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

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

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

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 Debit Card Scams Smishing 98

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

Segpay

NOVEMBER 26, 2024

The Importance of Reliable Digital Identity Verification In a digital world, ID verification is a trust-building mechanism that protects both the user and the organization. Additionally, emerging technologies such as blockchain are being integrated into digital identity verification processes to further secure online transactions.

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Verification Identity Theft Money Laundering Due Diligence 111

Fi911

MAY 7, 2024

Consequences of Being Added to the TMF The effects of being listed on the TMF are extensive and can severely compromise a business’s operations. By taking these steps, businesses can protect themselves and ensure their ability to accept credit card payments is not compromised. The post What is the Terminated Merchant File?

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PCI DSS Processors Compromise Identity Theft 92

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

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

JUNE 21, 2016

The company also included the following warning for consumers: “If you suspect that you are a victim of identity theft or fraud, you have the right to file a police report. Federal Trade Commission to learn about steps you can take to protect yourself against identity theft.”

Compromise 42

Compromise Identity Theft Federal Trade Commission Credential 42

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

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

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

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

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 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 Wire 65

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

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.

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Verification Blockchain Privacy Encryption 105

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 117

Mobile Banking Online and Mobile Banking Identity Theft Credential 117

FICO

DECEMBER 19, 2016

In the aftermath of the compromise of 5.6 In the aftermath of the compromise of 5.6 Recovering from compromised biometric intel is very challenging indeed. Hailed as being safer than digit-based passwords, biometric security data presents explosive potential in hackers’ hands. Say hello to 2017. Follow me on Twitter @dougoclare.

Office of the Comptroller of the Currency 82

Office of the Comptroller of the Currency Cybersecurity Identity Theft Compromise 82

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

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

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

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 Returns 52

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

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

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 Identity Theft Account Takeovers Data Breach 40

PYMNTS

OCTOBER 8, 2018

For Onfido, which verifies individual identities as people wield photo-based ID documents, tackling fraud is a matter of making sure identity documents are genuine. The problem is that the data has been compromised,” said Trilli. The Trade-Offs.

Identity Theft 71

Identity Theft Verification Database Authentication 71

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

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

FICO

FEBRUARY 7, 2018

One of the new analytic techniques that is gaining favour as the fraud environment shifts to data breaches and identity theft, is identifying the common point of purchase for compromised cards. This is achieved by using analytics to link transactions that were later determined to be fraudulent.

APACS 58

APACS Identity Theft Online and Mobile Banking Credit Cards 58

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

Segpay

DECEMBER 13, 2024

However, the implementation of strong identity management systems must align with data protection regulations, so that the collection, storage, and processing of data for identification purposes does not compromise individuals’ privacy. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105

Privacy Compliance CCPA Authentication 105

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

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

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

JUNE 21, 2019

And as a precaution, Desjardins will also offer affected members a free credit monitoring plan and identity theft insurance for 12 months. The compromised data includes first and last name, date of birth, social insurance number, address, phone number, email address and details about customer banking habits and Desjardins products.

Data Breach 45

Data Breach Breach Identity Theft Law Enforcement 45