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.

Data Security 58

Data Security Encryption Security Data Breach 58

Segpay

NOVEMBER 20, 2024

As these technologies continue to evolve, they not only enhance security but also improve user experience. However, pressing concerns about privacy and fraud by cybercriminal networks must be addressed. However, this also brings up critical concerns about privacy, which we will explore later.

Security 98

Security Technology Privacy Compromise 98

PYMNTS

OCTOBER 5, 2018

Facebook-owned Instagram reportedly is testing a new privacy setting that could lead to more targeted ads directed at consumers. The new privacy setting would enable Instagram to share users’ location history with Facebook. Facebook, meanwhile, is dealing with more questions and concerns about security and data.

Privacy 60

Privacy Data Breach Compromise Breach 60

PYMNTS

APRIL 25, 2019

Two consumer websites have settled with the Federal Trade Commission (FTC) over allegations that they did not secure consumers’ data, allowing hackers to breach both sites. This led to a security breach that compromised the data of approximately 2.1 Unixiz, Inc., million consumers, including around 500,000 U.S.

FTC 53

FTC Data Security Security Consumer 53

Exact Payments

JULY 1, 2024

which includes security enhancements such as enforcing “forward secrecy” to prevent the compromise of encryption keys between the server and clients. Even if a server’s key is compromised, past communications remain secure because the session keys cannot be retroactively decrypted. We implement TLS 1.3,

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

PYMNTS

FEBRUARY 10, 2020

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. Security Boulevard research shows that as of Dec. In retailing it’s usually a good thing when you’re the first to do something.

CCPA 62

CCPA Laws Privacy Data Breach 62

The Finance Weekly

JUNE 7, 2022

Vendor risk management must garner more attention because companies operate in an interconnected corporate landscape, and security is only as strong as its weakest link. However, many still have to address the fundamental data security and privacy compliance consequences. Lack of Data Planning/Mapping.

Cybersecurity 130

Cybersecurity Breach Privacy Risk Management 130

PYMNTS

FEBRUARY 15, 2018

In the wake of breaches that have compromised the data of millions of Americans and companies as far-flung as Equifax and Uber, industry observers and participants told a House subcommittee on Wednesday that data security should be standardized at a national level. Rotenberg voiced that countries outside the U.S.

Data Security 40

Data Security Security Breach Privacy 40

The Fintech Times

FEBRUARY 22, 2024

Alexis Alexander , chief legal and compliance officer, Liberis explores how to employ a considered and educational approach to data privacy including traditional practices, while also accepting that there are additional considerations when it comes to embedded finance. One area to consider carefully is data privacy.

Embedded Finance 59

Embedded Finance Privacy Risk Finance 59

PYMNTS

FEBRUARY 10, 2020

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. Security Boulevard research shows that as of Dec. In retailing it’s usually a good thing when you’re the first to do something.

CCPA 52

CCPA Laws Privacy Data Breach 52

Payments Source

SEPTEMBER 7, 2018

British Airways may become the first high-profile company to face Europe’s far-reaching data privacy rules that come with potential fines after a computer hack compromised credit card data from some 380,000 customers.

Rules 64

Rules Compromise Privacy Credit Cards 64

PYMNTS

DECEMBER 31, 2018

Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget. The most eye-catching — and headline-generating — of those lapses was the Cambridge Analytica scandal , which saw the data of 87 million Facebook users end up in the hands of a political consultancy. Exactis Hack.

Data Breach 92

Data Breach Breach Database Compromise 92

PYMNTS

JANUARY 29, 2019

In its 2019 Data Privacy Benchmark Study, published last week, Cisco found that the combination of security best practices and investment in cybersecurity technology correlates to a lessened impact from data breaches. But for companies that are GDPR-ready, sales delays were significantly shorter — 3.4

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

PYMNTS

FEBRUARY 14, 2020

The initiative will be on hold until the government enacts new laws that would safeguard data security. The program was and is sweeping in scope, seeking fingerprints, other biometric and personal data tied to tens of millions of residents. The Core Principles. Cohen told Webster the U.N.’s

Money Laundering 82

Money Laundering Privacy Financial Inclusion Use Case 82

Fintech Finance

MARCH 12, 2024

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, and comforte AG, a leading provider of data-centric security solutions, have announced a partnership to help customers meet the new Payment Cards Industry Data Security Standards (PCI DSS) v4.0 PCI DSS v4.0 PCI DSS v4.0

PCI DSS 52

PCI DSS Compliance Encryption Real Time Payments 52

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 Privacy 59

VISTA InfoSec

NOVEMBER 7, 2023

We live in a world where remote access to data is the norm, opening up additional vulnerabilities when protecting digital assets. Additionally, organizations need to comply with data privacy requirements including understanding Digital Personal Data Protection. Mutli-Factor Authentication (MFA) isn’t a new concept.

Authentication 130

Authentication MFA Cybersecurity Credential 130

Stax

NOVEMBER 6, 2023

In 2022, there were 1802 instances of data compromise in America which affected 422 million people. Loss, corruption, improper use, and unwanted access to a company’s data assets can lead to immense negative publicity, which in turn can cause irreparable reputation damage, fines, sanctions, and loss of profits.

Encryption 88

Encryption PCI DSS Data Security Origination 88

PYMNTS

APRIL 7, 2017

But these agreements also tend to inflame the debate over data privacy. “One of the main considerations when entering an agreement like this is the security element,” Christiansen told PYMNTS, adding that API technology enables a secure and reliable method of data exchange.

Consumer Financial Protection Bureau (CFPB) 76

Consumer Financial Protection Bureau (CFPB) Technology CFPB API 76

PYMNTS

DECEMBER 27, 2019

“The data breach was the inevitable result of Wawa’s inadequate data security measures and cavalier approach to data security,” said one suit, filed by Haverford law firm Chimicles Schwartz Kriner & Donaldson-Smith. In addition, Desjardins is extending Equifax credit monitoring service to all members.

Data Breach 52

Data Breach Breach Identity Theft Debit Card 52

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. Collectively, FAMGA has poured nearly $2.5B

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

CB Insights

JULY 31, 2019

Capital One suffers data security incident. Capital One notified customers that its data was compromised by a hacker as a result of a firewall misconfiguration. Initial estimates by the company report that the data of 106M individuals may have been affected. Want the full post? Become a CB Insights customer.

Privacy 28

Privacy Acquirers Social Security Compromise 28

PYMNTS

AUGUST 21, 2019

Along with the growing popularity of IoT devices, from fitness wearables to smart fridges, comes increased security and privacy issues. Mounting data breaches and device vulnerabilities have prompted wariness around IoT adoption. As alluded to above, data security must be considered over a device’s lifetime.

Security 66

Security Data Breach Breach Encryption 66

Stax

APRIL 10, 2025

It will use magnetic secure transmission (MST) to transmit the relevant data when the smartphone is held at close range (a few centimeters usually) or tapped to your card reader. Its convenience has made it very popular with customers, with 78% of customers globally already using the payment method.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

PYMNTS

OCTOBER 22, 2018

All that said, the more abstract these connected payments experiences become, the greater the concern over the security and privacy of their data.

Consumer 84

Consumer Privacy Data Security Online and Mobile Banking 84

PYMNTS

FEBRUARY 28, 2020

million members and 173,000 businesses, but later admitted that its entire member base was compromised. The leaked data did not include passwords, codes or identification questions, but did expose names, addresses, birthdates, social insurance numbers and information about transaction habits. CUs’ Tools To Secure Member Privacy .

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

Finovate

APRIL 25, 2024

Because all actions run within the Einstein Trust Layer, they do not compromise data security or privacy standards. For example, an agent can ask Einstein Copilot to trigger a fee reversal request for a disputed transaction, issue a provisional credit, or pull a list of recent customer transactions.

Disputes 59

Disputes Transactions AI CRM 59

Stax

AUGUST 20, 2024

Some challenges and considerations of embedded finance and fintech involve regulatory and compliance issues, data privacy and security, and stiff competition. Data security and privacy concerns Collecting your customers’ data for personalized services poses serious threats if the data is breached.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 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 In addition to paying the $1.5

Breach 63

Breach Data Breach Settlement Payments 63

PYMNTS

JULY 10, 2019

Libra raises “serious concerns regarding privacy, money laundering, consumer protection [and] financial stability,” U.S. Facebook also has a questionable track record with trust and user privacy, Dimitri Sirota, CEO of New York data privacy firm BigID, told CNBC.

Money Laundering 43

Money Laundering Privacy Federal Reserve Cryptocurrency 43

Clearly Payments

MARCH 22, 2024

Tokenization adds another layer of security by replacing sensitive information, such as credit card numbers, with a unique token that is useless if intercepted. This means that even if a transaction is compromised, the actual card details remain secure.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

PYMNTS

JULY 16, 2019

With merchants and retailers now required under law to provide two-factor authentication to their customers, many are expressing concerns that this new added layer of security will compromise the user experience. Unhappy customers could, therefore, lead to empty carts and less revenue for these merchants. About the Tracker.

API 75

API Authentication Regulations Laws 75

PYMNTS

DECEMBER 3, 2018

People could not believe an entity like Target could be so completely compromised. Half a decade later, consumers are no longer so easily appalled since hacks, breaches and compromised data privacy have become a standard background noise in payments and commerce.

Consumer 70

Consumer Breach Compromise Advisors 70

PYMNTS

NOVEMBER 27, 2018

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. Uber told Reuters that it changed its data practices since the hack in 2016 and brought on a chief privacy officer and data protection officer in 2018.

Data Breach 53

Data Breach Breach Regulations NOV 53

VISTA InfoSec

JANUARY 29, 2024

Welcome back to our ongoing series on the Payment Card Industry Data Security Standard (PCI DSS). We’ve been journeying through the various requirements of this critical security standard, and today, we’re moving forward to explore Requirement 5 of PCI DSS v4.0. Consult a qualified professional for your specific situation.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

PYMNTS

DECEMBER 3, 2018

Privacy Concerns. What about privacy, though? Instead, they get “data points” that determine whether or not the transaction should be rejected or authorized. Instead, they get “data points” that determine whether or not the transaction should be rejected or authorized.

Authentication 70

Authentication Privacy Checks AI 70

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