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. Potential exposed information includes Social Security numbers, bank account numbers, and transaction data for credit card customers. Want the full post?

Privacy 28

Privacy Acquirers Social Security Compromise 28

PYMNTS

DECEMBER 3, 2018

A consumer who tries to make an online purchase of eCigarettes might be asked to prove their age by — depending on the retailer — submitting a scan of their driver’s license, for instance, or entering the last four digits of their social security number, with that merchant then doing a background check. Privacy Concerns.

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Authentication Privacy Checks AI 70

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.,

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FTC Data Security Security Consumer 53

PYMNTS

JUNE 29, 2018

Security researcher Vinny Troia discovered the breach earlier this month. “The data compromised by Exactis’ breach is even more severe than financial information, such as credit card or bank account numbers. Keller is also co-lead counsel in the recent Equifax data breach class action.

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Data Breach Breach Database Credit Cards 50

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.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

APRIL 11, 2017

Reports said employee data including names, employee IDs, Social Security numbers and other information was compromised as a result. The privacy and protection of our employee data is a matter we take very seriously.”. Coupa had 652 employees as of the time the news of the data breach emerged.

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Data Breach Phishing Breach IRS 46

PYMNTS

JULY 15, 2020

With data showing that 45 percent of all 2019 data breaches — and there were a lot of them — involved medical records theft, costing healthcare providers $429 per compromised patient record or nearly $18 billion, organizations can’t be confused about their value to cyberthieves. Medical Records = Dark Web Gold.

Data Breach 58

Data Breach CCPA Social Security Breach 58

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 14, 2019

One need only scan the headlines of recent breaches to see the damage done, with hundreds of millions of individuals’ data compromised, and untold billions of dollars’ worth of financial havoc wreaked. Only As Good As The Weakest Link. Online authentication is only as good as its weakest link.

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Authentication Transactions Online and Mobile Banking Credential 60

PYMNTS

FEBRUARY 28, 2020

Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. million members and 173,000 businesses, but later admitted that its entire member base was compromised. CUs’ Tools To Secure Member Privacy .

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Credit Union CCPA Data Breach NCUA 52

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

PYMNTS

JULY 11, 2018

“We have investigated the matter thoroughly, addressed the cause and, as a precaution, have implemented additional security measures,” Macy’s said in an emailed statement. While personal data including birthdates may have been accessed, the retailer said that social security numbers were not.

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Data Breach Breach Compromise Social Security 40

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.

Payments Data 40

Payments Data Identity Theft Wire Transfer Compromise 40

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.

Identity Theft 48

Identity Theft Social Security Addressing Consumer 48

PYMNTS

AUGUST 7, 2019

The digital ID industry is devoting an immense amount of effort and capital to protecting digital identities as data breaches and privacy concerns continue to make headlines on a regular basis. Data breaches’ stakes are sky high for corporations, meaning ID security is even more important to the United States federal government.

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Multifactor Authentication Governance Government Data Breach 47

PYMNTS

MAY 31, 2018

But with the growing avenues by which consumers can be attacked, they might not be aware that their identities are being compromised until the damage is done, said Reynolds. In other words, fraudsters are trying to dupe call center agents or other staffers to change details of accounts or move money away from consumer accounts. “We

Online and Mobile Banking 49

Online and Mobile Banking Compromise Best Practices Social Security 49

PYMNTS

JULY 17, 2019

million LabCorp customers were compromised. The AMCA has advised CPL that patients’ Social Security numbers were not involved in the incident. The AMCA’s eight-month breach was first disclosed in June when news broke that 11.9 million Quest Diagnostics and UnitedHealth Group patient records were exposed. Days later, 7.7

Breach 40

Breach Data Breach Social Security Compromise 40

Stax

NOVEMBER 6, 2023

In 2022, there were 1802 instances of data compromise in America which affected 422 million people. Moreover, companies need to follow data privacy and compliance requirements to stay in business. If possible, it is best to use both tokenization and encryption in tandem to maximize data privacy and security.

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Encryption PCI DSS Data Security Origination 88

PYMNTS

SEPTEMBER 22, 2017

The Equifax breach lingers like the remnants of a bad lunch, making us all feel queasy about which data has been compromised and who just might be developing new ways to trick us out of money or privacy — now and in the future. A large number of banks and online sites still rely on knowledge-based authentication. You know the ones.

Online and Mobile Banking 56

Online and Mobile Banking Verification Data Breach Breach 56

Nanonets

JANUARY 7, 2024

It allows organizations to handle large quantities of resumes without compromising the quality of candidate screening. For example, an HR team can use Nanonets to scan resumes for any information that violates GDPR, HIPAA, or other data privacy regulations.

Rules 52

Rules Database Automation Process 52

PYMNTS

FEBRUARY 28, 2019

Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). including names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. Begor made the confession after U.S. consumers. “We

Identity Theft 77

Identity Theft Data Breach Breach Social Security 77

PYMNTS

JULY 30, 2019

“Corporations will only take Americans’ privacy seriously when CEOs are held personally accountable.”. Crapo looking at legislation on data privacy and safeguards.” . Kevin Zosiak, who lives in Stamford, Connecticut, and whose personal information was compromised in the breach, filed the suit in federal court in Washington, D.C.,

Data Breach 49

Data Breach Breach Compromise Privacy 49

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

PYMNTS

DECEMBER 11, 2017

The move comes just weeks after the revelation that ride-sharing service Uber hid a breach that compromised the data from 57 million of its customers, and that they paid hackers to destroy the stolen information. That bill would require data brokers to create privacy and security measures for notifying the public after a breach.

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Bitcoin Breach Data Breach FDIC 44