PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

Identity Theft 83

Identity Theft Financial Crimes Technology Crime 83

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

PYMNTS

FEBRUARY 19, 2019

What’s more, fraudsters are getting smarter, building out identities and initiating money transactions that are made to appear as legitimate as possible before making their move. Yet, how can banks protect against identity theft and application fraud with so many details compromised? Around the Digital Fraud World.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

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

Segpay

OCTOBER 22, 2024

High-profile data breaches have made the risks of storing user IDs clear, with victims suffering from identity theft and financial loss. With its decentralized nature, cryptographic security, and innovative techniques like zero-knowledge proofs, blockchain offers a way to verify age without compromising user privacy.

Verification 83

Verification Blockchain Privacy Encryption 83

Seon

JUNE 27, 2024

As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. Find Out More The use of AI in fraud is not limited to the digital space; it extends to financial crimes, money laundering, identity theft and other illicit activities.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

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 But individual consumers aren’t the only victims of identity theft.

Identity Theft 43

Identity Theft Wire Transfer Crime Email Compromise 43

PYMNTS

FEBRUARY 20, 2019

The company noted that a number of well-known online retailers’ payment websites were compromised by formjacking code in the past few months, but small and medium-sized retailers were most targeted. Ten stolen credit cards from each website that is compromised can result in up to $2.2 Symantec said it blocked more than 3.7

Scams 69

Scams Identity Theft Compromise Ransomware 69

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

FICO

MARCH 8, 2021

What to do if your tax return is compromised. In a worst-case scenario, if you do find out that you’ve been a victim of tax return fraud, the experts at TurboTax advise the following steps : Fill out IRS Form 14039 , Identity Theft Affidavit and attach it to your tax return. How do fraudsters commit tax refund fraud?

Tax Refunds 52

Tax Refunds Identity Theft IRS Federal Trade Commission 52

FICO

AUGUST 16, 2022

Once a customer has used a compromised card reader, the fraudster can download or wirelessly transfer the card details and the video of the PIN being typed, giving them complete access to the account. One of the most insidious aspects of skimming fraud is that a transaction at a compromised location usually goes through without a hitch.

Compromise 52

Compromise Romance Scams Push-to-Card ATM 52

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.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

DECEMBER 20, 2019

Wawa is getting in touch with customers and offering free credit card monitoring, as well as identity theft protection, to anyone who has been affected. None of your financial data (including credit card information) or Social Security numbers was involved, and no passwords were compromised.”.

Data Breach 52

Data Breach Breach Identity Theft Credit Cards 52

PYMNTS

MAY 19, 2020

The compromised server contained website and mobile site API logs, thereby exposing all production server information. SafetyDetective said Natura customers should be vigilant against identity theft, change their account passwords and keep a close eye on their payment card transactions for signs of any suspicious activity.

Identity Theft 93

Identity Theft Payment APIs and Integration Payment-Related Information Phishing 93

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. Participating online retailers will also have access to recent data breach activity and the format of any compromised account passwords via the platform.

Identity Theft 40

Identity Theft Compromise Data Breach Breach 40

PYMNTS

SEPTEMBER 11, 2019

But that message is apparently lost on criminals, who, according to a new report, have stolen some $26 billion over the last three years in a scam generally known as “ business email compromise.”. This is not the first time the FBI has sounded a warning about business email compromise. Federal Bureau of Investigation. Fraud Trends.

Scams 65

Scams Email Compromise Compromise Wires 65

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. Originally, a Nevada judge claimed only people who had suffered financial loss were eligible for damages. The 9th U.S.

Identity Theft 49

Identity Theft Data Breach Breach Encryption 49

PYMNTS

AUGUST 27, 2018

Consumers are increasingly at risk of having their digital identities compromised,” Allstate Chairman, President and CEO Tom Wilson said in the announcement. Last year, there were over 16 million victims of identity fraud, which resulted in over $16 billion of losses. Another 16 percent reported being victims of identity theft.

Identity Theft 40

Identity Theft Acquirers Crime Compromise 40

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Social Engineering Social engineering is a manipulation technique used by criminals to deceive individuals into revealing confidential information or performing actions that compromise security.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

Fintech News

MARCH 25, 2024

This growth suggests that threat actors continued to invest in new methods to target mobile banking apps, developing new tools and techniques to execute fraudulent transactions, steal funds and commit identity theft , the report says. Hook is a type of malicious software specifically designed to target mobile banking apps.

Mobile Banking 109

Mobile Banking Online and Mobile Banking Identity Theft Credential 109

PYMNTS

SEPTEMBER 24, 2019

With billions of compromised credentials exposed online, there is a high likelihood that most users of the U.S. financial system have had some information about themselves … compromised at some point.”. “These are attempts, and, often because of diligent work by bank compliance officers, do not represent actual losses.

Fincen 71

Fincen Account Takeovers Identity Theft Financial Crimes 71

PYMNTS

MARCH 29, 2017

Online retailers just got a new tool in the fight against identity theft and fraud. XOR Data Exchange’s free platform, Compromised Identity Exchange Basic, gives online retailers the ability identify and prevent account takeover attempts by providing theft risk insight on the individual consumer level.

Fraud Prevention 40

Fraud Prevention Account Takeovers Identity Theft Data Breach 40

Fintech News

MAY 20, 2024

Identity theft remains a prominent worry, with 25% of respondents citing it as their top financial crime concern. While 36% of Singaporeans believe they are unlikely to fall victim to identity theft, only 15% consider it a possibility, and 17% are confident their identity has not been compromised.

Identity Theft 99

Identity Theft Real Time Payments Scams Consumer 99

Clearly Payments

MARCH 4, 2024

From the Target data breach that compromised millions of customer accounts to the collapse of Wirecard AG following revelations of accounting fraud, these fraud events serve as stark reminders of the vulnerabilities within payment systems. Over 40 million credit and debit card accounts compromised.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

NOVEMBER 16, 2020

Cybercriminals have sought to exploit philanthropic giving, consumer and small business stimulus payments, unemployment benefits and even the acquisition of personal protective equipment (PPE) as ways to leverage compromised data, steal money and make fraudulent purchases.

Identity Theft 118

Identity Theft Credential Account Takeovers Fraud Prevention 118

PYMNTS

DECEMBER 27, 2019

The stores affected reach from Pennsylvania to Florida, and fuel dispensers were compromised, but not ATMs. In response to the breaches, Wawa is offering free credit monitoring and identity theft prevention help. The company said the police are involved and a forensics team is working on an investigation internally.

Data Breach 52

Data Breach Breach Identity Theft Debit Card 52

PYMNTS

SEPTEMBER 11, 2017

consumers and potentially compromised the credit card numbers of approximately 209,000 people. consumers, putting them at risk of identity theft. The paper noted that two class action lawsuits have been filed and that customers impacted by identity theft are unsatisfied with Equifax’s offer of one year of free credit monitoring.

Database 66

Database Breach Identity Theft Data Breach 66

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. The suit is the first filed by a financial institution against Equifax following the hack, but probably won’t be the last.

Credit Union 54

Credit Union Data Breach Breach Identity Theft 54

PYMNTS

MAY 1, 2017

Department of Justice (DoJ) announced plans to charge a man allegedly responsible for an $100 million business email compromise scam. The DoJ alleges that the man, Evaldas Rimašauskas, used a business email compromise (BEC) scam to trick Facebook and Google into paying fake invoices, impersonating manufacturer Quanta Computer.

Scams 47

Scams Business Email Compromise Email Compromise Identity Theft 47

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

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? FICO’s Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

FICO

AUGUST 2, 2018

In the last year, FICO have observed an increasing number of brute force application fraud attacks – an identity-based threat vector. The increase in third-party fraud, also known as identity theft, is primarily driven by cyber breach events that compromise personally identifiable information (PII).

Identity Theft 40

Identity Theft Chip Cards EMV CHIPS 40

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

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? FICO's Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

PYMNTS

JANUARY 24, 2017

According to a report highlighting findings from the Identity Theft Resource Center and CyberScout, data breaches in the U.S. In the first six months of 2016, data breaches rose 15 percent, and the number of compromised data records jumped 31 percent compared to the previous six months. percent of all hacks.

Data Breach 40

Data Breach Breach Identity Theft Phishing 40

PYMNTS

MARCH 12, 2018

By not disclosing the fissure in its cybersecurity defenses sooner, the company increased the risk of identity theft for those who were impacted — not to mention the countless customers who had to freeze their credit and spend money on monitoring and protection services.

Breach 40

Breach Identity Theft Data Breach Cybersecurity 40

PYMNTS

JUNE 6, 2016

According to Krebs on Security , last week, several identity theft protection companies incorrectly named Dropbox as the source of a data breach that compromised nearly 73 million usernames and passwords. Regardless of the source, this is compromised data that belongs to them.”.

Data Breach 42

Data Breach Breach Identity Theft Compromise 42