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Data Breaches 101: What They Are And How To Prevent Them

VISTA InfoSec

Virtually every industry faces data breach risks today as sensitive information gets digitized and networked across cloud platforms. But some data types see higher breach rates than others. For customers exposed to breaches, identity theft risks skyrocket, leading to bank/credit card fraud plus medical/tax/employment fraud.

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What to Know About Tokenization

Basis Theory

Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers. Both are used to mask sensitive payment data, but they do this in different ways and via different partners. credit card or social security numbers).

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What Is Data Tokenization and How Does It Work?

Stax

Payment tokenization is a subset of data tokenization where tokens replace confidential payment data such as customer credit card information. With payment tokenization, the actual credit card data isn’t stored thereby making digital payment transactions more secure.

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Hacker Tracker: Yahoo In Hot Water, Selfie Security Risks, US Data Breaches Surge

PYMNTS

It’s shocking that a company of Yahoo’s size and long history could fall prey to such attacks and that there were no countermeasures, such as data encryption, in place to prevent them.”. Social Security numbers were exposed in more than half of all breaches last year. million combined cards in health care.

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ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire

Stax

You can schedule the monthly mortgage payment through your bank on a set schedule instead of manually logging into your lender’s online portal, using your credit card, or sending a check by mail every time a payment is due. They are regulated and protected by various financial industry standards and government regulations.

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Securing Financial Transactions: Best Practices Amidst Cyberattacks on Payment Processors

Segpay

Invest in Network Infrastructure Here, you can adopt several strategies: Secure communication protocols Data encryption Regular penetration checking and a vulnerability assessment An incident response plan These strategies don’t come cheap but are necessary for financial services cybersecurity. Check on your accounts.

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How To Prevent Data Breaches: 15 Best Practices

EBizCharge

An incident is only considered a data breach if the confidentiality of data is compromised. Sensitive or confidential data can include customer data records, bank account numbers, Social Security numbers, healthcare information, intellectual property, etc.