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.

PCI DSS 82

PCI DSS Processors Compromise Identity Theft 82

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. Overall, thanks to the rise in data breaches, merchants and FIs alike are dealing with a steep increase in fraud. Fraud is rampant and thriving.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

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

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.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

VISTA InfoSec

SEPTEMBER 15, 2023

Data Fiduciary as per the DPDP Act 2023: Data fiduciaries bear the responsibility for adhering to the Act, even when a data processor carries out processing activities on their behalf. Report any Personal Data Breaches to both the Data Protection Board and Data Principals. Clause 8(1), DPDP Act.

Data Breach 130

Data Breach Breach Governance Government 130

PYMNTS

MARCH 26, 2019

The United States Supreme Court has rejected an appeal by online shoe company Zappos over a data breach in 2012 that compromised the information of 24 million customers, according to a report from Reuters. Zappos ’ argument is that because customers weren’t harmed by the data breach, a federal lawsuit should not be warranted.

Identity Theft 49

Identity Theft Data Breach Breach Encryption 49

PYMNTS

MARCH 29, 2017

Online retailers just got a new tool in the fight against identity theft and fraud. XOR Data Exchange , Austin-based data and analytics startup, just recently introduced a new resource for online retailers to fight the account takeovers as the number data breaches that include account login credentials grows.

Fraud Prevention 40

Fraud Prevention Identity Theft Account Takeovers Data Breach 40

PYMNTS

SEPTEMBER 22, 2017

The hits just keep coming for Equifax: Summit Credit Union has filed a lawsuit against the credit reporting agency in response to the massive data breach that compromised the personal data of around 143 million people.

Credit Union 54

Credit Union Data Breach Breach Identity Theft 54

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. consumers, putting them at risk of identity theft.

Database 66

Database Breach Identity Theft Data Breach 66

PYMNTS

MARCH 29, 2017

Data and analytics startup XOR Data Exchange announced it will provide a free resource to online retailers to help businesses identify and mitigate the risk of identity theft. The company’s Compromised Identity Exchange was initially launched at the request of a large bank that had customer records compromised.

Identity Theft 40

Identity Theft Compromise Data Breach Breach 40

PYMNTS

JUNE 14, 2018

Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9 million, in 2016 alone. That figure rose to 10,000 last year.

Identity Theft 43

Identity Theft Wire Transfer Crime Email Compromise 43

PYMNTS

JANUARY 11, 2021

Robinhood has insisted its internal systems weren't compromised and that unauthorized access was due to identity theft. This lets investors of limited means buy stakes in high-priced equities. In October, Robinhood reported hackers had obtained some customers' account information.

Accounts 96

Accounts Identity Theft Breach Laws 96

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

Deepfake 119

Deepfake APACS Scams Authentication 119

PYMNTS

MARCH 12, 2018

district court in San Jose, California, ruled late last week that most of a lawsuit concerning Yahoo’s data breach, which exposed 3 billion users’ personal data, can proceed. to get the claims tossed out, including allegations of negligence and breach of contract. According to news from Reuters , U.S.

Breach 40

Breach Identity Theft Data Breach Cybersecurity 40

PYMNTS

JANUARY 30, 2017

This week’s data digest is all about, well, data. 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. 1,093 data breaches hit entities in the U.S.

Data Security 54

Data Security Governance Government Data Breach 54

FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? Third-party risk management is a hot issue in the world of cybersecurity, since vulnerabilities in a firm’s supply chain, partner or vendor networks can expose sensitive data.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

FICO

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? Third-party risk management is a hot issue in the world of cybersecurity, since vulnerabilities in a firm's supply chain, partner or vendor networks can expose sensitive data.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

PYMNTS

MARCH 1, 2019

Equifax’s expansion of small business credit scoring data services followed a class action lawsuit filed in 2017 by small business owners related to its massive data breach that year. ” .

Small Business 47

Small Business Identity Theft Breach Data Breach 47

PYMNTS

MARCH 16, 2017

The Department of Justice bringing charges against two spies in Russia and two hackers who allegedly took part in the massive data breach that rocked Yahoo recently has now shed light on exactly how these breaches took place. This past fall, Yahoo disclosed a massive breach of user accounts that impacted 500 million people.

FBI 46

FBI Breach Identity Theft Data Breach 46

FICO

FEBRUARY 7, 2018

Not only are they stealing data from profile information that is open on the web, they are also breaching poorly defended mobile apps that collect personal information. This is achieved by using analytics to link transactions that were later determined to be fraudulent.

APACS 58

APACS Identity Theft Online and Mobile Banking Credit Cards 58

PYMNTS

JULY 10, 2019

Besides identity theft, malware and viruses, there are phishing scams, data breaches and other unknown issues that can compromise computers and daily life. Privacy is the new currency in a time when browsing the internet can be a lot like walking through a crime-ridden neighborhood.

Privacy 40

Privacy Identity Theft Regulatory Compliance Data Breach 40

PYMNTS

JULY 27, 2016

Robert Siciliano, security expert and CEO of IDTheftSecurity.com, said that the huge jump in the instances of credit card fraud complaints last year are due to the increase number of data breaches that have taken place within the last five years. But since then, reported breaches have more than doubled.

Credit Cards 43

Credit Cards Federal Trade Commission Data Breach Identity Theft 43

FICO

MAY 15, 2018

As a drumbeat of data breaches becomes the new reality — 42% of organizations breached in 2017 were breached in the past — it’s easy for consumers to throw up their hands and brace themselves for becoming a victim of identity theft or other financial crime. Four Steps to Protect Yourself from Charity Fraud.

IRS 63

IRS Data Breach Identity Theft Breach 63

PYMNTS

OCTOBER 26, 2016

From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks. Going Beyond PCI. to provide additional layers of security.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

FICO

APRIL 16, 2019

Stopping Fraud - Identity Theft. Identity theft also remained a key priority for four-in-ten banks. Exposure is increasing in this area, given the rise in digital customer acquisition and the proliferation of compromised data from cyberattacks in APAC,” said McConaghy. “A of compromised records worldwide.

APACS 40

APACS Identity Theft Compromise Blocks 40

PYMNTS

OCTOBER 8, 2018

The drill is well-known now, with a litany of familiar names amid data breaches. Card data stolen from millions of department store customers? And, of course, Facebook is now a household name in a less than savory field: data harvesting. The problem is that the data has been compromised,” said Trilli.

Identity Theft 71

Identity Theft Verification Database Authentication 71

PYMNTS

OCTOBER 4, 2017

Initially, Yahoo announced that 1 billion accounts had been compromised. The stolen information didn’t include passwords in clear text, payment data or bank accounts. Verizon was able to purchase Verizon for $350 million less than expected due to the 2013 data breach and a subsequent 2014 hack. Yahoo is notifying users.

Identity Theft 40

Identity Theft Breach Data Breach Wire 40

PYMNTS

NOVEMBER 6, 2018

Reuters , citing a regulatory filing, reported that HSBC said it’s not clear how many accounts were compromised or if any money was stolen from them. We have notified customers whose accounts may have experienced unauthorized access and offered them one year of credit monitoring and identity theft protection service.”.

Accounts 68

Accounts Identity Theft NOV Compromise 68

FICO

DECEMBER 19, 2016

With hackers hitting organizations from the Internal Revenue Service to the University of California, Berkeley in 2016, consumers are more anxious than ever about the downstream financial crime that follows data breaches. In the aftermath of the compromise of 5.6 In the aftermath of the compromise of 5.6

Office of the Comptroller of the Currency 82

Office of the Comptroller of the Currency Cybersecurity Identity Theft Compromise 82

VISTA InfoSec

AUGUST 22, 2023

The following are principal risks linked to biometric data: Inherent and Sensitive Nature: Biometric data is personal and unique to each individual. Altering or replacing compromised biometric traits is complex. Addressing these risks necessitates robust security measures, encryption, access controls, and breach response plans.

Privacy 130

Privacy Compliance Legal Best Practices 130

PYMNTS

JANUARY 9, 2019

Stopping fraudsters can feel a bit like playing Whac-A-Mole for luxury retailers who want to protect customers and data, and no one wants to be the next retailer to experience a data breach or high-volume fraud attack. This is especially true as data breaches grow more common as eCommerce sales grow.

Fraud Detection 43

Fraud Detection Data Breach Account Takeovers Breach 43

PYMNTS

JUNE 1, 2016

With clients ranging from big banks and credit issuers to lenders and companies across the communications industry, XOR Data Exchange says it has helped address specific problems such as small business credit risk, small business fraud, digital money transfer fraud, and, most recently, compromised identity theft.

Compromise 40

Compromise Privacy Risk Assessment Breach 40

PYMNTS

APRIL 7, 2017

Companies like Finicity are striking data-sharing deals in a market climate wrought with data breaches and fraud, too: Earlier this year, the Identity Theft Resource Center and CyberScout found that data breaches in the U.S.

Consumer Financial Protection Bureau (CFPB) 76

Consumer Financial Protection Bureau (CFPB) Technology CFPB API 76

Stax

JULY 9, 2024

Data breaches that compromise consumer payment or sensitive business data, identity theft, and other forms of fraudulent transactions are all current threats of doing business—however, that is simply part of doing business in today’s digital age. What is the future of EFTs?

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

SEPTEMBER 17, 2019

Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. Banks in other regions are also dealing with data breaches of their own, such as U.K. digital bank Monzo. market debut.

Online and Mobile Banking 78

Online and Mobile Banking Account Takeovers Breach Data Breach 78

PYMNTS

MARCH 2, 2018

Thursday was the same day the company said that more individuals in the United States were hit by last year’s data breach than had been initially estimated. That’s a lot of compromised data, of course. Earnings on an adjusted basis, stripping out the impact of the data breach, were $1.42, compared to the $1.35

Breach 41

Breach Data Breach Identity Theft Data Security 41