VISTA InfoSec

OCTOBER 21, 2024

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. The TPM can securely store and generate cryptographic keys, passwords, certificates, and encryption keys. However, manufacturers DO.

Cybersecurity 189

Cybersecurity Encryption Fraud Detection CHIPS 189

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. According to early reports, the data breach impacted 0.5

Data Breach 92

Data Breach Breach Database Compromise 92

PYMNTS

OCTOBER 31, 2016

According to the report, the banking regulator said the data breach had to do with a former employee at the agency removing more than 10,000 records without receiving authorization to do so. The data on the thumb drives was encrypted, and there isn’t evidence that shows the data taken was misused or disclosed to anybody.

Office of the Comptroller of the Currency 74

Office of the Comptroller of the Currency Data Breach Breach OCC 74

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.

PCI DSS 289

PCI DSS Procedures Encryption Security 289

VISTA InfoSec

AUGUST 8, 2023

But a cybersecurity report shows that 43% of data breaches involve small businesses. Some effects of cybersecurity on your business include: Stealing stored data such as credit card details. Encrypting your most critical data in return for a huge payment before restoring access. 5/5 - (2 votes)

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

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

Stax

MARCH 18, 2025

Payment gateway – The service that encrypts and securely sends payment details from the customer to the payment processor and back to the merchant. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Stax

APRIL 3, 2025

The details are then encrypted and transmitted to a third-party payment gateway for authorization. Businesses using self-hosted gateways must handle data security measures and comply with industry standards like PCI DSS. Payment processors that comply with this regulation protect businesses from data breaches and credit card fraud.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

Data Breach 52

Data Breach Best Practices Breach Phishing 52

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. Retailers already turn to these one-stop solutions to connect with different payment gateways and tokenize their card data. Compliance Complexities.

Data Breach 82

Data Breach Breach PCI DSS Compliance 82

VISTA InfoSec

SEPTEMBER 5, 2024

The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security cant be emphasized enough. The rise of social engineering tactics further complicates the cyber security landscape.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security can’t be emphasized enough. The rise of social engineering tactics further complicates the cyber security landscape.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

NOVEMBER 30, 2018

In what may be among the largest data breaches in history, Marriott International said Friday morning (Nov. 30) that as many as 500 million guests’ data was accessed, tied to a breach of the Starwood hotel guest reservation database.

Data Breach 43

Data Breach Breach Database Encryption 43

The Payments Association

DECEMBER 9, 2024

However, as payment services rely more heavily on these AI technologies, they face a growing challenge: how to harness the power of LLMs without compromising data privacy. Payment data is inherently vulnerable because its compromise can have significant financial and personal consequences for consumers.

Privacy 88

Privacy AI Payment Security Security 88

PYMNTS

SEPTEMBER 28, 2016

Just last week, Yahoo fell victim to what could be the biggest data breach in the digital era. Over 500 million Yahoo accounts have been compromised by hackers, according to emerging reports. Mayer was reportedly not quick to announce that 500 million accounts had been compromised in the 2014 breach.

Data Breach 75

Data Breach Breach Compromise Cybersecurity 75

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

PYMNTS

SEPTEMBER 19, 2016

According to KPMG, over the past two years, 81 percent of health care organizations were the victims of cyberthreats or even had data compromised. More health care-related organizations are connecting to the internet for saving and sharing data but have poor cyberthreat monitoring, cybersecurity policies and data access controls.

Data Breach 79

Data Breach Breach Cybersecurity Ransomware 79

Segpay

OCTOBER 22, 2024

Additionally, companies that store sensitive data are prime targets for cyberattacks. High-profile data breaches have made the risks of storing user IDs clear, with victims suffering from identity theft and financial loss.

Verification 105

Verification Blockchain Privacy Encryption 105

Segpay

DECEMBER 13, 2024

However, the implementation of strong identity management systems must align with data protection regulations, so that the collection, storage, and processing of data for identification purposes does not compromise individuals’ privacy. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

JANUARY 27, 2020

Businesses have good reason to be concerned about data breaches. Cybercriminals’ accomplishments come at the expense of targeted businesses, with a recent study finding that individual data breaches cost firms around the globe an average of $3.92 Two-factor authentication (2FA) or encrypting sensitive data can also help.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

JULY 30, 2019

The documents said Thompson accessed the data through a “misconfiguration” of a firewall on a web application. . Capital One revealed the massive data breach in a news release on July 29, 2019.

Breach 87

Breach Law Enforcement Data Breach Social Security 87

VISTA InfoSec

JANUARY 22, 2024

It boils down to minimizing the risk of data breaches and maximizing the security of cardholder information. This is achieved through a multi-pronged approach: Data Encryption: Requirement 3 mandates the use of strong cryptographic controls such as encryption for stored cardholder data. PCI DSS v3.2.1

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

PYMNTS

AUGUST 15, 2019

Des Moines, Iowa-based supermarket chain Hy-Vee said credit card information for an undisclosed number of customers were exposed in a data breach, according to reports. “Hy-Vee Hy-Vee takes the security of payment card data very seriously,” the company said in a statement on its website. “We

Credit Cards 47

Credit Cards Compromise Data Breach Law Enforcement 47

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.

Encryption 88

Encryption PCI DSS Data Security Origination 88

Stax

MARCH 4, 2024

Taking precautions to implement security measures like firewalls and cybersecurity training helps to protect cardholder data and other sensitive information from cybercriminals. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

NOVEMBER 18, 2016

Adobe is reportedly only paying $1 million over a lawsuit that has to deal with its data breach back in 2013 that put the payment records of around 38 million at risk. According to Krebs on Security , the $1 million goes to settle a lawsuit by 15 attorney generals stemming from that data breach.

Data Breach 62

Data Breach Breach Compromise Encryption 62

PYMNTS

SEPTEMBER 26, 2016

arguing that the Securities and Exchange Commission should open an investigation after the data breach last week — quite possibly the largest breach in history. Marissa Mayer, Yahoo’s chief executive officer, was not quick to announce that 500 million accounts had been compromised in the 2014 breach.

Breach 67

Breach Compromise Data Breach Encryption 67

PYMNTS

JULY 19, 2020

France-based telecom company Orange reported that a ransomware attack had compromised the data of 20 enterprise customers on one of its servers, according to news site teiss. “Affected customers have already been informed by Orange teams, and Orange continues to monitor and investigate this breach.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

PYMNTS

NOVEMBER 15, 2016

Free data storage services, the report said, may be an irresponsible choice for SMEs, though the report also found that, regardless of the security of the cloud data storage service, employee mistakes are often to blame for data breaches at SMEs. NIST, operating under the U.S. Back To Basics. Safeguarding From All Sides.

Security 76

Security Cybersecurity Small Business Third Party Vendors 76

Exact Payments

JULY 1, 2024

By Jeremy Smillie, VP of DevSecOps at Exact Payments In an era where data breaches are not just threats but realities, protecting Personally Identifiable Information (PII) is more crucial than ever. At Exact Payments, we understand the magnitude of the responsibility of handling such sensitive data. We implement TLS 1.3,

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

PYMNTS

NOVEMBER 15, 2017

Fashion retailer Forever 21 revealed that it has suffered a data breach at some of its stores. According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating.

Data Breach 60

Data Breach Encryption Breach Compromise 60

CB Insights

OCTOBER 18, 2018

Data from the Verizon 2018 Data Breach Investigations Report shows that the attack-paths hackers take from initial compromise to final data breach are shrinking. Attack paths represent the number of steps that hackers have to take between breaking in and stealing an enterprise’s data.

Cybersecurity 57

Cybersecurity Data Breach Encryption Data Security 57

CB Insights

OCTOBER 2, 2018

For example, Facebook recently disclosed that an unprecedented data breach, discovered on September 25, exposed the social media accounts of up to 90 million users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account.

Data Security 58

Data Security Encryption Security Data Breach 58

The Fintech Times

SEPTEMBER 5, 2024

The excessive concentration of executive control and the rigidity of their processes can lead to single points of failure that, when compromised, can bring the entire payment process to a halt. This also simplifies PCI compliance, and ensures that merchants never store cardholder data, making it essential for secure, in-person payments.

Financial Crimes 82

Financial Crimes Mitigation Cybersecurity Crime 82

Basis Theory

OCTOBER 1, 2024

Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

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

Breach 63

Breach Data Breach Settlement Payments 63