PYMNTS

MARCH 18, 2019

If headlines are any indication, data breaches have made off with consumers’ most sensitive bits of information, such as Social Security numbers, credit card info and bank details. At times, lots of people make money off that same deluge of information — that is, except the consumer, said SRAX CEO Chris Miglino.

Consumer 77

Consumer Blockchain Accounts Data Breach 77

Fi911

JULY 8, 2024

The intent is to use stolen money, personal information, or both, to take advantage of both consumers and businesses. Fraudsters exploit vulnerabilities in online payment systems and often use stolen credit card information or create fake accounts to make unauthorized purchases.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

VISTA InfoSec

JULY 5, 2023

Personal health data, a compilation of information related to a patient such as their Names , Birthdates , Social Security Numbers , and other medical record data , is used to identify their medical history and records stored in a database. is the most up-to-date set of guidelines for protecting credit card data.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

PYMNTS

SEPTEMBER 11, 2017

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. consumers and potentially compromised the credit card numbers of approximately 209,000 people. consumers, putting them at risk of identity theft.

Database 66

Database Breach Identity Theft Data Breach 66

PYMNTS

JUNE 5, 2019

In a Securities and Exchange Commission filing, LabCorp. said its billing vendor , American Medical Collection Agency (AMCA), is currently in the process of sending notices to about 200,000 LabCorp consumers whose credit card or bank account information may have been accessed in the breach.

Breach 53

Breach Data Breach Social Security Credit Cards 53

PYMNTS

NOVEMBER 16, 2020

It takes consumer data to make PIX work. Keys can be the user's social security number, mobile phone number, or email address, providing a level of security and identification above the SITRAF rails. He said existing instruments will have to live together to allow consumers to decide what works best for them.

Real Time Payments 131

Real Time Payments Wire Transfer Push-to-Card Credit Cards 131

PYMNTS

JANUARY 26, 2021

Retailers need to keep up to date on how consumers’ payment preferences are changing to remain appealing and drive revenues. Being able to select compelling credit or deferred payment options with straightforward fee structures when checking out with merchants could help more consumers feel secure in making the decision to buy. .

BNPL 58

BNPL Credit Cards Point-of-Sale (POS) Payments 58

PYMNTS

DECEMBER 23, 2019

Starting with one or two pieces of real information (a Social Security number is always one of them, sometimes paired with a real name), fraudsters take their time to slowly nurture a fake credit profile until it has a good enough record to make a big strike. It is often a big strike.

Social Security 52

Social Security Identity Theft Wire Transfer Security 52

PYMNTS

JULY 15, 2020

Hospitals and healthcare professionals are adjusting their operations to care for a growing number of patients infected with COVID-19 and mitigate the spread of contagion,” the Tracker states, “but they are also improvising ways to remotely deliver services to meet consumers’ skyrocketing demands for digital healthcare options.

Data Breach 58

Data Breach CCPA Social Security Breach 58

PYMNTS

JULY 28, 2020

Traditional fraud-fighting methods can fail to detect this subtle form of deception, in which criminals cobble together details from numerous consumers to create unique identities. Cybercriminals often use these identities to set up bank accounts and apply for credit cards and loans. billion from the nation’s consumers in 2018.

Online and Mobile Banking 53

Online and Mobile Banking Social Security Identity Theft Fraud Detection 53

PYMNTS

AUGUST 11, 2020

“While there’s a lot we don’t know, we do know a few things about what scammers do when this kind of uncertainty is in the headlines,” wrote by Jennifer Leach, associate director of FTC’s Division of Consumer and Business Education, on the agency’s blog. Consumers who spot a scam should contact the FTC at ftc.gov/complaint.

FTC 69

FTC Federal Trade Commission Scams Direct Deposit 69

PYMNTS

MAY 31, 2018

It makes sense, as the regulation adds strict new standards around these actions – and particularly around consumers’ rights to control their own data, even going so far as to request its total erasure from an organization’s system. The internet, said Kilb, is littered with personal data that was supposedly secured by encryption.

ATM 43

ATM Consumer Data Breach Credential 43

PYMNTS

FEBRUARY 22, 2018

Hackers who used to amuse themselves stealing credit cards have raised the level of their identity theft game such that 2017 was a record year — 16.7 Al Pascual, Javelin’s research director and head of fraud and security, expects 2018 to be another record year. Who says you can’t teach an old criminal new tricks?

Identity Theft 56

Identity Theft Account Takeovers Push-to-Card Social Security 56

PYMNTS

MAY 5, 2020

In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction. Interacting With The Cardmember.

Fraud Detection 78

Fraud Detection Online and Mobile Banking Scams Issuers 78

PYMNTS

JANUARY 8, 2021

At a time of huge digital transformation when consumers have quicker access to more products and services than ever, why be clunky if you can be seamless? Serving Consumers, Helping Businesses. If you stopped paying a credit card bill or stopped paying your installment loans, your credit obviously is impacted adversely.

BNPL 106

BNPL Credit Cards Returns Social Security 106

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. Madhu agreed, emphasizing Apple Pay’s higher-than-average fraud rates on credit cards. In multi-pronged attacks, he said, fraudsters can target bank call centers, provisioning stolen cards in their wallets.

Security 43

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

PYMNTS

FEBRUARY 10, 2020

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 15 that hackers stole customer names, credit card numbers and other personal information. The CCPA is intended to give consumers control over their personal information online. Except when it’s a lawsuit.

CCPA 62

CCPA Laws Privacy Data Breach 62

PYMNTS

DECEMBER 17, 2018

Several consumers noted that they didn’t have the app installed, but their credit cards were billed for purchases they never made. Japan and Paytm, the India digital payments company, said it would make changes to the app and urged users to contact the credit card companies directly to report the charges.

Security 63

Security Credit Cards Settlement Payments 63

Finovate

JANUARY 2, 2024

Consumers will have the option to pay back their purchases in monthly installments spanning three months to 24 months. Shoppers that opt to use BNPL to pay for their purchase will need to use their phone to log into Affirm’s mobile app or website and enter credentials, including the last four digits of their social security number.

BNPL 52

BNPL Social Security Credential Credit Cards 52

Innovative Payments Association

JUNE 26, 2024

Monitor Accounts: Regularly monitor your bank and credit card statements for any unauthorized transactions. Be Aware of the Different Types of Scams Phishing Scams: Seniors may receive emails or phone calls pretending to be from their bank, asking for sensitive information like passwords or social security numbers.

Scams 52

Scams Federal Trade Commission Identity Theft Law Enforcement 52

PYMNTS

FEBRUARY 10, 2020

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 15 that hackers stole customer names, credit card numbers and other personal information. The CCPA is intended to give consumers control over their personal information online. Except when it’s a lawsuit.

CCPA 52

CCPA Laws Privacy Data Breach 52

PYMNTS

SEPTEMBER 13, 2017

Last week , Equifax disclosed a data breach that could impact 143 million consumers. The information includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers, though the company also reported U.S. 209,000 | Credit card numbers possibly gathered by Equifax hackers.

Data Breach 53

Data Breach Breach Disputes Social Security 53

PYMNTS

DECEMBER 16, 2018

Underwood said all five companies had mobile apps that had a well-known security vulnerability that enabled hackers to intercept private data including passwords, social security numbers, credit card account numbers and bank account information.

Security 55

Security Identity Theft Settlement Encryption 55

PYMNTS

JUNE 24, 2020

Aided by the dark web, where data is for sale, spanning medical records to credit card numbers, the bad guys can ply their trade, cobbling together synthetic IDs or using brute force credit card attacks. But time is of the essence for FIs seeking to meet consumers as they jump into uncharted waters.

Online and Mobile Banking 104

Online and Mobile Banking Contactless Payments Authentication Credit Cards 104

PYMNTS

DECEMBER 7, 2020

But the consumer doesn't even know [banks] haven't asked for location. The consumer is conditioned to think that they have because every other app does.”. I think [consumers] recognize that if location is not being asked for or provided, then that app is inherently not as secure as it could be,” he said. A Rude Awakening.

Risk 93

Risk Online and Mobile Banking Security Social Security 93

PYMNTS

JULY 4, 2018

The news comes almost a year after Equifax announced that it had experienced the cybersecurity incident that may have impacted approximately 143 million consumers in the U.S., as well as the credit card numbers of approximately 209,000 people. website application vulnerability to gain access to certain files.

Cybersecurity 76

Cybersecurity Data Breach Breach Disputes 76

PYMNTS

AUGUST 27, 2018

The scan seeks to find if a child’s Social Security number (SSN) matches an Experian credit file. If a credit file is found, the company’s fraud resolution team will seek to guide parents or guardians through their next steps. “A 1) as Child Identity Theft Awareness Day, the company said in an announcement.

Identity Theft 40

Identity Theft Social Security Consumer Protection Credit Cards 40

PYMNTS

FEBRUARY 6, 2018

Perhaps the last and best hope in the battle against ID fraud – the kind that brings ruin to credit reports and billions of dollars in losses to card companies and merchants. As consumers, what do we need to do to start to be diligent in protecting ourselves?” We need to take a stand to help with the monitoring of credit.”

Identity Theft 48

Identity Theft Social Security Addressing Consumer 48

Segpay

JUNE 13, 2024

million is a constant reminder of why secure online payments are a priority for businesses and consumers who bank on online payments. This underscores why businesses must implement robust cybersecurity measures to guarantee secured transactions in this digital landscape. Target’s 2017 multistate settlement of $18.5

Best Practices 40

Best Practices Processors Transactions Security 40

PYMNTS

MARCH 1, 2019

But some criminals are going a step further – essentially pretending to be legitimate consumers. It even comes down to the use of consumers’ phone numbers and children’s Social Security numbers. So are the fraud defenses deployed by merchants, payment service providers and financial institutions. Synthetic Fraud Process.

Social Security 60

Social Security Fraud Prevention Crime Fraud Detection 60

PYMNTS

JULY 24, 2020

This is a particularly subtle and nefarious kind of attack, in which bad actors create fake identities using real details stolen from different consumers. Criminals can then use these identities to open bank and credit union accounts, secure loans and ultimately vanish without ever repaying.

Credit Union 73

Credit Union Federal Reserve Crime Authentication 73

PYMNTS

JUNE 29, 2018

consumers and 110 million business contacts. 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. ”

Data Breach 50

Data Breach Breach Database Credit Cards 50

FICO

JULY 7, 2020

Earlier this year, many received a text message they thought was from FedEx , but instead came from bad actors directing recipients to enter credit card information, which lead to being billed $98.95 Monitor your credit report and consider freezing your credit. Check your credit report for any unfamiliar activity.

Scams 97

Scams Smishing Phishing IRS 97

FICO

MARCH 8, 2021

Filing early will reduce the chances that a financial criminal will use stolen personal information (your name and Social Security Number [SSN] or Tax Identification Number [TIN]) to file a fraudulent tax return first, snatching, literally, a refund out of your hands. Don’t share your Social Security Number.

Tax Refunds 52

Tax Refunds Identity Theft IRS Federal Trade Commission 52

PYMNTS

DECEMBER 31, 2018

While some say consumers rediscovered department store shopping in 2018, the same could also be said of cybercriminals — at least, at two big ones. Retailer Hudson’s Bay got story started in early April with the disclosure that Saks Fifth Avenue and Lord & Taylor stores in North America had their payment cards compromised.

Data Breach 92

Data Breach Breach Database Compromise 92

PYMNTS

SEPTEMBER 18, 2017

The stolen data included Social Security numbers, birth dates and other personal information. According to the report, given the fact that hackers presumably got Social Security numbers, birthdates and addresses, they can go after those people that have larger bank accounts, more lines of credits and greater assets.

Breach 66

Breach Risk Federal Trade Commission Data Breach 66

PYMNTS

JUNE 22, 2020

And for the customers, there’s the rabbit hole of trying to prove that the bad guys co-opted their names, social security numbers and other data. Against that backdrop, FIs must walk a tightrope, balancing customer security with the customer experience, minimizing onboarding friction while meeting regulatory requirements.

Identity Theft 77

Identity Theft Database Account Takeovers Issuers 77