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.

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Payment Security Security Identity Theft Compromise 81

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

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PYMNTS

APRIL 7, 2017

But these agreements also tend to inflame the debate over data privacy. Companies like Finicity are striking data-sharing deals in a market climate wrought with data breaches and fraud, too: Earlier this year, the Identity Theft Resource Center and CyberScout found that data breaches in the U.S.

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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.

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Identity Theft Compromise Data Breach Breach 40

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.”.

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Accounts Identity Theft NOV Compromise 68

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.

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Clearly Payments

MARCH 22, 2024

This means that even if a transaction is compromised, the actual card details remain secure. Biometric authentication, such as fingerprint or facial recognition, is increasingly used to verify the identity of the user, adding a personal layer of security to the transaction process.

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PYMNTS

MARCH 12, 2018

Following the incident, Yahoo faced criticism that it was too slow to alert customers to the breach in data privacy that spanned three years, from 2013 to 2016. Initially, Yahoo only revealed that 1 billion accounts had been compromised.

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PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. 2013 had compromised even more user data.

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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.

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PYMNTS

JUNE 1, 2016

We’ve built a lot of privacy enhancing technologies that allow us to let companies share information without actually flying the data around,” Cook explained. The company’s Compromised Identity Exchange was launched two weeks ago at the request of a large bank that had customer records compromised.

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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,

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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.

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PYMNTS

JUNE 27, 2016

Reuters reported late last week that Peter Locsin, of Talisay City, Philippines, is believed to be behind a cybercrime scheme to compromise the accounts of several well-known individuals at three financial institutions.

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Payments Data Identity Theft Wire Transfer Compromise 40

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.

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PYMNTS

AUGUST 21, 2018

He said, “As an individual, you have to assume your data is already compromised,” so much so that all identity proofing solutions that rely on static knowledge about a person have been rendered invalid. As Pointner said, “There is not enough understanding yet about how tough it can get when, really, someone compromises your data.”.

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PYMNTS

FEBRUARY 6, 2018

He noted that in all the news reports detailing the ravages of identity theft, one thing is notably missing: A list of free services – from the government and elsewhere – that can help individuals monitor whether they have been compromised and how to protect themselves. Data Point Number Two: 15.4 million Hours.

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PYMNTS

NOVEMBER 6, 2017

After all, your very name, address, telephone number, maiden name and so on are all ticking time bombs, putting you at risk for identity theft. If the SSN and all manner of traditional identifiers have been compromised and are floating around the dark web, biometrics is the cure-all. Biometrics May Not Be the Panacea.

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