VISTA InfoSec

JULY 1, 2024

AMD) announced that it has launched a probe of a data breach carried out by a cybercriminal group called Intelbroker that led to several private documents and information being stolen which occurred early this month. American chip giant Advanced Micro Devices, Inc.

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Bank Automation

SEPTEMBER 16, 2024

Ally Financial faces two class action lawsuits in the wake of a data breach earlier this year. 7, are suing Ally Financial subsidiary Detroit-based Ally Bank for: […] The post Ally faces legal battle after data breach appeared first on Bank Automation News.

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Bank Automation

MAY 20, 2024

The Securities Exchange Commission is setting stricter guidelines on how financial institutions deal with data breaches as cyberattacks climb. The federal watchdog is looking to implement […]

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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.

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VISTA InfoSec

MARCH 28, 2024

In the digital age, protecting customer data is a cornerstone of trust and reliability between a company and its consumers. As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. You should also regularly review stored data and purge what is no longer needed.

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Payments Dive

SEPTEMBER 26, 2023

The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.

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Finextra

MAY 14, 2024

Banco Santander has reported a data breach at a third party provider that exposed client and employee data.

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Payments Source

DECEMBER 10, 2020

It's important that breach mitigation strategies take younger people, gaming and school into account, says ForgeRock's Ben Goodman.

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The Paypers

OCTOBER 29, 2024

Transak , a firm providing crypto on-ramp services, has recently reported a data breach impacting over 92,000 users due to a phishing incident.

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Payments Source

JUNE 9, 2019

Financial institutions have different levels of breach protection than health care, heightening the risk, according to Brad Keller, senior vice president and program director at Shared Assessments.

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Finextra

NOVEMBER 21, 2024

Fintech firm Finastra has shared further detail on the investigation process following a data breach that occurred earlier this month.

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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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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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VISTA InfoSec

JUNE 26, 2024

In addition, there’s a need for information security measures to protect the integrity and privacy of data and operational security. Data breaches not only result in immediate financial losses but can also have long-term effects, such as loss of customer trust, brand damage , and a decline in market share.

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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

Payments Dive

JANUARY 20, 2023

Impacted customers were notified of the incident nearly a month after it was discovered. It’s unclear where or how customer account credentials were obtained.

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Data Breach Breach PayPal Credential 78

Finextra

OCTOBER 30, 2024

Weeks after it suffered a major cyberattack, MoneyGram has replaced CEO Alex Holmes with Walmart executive Anthony Soohoo.

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Data Breach Breach 75

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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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?

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Finextra

MARCH 8, 2024

million) by the country’s data protection authority over 2018 data breach case. UniCredit, Italy’s second-largest bank, has been fined €2.8 million (£2.3

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Finextra

DECEMBER 4, 2024

Experian’s 12th annual Data Breach Industry Forecast includes five 2025 predictions for 2025 that show that global data breaches show no signs of slowing down.

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Payments Source

AUGUST 26, 2019

Not only does it illustrate the willingness of regulators to impose massive fines for massive data breaches, it also reminds us that this situation could be just the tip of a financial iceberg, says White Hat Security's Mark Rogan.

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Payments Source

OCTOBER 30, 2020

Mastercard has rolled out a set of AI-powered tools to thwart fraud and data breaches across banks' ecosystems, particularly to benefit acquirers’ online merchants.

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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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Finextra

DECEMBER 12, 2024

In today's digital landscape, where data breaches and cyber threats are increasingly prevalent, ensu.

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VISTA InfoSec

MAY 24, 2024

Understanding PCI DSS Developed by the Payment Card Industry Security Standards Council (PCI SSC), it is mandatory for all businesses to be PCI compliant to protect cardholders, companies, the Merchants and Service Providers they do business with from data breaches, fraud, and unauthorized access.

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PYMNTS

JUNE 24, 2020

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. Data breaches have not slowed during the pandemic. The company introduced new measures for privacy in response, letting users hide their phone number from everyone.

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Fintech News

MAY 27, 2024

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

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VISTA InfoSec

JULY 19, 2024

This might lead to serious data breaches , such as exposing customers’ information across financial, government, or healthcare facilities. Network vulnerabilities: Unsecure PCBs will potentially fail to protect network security appliances.

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VISTA InfoSec

APRIL 5, 2024

Operational interruption happens when cybersecurity is breached. Data breaches don’t easily get overlooked. The aftermath of a data security concern could change the landscape of your business, depending on the incident. Tainted reputation. Recovery cost.

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Payments Dive

AUGUST 25, 2022

A class action lawsuit has been filed against Cash App Investing and parent company Block over a December 2021 data breach.

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Blocks Data Breach Breach 113

Fintech News

NOVEMBER 10, 2024

Ransomware and data breaches gain in sophistication Although ransomware and data breaches decreased in H1 2024, these threats continue to pose significant challenges. However, the overall number of individual ransomware and data breach incidents tracked by Visa PFD decreased by 12.3%

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VISTA InfoSec

OCTOBER 21, 2024

Data breaches, cyberattacks and misuse of personal information are severe threats challenging the privacy of customer’s data, they can not only damage a company’s reputation but can also lead to heavy fines if compromised. To overcome these challenges, data protection laws are established.

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VISTA InfoSec

JUNE 7, 2024

As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises. These extra-strict access controls reduce a company’s risk of data breaches and other costly security issues. How Will a ZTNA Solution Benefit Your Company?

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VISTA InfoSec

APRIL 28, 2024

The Payment Card Industry Data Security Standard (PCI DSS) compliance 4.0 offers essential guidelines and a framework to safeguard cardholders’ data and mitigate any potential data breaches that may occur in banks. In this blog, we will understand PCI DSS compliance 4.0

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VISTA InfoSec

JULY 5, 2023

Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. From March 2021 to March 2022, the average cost of a data breach in healthcare was over $10 million, up from $9.23 Thus, protecting EHRs is crucial to avoid data breaches from hackers.

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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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