PYMNTS

SEPTEMBER 23, 2020

California-based Jumio said its artificial intelligence (AI)-fueled identity verification offerings are now available to Microsoft Azure Active Directory External Identities for business-to-consumer (B2C) clients.

Verification 92

Verification B2C Best Practices Data Breach 92

VISTA InfoSec

APRIL 5, 2024

Operational interruption happens when cybersecurity is breached. Data breaches don’t easily get overlooked. Cybersecurity measures such as data encryption, two-step verification, and stringent policies on data access are some of the things that should be implemented in order to minimize online threats. Tainted reputation.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

The Payments Association

DECEMBER 9, 2024

These capabilities make LLMs ideal for real-time fraud detection, transaction monitoring, and identity verification, helping payment providers stay one step ahead of fraudsters and ensuring a more secure financial ecosystem. The risk of data breaches and unauthorised access will not disappear, or lessen.

Privacy 88

Privacy AI Payment Security Security 88

PYMNTS

SEPTEMBER 17, 2020

Identity verification provider Jumio found in its Global Trust and Safety Survey that one in five U.S. The sharing economy — a market projected to be valued at more than $300 billion by 2025 — can adopt a number of different digital identity verification tools to help build that trust, however. . Seamless, Secure Onboarding .

Verification 89

Verification Authentication Economy Data Breach 89

PYMNTS

DECEMBER 31, 2018

So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Even more disturbing, perhaps, is that 68 percent of those breaches took months for the breached companies to discover. The breach was believed to have seen 5 million cards compromised.

Data Breach 92

Data Breach Breach Database Compromise 92

PYMNTS

JULY 24, 2020

“We are not aware of any data breach at this time,” an Instacart spokesperson told BuzzFeed News. “We The feature included identity verification tools and an updated contactless delivery option. Instacart said that had never happened. We take data protection and privacy very seriously.

Data Breach 86

Data Breach Breach Phishing Duplicate 86

PYMNTS

NOVEMBER 13, 2020

Under the proposed new law, citizens would be able to change their ID number if a data breach would possibly expose them to identity theft. Police in Finland said as many as 40,000 patients of the clinic could have had their data exposed in breaches in 2018 and 2019. The breach was first made known last month.

Breach 69

Breach Laws Identity Theft Verification 69

PYMNTS

OCTOBER 14, 2016

Another day, another potential data breach for a major retailer. The latest victim is apparel and accessory retailer Vera Bradley , as the company said it is investigating a potential payment card breach that might have impacted cards used at Vera Bradley stores between July 25 and Sept. Or so it seems. 23 of this year. ”

Data Breach 64

Data Breach Breach Verification Security 64

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

PYMNTS

DECEMBER 3, 2018

If the sure-thing principle can be believed, then last week’s Marriott breach of 500 million customer records won’t have much of an impact on the consumer’s decision to book a hotel room at a Marriott property for their next trip. In December of 2013, Target was breached. What’s Real and What’s Relevant. Until they did.

Breach 77

Breach Consumer Credential Compromise 77

Fintech Finance

AUGUST 5, 2024

For the past 25 years, he has been involved in online identity verification including being a key member of the team that built the UK’s first eIDV product (BT URU). David then moved on to work with GBG to lead the development team on their ID3 Global online identity verification product, which was the global market leader for many years.

Technology 124

Technology Financial Crimes Verification Crime 124

PYMNTS

NOVEMBER 26, 2020

This process requires consumers to provide not only their usernames and passwords to access services, but also an additional form of verification such as a biometric identifier or a code that can be emailed to them or sent via text message. Leveraging phone-based verification. A silver lining exists, however.

Verification 69

Verification Security Authentication Online and Mobile Banking 69

Stax

APRIL 3, 2025

Payment processors that comply with this regulation protect businesses from data breaches and credit card fraud. For eCommerce payment systems, these measures include two-factor authentication, fraud filters, real-time transaction monitoring, card verification value, device fingerprinting, and address verification system.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

Fintech News

APRIL 10, 2024

Entrust, known for its trusted payment and data security solutions, has finalised its acquisition of identity verification company Onfido. This merger brings together Entrust’s security solutions with Onfido’s advanced identity verification technology, aiming to address the growing threats of identity fraud and data breaches.

Verification 107

Verification Data Breach Encryption Cybersecurity 107

PYMNTS

MARCH 6, 2018

After its point of sale (POS) systems were reportedly affected by malware designed to capture credit card information, RMH Franchise Holdings is warning that its Applebee’s restaurants in 15 states suffered a data breach. RMH became aware of the breach on Feb. 13 and “promptly took steps to ensure that it had been contained.”

Data Breach 56

Data Breach Breach Point-of-Sale (POS) Law Enforcement 56

PYMNTS

APRIL 3, 2019

Cognito CEO Alain Meier and his colleagues at the identify verification service have a peculiar way of freaking out payment and commerce operators. In a new PYMNTS interview, Karen Webster and Meier talked about the power of the phone number and the role it can play as companies and consumers put more focus on ID verification.

Verification 59

Verification Money Laundering Authentication API 59

Payments Source

NOVEMBER 6, 2018

The breach may have occurred through a technique called "credential stuffing," in which hackers who have stolen passwords for other websites try them out on an online banking site.

Breach 71

Breach Data Breach Credential Accounts 71

PYMNTS

SEPTEMBER 18, 2020

PYMNTS’ September Digital Identity Tracker® done in collaboration with Jumio delves into the latest in digital identity verification, especially as it pertains to the recovering sharing economy. Given that “Almost two-thirds of U.S. More than 111 million U.S.

Verification 62

Verification Economy Authentication Account Takeovers 62

PYMNTS

JUNE 4, 2019

However, if data is vital to the digital economy, so is identity (ID) verification. If anything has become clear within the last few years, it’s that electronic ID verification — using digital methods and data to confirm and authenticate identities — is increasingly taking on crucial importance. Evolving ID.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

Fintech News

MAY 27, 2024

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

APACS 114

APACS Data Breach FinTech Fraud Prevention 114

Stax

DECEMBER 12, 2024

This encryption turns data into an unreadable format to prevent fraud and security breaches. With PCI-compliant systems in place, verification not only minimizes financial losses but also saves valuable time that could be better spent growing the business. eCommerce tech stack. Mobile payment solutions.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

PYMNTS

FEBRUARY 13, 2020

Equifax reported results that showed growth in key mortgage and verification segments even as it continued to reserve for costs related to the 2017 data breach that exposed the records of roughly 145 million Americans. Equifax said it took a $99 million charge for legal proceedings and settlements tied to the 2017 data breach.

Verification 53

Verification Data Breach Breach Settlement 53

PYMNTS

AUGUST 6, 2019

The use of digital ID verification methods is becoming more prevalent in consumers’ everyday lives. Last month, a hacker exposed the personal data of more than 100 million Capital One customers and applicants in a single data breach. With that shift, governments such as the U.K.’s

Verification 59

Verification Authentication Governance Government 59

M2P Fintech

MARCH 24, 2025

Back in the day, loan management system s were synonymous with pile s of paperwork involving intricate manual calculations and lengthy verifications, leading to slow approvals. Identity Verification: Provides a secure digital identity, simplifying verification and enhancing regulatory compliance.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

Clearly Payments

JANUARY 15, 2025

Address Verification Service (AVS) Fees What It Is: AVS is an extra layer of fraud protection that checks the billing address entered by the customer. Maintain PCI Compliance Why It Matters: Non-compliance fees can be high, and a data breach can be devastating. Cost Range: Often $0.01$0.10 per transaction.

Process 105

Process Processors Gateways Push-to-Card 105

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

Basis Theory

NOVEMBER 12, 2024

Instead of using the original sensitive data, developers and their applications use previously-generated tokens to execute traditional operations that sensitive data would provide, like performing analyses, generating documents, or customer verification.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

PYMNTS

FEBRUARY 10, 2020

Biometric digital identity verification solutions are becoming more and more commonplace thanks to their implementation in everyday devices like smartphones and fitness wearables. Biometric verification is being installed in payment cards as well. billion smartphones equipped with fingerprint recognition in the same timeframe.

Data Breach 94

Data Breach Point-of-Sale (POS) Push-to-Card Breach 94

PYMNTS

SEPTEMBER 11, 2017

Add this one to the Time Warner and four million customer account breach, the healthcare system hacks and the innumerable merchants and millions of accounts tied to them (Target, anyone?), That’s no easy task, when so much of identity verification has relied on static data points and passwords. . and, of course, Yahoo.

Breach 54

Breach Social Security Data Breach Risk 54

PYMNTS

MARCH 29, 2019

Close to 1 billion email accounts were leaked by a marketing company in what some researchers are calling the “biggest and most comprehensive email database” breach ever. Cybersecurity expert Bob Diachenko discovered the breach and contacted the Verifications.io The info did not contain passwords or credit card details. support team.

Database 74

Database Accounts Breach Phishing 74

Fintech News

APRIL 7, 2024

This burgeoning technology, characterized by its ability to create indistinguishably fraudulent audio and visual content, not only complicates the process of identity verification but also emboldens cybercriminals, precipitating substantial financial losses. ” says Wells.

Deepfake 133

Deepfake Scams Fraud Detection Verification 133

PYMNTS

NOVEMBER 8, 2016

Given the staggering volume that comes through in the banking industry, it would follow that securing those accounts would be imperative, especially in the wake of the seemingly innumerable data breaches worldwide. Halfway through 2016 alone, she stated, there had been 974 known data breaches that have affected half a billion people.

Security 74

Security Verification AML Data Breach 74

Segpay

DECEMBER 13, 2024

Traditionally, organizations have employed a range of methods for identity verification, from passwords to multi-factor authentication (MFA) and, increasingly, biometric solutions. If a breach occurs, identity data, once compromised, is hard to restore. What are the important technologies for data privacy?

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

AUGUST 7, 2019

Even if one tried, it would be hard to ignore the near-constant reports of data breaches. Conventional methods like knowledge-based verification have come under fire recently. But what are the alternatives to knowledge-based verification and PIN-and password-based authentication systems? Biometrics. Artificial Intelligence .

Authentication 74

Authentication Verification Breach Blockchain 74

PYMNTS

OCTOBER 1, 2019

Another day, another data breach – at least it seems that way sometimes. Breaches and other issues don’t just reflect poorly on the ordering platform. Mobile device attributes for verification took the lead (44 percent), followed by artificial intelligence (42 percent) and machine learning (41 percent).

Data Breach 57

Data Breach Breach Account Takeovers Fraud Prevention 57

PYMNTS

DECEMBER 16, 2019

Rail stations in China were also breached in a similar way. There has been one case when the system was tricked, but Apple has attempted to patent a counterattack that would require some facial muscle movement for verification. .” The attempts to crack the system were successful.

Breach 52

Breach AI Privacy Verification 52

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. said Vyacheslav Zholudev, CTO and co-founder of Sumsub.

APACS 107

APACS Fraud Prevention Deepfake Account Takeovers 107