PYMNTS

MARCH 5, 2020

Telecom giant T-Mobile suffered a data breach that exposed the personal information of employees and customers to unknown hackers, according to reports. “We An investigation was immediately commenced, with assistance from leading cybersecurity forensics experts, to determine what happened and what information was affected.

Law Enforcement 105

Law Enforcement Data Breach Cybersecurity Social Security 105

PYMNTS

MARCH 6, 2018

After its point of sale (POS) systems were reportedly affected by malware designed to capture credit card information, RMH Franchise Holdings is warning that its Applebee’s restaurants in 15 states suffered a data breach. The company said all its 167 locations were impacted, Bank Info Security reported. “In

Data Breach 56

Data Breach Breach Point-of-Sale (POS) Law Enforcement 56

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.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

PYMNTS

OCTOBER 2, 2017

It was a team of cybersecurity researchers from the firm ERPScan, and not malicious hackers, who discovered that point-of-sale (POS) systems made by SAP had a gaping loophole. National Bank of Canada customers may have seen data belonging to other customers while filling out an electronic form on the bank’s website. SAP Point of Sale.

Cybersecurity 76

Cybersecurity Breach Point-of-Sale (POS) Authentication 76

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).

Data Breach 59

Data Breach Breach AI Law Enforcement 59

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?

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

JANUARY 3, 2021

The intruder or intruders did not, T-Mobile stated, have access to “names on the account, physical or email addresses, financial data, credit card information, social security numbers, tax ID, passwords, or PINs.”. “We T-Mobile previously suffered a data breach in March. T-Mobile began informing customers of the incident on Dec.

Law Enforcement 85

Law Enforcement Compromise Data Breach Phishing 85

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. “But many times, it’s literally just the shame they would feel in reporting the attack to customers and law enforcement.”

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

APRIL 9, 2020

He said British law enforcement is still investigating the crime, but declined to comment further. The attack caused Travelex to dismantle websites in 30 countries to contain viruses and protect data. “It You are one of those that’s most likely to pay up,” he said.

Law Enforcement 111

Law Enforcement Credit Cards Payer On-Demand 111

PYMNTS

DECEMBER 16, 2016

But sometime in August, a hacking collective based in Eastern Europe quietly began offering the whole database for sale, according to Andrew Komarov, chief intelligence officer at InfoArmor, an Arizona cybersecurity firm that specializes in the dark web. That hack was believed, by Yahoo, to have come from a government source.

Law Enforcement 66

Law Enforcement Database Breach Data Breach 66

PYMNTS

MARCH 2, 2016

For the last couple of years, cybersecurity has stood out as one of the strongest segments of the tech sector, but some new reports show the market may be cooling down in 2016. Last year in particular was huge for cybersecurity; in December a forecast from Gartner said worldwide spending on cybersecurity in 2015 was expected to reach $75.4

Cybersecurity 40

Cybersecurity Law Enforcement Data Breach Breach 40

PYMNTS

JULY 7, 2017

Corporate travel company Sabre suffered a cybersecurity incident, first revealed in May, and this week the firm provided an update on the situation. Our industry, like many, faces ever-increasing cybersecurity threats that require strong partnerships across the travel ecosystem.

Cybersecurity 46

Cybersecurity Law Enforcement Breach Payer 46

PYMNTS

FEBRUARY 10, 2017

Fast food chain Arby’s confirmed that credit card data was stolen from thousands of its customers due to a data breach that took place last month. Though the retailer wasn’t named at the time, PSCU said more than 355,000 credit and debit cards issued by PCSU-associated banks were compromised in the data breach.

Credit Cards 47

Credit Cards Data Breach Credit Union Service Organization Credit Union 47

PYMNTS

NOVEMBER 6, 2017

To mark this annual occasion, DHS holds a campaign to raise awareness of cybersecurity issues and to help companies and financial institutions take steps against the type of threats with consequences significantly more serious than perpetrating a Halloween prank. percent from Q2 2016 to Q2 2017. It was becoming an epidemic.”.

FS-ISAC 47

FS-ISAC Cybersecurity Account Takeovers NACHA 47

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.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

AUGUST 15, 2019

Des Moines, Iowa-based supermarket chain Hy-Vee said credit card information for an undisclosed number of customers were exposed in a data breach, according to reports. “Hy-Vee Hy-Vee takes the security of payment card data very seriously,” the company said in a statement on its website. “We

Credit Cards 47

Credit Cards Compromise Data Breach Law Enforcement 47

PYMNTS

AUGUST 9, 2018

Corporates around the world are expected to spend an estimated $96 billion on cybersecurity efforts this year, but with cybercriminals continuing to rake in the money, that spend may be in vain. It’s a fact that Jeff Spencer, COO of cybersecurity firm HYAS , described as “sad.” Fresh off a $6.2

Law Enforcement 41

Law Enforcement Data Breach Cybersecurity Breach 41

Stax

JANUARY 8, 2024

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

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.

Phishing 56

Phishing Credit Union Breach Data Breach 56

PYMNTS

APRIL 29, 2016

According to the results of Verizon’s 2016 Data Breach Investigations Report , released on Wednesday (April 27), cybercriminals have become quite adept at using their victims’ human nature against them in order to get what they want.

Phishing 44

Phishing Data Breach Law Enforcement Ransomware 44

Segpay

MAY 1, 2024

This involves ensuring payment service availability, reliability, and security by preventing disruptions, data breaches, and unauthorized access to sensitive customer information, thereby maintaining trust and confidence in digital service providers. Protect Consumer Interests: DORA aims to protect consumer interests.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

PYMNTS

AUGUST 15, 2017

Marcus Hutchins, a 23-year-old British cybersecurity researcher and employee of L.A.-based Once downloaded, it opened victims’ systems up to theft of sensitive banking and credit card data, enabling fraudsters to siphon money from bank accounts. cybersecurity researcher pleaded “not guilty” to the federal charges, Reuters reported.

Law Enforcement 44

Law Enforcement Cybersecurity FBI Ransomware 44

PYMNTS

DECEMBER 16, 2016

No, you aren’t experiencing déjà vu all over again — as it turns out, that breach of over 500 million Yahoo accounts from 2014 announced in September was more the opening act than the main event. If the billion-user figure holds up, this will be the biggest data breach of the digital era. So Now What?

Breach 63

Breach Online and Mobile Banking Data Breach Fed 63

PYMNTS

MAY 14, 2019

law enforcement authorities and cooperated with the federal agencies.”. In a written statement, Equifax said it became aware in 2015 of “efforts by a former employee to obtain company information, and launched an internal investigation into his activities.” It “brought the investigation to the attention of U.S.

Compromise 65

Compromise Accounts FBI Law Enforcement 65

PYMNTS

OCTOBER 2, 2017

In the “what else could possibly go wrong, cybersecurity edition” category, particularly in the aftermath of the torrents of coverage on the Equifax breach , it seems the cybercriminals didn’t all retire after the announcement – in fact, they managed to find their way into the Whole Foods and Sonic POS systems and steal cardholder data.

Law Enforcement 44

Law Enforcement Breach Point-of-Sale (POS) Processors 44

PYMNTS

JULY 28, 2017

The weekend “rehab camp” hopes to become that intervention, nudging these youths away from a life of hacking and toward a career in cybersecurity. BKK apparently pays about $1 million per year for T-Systems to maintain its IT infrastructure, which was so easily compromised by a data breach. s cybersecurity rehab camp.

Cybersecurity 44

Cybersecurity Data Breach Law Enforcement Breach 44

PYMNTS

JANUARY 24, 2019

We are also in regular contact with law enforcement investigators and technology partners as this investigation proceeds.”. “The vendor immediately shut down the server in question, and we are working with third-party forensics experts to investigate the situation.

Law Enforcement 62

Law Enforcement Social Security Database Agreements 62

PYMNTS

NOVEMBER 9, 2018

According to Nathaniel Gleicher, Facebook’s head of cybersecurity policy, accounts were blocked after a tip from law enforcement raised concerns that they were linked to the Russian state-backed organization and “engaged in coordinated inauthentic behavior, which is banned from our services.”.

Real Time Payments 61

Real Time Payments Data Breach Breach Blocks 61

PYMNTS

APRIL 2, 2018

The company did reveal that it is working with leading data security investigators to “get customers the information they need, and the investigation is ongoing. HBC is also coordinating with law enforcement authorities and the payment card companies.”.

Breach 43

Breach Law Enforcement Data Security Cybersecurity 43

PYMNTS

APRIL 28, 2017

Symantec saw new levels of cybercriminal ambition in 2016 — record identities exposed in data breaches, digital bank heists, DDoS attacks powered by IoT devices and, perhaps most notably, a rise in attacks on government entities and nation-states. But it wasn’t just a landmark year for cybercrime in the general public on PCs.

Ransomware 62

Ransomware End User Crime Authentication 62

PYMNTS

JANUARY 4, 2019

On another note, digitally native brand Warby Parker was reported hit by a cybersecurity attack that impacted roughly 198,000 shoppers between late September and late November. After finding out about the breach, Warby Parker contacted law enforcement. Retail hacking has been a frequent problem for large companies.

Law Enforcement 51

Law Enforcement Cybersecurity Breach Social Security 51

PYMNTS

JULY 31, 2017

Regulators have reportedly informally reached out to the attorneys involved in the lawsuit underlying the release of information to figure out how the data breach happened. We are currently taking legal action to ensure the additional data is not disseminated, and we are requesting its rapid return.

Payment APIs and Integration 40

Payment APIs and Integration Third Party Vendors Cybersecurity Data Breach 40

PYMNTS

JULY 22, 2019

The company is working with the appropriate law enforcement authorities in connection with this matter,” KeyCorp said in the filing. The bank is currently working with law enforcement on the issue. To the best of my knowledge, this is the first publicly known major data breach in Bulgaria,” he said. “It

Breach 40

Breach Security Law Enforcement Crime 40

Seon

JULY 19, 2023

For example, as the below infographic shows, it can also determine such things as how many (if any) data breaches the address was involved in and when it was first seen online. The applications of SOCMINT range from general market analysis to law enforcement.

Addressing 52

Addressing Database Law Enforcement Data Breach 52

PYMNTS

FEBRUARY 13, 2017

The news this week was that the fast food chain has been hit with a breach that affected about 1,000 corporate restaurant locations but only one of its franchise restaurants. Though the retailer wasn’t named at the time, PSCU said more than 355,000 credit and debit cards issued by PCSU-associated banks were compromised in the data breach.

Automation 49

Automation Credit Union Breach Compromise 49

PYMNTS

APRIL 27, 2017

Symantec saw new levels of cybercriminal ambition in 2016 — record identities exposed in data breaches, digital bank heists, DDoS attacks powered by IoT devices and, perhaps most notably, a rise in attacks on government entities and nation-states. But it wasn’t just a landmark year for cybercrime in the general public on PCs.

Ransomware 49

Ransomware End User Crime Law Enforcement 49

FICO

DECEMBER 13, 2017

However, one topic we have not yet broached is the convergence of fraud and cybersecurity. We frequently talk about how PII data from data breaches is for sale on the dark web. But I think people use the term “dark web” without really knowing what it is.

Bots 65

Bots Addressing Encryption Security 65