PYMNTS

JUNE 21, 2016

Computer manufacturer Acer announced that hackers may have stolen the payment credentials of thousands of its customers. The company notes that the credentials may have been breached by a third party between the dates of May 12, 2015 and April 28, 2016. Canada and Puerto Rico, according to a letter from the company.

Compromise 42

Compromise Identity Theft Federal Trade Commission Credential 42

PYMNTS

JANUARY 27, 2017

In your wallet is a driver’s license and possibly a Social Security card. There are issuing authorities stretching from the Social Security Administration to the DMV, who, as Webster noted, may offer an analogue for the issuance of such attributes. Maybe a credit card or two. Perhaps you keep a passport in a side pocket.

Social Security 57

Social Security Online and Mobile Banking Credential Government 57

PYMNTS

MAY 22, 2020

People are one click away from a malware download or credential phishing [website]. I got an email just recently that said that my Social Security number had been frozen and to click ‘this link’ to unfreeze it.”. No single defense mechanism can protect bank customers from such a diverse array of criminal tactics, though.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

JULY 29, 2019

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. Capital One stressed that credit card account numbers and log-in credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted.

Credit Cards 46

Credit Cards Caps FBI Social Security 46

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. Fraud is rampant and thriving.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

Fi911

JULY 8, 2024

Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes. Once they have control, fraudsters can make unauthorized transactions, change account details, and steal sensitive information.

Account Takeovers 97

Account Takeovers Fraud Detection Phishing Fraud Prevention 97

PYMNTS

MARCH 13, 2020

Individuals rushing to escape danger may not have the time or presence of mind to grab birth certificates, Social Security cards and driver’s licenses, yet they may face serious problems restarting their lives without identification. The World Bank estimated that one billion people lacked formal identity documents as of 2018.

Credential 63

Credential Blockchain Authentication Privacy 63

PYMNTS

FEBRUARY 14, 2019

Kilb stated that the process marries a series of defenses against fraudsters, where credentials are part of the picture. For example, those credentials span names and Social Security numbers, the specific device that must be used in the transaction and the PIN itself.

Authentication 60

Authentication Transactions Online and Mobile Banking Credential 60

PYMNTS

AUGUST 8, 2019

The move toward new forms of ID verification comes as regulators and politicians increase their focus on data security in the wake of Equifax and other breaches. The move toward new forms of ID verification comes as regulators and politicians increase their focus on data security in the wake of Equifax and other breaches.

Security 58

Security Verification Online and Mobile Banking Breach 58

PYMNTS

SEPTEMBER 19, 2019

“We recently discovered that an unauthorized party may have gained access to certain Thinkful company credentials so, out of an abundance of caution, we are notifying all of our users,” said Erin Rosenblatt, the company’s vice president of operations, in an email to users, according to TechCrunch. “As

Data Breach 40

Data Breach Breach Request for Comment Credential 40

PYMNTS

NOVEMBER 26, 2019

Against that backdrop, bad actors are changing their strategies to gain access to users’ online bank credentials. Fraudsters, after all, are able to gather user data, such as mothers’ maiden names and Social Security numbers (and, with access to online banking, even details on recent transactions).

Real Time Payments 61

Real Time Payments Authentication Fraud Prevention Credential 61

PYMNTS

MAY 31, 2018

The right data can create a profile so precise that algorithms can immediately tell the difference between a legitimate customer and a fraudster who is holding all the right credentials to pose as the person, just by detecting behavioral attributes like cursor movements and clicking habits. Consider the Social Security number.

ATM 43

ATM Consumer Data Breach Credential 43

PYMNTS

AUGUST 2, 2019

Bad actors, she said, are perennially on the hunt for sensitive information such as Social Security numbers and birth dates — not to mention bank account numbers — that can, in combination, be leveraged to drain funds. The challenge for the banks is that they’re dealing with these stolen credentials,” Xie said.

Phishing 79

Phishing Scams IRS Request for Information 79

PYMNTS

JANUARY 4, 2020

And there is something to those particular stereotypes, since credit card numbers, passwords and Social Security numbers are all available for sale on the dark web. A few years ago, one could get an Uber credential for as little as $1 – but these days, they tend to cost north of $40. Lime Scooters .

Legal 63

Legal Bitcoin Credential Credit Cards 63

Finovate

JANUARY 2, 2024

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

PYMNTS

MARCH 18, 2020

High-tech schemes like credential stuffing and account takeover (ATOs) have become commonplace, but many fraudsters still rely on a technique that requires comparatively little technical know-how. One hacker even posed as a company’s HR department and made off with more than 20,000 company records. .

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

PYMNTS

JUNE 5, 2020

FinTechs seeking to showcase their security measures and win banks over must also demonstrate strong onboarding procedures — including KYC processes that can prevent criminals from enrolling.

Money Laundering 69

Money Laundering Security Payment APIs and Integration FinTech 69

PYMNTS

NOVEMBER 7, 2019

Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted. The breach impacted about 100 million individuals in the United States and around 6 million in Canada.

Data Breach 40

Data Breach Breach Security FBI 40

PYMNTS

JULY 27, 2020

Using real credentials lends authenticity to these schemes and allows them to elude many fraud detection systems, and cybercriminals can avoid tipping off victims by not using pilfered identities wholesale. Banks and CUs can improve on these efforts by also looking at how consumers transact online, Kelly said.

Credit Union 58

Credit Union Authentication Credential Assessments 58

PYMNTS

DECEMBER 3, 2019

Digital identities are growing more important and omnipresent in everyday life, and the need to keep them secure grows more pressing by the day. Financial information, Social Security numbers and a host of other private data is wrapped up in each person’s digital identity, making a potential data breach catastrophic.

Verification 52

Verification Authentication Breach Data Breach 52

PYMNTS

SEPTEMBER 18, 2017

The options aren’t much better, and hinge on a significant quandary: How do they know that the person for whom they are opening a new account, authorizing a transaction on a credit card or extending a line of credit is the rightful owner of the credentials they’ve produced? .

Breach 46

Breach Identity Theft Credential Authentication 46

PYMNTS

JUNE 4, 2019

Going beyond the use of phone numbers by a company such as Cognito, electronic ID verification in general can help alleviate customer impatience, a problem that can be an issue for any people or organizations trying to do business online.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

Innovative Payments Association

JUNE 26, 2024

We believe it may have been an account takeover or at the very least, someone who illegally obtained her personal credentials and instigated a couple of small financial transactions that I am sure were designed to see if it was possible to begin transferring money out of her account.

Scams 52

Scams Federal Trade Commission Identity Theft Law Enforcement 52

EBizCharge

OCTOBER 25, 2023

Sensitive or confidential data can include customer data records, bank account numbers, Social Security numbers, healthcare information, intellectual property, etc. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

SEPTEMBER 15, 2020

Remote onboarding is as great for crooks as it is for consumers – all they need is total anonymity and bogus credentials to make trouble. And while consumers don’t mind sharing email addresses, phone numbers and even Social Security numbers, they’re still getting used to the idea of biometric scans as the ultimate form of ID.

Verification 57

Verification Social Security Credential Consumer 57

PYMNTS

OCTOBER 3, 2016

The more traditional models of authentication, which typically relied on information, such as name, physical address or Social Security number, for transaction or credit decisions, don’t really scale for this digital era.

Cross-Border 76

Cross-Border Authentication Fraud Prevention Security 76

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. In an interview with Karen Webster, Zac Cohen, general manager of Trulioo , said kids’ Social Security numbers represent a relatively easy target.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

PYMNTS

APRIL 23, 2019

The company can often verify users’ names, ages and the last four digits of their Social Security numbers before requiring them to provide additional details. It turns to a KYC aggregator to help verify customers’ data by pulling credentials from several different databases.

Money Laundering 43

Money Laundering SWIFT Security Account Takeovers 43

PYMNTS

MARCH 26, 2020

Fraudsters weaponize automated bots to skim data from Axos and other financial institutions (FIs), stealing customer data such as Social Security numbers, credit card data and home addresses. “As Fraudsters typically have two options if successful: They use the stolen credentials themselves or sell them on a dark web marketplace.

Bots 56

Bots Ransomware Blocks Credential 56

PYMNTS

APRIL 30, 2019

It’s a simple, familiar credential that people have relatively little problem sharing in public — at least compared to other personal data — and which ties that person to a host of verifying documentation, including addresses, dates of birth and Social Security numbers. More than 95 percent of people in the U.S.,

Verification 64

Verification Authentication Online and Mobile Banking Law Enforcement 64

PYMNTS

AUGUST 24, 2016

Typically, this begins with hackers gaining access to stolen credentials through the types of massive data breaches that have made headlines in recent years. Whether its payment data or personally identifiable information (PII), the compromised credentials are quickly turned around and sold to fraudsters.

Credential 41

Credential Bitcoin Law Enforcement Database 41

PYMNTS

MAY 31, 2018

In addition, fraudsters are banding together to share details across the dark web , ranging from static data like Social Security numbers and login details to “best practices” with which they can get around companies’ defenses.

Online and Mobile Banking 49

Online and Mobile Banking Compromise Best Practices Social Security 49

PYMNTS

APRIL 3, 2019

It’s a simple, familiar credential that people have relatively little problem sharing in public – at least compared to other personal data – and which ties that person to a host of verifying documentation, including addresses, dates of birth and Social Security numbers.

Verification 59

Verification Money Laundering Authentication API 59

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

Clearly Payments

JANUARY 8, 2024

This includes limiting access based on job responsibilities, employing unique login credentials, and promptly revoking access for terminated employees. The breach included sensitive data such as names, Social Security numbers, birth dates, addresses, and, in some cases, driver’s license numbers.

Risk Management 97

Risk Management Risk PCI DSS Process 97

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. A recent hack against Pennsylvania-based convenience store chain Wawa exposed credit and debit card credentials issued by hundreds of local credit unions.

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

PYMNTS

SEPTEMBER 22, 2017

We currently verify credentials issued by over 200 countries, including the government IDs issued outside the U.S. These are the sites that ask you for the last four digits of your social security number, your favorite pet’s name and your place of birth. PYMNTS: How would you define your company’s approach to innovation?

Online and Mobile Banking 56

Online and Mobile Banking Verification Data Breach Breach 56