Fi911

JULY 8, 2024

Fraudsters exploit vulnerabilities in online payment systems and often use stolen credit card information or create fake accounts to make unauthorized purchases. This type of fraud can be particularly difficult to detect, as the synthetic identity appears legitimate and can even build a credible credit history over time.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

PYMNTS

SEPTEMBER 19, 2018

According to a news outlet citing RiskIQ Threat Researcher Yonathan Klijnsma, the research found that hackers installed 15 lines of card skimming code on Newegg’s payments page, which stayed on the site from Aug. The hackers sent credit card data to a service controlled by them, noted the report. 14 through Sept.

Data Breach 64

Data Breach Breach Credit Cards Social Security 64

PYMNTS

SEPTEMBER 18, 2017

customers may have been compromised. The stolen data included Social Security numbers, birth dates and other personal information. Jones said wealthy consumers could be at risk for hackers opening up credit cards with high limits or loans with high balances. told the Wall Street Journal.

Breach 66

Breach Risk Federal Trade Commission Data Breach 66

PYMNTS

FEBRUARY 19, 2019

Banks, financial institutions (FIs) and other members of the financial world are, thus, dealing with a rising flood of identity theft and application fraud, as bad actors look to capitalize on the email addresses, Social Security numbers, credit details and other information they have on hand. Around the Digital Fraud World.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

PYMNTS

JULY 15, 2020

With data showing that 45 percent of all 2019 data breaches — and there were a lot of them — involved medical records theft, costing healthcare providers $429 per compromised patient record or nearly $18 billion, organizations can’t be confused about their value to cyberthieves.

Data Breach 58

Data Breach CCPA Social Security Breach 58

PYMNTS

MARCH 31, 2017

But what about businesses that want to explore the dark web, specifically to see if their data or information has been compromised, without the risk that comes with poking around in such an unfamiliar place? The results showed that within the last week, more than 49,000 pages contained the credit card dump Connolly was looking for.

Database 47

Database Cybersecurity Credit Cards Social Security 47

PYMNTS

SEPTEMBER 11, 2017

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. consumers and potentially compromised the credit card numbers of approximately 209,000 people. Jeffrey Meuler, an analyst at Robert W. Baird & Co.,

Database 66

Database Breach Identity Theft Data Breach 66

PYMNTS

DECEMBER 31, 2019

Capital One loomed large this year, as a significant data breach reported in July saw fraudsters access more than 100 million records — and reports said the data was tied to Americans and Canadians who had applied for credit cards over the span of more than a decade and a half — dating back to 2005. Separately, around 11.9

Data Breach 58

Data Breach Breach Social Security Compromise 58

PYMNTS

FEBRUARY 10, 2020

15 that hackers stole customer names, credit card numbers and other personal information. According to TechCrunch , i360, an advertising and data company, no longer asks for full Social Security numbers, opting instead for the last four digits. The lawsuit was brought after Hanna Andersson announced on Jan.

CCPA 62

CCPA Laws Privacy Data Breach 62

PYMNTS

JUNE 29, 2018

Security researcher Vinny Troia discovered the breach earlier this month. “The data compromised by Exactis’ breach is even more severe than financial information, such as credit card or bank account numbers. Keller is also co-lead counsel in the recent Equifax data breach class action.

Data Breach 50

Data Breach Breach Database Credit Cards 50

PYMNTS

DECEMBER 23, 2019

Starting with one or two pieces of real information (a Social Security number is always one of them, sometimes paired with a real name), fraudsters take their time to slowly nurture a fake credit profile until it has a good enough record to make a big strike. It is often a big strike.

Social Security 52

Social Security Identity Theft Wire Transfer Security 52

PYMNTS

DECEMBER 4, 2017

million users may have been compromised at its TIO Networks unit, a company it acquired earlier in 2017. PayPal said it was looking into the vulnerabilities at TIO and discovered that users’ information may have been compromised. million consumers, including the credit card numbers of 209,000 people.

Breach 42

Breach Data Breach PayPal Compromise 42

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. 2013 had compromised even more user data.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

JUNE 29, 2018

The retailer does not believe any credit card or health and fitness information was affected. “We We are alerting certain consumers who purchased on adidas.com/US about a potential data security incident. Social Security numbers, drivers’ license numbers and payment card data were not compromised.

Data Breach 40

Data Breach Breach Compromise Encryption 40

Stax

NOVEMBER 6, 2023

In 2022, there were 1802 instances of data compromise in America which affected 422 million people. Payment tokenization is a subset of data tokenization where tokens replace confidential payment data such as customer credit card information. PANs, customer information, credit card numbers, etc.

Encryption 88

Encryption PCI DSS Data Security Origination 88

FICO

MARCH 8, 2021

Filing early will reduce the chances that a financial criminal will use stolen personal information (your name and Social Security Number [SSN] or Tax Identification Number [TIN]) to file a fraudulent tax return first, snatching, literally, a refund out of your hands. Don’t share your Social Security Number.

Tax Refunds 52

Tax Refunds Identity Theft IRS Returns 52

PYMNTS

JULY 11, 2018

This time, Macy’s has revealed that hackers obtained names and passwords of online customers — and might have accessed credit card numbers and expiration dates. We have investigated the matter thoroughly, addressed the cause and, as a precaution, have implemented additional security measures,” Macy’s said in an emailed statement.

Data Breach 40

Data Breach Breach Compromise Social Security 40

PYMNTS

JUNE 27, 2016

filed criminal charges against a man accused of hacking into the bank and credit card accounts of celebrities from February 2012 to January 2015. The victim data that was compromised includes Social Security numbers, names and birthdates, but none of the victims were actually identified in the court documents, Reuters said.

Payments Data 40

Payments Data Identity Theft Wire Transfer Compromise 40

PYMNTS

FEBRUARY 10, 2020

15 that hackers stole customer names, credit card numbers and other personal information. According to TechCrunch , i360, an advertising and data company, no longer asks for full Social Security numbers, opting instead for the last four digits. The lawsuit was brought after Hanna Andersson announced on Jan.

CCPA 52

CCPA Laws Privacy Data Breach 52

PYMNTS

AUGUST 8, 2019

This biometric data is so sensitive that if it is compromised, there is simply no recourse,” said Shawn Williams, a lawyer for plaintiffs in the class action lawsuit. It’s not like a Social Security card or credit card number where you can change the number. You can’t change your face.”.

Federal Trade Commission 43

Federal Trade Commission Privacy Social Security Compromise 43

PYMNTS

JUNE 11, 2019

In fact, a recent study found that cell phone numbers were the fifth-most-important part of respondents’ identities, following Social Security numbers, driver’s licenses, dates of birth and home addresses. Mobile wallets have become popular vehicles for storing and accessing credit card information, plane tickets and other documents.

Verification 58

Verification Authentication Blockchain Addressing 58

PYMNTS

FEBRUARY 6, 2017

Research has found that new-account fraud more than doubled from 2014 to 2015, with nearly 7 million individuals having their Social Security numbers (SSN) compromised in 2015, an increase of more than 63 percent from the previous year. What, in your view, though, was the most surprising trend?

Federal Trade Commission 59

Federal Trade Commission Scams Credit Cards Fraud Prevention 59

PYMNTS

FEBRUARY 6, 2018

He noted that in all the news reports detailing the ravages of identity theft, one thing is notably missing: A list of free services – from the government and elsewhere – that can help individuals monitor whether they have been compromised and how to protect themselves.

Identity Theft 48

Identity Theft Social Security Addressing Consumer 48

CB Insights

JULY 31, 2019

Capital One notified customers that its data was compromised by a hacker as a result of a firewall misconfiguration. Potential exposed information includes Social Security numbers, bank account numbers, and transaction data for credit card customers. Want the full post? Become a CB Insights customer.

Privacy 28

Privacy Acquirers Social Security Compromise 28

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

PYMNTS

JUNE 21, 2019

million were compromised and exposed in a data breach of an agency that collects money for Quest Diagnostics and UnitedHealth Group. Quest revealed the information in a securities filing. Earlier this month , p atient records numbering around 11.9

Data Breach 40

Data Breach Breach Payer Payments 40

PYMNTS

MARCH 1, 2018

Reactive as in: being surprised by bad news down the line and scrambling for safety when someone, for example, opens credit cards in an unsuspecting victim’s name. Entersekt , which is focused on push-based authentication and mobile app security, last week announced a technology partnership with Equifax.

Push-to-Card 40

Push-to-Card Breach Compromise Authentication 40

PYMNTS

MAY 31, 2018

If that data has already been exposed, then taking it back from organizations doesn’t do much good – there needs to be a way to tell, in the moment of the transaction, that a customer is legitimate rather than a criminal who has gained access to their static credentials, such as birthdate, address and Social Security number.

ATM 43

ATM Consumer Data Breach Credential 43

PYMNTS

JULY 15, 2019

That fraud spans, among other methods, misuse of government credit cards and procurement payments, reported itnews.com. In terms of individual fraud incidents, in Georgia, in June, the cyber-thieves were able to steal more than $800,000 from the city of Griffin via the ruse that is known as business email compromise (BEC).

Business Email Compromise 43

Business Email Compromise Email Compromise Payroll IRS 43

PYMNTS

OCTOBER 18, 2019

At its most basic level, the key ingredients that are pilfered and then used to construct synthetic identities – where individuals’ personal information is stitched together to fabricate new identities — are tied to data that is given to us at birth: Social Security numbers. Well, it can take years to discover.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

PYMNTS

AUGUST 24, 2017

Many wrongly emphasize transactional monitoring over enrollment monitoring, because the transaction is the point of compromise. If transactions are compromised, the problem isn’t bad transaction validation, Barnhardt said, but the fact the culprit wasn’t properly validated at the outset when the stakes were lower.

Same Day ACH 46

Same Day ACH ACH Enrollments Verification 46

PYMNTS

NOVEMBER 12, 2019

consumers had their PII compromised in 2018 alone, and half of all consumers can find their birthdates, passwords, credit card details or even their Social Security numbers floating on the dark web. consumer records containing PII increased by 126 percent between 2017 and 2018.

AI 40

AI Compromise Breach On-Demand 40

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. Those affected by such incidents are likely to switch to another credit union or even abandon the industry entirely. It also revealed that 60.8

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

Clearly Payments

JANUARY 8, 2024

This can include stolen credit card information, identity theft, or fraudulent transactions. Secure Network Configurations Configuring secure networks is fundamental to PCI DSS compliance. The post Risk Management for Merchants in Payment Processing appeared first on Credit Card Processing and Merchant Account.

Risk Management 68

Risk Management Risk PCI DSS Process 68

PYMNTS

NOVEMBER 11, 2019

The collection and analysis of contextual data is particularly important as more consumers’ personally identifiable information (PII) is compromised via targeted scams and large-scale breaches. Some estimates claim that as much as 34 percent of U.S.

AI 46

AI Compromise Breach Assessments 46

PYMNTS

OCTOBER 11, 2017

Byrnes said there are three primary types of fraud: stolen credit cards, account takeover and friendly fraud. The stolen credit or debit card is classic fraud. Credit cards go for around $0.25 Unauthorized transactions are a bedrock of criminal activity on the web, Byrnes explained.

Crime 44

Crime Account Takeovers eWallet Online and Mobile Banking 44

Nanonets

SEPTEMBER 28, 2023

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52