PYMNTS

MARCH 8, 2018

Retailers have requested that the House Financial Services Committee take a closer look at draft data breach notification legislation, saying it doesn’t do enough to ensure appropriate data security standards.

Data Breach 40

Data Breach Breach Laws Third-Party Service Provider 40

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.

Data Breach 52

Data Breach Breach Identity Theft Debit Card 52

PYMNTS

APRIL 26, 2018

is only weeks away from bringing its Global Data Protection Regulation (GDPR) rules into effect, and corporates are ill-prepared for the data security requirements, according to new research. Law firm McDermott Will & Emery collaborated with Ponemon Institute to assess how U.K.

Data Breach 59

Data Breach Breach Compliance Rules 59

VISTA InfoSec

SEPTEMBER 27, 2024

A Data Protection Officer (DPO) can be called as an ally for organizations that deals with large amount of Privacy related data in its core operation. Ensuring adherence to data protection laws, internal policies, and overseeing responsibilities, training, and audits.

CCPA 130

CCPA Privacy Assessments Laws 130

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

FEBRUARY 10, 2020

Although the law has only been in effect since Jan.1, 1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. The complaint accuses Salesforce of allowing the site to be infected with malware, which is the prime suspect for the data breach. Except when it’s a lawsuit.

CCPA 62

CCPA Laws Privacy Data Breach 62

PYMNTS

DECEMBER 5, 2017

The public may learn of data breaches much more promptly if three senators get their way on a proposed Senate bill, the Data Security and Breach Notification Act, which was introduced on Thursday, Nov. To be fair, Yahoo did ‘fess up about the breach earlier, but only by a year. In May, Target paid $18.5

Data Breach 53

Data Breach Breach Posting Consumer 53

PYMNTS

DECEMBER 4, 2017

McAfee Labs recently published its 2018 Threats Predictions report , and after a year of high-profile cyberattacks and data breaches, analysts say the threat won’t let up in the new year. If there’s one thing the enterprise has learned this year, it’s that a data breach can happen to any business — including small businesses (SMBs).

Small Business 54

Small Business Data Security PCI DSS Data Breach 54

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

Payments Source

JANUARY 6, 2018

Twenty-two trade groups, including seven financial trade groups, sent a letter to House lawmakers calling for new data security standards that would preempt state law.

Data Security 64

Data Security Security Rules Laws 64

VISTA InfoSec

JULY 5, 2023

Data security has become an essential aspect of our lives and is more crucial than ever before. In the healthcare industry, organizations are entrusted with a plethora of sensitive information, including PHI, PII, and financial data. What is data security in healthcare? million between May 2020 and March 2021.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

PYMNTS

FEBRUARY 10, 2020

Although the law has only been in effect since Jan.1, 1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. The complaint accuses Salesforce of allowing the site to be infected with malware, which is the prime suspect for the data breach. Except when it’s a lawsuit.

CCPA 52

CCPA Laws Privacy Data Breach 52

PYMNTS

AUGUST 21, 2018

When it comes to the bond between consumer and financial services, no doubt the relationship is a bit, well, frayed in the age of data breaches and the Dark Web. Data Point Four: 12 Percent. To take a line from the Queen of Soul, Aretha Franklin : Every chain has got a weak link.

Data Breach 42

Data Breach Breach Laws Authentication 42

VISTA InfoSec

JUNE 3, 2024

Here are some important tips for creating a GDPR-compliant password policy: Understanding GDPR and Its Implications The General Data Protection Regulation (GDPR) is a comprehensive data protection law enacted by the European Union to safeguard its citizens’ privacy and personal data.

MFA 130

MFA Credential PCI DSS Compliance 130

Segpay

DECEMBER 13, 2024

The Rising Importance of Data Privacy Regulation The implementation of GDPR in the European Union (2018) and CCPA in California (2020) marked an important shift in global data privacy standards. Data privacy laws demand meticulous processes, often limiting the data that companies can collect and retain.

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

FEBRUARY 15, 2018

In the wake of breaches that have compromised the data of millions of Americans and companies as far-flung as Equifax and Uber, industry observers and participants told a House subcommittee on Wednesday that data security should be standardized at a national level. Federal legislation should also preempt state laws.

Data Security 40

Data Security Security Breach Privacy 40

PYMNTS

OCTOBER 3, 2016

SEC data breach disclosure rules are vague to say the least. According to Warner, less than 100 of 9,000 public companies have reported a data breach since 2010. “I But in certain situations, you may need more aggressive enforcement,” said Roberta Karmel, a Brooklyn Law School professor.

Breach 74

Breach Federal Trade Commission Data Breach Rules 74

Stax

JANUARY 15, 2024

Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Surcharging restrictions for multi-location businesses can get confusing. ​​In

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

DECEMBER 8, 2017

An expression popularized during Watergate has managed to gain new relevance in the era of data breaches and executives that may try to hide them from the customers (and regulators) they serve. The massive data breach was discovered by Equifax on July 29th, but the company didn’t reveal the hack until 41 days later.

Data Security 40

Data Security Data Breach Breach Security 40

VISTA InfoSec

APRIL 12, 2024

Businesses deploy proxy servers to monitor and regulate their employees’ internet usage, ensuring data security and blocking access to harmful sites. Proxies also assist in complying with data protection regulations by anonymizing data and managing access to geolocation-specific content.

Cybersecurity 130

Cybersecurity Best Practices Encryption Privacy 130

Stax

SEPTEMBER 17, 2024

While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. What is PCI Compliance?

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

JANUARY 2, 2019

A report in the Wall Street Journal , citing analysts, reported that legislative response to the massive Equifax data breach of 2017 is at the top of the agenda for 2019. The Equifax data breach response is far from over,” Jaret Seiberg, an analyst for Cowen Washington Research Group, told the Wall Street Journal.

Data Breach 60

Data Breach Breach SWIFT Cybersecurity 60

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. But all the money in the world to secure an organization’s back office won’t necessarily help safeguard all company data.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

VISTA InfoSec

SEPTEMBER 14, 2023

The GDPR has a considerable influence on data privacy globally, but what does it mean for the US? We will examine the effects of GDPR in the US and how businesses can adhere to this European privacy law. It’s important to note that the law extends to any EU resident, irrespective of citizenship. GDPR and U.S.

Compliance 130

Compliance Privacy Legal Processors 130

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. 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

Evolve Payment

NOVEMBER 19, 2024

Table of Contents PCI Compliance in a Nutshell PCI compliance, also known as the Payment Card Industry Data Security Standard , or PCI-DSS, is an important standard that major credit card companies like Visa and Mastercard have adopted to protect themselves and their merchants from the risks associated with exposed cardholder data.

PCI DSS 94

PCI DSS Compliance Processors Breach 94

Fintech Review

FEBRUARY 13, 2024

As services transition online, consumers face new risks, including data breaches, online fraud, and exposure to unfair practices. It’s crucial for regulators to enforce stringent standards for data security and privacy to ensure consumer protection. Beyond legal and technical measures, consumer education is vital.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

PYMNTS

APRIL 18, 2019

EU banks and merchants also face the changes to data security, transparency and privacy that the PSD2 and GDPR regulations have marshaled across the region. As European countries and consumers move forward with data transparency, other lawmakers and regulators are seeking to do the same. PSD 2, GDPR Adoption Challenges.

Regulations 74

Regulations Authentication Privacy Data Breach 74

PYMNTS

MARCH 18, 2019

The letter comes in response to the committee’s call for comments on how regulation might protect consumers — specifically, data collection and the use of personally identifiable information (PII) have been stated as a “major focus” of the senators “moving forward.”. Here’s a mortgage analogy. financial crisis.”.

Privacy 49

Privacy Regs Identity Theft Data Breach 49

The Paypers

JUNE 18, 2019

(The Paypers) The New York Attorney General has announced the Stop Hacks and Improve Electronic Data Security Act, a new cybersecurity law, which passed the state legislature.

Data Breach 28

Data Breach Breach Cybersecurity Laws 28

PYMNTS

AUGUST 21, 2019

Along with the growing popularity of IoT devices, from fitness wearables to smart fridges, comes increased security and privacy issues. Mounting data breaches and device vulnerabilities have prompted wariness around IoT adoption. As alluded to above, data security must be considered over a device’s lifetime.

Security 66

Security Data Breach Breach Encryption 66

Fintech Review

APRIL 11, 2025

As fintech platforms handle sensitive data and money, regulators must ensure transparency, fairness, and data security. But for now, navigating this patchwork of laws remains a core challenge for scaling fintech firms. Striking the right balance is essential for a sustainable fintech ecosystem.

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cross-Border 52

Fintech Review

FEBRUARY 18, 2025

Non-financial companies offering financial services must comply with anti-money laundering (AML), know-your-customer ( KYC ), and data privacy laws. Data security is a top concern. Data breaches or fraud could undermine trust, making strong encryption, fraud detection, and authentication mechanisms essential.

Embedded Finance 95

Embedded Finance Finance Payment APIs and Integration Non-Bank 95

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.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

OCTOBER 30, 2018

“But many times, it’s literally just the shame they would feel in reporting the attack to customers and law enforcement.” “Many attacks directly target employees, making cybersecurity employee training and education critical to your data protection efforts,” the report concluded.

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

MARCH 7, 2019

In fact, many still have concerns over data breaches under PSD2, especially when it comes to their relationships with banks, now required to share previously siloed data with third parties. GDPR was officially signed into law in 2016. Just 53 percent of customers in the U.K.

Privacy 79

Privacy Regulations Online and Mobile Banking Breach 79

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

Privacy 78

Privacy Regulations Payments Laws 78