Criminals are looking to gain financially in three main ways: Data breaches to feed identity theft. Third-party fraud is fuelled by identity theft, and breached data gives criminals the information they need to take over someone’s identity. Cyber-attacks with financial demands.

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Identity Theft Breach Data Breach Phishing 65

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

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Fi911

MARCH 26, 2024

In the event of a data breach, the tokens would be of no value to cybercriminals since they cannot be converted back to the original payment details. This effectively minimizes the risk of fraud and identity theft, providing peace of mind for both consumers and merchants.

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PCI DSS Encryption Origination Data Security 98

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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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

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

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. 1,093 data breaches hit entities in the U.S. 1,093 data breaches hit entities in the U.S.

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Data Security Government Governance Data Breach 54