PYMNTS

AUGUST 24, 2016

Typically, this begins with hackers gaining access to stolen credentials through the types of massive data breaches that have made headlines in recent years. Whether its payment data or personally identifiable information (PII), the compromised credentials are quickly turned around and sold to fraudsters.

Credential 41

Credential Bitcoin Law Enforcement Database 41

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. In an interview with Karen Webster, Zac Cohen, general manager of Trulioo , said kids’ Social Security numbers represent a relatively easy target.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

PYMNTS

MARCH 1, 2018

As Webster noted, the Dark Web is awash with offerings for sale – everything from Social Security numbers to birthdates to drivers’ licenses. It might go without saying that trust is a commodity Equifax and any other number of data-focused firms could sorely use.

Push-to-Card 40

Push-to-Card Breach Compromise Authentication 40

EBizCharge

OCTOBER 25, 2023

An incident is only considered a data breach if the confidentiality of data is compromised. Sensitive or confidential data can include customer data records, bank account numbers, Social Security numbers, healthcare information, intellectual property, etc. Another common cause of data breaches is social engineering.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

PYMNTS

FEBRUARY 28, 2020

Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. million members and 173,000 businesses, but later admitted that its entire member base was compromised. It also revealed that 60.8 Canada’s largest CU, the 4.2

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

PYMNTS

SEPTEMBER 22, 2017

The Equifax breach lingers like the remnants of a bad lunch, making us all feel queasy about which data has been compromised and who just might be developing new ways to trick us out of money or privacy — now and in the future. We currently verify credentials issued by over 200 countries, including the government IDs issued outside the U.S.

Online and Mobile Banking 56

Online and Mobile Banking Verification Data Breach Breach 56

PYMNTS

OCTOBER 11, 2017

Criminals often use these credentials to buy purely digital goods, such as concert tickets, so they can receive and resell the goods as quickly as possible, said Byrnes. The goal is always to steal and resell this data quickly. Credit cards go for around $0.25 on the dark web, he said — whereas a complete identity sells for a whopping $3.

Crime 44

Crime Account Takeovers eWallet Online and Mobile Banking 44

Clearly Payments

JANUARY 8, 2024

Secure Network Configurations Configuring secure networks is fundamental to PCI DSS compliance. Merchants must establish and maintain secure network configurations to prevent unauthorized access to payment card data, minimizing the risk of data compromise.

Risk Management 68

Risk Management Risk PCI DSS Process 68

PYMNTS

JULY 30, 2019

Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted. The breach impacts about 100 million individuals in the United States and around 6 million in Canada.

Breach 87

Breach Law Enforcement Data Breach Social Security 87

PYMNTS

JUNE 21, 2016

Computer manufacturer Acer announced that hackers may have stolen the payment credentials of thousands of its customers. The company notes that the credentials may have been breached by a third party between the dates of May 12, 2015 and April 28, 2016. Canada and Puerto Rico, according to a letter from the company.

Compromise 42

Compromise Identity Theft Federal Trade Commission Credential 42

PYMNTS

AUGUST 16, 2019

Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted. The breach impacts about 100 million individuals in the United States and around 6 million in Canada.

Caps 67

Caps Security Cybersecurity Breach 67

PYMNTS

JULY 29, 2019

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. Capital One stressed that credit card account numbers and log-in credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted.

Credit Cards 46

Credit Cards Caps FBI Social Security 46

PYMNTS

NOVEMBER 7, 2019

Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted. The breach impacted about 100 million individuals in the United States and around 6 million in Canada.

Data Breach 40

Data Breach Breach Security FBI 40

CB Insights

AUGUST 25, 2017

By nature, academic credentials must be universally recognized and verifiable. In both the primary/secondary schooling and university environments, verifying academic credentials remains largely a manual process (heavy on paper documentation and case-by-case checking). Social Security Office, to verify that a person did in fact pass.

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78