PYMNTS

JUNE 29, 2018

The first class action lawsuit against Exactis has been filed in response to the company’s massive data breach that exposed the private information of more than 200 million U.S. Security researcher Vinny Troia discovered the breach earlier this month. consumers and 110 million business contacts.

Data Breach 50

Data Breach Breach Database Credit Cards 50

PYMNTS

FEBRUARY 21, 2017

When a company is hit with a data breach that leads to the leak of consumer information, the event will make headlines. Not so much, however, when a breach results in the compromise of sensitive corporate data, like information on M&A plans or intellectual property. ” An Innovative Future.

Data Breach 53

Data Breach Breach Cybersecurity Compromise 53

PYMNTS

SEPTEMBER 11, 2018

11) that the data breach at British Airways was due to credit card skimming installed by malware hackers. The researcher said the group was highly targeted in their approach, and that the British Airways breach was part of a broader plot to steal records from various websites. 21 to Sept. 5 and is now resolved.

Research 74

Research Data Breach Breach Credit Cards 74

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

The Fintech Times

OCTOBER 18, 2024

Cyber risks : This risk includes threats such as hardware and software failures, spam, viruses, malicious attacks, and other IT-related issues that can compromise a company’s digital infrastructure. Invest in cybersecurity : Given the high stakes of data breaches, fintech leaders must prioritise investments in cybersecurity.

Risk 107

Risk FinTech Risk Management Cybersecurity 107

PYMNTS

APRIL 5, 2018

Sears, the department store operator, and Delta Air Lines, the airline operator, disclosed Wednesday (April 4) that payment information of some of their customers could have been exposed as part of a data breach at [24]7.ai, The data, according to the report, was searchable by different categories including loyalty account number.

Compromise 44

Compromise Breach AI Data Breach 44

The Fintech Times

JUNE 3, 2024

Using an organisation as an unwitting Trojan Horse is far easier than directly compromising a major company with a fully staffed Security Operations Center and several layers of security controls. Organisations are still addressing the repercussions of the breach, with projected costs exceeding $65billion.

Third Party Vendors 110

Third Party Vendors Cybersecurity Breach Risk Management 110

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

FEBRUARY 1, 2019

An Indian web system — used to mark attendance for government workers, which records names, photos and unique Aadhaar numbers — was easily compromised, and led to the access of private information for thousands of workers, reports showed. . The UIDAI, for its part, calls breaches “fake news,” and simply denies evidence of any weaknesses.

Compromise 40

Compromise Breach Database Social Security 40

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

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.

Compromise 58

Compromise Data Breach Credit Cards Breach 58

PYMNTS

MARCH 12, 2020

The hack was discovered in October, but researchers say the actual breach happened a month earlier, in September. The stolen card data was uploaded about one month later, on a dark web hacking forum, and it’s been for sale since then. The code was found in 6,589 stores, but was originally thought to have affected 20,000 stores.

Payments Data 62

Payments Data Breach Data Breach Compromise 62

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 62

CCPA Laws Privacy Data Breach 62

The Fintech Times

JUNE 20, 2024

Confronting modern cyber risks in financial services David Atkinson, CEO, SenseOn Entrusted with the personal data of billions, financial institutions face a relentless barrage of cyber threats, amplified by the proliferation of internet banking , mobile applications and instant payment systems.

Risk 58

Risk Cybersecurity Data Breach Ransomware 58

PYMNTS

FEBRUARY 28, 2019

Deloitte research found 79 percent of organizations expect merger activity to grow in the coming year, up from 70 percent that said the same for 2018. which suffered a data breach last year as the result of a cybersecurity incident at a third-party vendor. Such cases have been reported at Ticketmaster U.K.

Risk 65

Risk Data Breach Third Party Vendors Cybersecurity 65

PYMNTS

OCTOBER 28, 2019

UniCredit has revealed a data breach that leaked information belonging to three million customers from Italy, Reuters reported on Monday (Oct. The Italian bank indicated that a 2015 file containing customers’ names, addresses, emails and phone numbers was compromised. When the breach was discovered last Thursday (Oct.

Data Breach 40

Data Breach Breach Cybersecurity Credential 40

PYMNTS

JANUARY 27, 2020

Businesses have good reason to be concerned about data breaches. Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. The same report found that the total cost of a data breach had risen 12 percent since 2014.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

PYMNTS

JANUARY 25, 2021

The data leaked included names, email addresses, phone numbers, bank account details and tax ID numbers, the report stated. No user funds have been compromised in the attack. Other reports, however, show only leaked information of 161,487 of the exchange’s users, noted Cointelegraph, citing BleepingComputer.

Government 104

Government Governance Bitcoin Cryptocurrency 104

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

Fintech News

JANUARY 17, 2024

7 trends that will shape the fraud and identity landscape in 2024 by LexisNexis Risk Solutions By combining real personal data leaked from breaches with AI-fabricated information, fraudsters can rapidly generate fake but credible identities.

Deepfake 115

Deepfake APACS Scams Authentication 115

PYMNTS

NOVEMBER 28, 2018

Earlier this week, reports said two researchers from Bloomsberg University of Pennsylvania made their case for safe harbor rules and overall easing of regulatory penalties for small businesses hit by a cyberattack. In the cases in which GoDaddy was involved, security professionals had to clean up, on average, 110 compromised files per hack.

Small Business 78

Small Business Cybersecurity Ransomware Compromise 78

PYMNTS

JUNE 1, 2020

Its “Sector 17 – The State of Cybersecurity in the Legal Sector” analysis found that 100 percent of law firms surveyed around the globe had been targeted in a cyberattack, pointing to the industry’s $1 trillion market value, making it a prime target for data breaches, phishing attacks and other malicious online activity.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

PYMNTS

JANUARY 29, 2019

The latest research from Cisco on the topic suggests executives may want to loosen the purse strings when it comes to cybersecurity investment, because the spend is paying off — including in ways beyond regulatory compliance. Less than half of IT professionals in the U.S.

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

PYMNTS

NOVEMBER 4, 2016

With major data breaches on the rise, it’s no surprise cybercriminals have access to more than enough compromised data. From WiFi hotspots to printers and unsecured routers to digital video recorders, hackers essentially have their pick of when looking to compromise unsuspecting IoT devices.

Compromise 76

Compromise Data Breach Breach Credential 76

PYMNTS

AUGUST 2, 2017

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. Garrett Bekker, 451 Research’s principal analyst, commented on these findings and shared what merchants are doing wrong.

Data Breach 40

Data Breach Breach Cybersecurity Data Security 40

PYMNTS

DECEMBER 20, 2019

A security researcher found the passwords and email addresses on the dark web were all associated with Ring’s smart security video doorbell passwords. Ring denied any claims that the company’s data was compromised. On Tuesday (Dec. The dark web site is frequently used for sharing stolen passwords and illegal information.

Law Enforcement 52

Law Enforcement Addressing Compromise Data Breach 52

PYMNTS

AUGUST 31, 2017

NBC News reported that the data breach occurred because spammers neglected to secure their servers, allowing the information to be accessed and downloaded without credentials. The spambot sends out spam messages for everything from weight loss pills to those Nigerian prince emails.

Data Breach 51

Data Breach Breach Addressing Cybersecurity 51

PYMNTS

DECEMBER 18, 2017

judge has sentenced a Nigerian man to three years and five months in prison for his role in a business email compromise scam. Reports said Adindu was arrested in 2016 and allegedly carried out business email compromise scams between 2014 and 2016.

Scams 41

Scams Email Compromise Compromise Wire Transfer 41

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. Thales partnered with 451 Research for the “ 2017 Data Threat Report, Financial Services Edition ,” a report which surveyed U.S.-based The results weren’t great.

Breach 41

Breach Data Breach Encryption Data Security 41

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 Government Governance Data Breach 54

PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks. While researchers at Tanium found last year that one-third of U.K.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

APRIL 10, 2019

The Association of Financial Professionals released new data this week that revealed the threat of payments fraud continues to climb, particularly for large enterprises, as scams like ACH fraud and the Business Email Compromise climb to record levels. But the latest analysis of U.S. But the latest analysis of U.S.

Risk 54

Risk Risk Mitigation Risk Management Data Breach 54

PYMNTS

FEBRUARY 14, 2019

Remember how all those names, addresses, dates of birth, Social Security and drivers’ license numbers and other information were stolen in September of 2017 – the information of some 143 million people – in what still stands as the one of the biggest data breaches of all time? That breach is also among the biggest in history.

Breach 76

Breach Data Breach Cybersecurity Governance 76

PYMNTS

AUGUST 10, 2018

The new findings gathered by Juniper Research and published in its report, “The Future of Cybercrime & Security: Threat Analysis, Impact Assessment & Leading Vendors 2018-2023,” shows that there will be a staggering increase of 175 percent in cybercrime in 2023. The research also found that the U.S. by 2023.

Cybersecurity 43

Cybersecurity Breach Data Breach Research 43

PYMNTS

APRIL 9, 2018

The high-profile data breach that hit Saks and Lord & Taylor was already eclipsed just days later when news of possible similar attacks at Best Buy, Delta and others hit headlines. Gartner research director Ruggero Contu cited high-profile attacks, like the Equifax breach , as a key motivator behind this spend.

Data Breach 49

Data Breach Breach Cybersecurity Phishing 49

PYMNTS

MARCH 28, 2018

Researchers estimate U.S. Less obvious, however, is the financial impact of data breaches, content abuse and similar cases. ” The multibillion-dollar losses incurred by Facebook “because of that breach in trust” are proof that content abuse and data breaches have clear financial impacts.

Security 44

Security Data Breach Account Takeovers Breach 44