Payments Source

SEPTEMBER 20, 2017

Data breaches and payment hacks require not only tech measures, but crisis management. Had Equifax gotten out in front of the story, particularly during the slow news period of August, it would have earned kudos and perhaps mitigated some of the public scrutiny, writes David E. Johnson, CEO of Strategic Vision.

Breach 74

Breach Data Breach Posting Mitigation 74

PYMNTS

SEPTEMBER 21, 2019

They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks become more sophisticated, so much small businesses’ mitigation tactics. ” The U.S.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

VISTA InfoSec

SEPTEMBER 26, 2023

Authority of the DPDP Board: Penalties and Adjudication Under Section 33 of the DPDP Act, the Digital Personal Data Protection Board (DPDPB) holds the authority to impose penalties on Data Controllers or Significant Data Fiduciaries (SDFs) for significant breaches of the Act or its rules (Clause 33 (1), DPDP Act). These include: 1.Nature,

Compliance 130

Compliance Breach Privacy Mitigation 130

PYMNTS

NOVEMBER 15, 2018

15) the results of the third annual Ponemon Institute’s “Data Risk in the Third-Party Ecosystem” study, which found that 59 percent of companies surveyed said they have experienced a data breach caused by their vendors or third parties. Opus, the provider of global compliance and risk management solutions, announced Thursday (Nov.

Data Breach 78

Data Breach Breach Risk Risk Management 78

The Fintech Times

SEPTEMBER 5, 2024

Solutions like SoftPOS (Software Point of Sale) are able to turn devices like our smartphones into payment terminals and provide a higher flexibility, however, it introduces security risks including data breaches and malwares.

Financial Crimes 82

Financial Crimes Mitigation Cybersecurity Crime 82

VISTA InfoSec

OCTOBER 21, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

Compliance 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

VISTA InfoSec

JUNE 19, 2024

Therefore, this article explores the common cyber threats in video communication and provides strategies to mitigate them. Enforcing these policies ensures consistent adherence across the organization, reducing the risk of security breaches. Common Cyber Risks in Video Communication Video communication offers numerous benefits.

Risk 277

Risk Ransomware Phishing MFA 277

The Fintech Times

MAY 5, 2024

It hopes to do so with newly integrated features that build in loss prevention at no extra cost for policyholders: Breach & Attack Simulation (BAS): Resilience’s BAS tests enable organisations to validate security controls against up-to-date threat actor tactics and real-world techniques.

Risk Mitigation 69

Risk Mitigation Mitigation Risk Ransomware 69

VISTA InfoSec

OCTOBER 21, 2024

Turning on this feature helps foil the automated brute force attacks that hackers often employ to breach the accounts of uninformed or tragically insouciant wallet owners. A decent level of personalization will give you more control over your funds and help mitigate damage from unauthorized transactions.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Compromise 162

Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. 3 Technological Innovations to Mitigating Identity Risks In today’s digital-heavy era, addressing identity-related risks requires better technology.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Fintech Review

APRIL 10, 2025

Wilmington, North Carolina, April 10th, 2025, FinanceWire Brantas payment verification and Amboss compliance tools give businesses a robust solution to mitigate risks from sophisticated attackers, setting a new standard for business operational security in the Bitcoin and Lightning Network ecosystems. The Bybit hack, which saw nearly $1.5

Bitcoin 52

Bitcoin Transactions OFAC Verification 52

VISTA InfoSec

OCTOBER 21, 2024

Expertise to assess and mitigate data privacy risks to ensure the organization remains protected from breaches. Ability to respond quickly and efficiently to data breaches or security incidents, leveraging their problem-solving abilities.

CCPA 208

CCPA Privacy Assessments Laws 208

M2P Fintech

APRIL 10, 2025

Supported by robust mutual fund collateral, LAMF enables financial institutions to extend lower interest rates to borrowers while significantly mitigating their own risk exposure. Provides real-time LTV ratio calculations and proactive shortfall alerts to maintain sufficient collateral coverage, mitigating risks from market volatility.

Regulatory Compliance 52

Regulatory Compliance Mitigation Compliance Risk 52

Payments Source

DECEMBER 3, 2018

Businesses need to prove that they have taken all possible actions to inform and mitigate the damage during an event, writes Ryan Wilk, vice president of customer success for NuData Security, a Mastercard company.

Breach 79

Breach Mitigation Visa Security 79

EBizCharge

MARCH 18, 2025

As data breaches evolve and advance, a robust payment processing system that protects sensitive financial information is essential. By protectin g payments in Sage 100, your company can reduce the risk of data breaches and fraud, ensuring a secure experience for all parties involved.

Credit Cards 52

Credit Cards Process Security Data Breach 52

VISTA InfoSec

JULY 29, 2024

Turning on this feature helps foil the automated brute force attacks that hackers often employ to breach the accounts of uninformed or tragicallyinsouciantwallet owners. A decent level of personalization will give you more control over your funds and help mitigate damage from unauthorized transactions.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

Payments Source

JUNE 13, 2018

PCI compliance can take time and is expensive, but it's a vital part of security and there are ways to mitigate the resource challenges, according to Justin Shipe, vice president of information security for CardConnect.

Breach 71

Breach Mitigation Compliance Security 71

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

Data Breach 52

Data Breach Best Practices Breach Phishing 52

VISTA InfoSec

OCTOBER 7, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

The Fintech Times

JULY 30, 2024

The cost of data breaches has been on a steady incline for the past decade. However, evidence from IBM , a multinational tech firm, suggests that in the next 10 years, breaches could cost a lot more as we just experienced the highest year-on-year jump in cyber attacks (10 per cent).

Data Breach 59

Data Breach Breach AI Law Enforcement 59

VISTA InfoSec

SEPTEMBER 30, 2024

Data breaches, cyberattacks and misuse of personal information are severe threats challenging the privacy of customers data, they can not only damage a companys reputation but can also lead to heavy fines if compromised. To overcome these challenges, data protection laws are established. Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

Data breaches, cyberattacks and misuse of personal information are severe threats challenging the privacy of customer’s data, they can not only damage a company’s reputation but can also lead to heavy fines if compromised. To overcome these challenges, data protection laws are established.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

JUNE 3, 2024

According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords. In such attacks, cybercriminals exploit weak or reused passwords to breach multiple accounts, leading to significant data breaches and financial losses. Here are the essential components: 1.

MFA 130

MFA Credential PCI DSS Compliance 130

VISTA InfoSec

APRIL 28, 2024

offers essential guidelines and a framework to safeguard cardholders’ data and mitigate any potential data breaches that may occur in banks. Conclusion: PCI DSS Compliance is essential for banks to ensure that the customers’ data is secure and is prepared to handle any data breaches.

PCI DSS 130

PCI DSS Compliance Assessments Data Breach 130

Payments Source

AUGUST 4, 2019

Under the regulation, banks and financial services providers must secure their own systems as well as implement third-party risk management programs, which can mitigate insider threats from third parties, says Michael Magrath, director of global regulations and standards for OneSpan.

Regs 67

Regs Breach Mitigation Risk Management 67

Finovate

JANUARY 17, 2025

“We see substantial opportunity to introduce global products like trended and alternative credit data, fraud mitigation solutions, and consumer engagement tools. Part of TransUnion’s TruEmpower suite of solutions, Enhanced BreachIQ builds an Identity Safety Score based on the user’s individual and unique data breach history.

Cross-Border 64

Cross-Border Cross-Border Payments Payments Acquirers 64

Stax

JANUARY 8, 2024

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. You should also have contingency plans or initiatives in place to mitigate the impact of a risk.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

PYMNTS

APRIL 7, 2020

“We cannot outright predict a pandemic any more than we can predict a data breach or an account takeover,” DataVisor CEO and Co-Founder Yinglian Xie recently told PYMNTS. What we can do, however, is empower organizations to proactively spot burgeoning crises early and take decisive action before extensive damage occurs.”

Account Takeovers 85

Account Takeovers Data Breach Mitigation Breach 85

Neopay

JULY 26, 2024

CB Payments Limited (CBPL), a subsidiary of the globally recognised cryptoasset trading platform Coinbase, has been fined £3,503,546 by the Financial Conduct Authority (FCA) for significant breaches of a voluntary requirement (VREQ) imposed on the company. CBPL, however, repeatedly breached those requirements.

Financial Crimes 52

Financial Crimes Crime Breach Money Laundering 52

The Finance Weekly

JUNE 7, 2022

Hack may not be the most comforting word in describing cyber security strategies, but it is nonetheless of paramount importance to defend against cybersecurity breaches. When approached as a risk issue, cybersecurity can become more an exercise in transference than mitigation. OT security.

Cybersecurity 130

Cybersecurity Breach Privacy Risk Management 130

Payments Source

JUNE 28, 2018

As data breaches mount in the "Equifax era," CFOs have a broad vision of enterprise data that can prove helpful in mitigation, according to Lauren Ruef, a research analyst for Nvoicepay.

Crime 73

Crime Data Breach Mitigation Breach 73

Fintech Review

APRIL 20, 2025

It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption. Cybertech helps mitigate these risks by securing each layer of the stack from device authentication to back-end systems. Cybertech sits at the intersection of cybersecurity and fintech. What Is Cybertech?

Finance 52

Finance Security Fraud Detection Encryption 52

Fintech News

NOVEMBER 12, 2024

The Shared Responsibility Framework , which outlines duties for financial institutions and telecommunications companies to mitigate phishing scams, applies to these accounts as well. This framework ensures banks compensate scam victims if institutional responsibilities are breached.

Accounts 107

Accounts Financial Literacy Transaction Limits Scams 107

PYMNTS

DECEMBER 5, 2018

Rather, a hack at its credit reporting vendor Experian led to the data breach. million patients may have been exposed, all thanks to a data breach at one of its vendors, healthcare technology provider AccuDoc Solutions. Here’s the kicker: It wasn’t T-Mobile’s fault. Even so, the damage had been done.

Risk Mitigation 76

Risk Mitigation Security Data Breach FinTech 76

Fintech News

JUNE 10, 2024

Organisations should conduct exercises to test these plans before an actual ransomware attack occurs, enabling swift and decisive action to mitigate the situation. Reducing the amount of unnecessary data collected can lessen the impact of a data breach and decrease the resources needed for data protection.

Ransomware 106

Ransomware Authorization Phishing Cybersecurity 106

Segpay

FEBRUARY 21, 2024

These tokens are generated for each transaction, reducing the risk of data breaches. This proactive approach enables organizations to detect and mitigate potential security breaches before they escalate, significantly enhancing overall cybersecurity. Even if a token is intercepted, it cannot be used for any other transaction.

AI 105

AI Innovation Fraud Detection Encryption 105

VISTA InfoSec

SEPTEMBER 28, 2023

Define Data Breach Policies and Procedures: We underscore the importance of Clause 8(6) of the DPDP Act. It mandates that data controllers report any breach in personal data to both the affected individuals and the Data Protection Board of India. However, the DPDP Board has yet to be formed. 5 - (3 votes)

Privacy 130

Privacy Audit Data Breach Breach 130