VISTA InfoSec

JUNE 21, 2023

Not sure where to start if you notice a data breach? Here are seven essential steps to follow Becoming aware that your company has suffered a data breach can be unsettling. Identifying and Containing the Damage Once you have been made aware of a data breach, the first step is to identify and contain the damage.

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Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

FEBRUARY 1, 2021

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. 19 percent fewer data breaches occurred in the U.S. Canada, Australia and Europe, reports said.

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Data Breach Breach Business Email Compromise Scams 136

VISTA InfoSec

JUNE 18, 2024

As cyber threats evolve, safeguarding your organization’s data has become an utmost priority. Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching.

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Data Security Security Encryption Cybersecurity 266

Fintech News

NOVEMBER 24, 2024

Finastra, a major financial software provider that serves many of the world’s leading banks, is grappling with a data breach. The company confirmed the incident to TechCrunch following a hacker’s claim of compromising Finastra ‘s internal file-transfer platform and subsequent attempts to sell the stolen data.

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Breach Compromise Data Breach Credential 114

VISTA InfoSec

APRIL 12, 2024

Cybersecurity is vital in today’s fast-paced digital world, where keeping your private information safe is as crucial as the technology itself. Dive into the mechanisms of proxies to fully understand how they strengthen cybersecurity defenses. Proxies are key players in this arena, not just for the tech-savvy but for everyone online.

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Cybersecurity Best Practices Encryption Privacy 130

PYMNTS

NOVEMBER 3, 2020

One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. Folksam said it had accidentally allowed big tech companies to access customers’ private data, Bloomberg reported. elections or fraudsters looking to take advantage of the pandemic’s eCommerce trends.

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Data Breach Breach Cybersecurity NOV 102

The Fintech Times

DECEMBER 18, 2023

Today, we bring you insights from industry leaders regarding the changing dynamics of cybersecurity threats and trends in 2024. “A never-ending stream of data breaches combined with highly sophisticated and technical attacks means the stolen personal information available on the dark web is continuously replenished.

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Cybersecurity Ransomware RDC Credential 139

Fintech Review

JANUARY 21, 2025

Cybersecurity has become a critical challenge, and artificial intelligence (AI) is emerging as a transformative solution. We explore the role of AI in enhancing cybersecurity within fintech, highlighting its capabilities, limitations, and potential future applications. The use of customer data for AI training raises privacy concerns.

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Cybersecurity FinTech Identity Theft AI 103

PYMNTS

JULY 24, 2020

There were sellers offering data from what could have been 278,531 accounts, although some may have been duplicates or fake, the report noted. “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.

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Data Breach Breach Phishing Duplicate 86

PYMNTS

NOVEMBER 24, 2019

A recent data breach exposed the personal data of more than 1 million prepaid T-Mobile customers, reports said on Friday (Nov. The information exposed did not include any financial information, social security numbers or password data. The company found that in 2018, breaches cost a company $1.23

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Data Breach Breach Social Security Risk 81

The Fintech Times

JUNE 3, 2024

Using the world’s largest proprietary risk and threat intelligence dataset, SecurityScorecard , the cybersecurity analyser, studied cybersecurity breaches across the UK’s 100 largest companies by market capitalisation, releasing a comprehensive analysis of the landscape of the FTSE 100 in the UK.

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Third Party Vendors Cybersecurity Breach Risk Management 111

TechCrunch Fintech

NOVEMBER 20, 2024

An incident disclosure shared with Finastra's banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved. For personal use only.

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Data Breach Breach FinTech Cybersecurity 123

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.

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Data Breach Breach Multifactor Authentication Credential 84

PYMNTS

SEPTEMBER 21, 2019

As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. 149,000: the average cost of a data breach for a small-to-medium sized business , according to AppRiver.

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Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

NOVEMBER 15, 2018

15) the results of the third annual Ponemon Institute’s “Data Risk in the Third-Party Ecosystem” study, which found that 59 percent of companies surveyed said they have experienced a data breach caused by their vendors or third parties. Opus said that in the U.S., Opus said that in the U.S.,

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Data Breach Breach Risk Risk Management 78

FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

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Data Breach Breach Cybersecurity Risk 70

VISTA InfoSec

APRIL 5, 2024

The following are some of the consequences when data privacy and security are compromised: Productivity loss. Operational interruption happens when cybersecurity is breached. Data breaches don’t easily get overlooked. Tainted reputation.

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Best Practices Business Continuity Continuity Compromise 278

PYMNTS

MARCH 7, 2019

Senate Homeland Security and Governmental Affairs Subcommittee on Investigations, executives from Equifax and Marriott were called out on their companies’ recent data breaches , while other witnesses helped describe the current landscape when it comes to online privacy and data security. During a hearing for the U.S.

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Data Breach Breach Privacy Federal Trade Commission 71

PYMNTS

DECEMBER 16, 2018

According to the report citing the Irish Data Protection Commission, Facebook is under investigation by the regulator over allegations it failed to protect the privacy of its users. It confirmed to CNN late last week that it started a “statutory” inquiry into the social media giant after it received several reports of data breaches.

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Data Breach Breach Regulations Privacy 80

PYMNTS

APRIL 12, 2019

Nearly one year since GDPR came into effect, there remain uncertainties about issues like accountability in cases of data breaches at data sharing partners. Clearly, the threat of a data breach remains strong, and Norton warned it will persist as other jurisdictions begin to implement their own data protection rules.

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Cybersecurity Data Breach Breach Legal Framework 77

Bank Automation

FEBRUARY 15, 2024

Financial institutions prioritize investment in cybersecurity technology but no matter how much they spend for protection, their systems and data remain vulnerable. “You could never say any organization is 100% secure and they’ll never be hacked,” Ray Kelly, fellow at cybersecurity company Synopsys Software Integrity Group, told Bank Automation News, (..)

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Data Breach Breach Security Cybersecurity 84

Fintech Review

JANUARY 30, 2025

Since January 2024, this regulatory framework has been preparing (and now requires) participants in the financial services market to be more reliable in cybersecurity. trillion, and the annual IBM Cost of Data Breach Report claims that one such penetration “costs” the affected business around $4.45

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Regulations Risk Management Participant Cybersecurity 98

PYMNTS

JULY 4, 2018

Following the massive data breach at Equifax last year, the cybersecurity sector has flourished – and so have some of the investments that track the industry. Beyond the fund, shares in companies such as Fortinet have risen astronomically: That company’s stock, for example, has jumped 66 percent since the Equifax breach.

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Cybersecurity Data Breach Breach Social Security 76

PYMNTS

JUNE 13, 2019

Cybersecurity is one of the main tasks in the world of digital commerce and payments, and it’s a task that is getting more attention from consumers, companies, regulators and others. Synack was started about six and a half years ago, he said, with its founders all having cybersecurity experience at the federal government level.

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Cybersecurity Data Breach Consulting Governance 86

PYMNTS

OCTOBER 1, 2018

A new survey from Bank of America shines a spotlight on the increasing concerns — and increasing costs — of data breaches. According to the bank, 22 percent of consumers who have already had their personal or bank information stolen by a data breach said they would not shop at a small business that had fallen victim to a data breach.

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Data Breach Small Business Breach Business Payments 72

PYMNTS

MARCH 13, 2020

Princess Cruises disclosed a potential data breach in a notice posted on its website. According to the notice, “Upon identifying this potential security issue, we engaged cybersecurity forensic experts and initiated an investigation to determine what happened, what data was affected, and who was impacted.”.

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Data Breach Breach Law Enforcement SARS 68

PYMNTS

MARCH 26, 2020

Cybersecurity insurance company Chubb , which provides aid to companies affected by data breaches, has been hit by one itself, according to a report by TechCrunch. The company said it was looking into a “security incident” that involved unauthorized access with a third-party company.

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Cybersecurity Data Breach Ransomware FBI 68

PYMNTS

APRIL 12, 2020

The notice did not say there had been any breach of company data, and it didn’t say if customers had lost anything or what the fraudulent emails had been asking for. Italian bank Monte dei Paschi was the victim of a hacking attempt, according to a notice seen by reporters recently, Reuters reported.

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Data Breach Breach Identity Theft Law Enforcement 122

PYMNTS

MAY 30, 2019

The financial impact of the data breach – which included bank account numbers, Social Security numbers, financial and tax records, and images of drivers’ licenses – is more than $5 million, according to the damages the lawsuit is seeking. The lawsuit contends that First American Financial Corp.

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Data Breach Breach Cybersecurity Social Security 59

FICO

OCTOBER 10, 2016

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. Tomorrow’s announcement of a data breach is merely a reflection of today’s risks. #GDPR - principled but impractical?”. And those risks are growing.

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Crime Cybersecurity Breach Data Breach 83

PYMNTS

OCTOBER 12, 2020

With over 5,000 cybersecurity vendors in the U.S. But that problem could be a thing of the past thanks to the launch of the world’s first B2B cybersecurity marketplace that enables buyers to easily search, compare pricing and purchase the right IT solution in one place.

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Cybersecurity B2B Email Compromise Business Email Compromise 83

PYMNTS

NOVEMBER 28, 2018

Their argument, reports in the Wall Street Journal said, is that small businesses are held to the same standards as large corporates when they suffer a data breach — even if the small business is found to not be at fault. Yet small businesses rarely have the resources to pay and survive fines of thousands or even millions of dollars.

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Small Business Cybersecurity Ransomware Compromise 78

FICO

APRIL 17, 2019

Chamber of Commerce have produced our second quarterly Assessment of Business Cybersecurity Risk — think of it as the FICO Score for the nation’s cybersecurity risk. Based on the methodology, the higher the score, the lower the likelihood that an organization will experience a data breach in the next 12 months.

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Cybersecurity Risk Data Breach Breach 66

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.

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Cybersecurity Encryption Data Breach Breach 76

PYMNTS

JANUARY 2, 2019

Online glasses retailer Warby Parker was hit by a cybersecurity attack that affected about 198,000 of its customers from late September to late November, according to reports. Warby Parker contacted law enforcement when it found out about the breach. Warby Parker said that is what happened with this breach.

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Cybersecurity Accounts Identity Theft Law Enforcement 74

PYMNTS

JULY 30, 2019

Analysts warned that local and state-level governments, much like small businesses, often lack the sophisticated cybersecurity technology required to avoid such attacks in the first place. Most recently, a string of ransomware attacks hit local government entities that ultimately decided to pay off the attackers to regain access to computers.

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Data Breach Small Business Breach Ransomware 64

PYMNTS

DECEMBER 5, 2018

After one of the largest data breaches in history, affecting an estimated 500 million guests , Marriott International Chief Financial Officer Leeny Oberg said the attack is too recent to estimate how much it will cost the company, and that it’s hard to compare attacks between other companies and Marriott, according to a report by Bloomberg.

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Data Breach Breach Credit Cards Regulations 74