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?

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PYMNTS

JULY 10, 2019

Privacy is the new currency in a time when browsing the internet can be a lot like walking through a crime-ridden neighborhood. Besides identity theft, malware and viruses, there are phishing scams, data breaches and other unknown issues that can compromise computers and daily life.

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PYMNTS

MARCH 18, 2019

The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. He pointed to the recent enactment of the California Consumer Privacy Act of 2018 as an example.

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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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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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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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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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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. Cookies often contain session data that can authenticate a user to a website, and securing these is crucial to preventing identity theft.

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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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PYMNTS

MAY 8, 2020

And, the CCPC noted, many Americans “appreciate the privacy and personal freedoms and protections cash affords for their individual spending decisions and purchasing data.”.

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Clearly Payments

MARCH 4, 2024

From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013. Over 40 million credit and debit card accounts compromised.

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Stax

AUGUST 20, 2024

Some challenges and considerations of embedded finance and fintech involve regulatory and compliance issues, data privacy and security, and stiff competition. Data security and privacy concerns Collecting your customers’ data for personalized services poses serious threats if the data is breached.

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Embedded Finance Finance FinTech Payment APIs and Integration 88

Segpay

DECEMBER 14, 2023

Cryptocurrencies offer privacy, lower fees, faster transactions, no chargeback risks, and global accessibility. Privacy and Security of User Information Online privacy and security are growing concerns in the adult content industry. Key Takeaways Crypto legitimacy is growing globally among merchants and businesses.

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PYMNTS

MARCH 29, 2017

Data and analytics startup XOR Data Exchange announced it will provide a free resource to online retailers to help businesses identify and mitigate the risk of identity theft. Participating online retailers will also have access to recent data breach activity and the format of any compromised account passwords via the platform.

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The Fintech Times

OCTOBER 5, 2024

Starling has since reported multiple potential breaches of financial sanctions to the relevant authorities. “Robust anti-fraud measures are crucial not only for safeguarding the bank’s operations but also for protecting customers from financial losses and identity theft.” ” Is this enough of a punishment?

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Clearly Payments

MARCH 22, 2024

This feature is particularly effective in safeguarding user information; even if a merchant’s system is breached, hackers would not have access to real credit card information. Despite these technological advancements, maintaining trust in mobile payment systems also depends on user education and awareness.

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PYMNTS

APRIL 7, 2017

But these agreements also tend to inflame the debate over data privacy. Companies like Finicity are striking data-sharing deals in a market climate wrought with data breaches and fraud, too: Earlier this year, the Identity Theft Resource Center and CyberScout found that data breaches in the U.S.

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PYMNTS

DECEMBER 13, 2019

While Facebook has had some notable instances of stolen user data, the company said this particular breach only involved employees. “We The drives contained data for about 29,000 Facebook employees who worked at the company in 2018.

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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.

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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.

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PYMNTS

FEBRUARY 13, 2020

Though there is much that individual firms and the industry as a whole can do to stem the hemorrhage of sensitive data into the hands of cybercriminals – via better encryption, storage and anonymization of data – there is a staggering amount of data already out there from previous breaches that is useful to fraudsters.

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PYMNTS

JUNE 1, 2016

We’ve built a lot of privacy enhancing technologies that allow us to let companies share information without actually flying the data around,” Cook explained. The company’s Compromised Identity Exchange was launched two weeks ago at the request of a large bank that had customer records compromised.

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PYMNTS

OCTOBER 26, 2016

With massive cyberattacks like the recent Yahoo data breach — which compromised the personal data of an estimated 500 million user accounts — it’s clear that payment data isn’t the only information that needs to be protected. to provide additional layers of security.

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PYMNTS

OCTOBER 3, 2019

Indeed, that finding would seem to argue against the common and reasonably supported notion that consumers have become numb to data breaches and hacking, and perhaps even resigned to the fact that they will fall victim to identity theft, stolen funds and other types of fraud that are anchored to online and mobile devices.

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Stax

APRIL 30, 2024

In addition, they also ensure the privacy of business data and compliance with laws and regulations. The PCI DSS contains twelve stringent requirements that protect both the merchant and the customer from data breaches and identity theft. Not complying with the PCI can attract a fine of up to $500,000 per incident.

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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. This is the number of consumers were the victims of identity theft in 2016.

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PYMNTS

NOVEMBER 6, 2018

We have notified customers whose accounts may have experienced unauthorized access and offered them one year of credit monitoring and identity theft protection service.”. “HSBC regrets this incident, and we take our responsibility for protecting our customers very seriously,” an HSBC spokeswoman told Reuters. “We

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Accounts Identity Theft NOV Compromise 68

PYMNTS

OCTOBER 23, 2018

One is the increasing prospect of fraud, of criminals breaking into healthcare IT systems in search of patient data, the scope of which can enable identity theft in ways that are relatively easier than in other sectors. That said, the move to digital can spark new challenges for medical offices.

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Nanonets

FEBRUARY 12, 2024

From identifying identity theft to uncovering patterns indicative of malicious intent, AI's role in fortifying the security walls of credit scoring is indispensable. One major concern revolves around data privacy and security. Another significant challenge is the issue of bias and fairness in AI algorithms.

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PYMNTS

NOVEMBER 6, 2017

Yet those nine numbers have become a standard bearer for identity verification, a gold mine for fraudsters – maybe rendered moot by the huge breaches at Equifax and other companies. After all, your very name, address, telephone number, maiden name and so on are all ticking time bombs, putting you at risk for identity theft.

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Fintech Labs Insights

JUNE 22, 2015

But last week BillGuard demonstrated a promising new avenue for incremental fee income: integrated mobile identity theft alerts, resolution and insurance ( see inset ). The c redit and fraud monitoring is powered by CSIdentity (CSID), an Austin-based firm that says it powers 80% of the retail identity theft protection industry.

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PYMNTS

FEBRUARY 28, 2019

Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). In 2017, Equifax suffered a massive data breach that exposed the personal data of 143 million consumers in the U.S., Begor made the confession after U.S.

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