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

Fintech Finance

MARCH 12, 2024

requirements for data security at rest move beyond disk-level encryption to protection within applications. comforte’s Data Security Platform meets this requirement by inserting a protection layer into applications that buffers for tokenization or encryption of sensitive data. PCI DSS v4.0

PCI DSS 52

PCI DSS Compliance Encryption Real Time Payments 52

VISTA InfoSec

JANUARY 22, 2024

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. Key Management: Requirement 3 also covers the secure management of cryptographic keys used for encryption of cardholder data. PCI DSS v3.2.1

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

MARCH 24, 2016

“Encryption is one of the best ways to protect data. With respect to payments specifically, where the encryption of payment information is a vastly different issue than the encryption of communication channels, the balance of having both security and privacy may be more achievable. Department of Justice has demonstrated.

Encryption 41

Encryption Compromise Privacy Credential 41

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Compromise 98

Compromise Scams Debit Card Smishing 98

Fintech Review

OCTOBER 17, 2024

. “At Akord, our mission is to create a platform that empowers individuals and businesses with meaningful data ownership – the ability to secure data publicly and tokenize it, or store it privately with end-to-end encryption, controlling the keys and access,” said Pascal Barry, CEO of Akord. Learn more: [link].

Encryption 52

Encryption API Blockchain Compromise 52

The Paypers

JUNE 24, 2016

(The Paypers) Apple has confirmed the removal of encryption from iOS 10 Kernel to optimize the operating system's performance without compromising security.

Encryption 28

Encryption Compromise Security 28

PYMNTS

AUGUST 15, 2019

The systems that are being investigated for the data breach use point-to-point encryption, which supposedly makes seeing card data virtually impossible. We believe the actions we have taken have stopped the unauthorized activity on our payment processing systems,” the company said.

Credit Cards 47

Credit Cards Compromise Data Breach Law Enforcement 47

PYMNTS

FEBRUARY 1, 2019

“We do not believe that any passwords were compromised because we do not actually store passwords, except in a one-way encrypted form that is salted uniquely per user,” the company wrote.

Data Breach 80

Data Breach Breach Law Enforcement Encryption 80

CoinRemitter

JULY 2, 2024

With consensus mechanisms compromised, the integrity and reliability of blockchain networks could be affected, leading to broader security concerns. It uses methods like lattice-based encryption, hash functions, and identity-based encryption. It allows encryption keys to be shared with very high security.

Blockchain 40

Blockchain Security Encryption Transactions 40

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. The encrypted files can only be decrypted through an RSA private key, teiss reported. It was unknown if any ransom had been demanded or paid, teiss wrote.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

Stax

AUGUST 20, 2024

While security is paramount, it’s important not to compromise the user experience. This means implementing two-factor authentication, encryption, and tokenization measures to ensure that all customer data is securely stored and processed. What Role Do Encryption and Tokenization Play in 3D secure?

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

EBizCharge

JULY 19, 2024

Lack of encryption Encryption is essential for protecting sensitive cardholder data during transmission over public networks. Standard PDF forms don’t typically offer end-to-end encryption for data in transit or at rest, making the sensitive information vulnerable to interception or unauthorized access by cybercriminals.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

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

VISTA InfoSec

JUNE 21, 2023

Data breaches are affecting millions of people across the globe, with over 340 million records already compromised in 2023 headline cases and new incidents surfacing every week. You need to know if any data has been compromised and, if so, where it may have been shared. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

VISTA InfoSec

FEBRUARY 16, 2024

Insecure Cryptographic Storage: - Protect encryption keys and sensitive data they can access. - Use strong encryption, prevent flawed implementations. Attacks on Cryptography Usage: - Protect against attempts to break weak encryption, flawed implementations, or exploit vulnerable cryptographic modes. for this process.

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Clearly Payments

MARCH 22, 2024

At the heart of mobile payment systems are Near Field Communication (NFC), Quick Response (QR) codes, and secure elements such as encryption and tokenization. Encryption ensures that data transmitted during a transaction is scrambled and unreadable to unauthorized parties. Security is a critical component of mobile payment technology.

Contactless Payments 102

Contactless Payments Online and Mobile Banking Mobile Payments Payments 102

Stax

JULY 9, 2024

Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Compliance requires implementing robust security measures, such as encryption and authentication protocols, regularly auditing processes, and staying updated on regulatory changes.

Electronic Fund Transfer Act (EFTA) 88

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

PYMNTS

JANUARY 13, 2020

Travelex said the malware was kept in check and customer data was not compromised. . Based on Travelex’s extensive internal assessments and the analyses conducted by its expert partners there, is no evidence to suggest that customer data has been compromised,” the company said.

Ransomware 52

Ransomware Compromise FBI On-Demand 52

PYMNTS

NOVEMBER 18, 2020

The company confirmed in the post that while its customer’s assets are secure, personal contact information and encrypted passwords might have been compromised in the attack. “We MPC-based and cold storage crypto wallets are secured and were not compromised.”.

Bitcoin 60

Bitcoin Compromise Cryptocurrency NOV 60

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

PYMNTS

NOVEMBER 30, 2018

A subsequent investigation revealed that the unauthorized access had been ongoing since 2014 – and that unauthorized parties had been able to copy and encrypt information that in November was found to have resided in the aforementioned Starwood database.

Data Breach 43

Data Breach Breach Database Encryption 43

VISTA InfoSec

AUGUST 22, 2023

Altering or replacing compromised biometric traits is complex. Addressing these risks necessitates robust security measures, encryption, access controls, and breach response plans. Implementing Protective Measures: Organizations must implement robust measures, such as encryption and access control, to protect biometric data.

Privacy 130

Privacy Compliance Legal Best Practices 130

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

JULY 10, 2019

Of the 500 million guests impacted, around 327 million had information compromised that ranged from names to passport numbers to email addresses and Starwood account information. The company also stated that credit card data may have been compromised even though it had been encrypted.

Regulations 54

Regulations Due Diligence Breach Data Breach 54

PYMNTS

JUNE 29, 2018

The investigation so far has found that the leaked data includes contact information, usernames and encrypted passwords. Earlier this year, Under Armour revealed that it suffered one of the biggest hacks in history after data from 150 million users of its MyFitnessPal diet and fitness app was compromised in February. “On

Data Breach 40

Data Breach Breach Compromise Encryption 40

Fi911

JULY 8, 2024

Social Engineering Social engineering is a manipulation technique used by criminals to deceive individuals into revealing confidential information or performing actions that compromise security. This type of fraud exploits human psychology rather than technical vulnerabilities, making it challenging to detect and prevent.

Account Takeovers 87

Account Takeovers Fraud Detection Phishing Fraud Prevention 87

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. AI, blockchain, encryption, & the CIA triad : we analyzed the use cases for AI, blockchain, and advanced encryption technologies for protecting enterprise data.

Cybersecurity 57

Cybersecurity Encryption Data Breach Data Security 57

PYMNTS

DECEMBER 15, 2016

In September of this year, it was revealed that over 500 million Yahoo accounts had been compromised back in 2014. The stolen user account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (using MD5) and, in some cases, encrypted or unencrypted security questions and answers.

Data Breach 72

Data Breach Breach Law Enforcement Encryption 72

PYMNTS

SEPTEMBER 28, 2016

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. Just last week, Yahoo fell victim to what could be the biggest data breach in the digital era.

Data Breach 75

Data Breach Breach Compromise Cybersecurity 75

PYMNTS

SEPTEMBER 26, 2016

Marissa Mayer, Yahoo’s chief executive officer, was not quick to announce that 500 million accounts had been compromised in the 2014 breach. Warner penned a letter to SEC Chair Mary Jo White that the SEC should be looking into Yahoo’s conduct as to how properly it informed investors when and after the incident occurred.

Breach 67

Breach Compromise Data Breach Encryption 67

PYMNTS

JULY 30, 2019

Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted.

Breach 87

Breach Law Enforcement Data Breach Social Security 87

PYMNTS

AUGUST 13, 2018

According to the FBI, the bank or payment processor is compromised with malware to access bank customer card information and exploit network access, enabling funds to be taken from ATMs.

FBI 58

FBI ATM Scams Third Party Vendors 58

EBizCharge

OCTOBER 25, 2023

An incident is only considered a data breach if the confidentiality of data is compromised. Therefore, businesses must secure their networks and systems to prevent unauthorized access by deploying strong encryption, setting up firewalls, ensuring accurate user authentication processes, and more. What data was encrypted and breached?

Best Practices 52

Best Practices Data Breach Breach Phishing 52

CoinRemitter

AUGUST 29, 2024

It includes features like 2FA and encryption. Along with that, merchants can control API withdrawals from their wallets if their API key or wallet password is compromised. Effective security measures: This crypto payment processor provides top security with advanced measures. This protects users from excessive withdrawals.

Payment APIs and Integration 45

Payment APIs and Integration Multi-Currency Cryptocurrency Gateways 45

PYMNTS

APRIL 25, 2019

This led to a security breach that compromised the data of approximately 2.1 of deceiving consumers by falsely claiming that the site “utilizes the latest security and encryption techniques to ensure the security of your account information.” million users, including around 245,000 users who indicated they were under 13. consumers.

FTC 53

FTC Data Security Security Consumer 53