Remove Data Breach Remove Data Security Remove Third Party Vendors
article thumbnail

The Uncharted Territory Of M&A Cyber Risks

PYMNTS

Cyberthreats exist throughout supply chains and business networks, and one supplier that experiences a data breach can result in the exposure of sensitive corporate data at businesses other than that supplier itself. which suffered a data breach last year as the result of a cybersecurity incident at a third-party vendor.

Risk 65
article thumbnail

When Vendors Open Doors To Cyberattackers

PYMNTS

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.

article thumbnail

Back To Basics For SME Security

PYMNTS

Free data storage services, the report said, may be an irresponsible choice for SMEs, though the report also found that, regardless of the security of the cloud data storage service, employee mistakes are often to blame for data breaches at SMEs. NIST, operating under the U.S. Others, however, are more behavioral.

article thumbnail

Keeping Third-Party Risk First On The Cybersecurity (Risk) List

PYMNTS

The challenge thus has become one where cybersecurity is not just centered on what must be done internally to protect a company and its customers, said Woodbury, but also to determine how third-party interaction with data is regulated. .

article thumbnail

Wells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove

PYMNTS

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. Wells Fargo takes the security and privacy of our customers’ information very seriously,” the banking firm said in a statement according to the report. “We

article thumbnail

How to Use AI in Bank Statement Processing

Nanonets

This integration should go beyond simple data transfer; aim for intelligent interactions where processed statement data automatically triggers relevant actions in your accounting software, such as updating cash flow forecasts or flagging potential discrepancies for review.

AI 52
article thumbnail

11 Lessons From Startup Chapter 11s

CB Insights

However, the company’s upward trajectory was abruptly halted in 2011, when Altrec suffered two major data security breaches. The Secret Service informed Altrec that the attackers had exploited a vulnerability in the payments processing system of a third-party vendor. customers and around 40 employees.

Breach 78