Bank Automation

FEBRUARY 15, 2024

Financial institutions prioritize investment in cybersecurity technology but no matter how much they spend for protection, their systems and data remain vulnerable. “You could never say any organization is 100% secure and they’ll never be hacked,” Ray Kelly, fellow at cybersecurity company Synopsys Software Integrity Group, told Bank Automation News, (..)

Data Breach 84

Data Breach Breach Security Cybersecurity 84

Nomentia

OCTOBER 3, 2024

Best practices to improve payment process security and prevent payment fraud Payment fraud, data breaches, hefty fines! As AFP’s 2024 report illustrates , no business is safe in the long run without robust payment process security. And when it comes to payment security, even a little is too much.

Best Practices 59

Best Practices Payment Security Security Data Breach 59

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

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?

Best Practices 52

Best Practices Data Breach Breach Phishing 52

Stax

MAY 6, 2024

When you think about growing your business, improving data security probably isn’t at the top of your list—and that’s understandable. After all, the topic of security doesn’t sound as exciting as that latest Instagram hack and isn’t as immediately impactful as a new sales tactic. Is my ecosystem locked?

Data Security 88

Data Security PCI DSS ISVS Compliance 88

Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. billion digital wallet users, or 42.6%

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Bank Automation

FEBRUARY 16, 2024

Bank of America is working to control the fallout following an October data breach at third-party vendor Infosys McCamish Solutions.

Data Breach 121

Data Breach Third Party Vendors Breach Product 121

VISTA InfoSec

JULY 31, 2023

The PCI DSS Checklist is a crucial first step in securing your business. It’s a tool that helps businesses ensure they’re meeting all the requirements of the Payment Card Industry Data Security Standard (PCI DSS). The QSA will review the business’s security measures and access controls, and provide a report on their findings.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

PYMNTS

FEBRUARY 1, 2021

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. 19 percent fewer data breaches occurred in the U.S. The campaign is targeting businesses across the U.S.,

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

VISTA InfoSec

MARCH 28, 2024

As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. This article explores ten key principles that every company should know and implement to ensure the highest level of data security. You should also regularly review stored data and purge what is no longer needed.

Data Breach 249

Data Breach Regulatory Compliance Breach Encryption 249

PYMNTS

JULY 27, 2020

The FinTech on Saturday (July 25) confirmed the data breach after reports emerged that details involving as many as 7.5 In a blog post, Dave blamed the data breach on Waydev, a former third-party service provider. million banking users had been exposed on a forum used by hackers to sell and swap ill-gotten data.

Data Breach 98

Data Breach Breach FinTech Third-Party Service Provider 98

Stax

MARCH 15, 2024

Data protection and security are crucial not just for safeguarding customer information, but for protecting business owners as well. Having and maintaining secure payment systems is integral for protecting yourself and your customers. Enter secure payment systems (SPS). What Are Secure Payment Systems?

Process 88

Process Security PCI DSS Encryption 88

Payments Dive

NOVEMBER 1, 2023

The amendment to the FTC’s Safeguards Rule would require non-banking financial institutions to report when they discover information impacting at least 500 people has been accessed without authorization.

Non-Bank 88

Non-Bank FTC Data Security Breach 88

PYMNTS

JUNE 24, 2020

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. Data breaches have not slowed during the pandemic. The company introduced new measures for privacy in response, letting users hide their phone number from everyone.

Breach 115

Breach Data Breach Law Enforcement Database 115

PYMNTS

NOVEMBER 3, 2020

One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. The firm said it discovered the breach after an internal audit and that it has reported the breach to Swedish regulators. elections or fraudsters looking to take advantage of the pandemic’s eCommerce trends.

Data Breach 102

Data Breach Breach Cybersecurity Audit 102

NACHA

MAY 31, 2024

Nacha's Payments Innovation Alliance, a membership program bringing together diverse global stakeholders seeking to transform the payments industry, has published the Security Incident Response Procedure Guide for Companies.

Procedures 52

Procedures Innovation NACHA Security 52

Fintech News

DECEMBER 14, 2023

Or what are the biggest threats or security gaps causing IT and security teams to lose sleep at night? Or a new security flaw in some omnipresent software? And I reply that the truth is that breaches – even big, expensive, reputation-tarnishing breaches – often happen because of simple, mundane things.

Security 109

Security Breach Rules Ransomware 109

The Paypers

JANUARY 8, 2024

Cryptocurrency payment gateway CoinsPaid has encountered its second security breach within a span of six months.

Breach 48

Breach Cryptocurrency Payment Gateways Gateways 48

Payments Source

APRIL 5, 2020

The most effective way to avoid cloud payment breaches is by dramatically reducing access, says CloudKnox Security's Balaji Parimi.

Breach 95

Breach Security Payments Data Breach 95

Payments Source

SEPTEMBER 16, 2018

Organizations that lack security controls and have experienced a breach can expect auditors, regulators and standards bodies to knock on their doors demanding information, writes Fouad Khalil, head of compliance and SecurityScorecard.

Breach 114

Breach Compliance On-Demand Regulations 114

PYMNTS

DECEMBER 14, 2020

In addition, Viral Patel , a senior managing director of Blackstone, and Art Coviello , former CEO of RSA Security, will join the firm’s board of directors, FireEye said. FireEye first announced the deal in November, along with its acquisition of Respond Software, a startup that helps companies probe and get a handle on security incidents.

Cybersecurity 110

Cybersecurity Breach Authorization Adjustments 110

Payments Source

JULY 3, 2017

Military and intelligence agencies around the world have grappled with data breach challenges for years, and have relied on Secure KM (Keyboard/Mouse) switches to manage the risk.

Data Breach 60

Data Breach Breach Security Risk 60

PYMNTS

APRIL 8, 2020

alleging the California company’s video conferencing app has security bugs. The Bloomberg report said the lawsuit comes as shareholders say these security loopholes arise as the number of app users continues to grow in the wake of COVID-19 that has much of the country working from home.

Privacy 56

Privacy Breach Security Participant 56

PYMNTS

JANUARY 30, 2020

A breach of India’s SpiceJet, one of the country’s biggest independent airlines, exposed the data of more than a million passengers, per a report on Thursday (Jan. 30), citing a security researcher. The breach was supposedly discovered via white-hat or ethical hacking , the security researcher said.

Breach 80

Breach Correspondent Research Database 80

Payments Dive

JULY 26, 2018

While more connected devices is convenient for consumers as far as payments, it also opens a window for cybercrime and security breaches.

Security 149

Security Breach Consumer Payments 149

PYMNTS

FEBRUARY 20, 2020

11 advised possible victims that there was a “data breach” involving a system run by the agency. Social Security numbers and other sensitive information are believed to have been breached between May and July of 2019, the letter said. The breach saw the theft of 21 million vetting files on federal employees and contractors.

Data Breach 69

Data Breach Compromise Breach eWallet 69

Payments Source

SEPTEMBER 9, 2020

Businesses must take steps to manage Shadow Code data breach risk by applying timely security patches and upgrading vulnerable open source libraries and third-party plugins, says PermiterX's Ameet Naik.

Data Breach 69

Data Breach Breach Risk Security 69

PYMNTS

MARCH 13, 2020

Princess Cruises disclosed a potential data breach in a notice posted on its website. According to the notice, “Upon identifying this potential security issue, we engaged cybersecurity forensic experts and initiated an investigation to determine what happened, what data was affected, and who was impacted.”.

Data Breach 68

Data Breach Breach Law Enforcement SARS 68

Payments Source

DECEMBER 17, 2018

It can be difficult for security analysts to pinpoint the abnormal behavior while sorting through huge amounts of data, according to Steve Moore, chief security strategist at Exabeam.

Security 97

Security Breach Data Breach Risk 97

PYMNTS

NOVEMBER 7, 2019

Capital One ’s chief information security officer (CISO), Michael Johnson, is being transferred to a new position following the bank’s colossal cyberattack in July, The Wall Street Journal (WSJ) reported Thursday (Nov. Capital One employees raised red flags over security risks before the company suffered a massive data breach.

Data Breach 40

Data Breach Breach Security FBI 40

PYMNTS

OCTOBER 16, 2020

million fine for lacking the proper security measures that might have prevented a hacker in 2018 from exposing the financial details of more than 400,000 customers, the U.K.'s People entrusted their personal details to BA and BA failed to take adequate measures to keep those details secure,” said Information Commissioner Elizabeth Denham.

Data Breach 83

Data Breach Breach Security Origination 83

The Fintech Times

FEBRUARY 22, 2024

As a result, we set out to investigate the impact the popular technology is going to have on the cross-border payments sector – specifically looking at security. “Artificial Intelligence (AI) will play a pivotal role in elevating security within the cross-border payments space. appeared first on The Fintech Times.

Cross-Border Payments 136

Cross-Border Payments Cross-Border AI Payment Security 136

PYMNTS

JULY 30, 2019

A former Amazon systems engineer working for Capital One is said to be the woman behind a breach that accessed the data of over 100 million people. Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached. Capital One revealed the massive data breach in a news release on July 29, 2019.

Breach 87

Breach Law Enforcement Data Breach Social Security 87

PYMNTS

NOVEMBER 24, 2019

A recent data breach exposed the personal data of more than 1 million prepaid T-Mobile customers, reports said on Friday (Nov. The information exposed did not include any financial information, social security numbers or password data. The company found that in 2018, breaches cost a company $1.23 SMBs in the U.S.

Data Breach 81

Data Breach Breach Social Security Risk 81

PYMNTS

DECEMBER 20, 2018

20) that it fined Uber $460,000 over its 2016 data breach that exposed the data on 57 million customers and drivers across the world. Uber paid hackers to hide the breach for about a year before it was disclosed. ” The French government joins a growing list of countries fining Uber over that data breach. .”

Data Breach 77

Data Breach Breach Authorization Privacy 77

The Fintech Times

JUNE 3, 2024

Using the world’s largest proprietary risk and threat intelligence dataset, SecurityScorecard , the cybersecurity analyser, studied cybersecurity breaches across the UK’s 100 largest companies by market capitalisation, releasing a comprehensive analysis of the landscape of the FTSE 100 in the UK. None of them received a C rating or below.

Third Party Vendors 111

Third Party Vendors Cybersecurity Breach Risk Management 111

PYMNTS

SEPTEMBER 22, 2019

Ecuador ’s government has rushed a draft privacy law to Congress after the nation was hit with a massive data breach impacting more than 20 million people. The researchers informed the Ecuadorean authorities, who closed the breach on Sept. Then on Sept. The researchers said they had not stored any of the data or profited from it.

Data Breach 75

Data Breach Breach Laws Privacy 75