PYMNTS

DECEMBER 5, 2017

The public may learn of data breaches much more promptly if three senators get their way on a proposed Senate bill, the Data Security and Breach Notification Act, which was introduced on Thursday, Nov. To be fair, Yahoo did ‘fess up about the breach earlier, but only by a year. customers’ data at risk.

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Data Breach Breach Posting Consumer 53

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. The company said all its 167 locations were impacted, Bank Info Security reported. “In

Data Breach 56

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

PYMNTS

JUNE 29, 2018

Another day, another (possible) data breach: Adidas revealed that it has come under attack from cybercriminals looking to steal personal information. The breach could potentially affect millions of customers, who were notified on Thursday (June 28) about the incident on the Adidas U.S.

Data Breach 40

Data Breach Breach Compromise Encryption 40

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. PCI PIN and PCI DSS: Standards for securing payment card data.

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MFA Credential PCI DSS Compliance 130

PYMNTS

NOVEMBER 27, 2018

27) for the data breach in 2016 that impacted millions of users. Meanwhile, the Dutch Data Protection Authority (DPA) fined Uber $678,780. The fines stem from a data breach in 2016 in which the names, mobile phone numbers and email addresses of 57 million users around the globe were compromised. Of those, 2.7

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Data Breach Breach Regulations NOV 53

Segpay

NOVEMBER 20, 2024

As these technologies continue to evolve, they not only enhance security but also improve user experience. Multi-fingerprint recognition systems are being introduced to further enhance security by requiring multiple fingerprints to authenticate access. A biometric trait, unlike a password, cannot be easily changed if compromised.

Security 87

Security Technology Privacy Compromise 87

PYMNTS

OCTOBER 5, 2020

Customers’ data is transmitted to various parties when their cards are used at checkout and many hackers seek to compromise these communication flows to steal details. Data security compliance is a moving target as PCI continues to update its standards to stay ahead of fraudsters. Compliance Complexities.

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Data Breach Breach PCI DSS Compliance 82

PYMNTS

JULY 31, 2018

mobile phone and electronics retailer, disclosed on Tuesday (July 31) an update on a data breach in which it found unauthorized access in the past to some of its data. The company noted there is evidence that data was taken off its servers, but that those records didn’t contain payment card or bank account details.

Data Breach 40

Data Breach Breach CHIPS Cybersecurity 40

CB Insights

OCTOBER 2, 2018

Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are doubling down on data security. Owning this data puts FAMGA on the front lines in the fight against the theft and exploitation of our personally identifiable information (PII). Effective data security features are critical to securing this information.

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Data Security Encryption Security Data Breach 58

Fi911

MAY 7, 2024

In certain circumstances, such as excessive chargebacks, data breaches, fraudulent activities, or violation of regulations, a merchant’s account may be terminated. 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.

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PCI DSS Processors Compromise Identity Theft 93

PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Health care entities and government agencies, too, are at risk for their data security.

Data Security 54

Data Security Governance Government Data Breach 54

PYMNTS

APRIL 29, 2016

The PCI Security Standards Council said on Thursday (April 28) that it has published a new version of its data security standard (DSS), geared toward data protection before, during and after transactions take place. This version, 3.2, now replaces 3.1, A significant change in PCI DSS 3.2

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Data Breach PCI DSS Data Security Standard (DSS) Breach 40

PYMNTS

AUGUST 20, 2019

In the wake of the Capital One data breach that exposed data tied to 100 million individuals in the United States comes a warning that there really are not any places to hide. As quoted by Newsweek , the firm said via spokesperson, “AWS was not compromised in any way and functioned as designed.

Data Security 70

Data Security Breach Security Data Breach 70

Clearly Payments

MARCH 4, 2024

From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013. Compromise of over 40 million credit card accounts.

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Phishing Data Breach Law Enforcement Money Laundering 59

Stax

NOVEMBER 6, 2023

Today, data is as important as currency and should be safeguarded as such. In 2022, there were 1802 instances of data compromise in America which affected 422 million people. Moreover, companies need to follow data privacy and compliance requirements to stay in business.

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Encryption PCI DSS Data Security Origination 88

PYMNTS

JULY 17, 2019

Clinical Pathology Laboratories (CPL) is the latest victim of a data security breach at the billing collections service American Medical Collection Agency (AMCA). The AMCA’s eight-month breach was first disclosed in June when news broke that 11.9 million LabCorp customers were compromised. Days later, 7.7

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Breach Data Breach Social Security Compromise 40

PYMNTS

APRIL 25, 2019

This led to a security breach that compromised the data of approximately 2.1 They are also barred from selling, sharing or collecting any personal information until they implement a comprehensive data security program and obtain independent biennial assessments of this program. consumers.

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FTC Data Security Security Consumer 53

PYMNTS

AUGUST 21, 2018

When it comes to the bond between consumer and financial services, no doubt the relationship is a bit, well, frayed in the age of data breaches and the Dark Web. Beyond the static number, said Pointner, a trend is afoot, one where large institutions are hacked, time and again, and where the data leaks out.

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Data Breach Breach Laws Authentication 42

PYMNTS

DECEMBER 8, 2017

An expression popularized during Watergate has managed to gain new relevance in the era of data breaches and executives that may try to hide them from the customers (and regulators) they serve. The massive data breach was discovered by Equifax on July 29th, but the company didn’t reveal the hack until 41 days later.

Data Security 40

Data Security Data Breach Breach Security 40

Payments Source

NOVEMBER 30, 2018

An invisible payment becomes a lot more visible when it’s compromised, making Marriott’s data breach a threat to one of the most important innovations in retail, which should scare everyone from Uber to Amazon.

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Breach Data Breach Compromise Payments 71

PYMNTS

NOVEMBER 19, 2019

As its website has been hacked with code that steals shoppers’ payment information, Macy’s announced it has experienced a data breach. The website was compromised in early October, and a malicious script was added to the My Wallet and Checkout pages, Bleeping Computer reported.

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Compromise Data Breach Credit Cards Breach 58

PYMNTS

JANUARY 22, 2020

All four of Greece’s main banking institutions enacted security protocols after a data breach, and consequently cancelled 15,000 consumer cards, according to reports. A key source of the inquiry is whether or not the tourist website follows the Payment Card Industry Data Security Standards (PCI DSS).

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PCI DSS Data Breach Breach Compromise 52

PYMNTS

DECEMBER 12, 2018

However, with so much sensitive information being transferred with each transaction, the need to keep the data secure has never been greater. In the new Smarter Payments Tracker , PYMNTS explores the latest efforts by banks and businesses to keep payments data secure from fraudsters, cybercriminals and other bad actors.

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Data Breach Faster Payments Payments Breach 66

VISTA InfoSec

JANUARY 22, 2024

While the previous two requirements focused on network and access control, Requirement 3 tackles the crucial issue of securing sensitive cardholder information once it’s captured and stored. It boils down to minimizing the risk of data breaches and maximizing the security of cardholder information. PCI DSS v3.2.1

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PCI DSS Encryption Procedures Authorization 100

PYMNTS

FEBRUARY 10, 2020

1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. The complaint accuses Salesforce of allowing the site to be infected with malware, which is the prime suspect for the data breach. Security Boulevard research shows that as of Dec.

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CCPA Laws Privacy Data Breach 62

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. But all the money in the world to secure an organization’s back office won’t necessarily help safeguard all company data. million business email compromise scam.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

Payments Source

APRIL 11, 2018

Even though a denial-of-service attack on an e-commerce site is not classified as a breach because data is usually not compromised, the 2018 Verizon Data Breach Investigations Report claims it is a growing menace to merchants who rely solely on their websites.

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Data Breach Breach Compromise Data Security 64

CB Insights

OCTOBER 18, 2018

Keeping enterprise data secure is one of the biggest challenges corporations now face. Corporations increased the number of times they mentioned cybersecurity on earnings calls nearly three-fold since 2014, according to CB Insights data. CB Insights put together a research series on the future of data security.

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Cybersecurity Data Breach Encryption Data Security 57

PYMNTS

OCTOBER 25, 2017

Of all the sensitive personal data consumers and businesses would rather not see compromised, financial data is surely toward the top of the list. Nearly one-quarter of those 42 percent said the data breach occurred in the last year, up from 19 percent in 2016.

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Breach Data Breach Encryption Data Security 41

PYMNTS

FEBRUARY 28, 2020

Failing to prevent a data breach is a surefire way to lose that trust, however. Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. Data Breaches Within And Without. CUs’ Tools To Secure Member Privacy .

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Credit Union CCPA Data Breach NCUA 52

PYMNTS

FEBRUARY 10, 2020

1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. The complaint accuses Salesforce of allowing the site to be infected with malware, which is the prime suspect for the data breach. Security Boulevard research shows that as of Dec.

CCPA 52

CCPA Laws Privacy Data Breach 52

PYMNTS

DECEMBER 17, 2019

Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. This means consumers also blame FIs when data breaches occur, regardless of the entity actually at fault.

Technology 56

Technology Data Breach Breach TCH 56

Payments Source

DECEMBER 12, 2016

Too many data breach reports show that companies suffering compromises were unaware that cardholder data was present in their systems. The Payment Card Industry Security Standards Council wants to fix this.

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Data Breach Compromise Breach Security 63

PYMNTS

JANUARY 9, 2019

According to Frosh, the data breach lasted, which lasted for several months back in 2013, compromised the names and payment card data that Neiman Marcus collected at retail stores around the country. In a press release , the Maryland AG said Neiman Marcus agreed to pay $1.5 In addition to paying the $1.5

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Breach Data Breach Settlement Payments 63

VISTA InfoSec

JANUARY 18, 2024

As a reminder, the Payment Card Industry Data Security Standard (PCI DSS) is a comprehensive set of security requirements that all organizations handling cardholder data must adhere to. These requirements’ main objective is to safeguard sensitive cardholder information and mitigate data breaches.

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PCI DSS Procedures Encryption Security 289

PYMNTS

FEBRUARY 28, 2019

Cyberthreats exist throughout supply chains and business networks, and one supplier that experiences a data breach can result in the exposure of sensitive corporate data at businesses other than that supplier itself. which suffered a data breach last year as the result of a cybersecurity incident at a third-party vendor.

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Risk Data Breach Third Party Vendors Cybersecurity 65

PYMNTS

AUGUST 2, 2017

In today’’s fast-moving, tech-infused retail arena, one of retailers’ top vulnerabilities centers around their ability to data security. retail data breaches have dropped from 22 percent to 19 percent year over year, 88 percent of senior security executives in the retail industry feel vulnerable to cyberattatcks.

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Data Breach Breach Cybersecurity Data Security 40