The Paypers

DECEMBER 17, 2020

Money has unveiled the launch of a new tool which aims to increase cybersecurity awareness and protect users from identity theft.

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Data Breach Identity Theft Breach Cybersecurity 28

PYMNTS

JANUARY 24, 2017

According to a report highlighting findings from the Identity Theft Resource Center and CyberScout, data breaches in the U.S. The financial services industry accounted for only 52 of the breaches tracked, or 4.8 Some 64 percent of all data breaches involve identity and personal data theft.

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Data Breach Breach Identity Theft Phishing 40

FICO

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? FICO's Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle. It's estimated that half of all data breaches occur through third parties.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? FICO’s Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle. It’s estimated that half of all data breaches occur through third parties.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Risk Management 40

PYMNTS

JANUARY 25, 2017

It’s a job seeker’s market when it comes to cybersecurity expertise, according to a new report from employee-employer matching company Indeed, and Apple tops the list of best U.S. corporations seeking to fill cybersecurity roles. Indeed announced today (Jan. 25) its ranking of the 10 best U.S. hit an all-time high last year.

Cybersecurity 45

Cybersecurity Data Breach Identity Theft Federal Reserve 45

FICO

JULY 18, 2017

Data breaches are in the news on an almost daily basis and telecom companies are not immune to attack – indeed, cyber-attacks have led to the loss of almost 50 million customer records in the past 10 years. This rich data set is a honey pot for cybercriminals – particularly those using data to fuel identity theft.

Cybersecurity 45

Cybersecurity Risk Data Breach Breach 45

Segpay

FEBRUARY 21, 2024

Tokenization: Generative AI contributes to the implementation of tokenization, a technique that replaces sensitive data, such as credit card numbers, with unique tokens. These tokens are generated for each transaction, reducing the risk of data breaches. This provides digital payment methods with an additional level of security.

AI 105

AI Innovation Fraud Detection Encryption 105

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.

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Data Breach Breach Identity Theft Compromise 42

The Fintech Times

MAY 17, 2024

Overall, 68 per cent of respondents either know or suspect that they’ve been a victim of online fraud or identity theft, or that they know someone who has been affected. Finding a solution Identity verification is a key part of the solution for companies looking to secure themselves and ensure that their users are genuine.

Deepfake 69

Deepfake Identity Theft Consumer Verification 69

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

VISTA InfoSec

JULY 5, 2023

Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! million people.

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PCI DSS Compliance Data Breach Breach 130

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.

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Identity Theft Data Breach Breach Verification 63

VISTA InfoSec

SEPTEMBER 15, 2023

Data Fiduciary as per the DPDP Act 2023: Data fiduciaries bear the responsibility for adhering to the Act, even when a data processor carries out processing activities on their behalf. Report any Personal Data Breaches to both the Data Protection Board and Data Principals. Clause 8(1), DPDP Act.

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Data Breach Breach Governance Government 130

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. 2013 had compromised even more user data. “The

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Data Breach Breach Security Risk 71

Clearly Payments

MARCH 4, 2024

From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013. Estimated financial losses exceeding $200 million.

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Phishing Data Breach Law Enforcement Money Laundering 59

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

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Deepfake APACS Scams Authentication 119

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.

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Phishing Data Breach Breach Scams 64

PYMNTS

JUNE 14, 2018

Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9 million, in 2016 alone. That figure rose to 10,000 last year.

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Identity Theft Wire Transfer Crime Email Compromise 43

PYMNTS

SEPTEMBER 4, 2017

Charter said the information was removed right after it was discovered and the cybersecurity incident is being looking into. The report noted the breach was found to be linked to BroadSoft, which developed the My TWC app. In an interview with the New York Post , he said, “It’s the biggest data breach in the history of the world.”.

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Identity Theft Data Breach Breach Cybersecurity 43

PYMNTS

OCTOBER 30, 2018

Corporate cybersecurity is an ever-increasing focus of government entities, with the U.S. Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. ” Other experts have similarly raised concerns over small businesses’ inability to recover post-cyberattack.

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FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

MARCH 12, 2018

district court in San Jose, California, ruled late last week that most of a lawsuit concerning Yahoo’s data breach, which exposed 3 billion users’ personal data, can proceed. to get the claims tossed out, including allegations of negligence and breach of contract. According to news from Reuters , U.S.

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Breach Identity Theft Data Breach Cybersecurity 40

VISTA InfoSec

MAY 28, 2024

People are becoming more aware of the extent to which companies know about their lives and are concerned about how this data is used and who has access to it. Here’s what the numbers are telling us: 73% of US consumers are worried about data safety, especially the risk of identity theft and misuse of data.

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Privacy Regulations Legal AI 130

PYMNTS

JANUARY 8, 2019

Luxury department stores like Saks Fifth Avenue , for instance, are still recovering from data breaches that exposed a significant amount of customer data, while others, such as Neiman Marcus , are constantly working to upgrade their fraud protections to counter the efforts of bad actors. Around The Digital Fraud World.

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Identity Theft AI FBI Data Breach 66

PYMNTS

JANUARY 30, 2017

This week’s data digest is all about, well, data. The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. 1,093 data breaches hit entities in the U.S.

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Data Security Governance Government Data Breach 54

PYMNTS

NOVEMBER 27, 2018

She added that policymakers have designed corporate cybersecurity penalties with large enterprises in mind, with some states requiring up to $2,500 in fines for each exposed customer record, even if the business is not shown to be at fault. “They don’t have the funds to hire a person with that kind of training.”.

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Research Identity Theft Small Business Cybersecurity 75

Seon

JANUARY 29, 2024

It is also considered a form of identity theft, because it happens when someone logs into an account that isn’t theirs to exploit it. Account Takeover Fraud Prevention Preventing account takeover (ATO) fraud poses a unique risk management challenge as it requires collaboration between your business, users, and cybersecurity team.

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Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

MARCH 16, 2017

The Department of Justice bringing charges against two spies in Russia and two hackers who allegedly took part in the massive data breach that rocked Yahoo recently has now shed light on exactly how these breaches took place. This past fall, Yahoo disclosed a massive breach of user accounts that impacted 500 million people.

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FBI Breach Identity Theft Data Breach 46

PYMNTS

MARCH 6, 2017

In 2016, there were 1,093 data breaches according to the Identity Theft Resource Center – a 40% increase over the 2015 data breach number of 781. Malware and its Role in Data Breaches. Specifically the webinar will explore: The State of Payment Security.

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Data Breach Third Party Vendors Encryption Identity Theft 47

PYMNTS

MAY 4, 2020

The following Deep Dive explores the rise of certain fraud attacks and details how data analytics and advanced learning tools such as machine learning (ML) can help CUs safeguard their platforms and customers against potential threats. Rise in Phishing Attacks and Data Breaches. Some 1,473 breaches revealed 164.7

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Phishing Credit Union Breach Data Breach 56

Payment Savvy

DECEMBER 3, 2020

It’s why cybersecurity is important to all businesses, no matter the size. Cyber frauds can take place in several forms, including: Identity theft is when an attacker gets personal information about an individual and uses it to commit fraud without their consent. Understand the Different Cyber Frauds.

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Encryption Data Encryption Identity Theft Cybersecurity 52

FICO

DECEMBER 19, 2016

In the world of cybersecurity, 2016 was a banner year – and not in a good way. The good news is that businesses and consumers are also much more aware of cyber threats than they were 12 months ago, and that’s the jumping off point of my cybersecurity predictions for 2017. Consumers will care a lot more about their own cybersecurity.

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Office of the Comptroller of the Currency Cybersecurity Identity Theft Compromise 82

FICO

MARCH 6, 2017

Criminals are looking to gain financially in three main ways: Data breaches to feed identity theft. Third-party fraud is fuelled by identity theft, and breached data gives criminals the information they need to take over someone’s identity. Cyber-attacks with financial demands.

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Identity Theft Breach Data Breach Phishing 65

Stax

JULY 16, 2024

Compliance with PCI Data Security Standard regulations prevents shortcomings and vulnerabilities in payment processing, thereby reducing the risk of fraud, identity theft, and cyberattacks. TL;DR PCI DSS is a set of protocols to be followed by companies that store, process, and transmit cardholder data.

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PCI DSS Compliance Credit Cards Encryption 88

Stax

JULY 9, 2024

Data breaches that compromise consumer payment or sensitive business data, identity theft, and other forms of fraudulent transactions are all current threats of doing business—however, that is simply part of doing business in today’s digital age. What is the future of EFTs? Q: What are peer-to-peer payments?

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Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Segpay

DECEMBER 14, 2023

Data breaches and the exposure of user information can have severe financial consequences, including legal liabilities and loss of consumer trust. To safeguard their financial stability, businesses in the adult content industry must invest heavily in cybersecurity measures.

Cryptocurrency 52

Cryptocurrency Privacy Bitcoin Blockchain 52

Stax

AUGUST 22, 2024

Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. Standardize initiatives for handling transactions, data security, and incident response to help prevent errors and detect issues before they escalate.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

FICO

APRIL 16, 2019

Stopping Fraud - Identity Theft. Identity theft also remained a key priority for four-in-ten banks. Exposure is increasing in this area, given the rise in digital customer acquisition and the proliferation of compromised data from cyberattacks in APAC,” said McConaghy. “A of compromised records worldwide.

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APACS Identity Theft Compromise Blocks 40