Finextra

JANUARY 9, 2024

The Securities and Exchange Commission has seen its Twitter account compromised and used to falsely post that the regulator has approved spot bitcoin ETF applications.

Compromise 61

Compromise Bitcoin Accounts Regulations 61

NACHA

JULY 30, 2024

Payments Innovation Alliance Releases Business Email Compromise Response Action Plan bjaffe@nacha.org Tue, 07/30/2024 - 16:17 Image Media Business Email Compromise

Email Compromise 52

Email Compromise Compromise Innovation Payments 52

VISTA InfoSec

JUNE 18, 2024

Even if passwords are compromised, those extra identity checkpoints block illicit access attempts. A single compromised login could damage your entire network. This advanced data security measure demands additional verification beyond just a device passcode, such as a fingerprint scan or random code from a mobile app.

Data Security 254

Data Security Security Encryption Cybersecurity 254

Payments Dive

MARCH 5, 2024

The point-of-sale attack on a merchant processor may have compromised card numbers, expiration dates and cardholder names, Amex said in a state regulatory filing.

Processors 126

Processors Compromise 126

Payments Dive

DECEMBER 12, 2019

Customer identity and payment information is increasingly at risk as fraud actors find new ways to compromise mobile platforms. As a rising number of consumers use digital payments to conduct ecommerce transactions, businesses need to make sure their mobile apps are secure.

Payment Security 139

Payment Security Security Compromise Payments 139

Finextra

MARCH 4, 2024

American Express is writing to customers warning them that their account information may have been compromised in a data breach at a third party service provider.

Data Breach 119

Data Breach Breach Third-Party Service Provider Compromise 119

Bank Automation

DECEMBER 21, 2023

Fraudsters continue to do damage in the finance industry, evidenced by recent attacks against Fidelity National Financial and Mr. Cooper, and financial institutions must strengthen their systems to avoid hacks and respond to breaches. In 2023, the average cost of a data breach in the financial industry was $5.9

Compromise 75

Compromise Data Breach Breach Finance 75

NACHA

MARCH 17, 2024

HERNDON, Virginia, March 18, 2024 – Nacha members have approved a set of rules intended to reduce the incidence of frauds, such as business email compromise (BEC), that make use of credit-push payments. The new rules establish a base-level of ACH payment monitoring on all parties in the ACH Network (except consumers).

Credit Push 122

Credit Push NACHA Nacha Rules Rules 122

Fintech Finance

MAY 22, 2024

As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem. In a bid to sell this data to other criminals, they place part of the 16-digit numbers on illegal websites.

Fraud Detection 89

Fraud Detection Visa AI Technology 89

Fintech News

NOVEMBER 24, 2024

The company confirmed the incident to TechCrunch following a hacker’s claim of compromising Finastra ‘s internal file-transfer platform and subsequent attempts to sell the stolen data. Currently, Finastra is unable to disclose the number of affected customers or the precise nature of the compromised data.

Breach 94

Breach Compromise Data Breach Credential 94

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Compromise 98

Compromise Scams Debit Card Smishing 98

Fintech News

OCTOBER 28, 2024

These examples highlight Mandala’s ability to support transparency and regulatory oversight without compromising transaction speed. The project’s system architecture integrates both new digital asset frameworks and traditional financial networks, such as SWIFT, allowing it to function within various financial infrastructures.

Cross-Border 106

Cross-Border Compliance Cross-Border Payments Automation 106

Fintech News

SEPTEMBER 1, 2024

The bank assured that customer funds were not affected during the service disruption, and no customer data was compromised. Customers encountered challenges accessing their accounts and conducting online transactions. ATM and card services was said to have remained fully functional throughout the incident.

Online and Mobile Banking 110

Online and Mobile Banking ATM Compromise Mobile Banking 110

Fintech News

DECEMBER 10, 2024

This will enable collaborative intelligence without compromising the privacy or security of sensitive financial data. The partnership will leverage advanced AI and federated learning techniques combined with privacy-enhancing technologies (PETs) and Trusted Execution Environments (TEEs).

SWIFT 89

SWIFT AI Innovation Fraud Detection 89

VISTA InfoSec

OCTOBER 21, 2024

In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. These tactics can have destructive effects on an organization, leading not only to financial losses but also to a compromise of client trust and brand reputation.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

DECEMBER 28, 2020

In this week's B2B Data Digest, PYMNTS breaks down the numbers behind the latest cases of fraud, including the growing risks of small business loan fraud, a case of expense fraud, and the ever-persistent Business Email Compromise risk intensified by Brexit uncertainty.

B2B 116

B2B Email Compromise NACHA Small Business 116

Agile Payments

JULY 23, 2023

It can be compromised and you lose your sign-in data to cybercriminals. Your device might also be compromised and become a loophole for hackers. You can save them in one click or even create random passwords. Despite the ease of using them, browsers such as Chrome are prone to cybercriminal attacks.

Compromise 88

Compromise Accounts 88

VISTA InfoSec

OCTOBER 21, 2024

The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data. This can make it more difficult for hackers to trace transactions back to you. Fortunately, most wallet developers take malicious actors seriously.

Cryptocurrency 141

Cryptocurrency Multifactor Authentication MFA Compromise 141

PYMNTS

OCTOBER 9, 2020

The wire service said a Robinhood statement indicated that the company’s internal systems were not compromised and that they are “actively working with those impacted to secure their accounts.”. 9) that hackers may have gained information about customers' personal email accounts, Reuters reported.

Wire 134

Wire Wires Compromise Security 134

Finextra

MAY 22, 2024

Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards.

Visa 78

Visa Compromise AI 78

PCI Security Standards

JUNE 28, 2024

PFIs help determine the occurrence of a cardholder data compromise, and when and how it may have occurred, using proven investigative methodologies and tools. PCI Forensic Investigators are qualified by the Council and must work for a Qualified Security Assessor company that provides a dedicated forensic investigation practice.

Compromise 88

Compromise Agreements Security 88

Finextra

JUNE 10, 2024

Revolut has added an extra layer of in-app identity verification designed to protect customers who have had their unlocked phone stolen, or password and face recognition compromised.

Verification 72

Verification Compromise 72

Fintech News

OCTOBER 21, 2024

Both platforms utilise federated learning, allowing for shared insights without compromising data privacy. The company also operates the AFC Ecosystem, a collaborative platform where industry experts work together to improve crime detection models.

Financial Crimes 111

Financial Crimes Security Crime Cross-Border Payments 111

PYMNTS

SEPTEMBER 27, 2020

They not only need to fight crime, but collaborate with the customer to ensure security without compromising the user experience. Lukayn Hunsicker, vice president of Product Management, Financial Solutions at Feedzai , told PYMNTS financial institutions and other service providers need to step up their fraud-fighting strategies.

Security 129

Security Cybersecurity Breach Crime 129

Fi911

MAY 7, 2024

Consequences of Being Added to the TMF The effects of being listed on the TMF are extensive and can severely compromise a business’s operations. By taking these steps, businesses can protect themselves and ensure their ability to accept credit card payments is not compromised. The post What is the Terminated Merchant File?

PCI DSS 91

PCI DSS Processors Compromise Identity Theft 91

The Fintech Times

MAY 9, 2024

By leveraging generative AI Visa’s VAAI Score identifies the likelihood of complex enumeration attacks in real-time to help reduce fraud without compromising the integrity of Visa’s performance and accuracy. ” At Visa, security and reliability are top priorities year-round.

AI 111

AI CVV2 Issuers Compromise 111

VISTA InfoSec

JUNE 3, 2024

Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals. According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords.

MFA 130

MFA Credential PCI DSS Compliance 130

VISTA InfoSec

OCTOBER 21, 2024

Through malicious software, usually gained by downloading something or opening a compromised link, you’ll be faced with data loss and/or further unauthorized access to your details. From there, they’ll require you to input confidential details. Malware is another popular method to achieve this.

Cybersecurity 199

Cybersecurity Encryption Scams Cryptocurrency 199

The Fintech Times

SEPTEMBER 25, 2024

The report, Core Banking without Compromise , surveyed over 200 senior IT decision-makers, shedding light on the challenges posed by legacy technology and the growing demand for modern systems. “This research shows that banks are still searching for a core banking solution which can deliver transformation without compromise. .

AI 69

AI Compromise Research Risk 69

PYMNTS

NOVEMBER 25, 2020

The SEC warned in October that cyberattacks on corporations had been increasing, and businesses were advised to include multi-factor authentication to prevent credential compromises.

Cybersecurity 121

Cybersecurity Credential Compromise Authentication 121

PYMNTS

AUGUST 3, 2020

According to the Irish Examiner , Irish businesses are now urged to use caution when making payments to suppliers after several instances of the vendor email compromise scam emerged. In Ireland, police have connected more than $4.13

B2B 131

B2B FPC Scams Email Compromise 131

PYMNTS

OCTOBER 30, 2020

Cyber Secure is a significant advancement in continually quantifying and ranking cyber vulnerabilities, according to the announcement, which noted that the tool suite moves the industry to a proactive state in controlling and preventing data compromise by giving banks the power to continually be aware of their cyber posture.

AI 118

AI Security Visa Breach 118

Fintech News

SEPTEMBER 16, 2024

The two companies have already collaborated on an AI-supported service that has improved the detection rate of compromised payment cards, and this partnership will help foster the development of advanced cybersecurity practices.

Visa 102

Visa Acquirers Cybersecurity Fraud Prevention 102

VISTA InfoSec

JUNE 27, 2024

Upon investigation, it was revealed that personal information such as student names, addresses, dates of birth, and potentially other sensitive details had been compromised. The incident came to light on June 6, when LAUSD officials became aware of an account from Sp1d3r purporting to offer certain student and employee data for sale.

FBI 130

FBI Breach MFA Cybersecurity 130

PYMNTS

NOVEMBER 30, 2020

The SEC put out various alerts over the entirety of the pandemic on the danger of the attacks, warning various sizes of businesses about ransomware attacks affecting broker dealers and investment advisors as well as credential compromises taking peoples' login information and exposing private information.

Business Email Compromise 116

Business Email Compromise Addressing Scams Ransomware 116

Fintech Finance

SEPTEMBER 2, 2024

By offering advanced white-label payment software, Akurateco empowers businesses to bypass complex and costly development processes, allowing them to focus on their core competencies without compromising on the quality and reliability of their payment systems.

Payment Solutions 90

Payment Solutions Digital Payments Cryptocurrency Payments 90

VISTA InfoSec

JULY 19, 2024

Performance and reliability When well-designed, PCBs help network security appliances continue working well without compromising their speed and reliability. They’re responsible for detecting if someone physically tries to tamper with your device but are also trained to respond by wiping data or disabling the device.

Cybersecurity 264

Cybersecurity Encryption Fraud Detection CHIPS 264