PYMNTS

AUGUST 16, 2019

did not have basic cybersecurity safeguards while it ran a service powered by artificial intelligence (AI) on the carrier’s website last year and in 2017, The Wall Street Journal reported. The suit claims that [24]7 waited over five months to tell the airline about the breach instead of immediately informing it. Delta Airlines Inc.

Data Breach 84

Data Breach Breach Multifactor Authentication Credential 84

PYMNTS

JULY 24, 2020

“We are not aware of any data breach at this time,” an Instacart spokesperson told BuzzFeed News. “We We take data protection and privacy very seriously. Outside of the Instacart platform, attackers may target individuals using phishing or credential stuffing techniques. Instacart said that had never happened.

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Data Breach Breach Phishing Duplicate 86

VISTA InfoSec

JUNE 3, 2024

The Importance of a Strong Password Policy A strong password policy is a cornerstone of any cybersecurity strategy. According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords. SAMA compliance: Saudi Arabian Monetary Authority regulations for cybersecurity.

MFA 130

MFA Credential PCI DSS Compliance 130

FICO

OCTOBER 10, 2016

Those affected were neither informed nor allowed to try to remediate any exposure through changing passwords or other security credentials for two years. This prompted some pretty hot responses about the General Data Protection Regulation and its suitability as a framework within which data breaches should be managed.

Crime 83

Crime Cybersecurity Breach Data Breach 83

VISTA InfoSec

JUNE 27, 2024

In a recent development that has raised concerns across the education sector, Los Angeles Unified School District (LAUSD) has confirmed a significant data breach involving student information. Conclusion The ramifications of this breach extend beyond immediate security concerns. 5 / 5 ( 1 vote )

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FBI Breach MFA Cybersecurity 130

PYMNTS

OCTOBER 12, 2018

FitMetrix , a fitness technology and performance tracking company owned by MINDBODY , has suffered a data breach that could impact 113.5 Bob Diachenko, Hacken ’s director of cyber risk research, revealed the breach was caused by several servers that were left without a password. million users.

Data Breach 67

Data Breach Breach Database Credential 67

CB Insights

MARCH 27, 2019

Cybersecurity is a hot topic today. Already this year, at least 30 organizations — including coffee chain Dunkin’ and cloud provider Rubrik — experienced major data breaches. Future of Cybersecurity: Trends & Startups To Watch. Future of Cybersecurity: Trends & Startups To Watch.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

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Data Breach Best Practices Breach Phishing 52

PYMNTS

DECEMBER 22, 2016

Corporates large and small are “naïve” about their cybersecurity risks, according to a new report. That’s despite 80 percent of CEOs expressing confidence in existing cybersecurity strategies. Meanwhile, 20 percent cited a lost device for the cause of a breach. companies’ cybersecurity measures.

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Cybersecurity Research Phishing Breach 68

FICO

DECEMBER 18, 2017

That 1849 quip from Jean-Baptiste Alphonse Karr somehow seems fitting for today’s cybersecurity industry. In 2017 we saw massive change in the speed, creativity and magnitude of attacks — yet the industry plodded along on important issues such as timely data breach disclosures. Sure, it’s difficult.

Cybersecurity 73

Cybersecurity Authentication Credential Ubiquitous 73

Fintech News

JUNE 10, 2024

The Cyber Security Agency of Singapore (CSA), the Singapore Police Force (SPF) , and the Personal Data Protection Commission (PDPC) have issued a warning to organisations about the Akira ransomware variant, which has been targeting businesses across various sectors. Employee education plays a critical role in cybersecurity.

Ransomware 104

Ransomware Authorization Phishing Cybersecurity 104

The Fintech Times

JULY 30, 2024

The cost of data breaches has been on a steady incline for the past decade. However, evidence from IBM , a multinational tech firm, suggests that in the next 10 years, breaches could cost a lot more as we just experienced the highest year-on-year jump in cyber attacks (10 per cent).

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Data Breach Breach AI Law Enforcement 59

PYMNTS

JUNE 6, 2016

Reports of data breaches and cyberattacks are serious, but what happens when those claims are untrue? 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.

Data Breach 42

Data Breach Breach Identity Theft Compromise 42

PYMNTS

JANUARY 27, 2020

Businesses have good reason to be concerned about data breaches. Cybercriminals’ accomplishments come at the expense of targeted businesses, with a recent study finding that individual data breaches cost firms around the globe an average of $3.92 million in 2019 — a 1.5 percent increase from 2018. Fighting the Phishers.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

PYMNTS

JUNE 28, 2016

It was reported that the login credentials of more than 32 million Twitter users were compromised. According to LeakedSource, which indexes hacked credentials from data breaches, the credentials are being traded on the dark web for about 10 bitcoin a pop, or a little under $6,000.

Data Breach 40

Data Breach Breach Credential Phishing 40

Fintech News

JANUARY 17, 2024

Companies in the region report a 28 percent rise in cyber threats, highlighting the urgent need for robust cybersecurity measures. Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022.

Deepfake 122

Deepfake APACS Scams Authentication 122

PYMNTS

NOVEMBER 25, 2016

To combat this, hackers are looking to gain access to sensitive information by taking a much easier route: using legitimate credentials to go right inside. The bad guys realize that we’re getting better at locking the doors, so they have to go after the keys, and really, that’s what those user credentials are.”.

Cybersecurity 76

Cybersecurity Credential Security Ransomware 76

PYMNTS

NOVEMBER 7, 2019

At least 12 Capital One cybersecurity employees have exited since the breach due to security issues left hanging by Johnson and other executives, sources told the WSJ. Capital One employees raised red flags over security risks before the company suffered a massive data breach. Johnson served as CISO since 2017.

Data Breach 40

Data Breach Breach Security FBI 40

PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. Banks were expected to boost their cybersecurity budgets by 15 percent in 2020 compared to previous years, spending an average of $3,000 per employee on such upgrades.

Credential 94

Credential Data Breach Phishing Cybersecurity 94

PYMNTS

AUGUST 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. We’ve invested heavily in cybersecurity and will continue to do so,” said a bank spokeswoman. The documents said Thompson accessed the data through a “misconfiguration” of a firewall on a web application.

Caps 67

Caps Security Cybersecurity Breach 67

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. But all the money in the world to secure an organization’s back office won’t necessarily help safeguard all company data. million business email compromise scam.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

FICO

AUGUST 21, 2017

But unfortunately, many of the things that keep executives awake at night, such as the cybersecurity risk of their extended enterprise, have been impossible to measure, let alone manage, at least until now. Data breaches and malware attacks are the hurricanes and earthquakes of the rapidly growing cybersecurity insurance industry.

Cybersecurity 49

Cybersecurity Risk Breach Data Breach 49

PYMNTS

JULY 9, 2018

Timehop , the mobile app that gathers photos from social media, disclosed on Monday (July 9) that it was the subject of a data breach. In a blog post, the company said that on July 4 it experienced a network intrusion that led to a breach of some of its customers’ data.

Data Breach 40

Data Breach Breach Multifactor Authentication Credential 40

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. More than 90 percent of Americans have fallen victim to online scams, data breaches, identity theft or other forms of fraud, though certain varieties are more common than others.

Phishing 64

Phishing Data Breach Breach Scams 64

PYMNTS

JULY 24, 2020

Instead, Instacart said hackers used credential stuffing, a practice in which usernames and passwords stolen from other sites are used to hack into other accounts. “It Sellers were offering data from what could have been 278,531 accounts, although some may have been duplicates or fake. Instacart denied it happened. “We

Accounts 75

Accounts Compromise Data Breach Phishing 75

PYMNTS

JUNE 23, 2016

The impact from a data breach on an enterprise can be a mixed bag. For some, like small suppliers, a compromise of sensitive data and credentials can lead to a few hundred or thousand dollars fraudulently obtained from a business client, often via the Business Email Compromise scam. 2013, resulting in $3.1 ”

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 40

PYMNTS

SEPTEMBER 30, 2016

Either way, these sayings aren’t so encouraging when it comes to cybersecurity. You don’t have to look far to see security flaws leading to massive data breaches. It’s believed that the data was actually compromised in late 2014 but that Yahoo CEO Marissa Mayer was not quick to disclose the information.

Security 76

Security Breach Data Breach Cybersecurity 76

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. Overall, thanks to the rise in data breaches, merchants and FIs alike are dealing with a steep increase in fraud. Fraud is rampant and thriving.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

PYMNTS

OCTOBER 14, 2016

According to a report from cybersecurity firm Symantec, the attack mirrors tactics used by the unidentified group that orchestrated an $81 million hack of Bangladesh’s central bank earlier this year. The payment system of handbag company Vera Bradley may have been compromised by a massive data breach last month. and Ukraine.

SWIFT 75

SWIFT Compromise Cybersecurity Data Breach 75

PYMNTS

AUGUST 31, 2017

NBC News reported that the data breach occurred because spammers neglected to secure their servers, allowing the information to be accessed and downloaded without credentials. That data appeared for sale on the dark web in May 2016.

Data Breach 51

Data Breach Breach Addressing Cybersecurity 51

PYMNTS

APRIL 9, 2018

The high-profile data breach that hit Saks and Lord & Taylor was already eclipsed just days later when news of possible similar attacks at Best Buy, Delta and others hit headlines. last December pegged global spending on cybersecurity by corporates will hit $96.3 Estimates from Gartner, Inc.

Data Breach 49

Data Breach Breach Cybersecurity Phishing 49

PYMNTS

MAY 29, 2019

Its designer, Guo O Dong, describes himself as a “contemporary internet artist,” and he created the artwork with cybersecurity company Deep Instinct , which provided the malware and supervised the work so it was created in a safe environment. The laptop is a 2008 Samsung NC10-14GB 10.2-Inch Inch Blue Netbook running Windows XP.

Data Breach 51

Data Breach Cybersecurity Breach Ransomware 51

PYMNTS

OCTOBER 28, 2019

UniCredit has revealed a data breach that leaked information belonging to three million customers from Italy, Reuters reported on Monday (Oct. The data leak did not include any financial information or the credentials required to access client accounts. billion) on cybersecurity enhancements. billion ($2.7

Data Breach 40

Data Breach Breach Cybersecurity Credential 40

PYMNTS

DECEMBER 12, 2018

Dunkin’ Donuts (soon to be simply Dunkin’) recently learned of some holes in its cybersecurity operations. Companies like Dunkin’ are not the only victims of a data breach, of course. The company notified its DD Perks rewards account holders that their information might have been compromised by a hacker.

Data Breach 66

Data Breach Payments Faster Payments Breach 66

Finovate

JUNE 10, 2024

Austin, Texas-based cybersecurity firm SpyCloud has raised $35 million in funding. In a round led by CIBC Innovation Banking, Texas-based cybersecurity company SpyCloud has secured $35 million in growth funding. SpyCloud won Best of Show in its Finovate debut at FinovateFall 2017 in New York. SpyCloud recaptured nearly 1.8

Account Takeovers 59

Account Takeovers Credential Cybersecurity Breach 59

Clearly Payments

JANUARY 8, 2024

Merchants must familiarize themselves with the diverse risks associated with payment processing, encompassing fraud, chargebacks, and cybersecurity threats. Security, Compliance, and Regulatory Risk: Cybersecurity risk involves the threat of data breaches and unauthorized access to sensitive payment information.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

JUNE 13, 2019

But recent cybersecurity and fraud incidents connected to Amazon could serve as warnings to the B2B commerce ecosystem: If Amazon can fall victim to a hack, anyone can. It’s only the latest cybersecurity headache for Amazon. into their own personal accounts, reports said.

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B2B Phishing Cybersecurity Data Breach 55