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

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

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?

Best Practices 52

Best Practices Data Breach Breach Phishing 52

Fintech Finance

SEPTEMBER 18, 2024

Tribe Payments, the innovative digital payments and infrastructure orchestrator specialising in issuer and acquirer processing, has achieved ISO 27001 certification, the strongest possible global information security standard.

ISOs 94

ISOs Security Payment Security Payment APIs and Integration 94

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 82

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.

Third Party Vendors 110

Third Party Vendors Cybersecurity Breach Risk Management 110

VISTA InfoSec

OCTOBER 21, 2024

Small and medium enterprises (SMEs) are especially vulnerable to these attacks due to limited resources and a lack of cyber security expertise. Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. What are the most common cyber security threats for SMEs?

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Security Phishing Ransomware Risk Assessment 130

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

Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments.

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PCI DSS Payment Security Security MFA 88

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).

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Data Breach Breach AI Law Enforcement 58

The Fintech Times

SEPTEMBER 5, 2024

What has the CrowdStrike incident, which caused a global IT outage affecting millions of devices, taught us, and what steps need to be taken to ensure a secure payment landscape?” CrowdStrike: A wake-up call On 19 July 2024, a faulty software update from cybersecurity company CrowdStrike hit 8.5

Financial Crimes 63

Financial Crimes Mitigation Cybersecurity Crime 63

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 Audit 102

The Fintech Times

DECEMBER 11, 2023

Today, we bring you insights from industry leaders regarding the changing dynamics of cybersecurity threats and trends in 2024, including AI’s impact, behavioural biometrics, fraud prevention, masking and enhanced security for financial services.

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Cybersecurity Ransomware Authentication AI 139

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

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

DECEMBER 20, 2019

Gas station and convenience store chain Wawa said it discovered a data breach in which thousands of customers’ debit and credit card information was stolen, according to a report by CNBC. Wawa said its team stopped the breach on Dec. Wawa isn’t the only large company to be affected by a data breach recently.

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Data Breach Breach Identity Theft Credit Cards 52

VISTA InfoSec

JUNE 7, 2024

As flexible working arrangements become increasingly common across every industry, companies need secure, dependable ways to grant remote employees online access to company data, services, and applications. With ZTNA, companies will no longer have to tolerate higher security risks in the name of maintaining productivity.

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Micro-Entry Data Breach Breach Cybersecurity 162

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. Zack did not say anything beyond that.

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Cybersecurity Data Breach Ransomware FBI 68

PYMNTS

MARCH 7, 2019

Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol Hill. The hearing took place at a time of increasing scrutiny for online privacy and security. firms were falling victim to online attacks, noting that there were 1,200 data breaches in the U.S.

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Data Breach Breach Privacy Federal Trade Commission 71

VISTA InfoSec

APRIL 5, 2024

Furthermore, complementing it with a managed security service provider (MSSP) ensures IT systems are secure and protected from malicious software threats. Data privacy and security Protecting your data and taking preventive measures to keep it away from fraudsters is important in the era of remote work.

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Best Practices Business Continuity Continuity Compromise 278

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. Stronger passwords.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

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

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

JUNE 3, 2024

Even though the GDPR doesn’t specifically mention passwords, it does require a “high level of protection of personal data.” Data should be handled securely and confidentially to prevent unauthorized access. For all businesses, including small- to medium-sized ones (SMBs), passwords are key to keeping data safe.

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MFA Credential PCI DSS Compliance 130

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.,

Data Breach 78

Data Breach Breach Risk Risk Management 78

VISTA InfoSec

JUNE 27, 2024

In a recent development that has raised concerns across the education sector, Los Angeles Unified School District (LAUSD) has confirmed a significant data breach involving student information. Conclusion The ramifications of this breach extend beyond immediate security concerns. 5 / 5 ( 1 vote )

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FBI Breach MFA Cybersecurity 130

PYMNTS

MAY 22, 2020

Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.

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Data Breach Breach Request for Comment Social Security 53

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 19, 2019

its data service provider, to probe the data breach. “We The carrier is reportedly telling relevant authorities, with the inclusion of CyberSecurity Malaysia, about the incident. The ICO said the British Airways had “poor security arrangements,” essentially allowing the breach to happen.

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Data Breach Breach Cybersecurity Privacy 49

PYMNTS

APRIL 12, 2019

The General Data Protection Regulation (GDPR) represented a new phase in data security and EU regulators’ approach to it. Nearly one year since GDPR came into effect, there remain uncertainties about issues like accountability in cases of data breaches at data sharing partners.

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Cybersecurity Data Breach Breach Legal Framework 77

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. Compliance Is Key. COVID-Era Changes.

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Cybersecurity B2B Email Compromise Business Email Compromise 83

PYMNTS

MARCH 18, 2019

Reports in Business News Daily on Friday (March 15), co-authored by Assistant Professors of Finance Dr. Daniele Bianchi and Dr. Onur Tosun, found that data breaches at large organizations may cause financial losses at those companies, but they eventually lead to greater investments in their CEOs. ”

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Data Breach Breach Cybersecurity Research 56

PYMNTS

DECEMBER 15, 2016

14) that a new cybersecurity breach incident has affected over a billion of its users and their private data. Reportedly, an unauthorized third party stole data associated with the more than 1 billion Yahoo user accounts back in 2013. billion buyout of its core assets, said it would review the impact of the latest breach.

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Data Breach Breach Law Enforcement Encryption 72

PYMNTS

DECEMBER 27, 2019

Multiple lawsuits seeking class action status have been filed in Philadelphia over a data breach at Wawa convenience stores, which affected 850 locations along the East Coast of the U.S., Wawa recently came forward with information that it found malware on its payment processing servers, and that it stopped the breach on Dec.

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Data Breach Breach Identity Theft Debit Card 52

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. The ETFMG Prime Cyber Security ETF, for example, has risen 18 percent this year, CNBC reported. billion last year. The company also reported that 209,000 U.S.

Cybersecurity 76

Cybersecurity Data Breach Breach Disputes 76

CB Insights

FEBRUARY 11, 2019

Over the last decade, data breaches have resulted in the theft or exposure of ~200M healthcare records in the US — due in part to an increased adoption of digital health services and connected IoT technology. The post 40+ Cybersecurity Startups Securing The Future Of Healthcare appeared first on CB Insights Research.

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Cybersecurity Security Data Breach Breach 49

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