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

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

MARCH 24, 2016

SECURITY AND PRIVACY — CAN WE HAVE IT ALL? “Encryption is one of the best ways to protect data. The “everything else” is consumers transacting on the Web with ease and criminals not being able to easily have access to data that they could use for malicious purposes. Department of Justice has demonstrated.

Encryption 41

Encryption Compromise Privacy Credential 41

VISTA InfoSec

JUNE 18, 2024

Backup Your Data Regularly Safeguarding your vital data is non-negotiable. Implement a solid backup strategy to renew your operations after disruptive incidents like ransomware encryptions, hardware failures, or accidental deletions. When crisis inevitably strikes, you’ll bounce back with irreplaceable data intact.

Data Security 208

Data Security Security Encryption Cybersecurity 208

CoinRemitter

JULY 2, 2024

Blockchain Security Blockchain security refers to using cybersecurity methods to protect against attacks and fraud when using blockchain networks. It also depends on a consensus among network participants to validate new information, preventing false or unauthorized data.

Blockchain 40

Blockchain Security Encryption Transactions 40

M2P Fintech

JANUARY 3, 2024

Regulatory Compliance To stay compliant, banks need to adhere to central bank regulations on transaction security, data security, and privacy, among others. Core banking systems must have integrated compliance features that can adapt to evolving standards and regulations for robust security and fraud detection.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Regulatory Compliance 59

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.

Cybersecurity 57

Cybersecurity Encryption Data Breach Data Security 57

Clearly Payments

JANUARY 12, 2024

Isolate and Secure the Affected System Immediately isolate any compromised systems or payment terminals to prevent further unauthorized access. Inform Cardholders If you have identified specific compromised accounts or transactions, contact the affected cardholders as soon as possible.

Credit Cards 88

Credit Cards Law Enforcement Card Issuer PCI DSS 88

EBizCharge

JULY 19, 2024

By understanding these pitfalls, businesses can take proactive steps to adopt more secure payment processing solutions. Here are five reasons why PDF forms fall short of the stringent requirements for secure credit card transactions. 1. Insecure storage Storing payment card data requires secure systems to prevent breaches.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

Clearly Payments

MARCH 22, 2024

The Technology Behind Mobile Payments Mobile payments rely on a sophisticated blend of technologies to facilitate seamless, secure, and convenient transactions. At the heart of mobile payment systems are Near Field Communication (NFC), Quick Response (QR) codes, and secure elements such as encryption and tokenization.

Contactless Payments 102

Contactless Payments Online and Mobile Banking Mobile Payments Payments 102

VISTA InfoSec

FEBRUARY 16, 2024

. - The software should be developed based on industry standards and/or best practices for secure development. - The development should be in accordance with PCI DSS (Payment Card Industry Data Security Standard). This includes aspects like secure authentication and logging. Check memory boundaries when handling data.

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Stax

JULY 9, 2024

EFT payments offer a high level of security compared to traditional payment methods. Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Relatively inexpensive. Q: How are EFT payments regulated?

Electronic Fund Transfer Act (EFTA) 88

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

PYMNTS

JUNE 29, 2018

The investigation so far has found that the leaked data includes contact information, usernames and encrypted passwords. 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

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. More than half of surveyed respondents said they are most concerned about environmental security vulnerabilities linked to shared infrastructure and a lack of data location control.

Breach 41

Breach Data Breach Encryption Data Security 41

Exact Payments

JULY 1, 2024

Our software partners transmit merchant data to our APIs using Transport Layer Security (TLS) encryption. TLS encrypts data during transit and offers enhanced security features to combat man-in-the-middle (MiTM) attacks. The encrypted data is then written to our database. We implement TLS 1.3,

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

Payment Savvy

JULY 3, 2024

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.

Debit Card 52

Debit Card Process PCI DSS Processors 52

PYMNTS

AUGUST 19, 2019

PYMNTS recently spoke with home cleaning robot provider iRobot ‘s Vice President and Chief Information Officer Mike Tirozzi and Director of Product and Data Security Mike Gillen on the ways smart home providers are tackling such issues and how providers can offer the conveniences of home IoT while minimizing risk. .

Risk 51

Risk Security Compromise Credential 51

PYMNTS

DECEMBER 31, 2018

Retailer Hudson’s Bay got story started in early April with the disclosure that Saks Fifth Avenue and Lord & Taylor stores in North America had their payment cards compromised. The breach was believed to have seen 5 million cards compromised. about a potential data security incident. Exactis Hack.

Data Breach 92

Data Breach Breach Database Compromise 92

Exact Payments

JANUARY 4, 2024

The Payment Card Industry Data Security Standard (PCI DSS) plays a crucial role in protecting cardholder data for businesses that accept credit card payments. This set of security guidelines is mandated by major credit card associations such as Visa, Mastercard, American Express, and Discover.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

PYMNTS

AUGUST 21, 2019

PYMNTS spoke with iRobot SVP and CIO Mike Tirozzi and Director of Product and Data Security Mike Gillen about keeping devices secure. “We As alluded to above, data security must be considered over a device’s lifetime. Outdated software is an often overlooked security flaw. The Corporate Perspective.

Security 66

Security Data Breach Encryption Breach 66

CB Insights

MARCH 27, 2019

These high-profile data breaches (among many others over the last few years) have put the general public on high alert, with talk of data protection becoming an increasing priority. Read our future of data security report for more on this topic. ). But the company is not alone. The Controversies.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

EBizCharge

JUNE 6, 2024

It’s important to consider various factors, including the payment methods supported, the credit card processing fees involved, the geographical regions served, and the security measures offered are paramount, as data breaches can have grave implications for your business.

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

PYMNTS

NOVEMBER 15, 2016

Making matters even more complicated, it’s not only cyberthieves that can compromise a business’ data: Environmental disasters could disrupt computer systems, for instance. SMEs need to develop a plan of action if and when an event occurs, as well as a plan to recover any compromised data. Back To Basics.

Security 76

Security Cybersecurity Small Business Third Party Vendors 76

PYMNTS

SEPTEMBER 26, 2016

SWIFT wants its network members to tighten security, stating: “The targeted customers have, however, shared one thing in common: They have all had particular weaknesses in their local security.”. Authentication methods for payments networks, such as SWIFT, or P2P money transfer apps are still not completely secure.

Online and Mobile Banking 78

Online and Mobile Banking SWIFT Credential Central Bank 78

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

EBizCharge

JUNE 3, 2024

Payment integrations should use secure Application Programming Interfaces (APIs) with robust authentication and authorization mechanisms, such as OAuth and API keys, to control access and verify the identity of users and systems. Additionally, implementing data encryption for information both in transit and at rest is vital.

Process 52

Process Payment APIs and Integration Payments Disputes 52

PYMNTS

MAY 5, 2016

According to the FBI, there’s been a significant increase in cybercriminals gaining unauthorized access to corporate networks in order to encrypt data and then extort the company to receive the key, The Wall Street Journal reported on Wednesday (May 4). And it also compromises another key factor: data security.

FBI 41

FBI Ransomware Cybersecurity Encryption 41

M2P Fintech

JANUARY 22, 2024

More than 6 million data records were exposed worldwide through data breaches and the average cost of a breach reached $ 6.41 Among all the compromised data types, Personally Identifiable Information (PII) is considered the costliest and most vulnerable. Cybersecurity threats are on the rise. million during last year.

Correspondent 52

Correspondent Origination Breach Security 52

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

PYMNTS

JUNE 15, 2018

Technical and non-technical professionals within an organization that adopts ALTR’s offerings, the firm has said, will be on the same page when it comes to data security, and who has access to what information, and at what time. The ALTR platform is built on ALTRchain, which the firm says ensures “ultra-secure” data access and storage.

Blockchain 43

Blockchain Security Database Social Security 43

VISTA InfoSec

JANUARY 18, 2024

with a particular emphasis on the move towards ‘network security controls’. 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.

PCI DSS 262

PCI DSS Procedures Encryption Security 262

Nanonets

APRIL 29, 2024

Security and Complianc e: Credit card reconciliation software prioritises data security and compliance with industry regulations, such as PCI DSS (Payment Card Industry Data Security Standard). It employs encryption, access controls, and audit trails to protect sensitive financial information.

Reconciliation 52

Reconciliation Credit Cards Correspondent PCI DSS 52

Nanonets

SEPTEMBER 5, 2023

Your file could end up in the wrong hands if the website's security is compromised. So, if you're handling confidential data, quickly check the website's privacy policy. Also, while these tools can handle most PDF tasks, they may not support advanced features like interactive elements, annotations, or encryption.

AI 52

AI Process Encryption Automation 52

Fintech News

MARCH 10, 2024

However, a challenge presents itself: the ever-evolving threat to mobile app security. From compromised financial data to stolen identities, a single breach can shatter user trust and cripple business operations. So, how can Indonesian financial institutions navigate this challenging landscape and build secure mobile usage?

Digital Payments 112

Digital Payments Security Data Encryption Encryption 112

Ikajo

NOVEMBER 22, 2023

At the same time, you won’t compromise on the system’s quality, as PayFac as a Service is provided by experienced vendors with professional expertise in FinTech software development. Compliance and security Make sure that the vendor is compliant with industry regulations and standards.

Facilitators 52

Facilitators Payment APIs and Integration PCI DSS Payments 52

Nanonets

DECEMBER 25, 2023

It not only distorts the economic landscape of the healthcare sector but also compromises the trust and integrity of the entire system. Robust Security and Compliance Nanonets places a paramount emphasis on data security and compliance with healthcare regulations. Our software is GDPR, HIPPA, and SOC-2 compliant.

AI 59

AI Process Payer Fraud Detection 59