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

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

Payments Dive

JULY 28, 2017

Find out what types of data breaches happen most frequently and the countries being affected by downloading this new infographic. We look at denial of service, web application attacks and payment card skimming, POS vulnerabilities and identity theft, among others.

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Identity Theft Payments Data Data Breach Breach 80

Payments Dive

OCTOBER 22, 2020

Synthetic ID theft is a fast-growing crime around the world. Data breaches are a common phenomenon not unique to the US - companies around the world face similar challenges. Personal information exposed from data breaches often winds up for sale on dark web marketplaces.

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APACS Identity Theft Data Breach Breach 76

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. America’s Data Breach Problem.

Data Breach 71

Data Breach Breach Security Risk 71

The Paypers

APRIL 7, 2017

(The Paypers) The Breach Level Index released by Gemalto has revealed that in 2016 identity theft was the leading type of data breach, accounting for 59% of all data breaches.

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Identity Theft Data Breach Breach Accounts 28

PYMNTS

NOVEMBER 12, 2018

The Centers for Medicare and Medicaid Services ( CMS ) confirmed on its website that it was the victim of a data breach in October — the Marketplace system used for agents and brokers was hacked. However, since this breach involves sensitive personal information, including partial SSN, there could be a risk of identity theft.”

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Identity Theft Consumer Data Breach Breach 71

PYMNTS

MAY 10, 2019

prosecutors have charged a Chinese national for his alleged involvement in the 2015 data breach at health insurance company Anthem , which led to the theft of 78.8 million records. businesses. Benczkowski said in a press release. These defendants allegedly attacked U.S.

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Data Breach Breach Identity Theft Law Enforcement 46

FICO

AUGUST 1, 2019

With the rapid rise of data breaches around the globe, the fear of identity theft is at an all-time high. What does it have to do with identity theft? Just yesterday, I received an anxious phone call from my neighbor asking what she should do to protect herself. Fraudsters are nothing if not creative.

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Identity Theft Credit Cards Account Takeovers Data Breach 40

PYMNTS

JANUARY 24, 2017

According to a report highlighting findings from the Identity Theft Resource Center and CyberScout, data breaches in the U.S. The financial services industry accounted for only 52 of the breaches tracked, or 4.8 Some 64 percent of all data breaches involve identity and personal data theft.

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Data Breach Breach Identity Theft Phishing 40

PYMNTS

JUNE 6, 2016

Reports of data breaches and cyberattacks are serious, but what happens when those claims are untrue? According to Krebs on Security , last week, several identity theft protection companies incorrectly named Dropbox as the source of a data breach that compromised nearly 73 million usernames and passwords.

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Data Breach Breach Identity Theft Compromise 42

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. Overall, thanks to the rise in data breaches, merchants and FIs alike are dealing with a steep increase in fraud. Fraud is rampant and thriving.

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Identity Theft Data Breach Breach Verification 63

VISTA InfoSec

JULY 5, 2023

Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! million people.

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PCI DSS Compliance Data Breach Breach 130

PYMNTS

SEPTEMBER 11, 2017

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. consumers, putting them at risk of identity theft. million in shares in the days after the security breach was discovered, the New York Times noted.

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Database Breach Identity Theft Data Breach 66

PYMNTS

JULY 9, 2020

This could be a particularly important switch as major data breaches have made it easier than ever for fraudsters to find the personal details they need to figure out customers’ logins and thwart password-based authentication measures. percent of all fraud reported in 2019.

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Fraud Prevention Account Takeovers Authentication Identity Theft 104

PYMNTS

JANUARY 2, 2019

One of the biggest problems with these types of data breaches is that many users repeat passwords over many sites, and when information is stolen from one company, it can often be used by another. Warby Parker said that is what happened with this breach.

Cybersecurity 74

Cybersecurity Accounts Identity Theft Law Enforcement 74

VISTA InfoSec

SEPTEMBER 15, 2023

Data Fiduciary as per the DPDP Act 2023: Data fiduciaries bear the responsibility for adhering to the Act, even when a data processor carries out processing activities on their behalf. Report any Personal Data Breaches to both the Data Protection Board and Data Principals. Clause 8(1), DPDP Act.

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Data Breach Breach Governance Government 130

The Payments Association

NOVEMBER 20, 2024

From payment card fraud and identity theft to chargeback fraud and refund fraud, scammers are continuously devising new ways to siphon money away from cardholders and merchants illegally. Finally, AI tools also have applications in identity verification. How will AI tools evolve to combat new threats?

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AI Fraud Detection Identity Theft Account Takeovers 88

Payments Source

JULY 9, 2018

All service providers, even those with a strong security posture, are only as secure as the Home Depots, LinkedIns and Equifaxes of the world, argues George Avetisov, chief executive of HYPR.

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Data Breach Credential Breach Service Provider 67

Segpay

NOVEMBER 26, 2024

The Importance of Reliable Digital Identity Verification In a digital world, ID verification is a trust-building mechanism that protects both the user and the organization. Additionally, emerging technologies such as blockchain are being integrated into digital identity verification processes to further secure online transactions.

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Verification Identity Theft Money Laundering Due Diligence 88

PYMNTS

JANUARY 30, 2017

This week’s data digest is all about, well, data. The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. 1,093 data breaches hit entities in the U.S.

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Data Security Government Governance Data Breach 54

PYMNTS

MARCH 26, 2019

The United States Supreme Court has rejected an appeal by online shoe company Zappos over a data breach in 2012 that compromised the information of 24 million customers, according to a report from Reuters. Zappos ’ argument is that because customers weren’t harmed by the data breach, a federal lawsuit should not be warranted.

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Identity Theft Data Breach Breach Encryption 49

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. More than 90 percent of Americans have fallen victim to online scams, data breaches, identity theft or other forms of fraud, though certain varieties are more common than others.

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Phishing Data Breach Breach Scams 64

Payments Source

SEPTEMBER 27, 2017

The identity theft threat created by the Equifax hack and the growth of online lending have given software makers a platform to pitch products that rely on selfies, scans of driver’s licenses and other nontraditional ID methods.

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Identity Theft Verification Product Data Breach 64

The Paypers

APRIL 15, 2016

(The Paypers) According to the Identity Theft Resource Center (ITRC) data breach is one of the biggest threats facing businesses in the US.

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Data Breach Breach Identity Theft 28

The Fintech Times

MAY 17, 2024

Overall, 68 per cent of respondents either know or suspect that they’ve been a victim of online fraud or identity theft, or that they know someone who has been affected. Finding a solution Identity verification is a key part of the solution for companies looking to secure themselves and ensure that their users are genuine.

Deepfake 69

Deepfake Identity Theft Consumer Verification 69

PYMNTS

JANUARY 8, 2019

Luxury department stores like Saks Fifth Avenue , for instance, are still recovering from data breaches that exposed a significant amount of customer data, while others, such as Neiman Marcus , are constantly working to upgrade their fraud protections to counter the efforts of bad actors. Around The Digital Fraud World.

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Identity Theft AI FBI Data Breach 66

PYMNTS

NOVEMBER 13, 2020

Following a cyberattack that exposed patients’ mental health records last month, Finland is moving ahead with legislation that would let people change their personal identity codes in certain instances, according to an Associated Press (AP) report. The current law makes it difficult to change a personal identity code.

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Breach Laws Identity Theft Verification 69

PYMNTS

MAY 8, 2020

And, the CCPC noted, many Americans “appreciate the privacy and personal freedoms and protections cash affords for their individual spending decisions and purchasing data.”.

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Consumer Identity Theft Data Breach Push-to-Card 73

PYMNTS

JANUARY 11, 2021

Robinhood has insisted its internal systems weren't compromised and that unauthorized access was due to identity theft. In October, Robinhood reported hackers had obtained some customers' account information. Reports at the time noted that customers watched as their accounts were drained but couldn't reach anyone at Robinhood.

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Accounts Identity Theft Breach Laws 96

PYMNTS

SEPTEMBER 22, 2017

The hits just keep coming for Equifax: Summit Credit Union has filed a lawsuit against the credit reporting agency in response to the massive data breach that compromised the personal data of around 143 million people. The lawsuit, which is seeking class action status, details how the data breach can cost financial institutions.

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Credit Union Data Breach Breach Identity Theft 54

PYMNTS

JUNE 3, 2019

million were compromised and exposed in a data breach of an agency that collects money for Quest Diagnostics and UnitedHealth Group, according to a report by Bloomberg. It stated that the American Medical Collection Agency (AMCA), which is based in Elmsford, New York, informed Quest on May 14 about the eight-month breach.

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Compromise Identity Theft Data Breach Breach 53

Fi911

MARCH 26, 2024

In the event of a data breach, the tokens would be of no value to cybercriminals since they cannot be converted back to the original payment details. This effectively minimizes the risk of fraud and identity theft, providing peace of mind for both consumers and merchants.

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PCI DSS Encryption Origination Data Security 97

PYMNTS

JUNE 14, 2018

Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9 million, in 2016 alone. That figure rose to 10,000 last year.

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Identity Theft Wire Transfer Crime Email Compromise 43

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

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Deepfake APACS Scams Authentication 104

Fi911

MAY 7, 2024

In certain circumstances, such as excessive chargebacks, data breaches, fraudulent activities, or violation of regulations, a merchant’s account may be terminated. Alternatively known as the MATCH List, seeks to safeguard banks from extending acquiring services to high-risk enterprises.

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PCI DSS Processors Compromise Identity Theft 91

Payments Source

OCTOBER 3, 2017

Credit bureaus can address identity theft by advancing the robustness of their security processes and abandoning outdated systems that rely on our personal information, writes Jason Brvenik, Chief Technology Officer for NSS Labs.

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Identity Theft Breach Addressing Security 63