PYMNTS

JULY 10, 2019

Privacy is the new currency in a time when browsing the internet can be a lot like walking through a crime-ridden neighborhood. Besides identity theft, malware and viruses, there are phishing scams, data breaches and other unknown issues that can compromise computers and daily life.

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Privacy Identity Theft Regulatory Compliance Data Breach 40

PYMNTS

MARCH 18, 2019

The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. He pointed to the recent enactment of the California Consumer Privacy Act of 2018 as an example.

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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.

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Data Breach Breach Security Risk 71

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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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. Retail hacking is a frequent problem for large companies.

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Cybersecurity Accounts Identity Theft Law Enforcement 74

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

Exact Payments

JULY 1, 2024

By Jeremy Smillie, VP of DevSecOps at Exact Payments In an era where data breaches are not just threats but realities, protecting Personally Identifiable Information (PII) is more crucial than ever. At Exact Payments, we understand the magnitude of the responsibility of handling such sensitive data.

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Data Security Security Encryption Payment APIs and Integration 52

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

MARCH 12, 2018

district court in San Jose, California, ruled late last week that most of a lawsuit concerning Yahoo’s data breach, which exposed 3 billion users’ personal data, can proceed. to get the claims tossed out, including allegations of negligence and breach of contract. According to news from Reuters , U.S.

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Breach Identity Theft Data Breach Cybersecurity 40

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. Estimated financial losses exceeding $200 million.

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Phishing Data Breach Law Enforcement Money Laundering 59

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.

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Data Breach Breach Laws Authentication 42

Segpay

DECEMBER 14, 2023

Cryptocurrencies offer privacy, lower fees, faster transactions, no chargeback risks, and global accessibility. Privacy and Security of User Information Online privacy and security are growing concerns in the adult content industry. Key Takeaways Crypto legitimacy is growing globally among merchants and businesses.

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Cryptocurrency Privacy Bitcoin Blockchain 52

PYMNTS

MARCH 29, 2017

Data and analytics startup XOR Data Exchange announced it will provide a free resource to online retailers to help businesses identify and mitigate the risk of identity theft. The company’s Compromised Identity Exchange was initially launched at the request of a large bank that had customer records compromised.

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Identity Theft Compromise Data Breach Breach 40

Stax

AUGUST 20, 2024

Some challenges and considerations of embedded finance and fintech involve regulatory and compliance issues, data privacy and security, and stiff competition. Data security and privacy concerns Collecting your customers’ data for personalized services poses serious threats if the data is breached.

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Embedded Finance Finance FinTech Payment APIs and Integration 88

PYMNTS

SEPTEMBER 19, 2019

The threat of a data breach is now an ever-present part of life for customers and the banks that serve them. A reported 3,813 data breaches across a number of industries — collectively exposing 4.1 billion customer records — occurred in the first six months of 2019, for example. billion stolen credentials.

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PYMNTS

APRIL 7, 2017

But these agreements also tend to inflame the debate over data privacy. “One of the main considerations when entering an agreement like this is the security element,” Christiansen told PYMNTS, adding that API technology enables a secure and reliable method of data exchange.

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Stax

APRIL 30, 2024

In addition, they also ensure the privacy of business data and compliance with laws and regulations. Security and Compliance in Merchant Processing Any business that accepts credit and debit card payments must be compliant with the Payment Card Industry Data Security Standards (PCI DSS).

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Process Online and Mobile Banking PCI DSS Debit Card 88

PYMNTS

OCTOBER 3, 2019

Indeed, that finding would seem to argue against the common and reasonably supported notion that consumers have become numb to data breaches and hacking, and perhaps even resigned to the fact that they will fall victim to identity theft, stolen funds and other types of fraud that are anchored to online and mobile devices.

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Consumer Online and Mobile Banking Authentication Credit Union 60

PYMNTS

OCTOBER 26, 2016

. “There’s no way the guest Wi-Fi at a retailer is going to let you into the point of sale; however, it would let you into the system, which then may be able to get to where the consumer data is,” Tinsley explained, “because they’ve thrown that consumer data on the other side of the firewall from the payment.”.

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Payment Security Security Identity Theft Compromise 81

PYMNTS

JUNE 1, 2016

As Cook points out, any company that contributes data is always the true owner of that information and has control over ensuring that the data is used only for the explicit and agreed to purpose that XOR has permissions for. “We’ve

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Compromise Privacy Risk Assessment Breach 40

PYMNTS

OCTOBER 23, 2018

One is the increasing prospect of fraud, of criminals breaking into healthcare IT systems in search of patient data, the scope of which can enable identity theft in ways that are relatively easier than in other sectors. That said, the move to digital can spark new challenges for medical offices.

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Identity Theft Blockchain Credit Cards Data Breach 69

PYMNTS

NOVEMBER 6, 2018

We have notified customers whose accounts may have experienced unauthorized access and offered them one year of credit monitoring and identity theft protection service.”. “HSBC regrets this incident, and we take our responsibility for protecting our customers very seriously,” an HSBC spokeswoman told Reuters. “We

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Accounts Identity Theft NOV Compromise 68

Nanonets

FEBRUARY 12, 2024

Machine learning algorithms can detect subtle anomalies and irregularities in data patterns, signaling potential fraudulent activities. From identifying identity theft to uncovering patterns indicative of malicious intent, AI's role in fortifying the security walls of credit scoring is indispensable.

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AI Fraud Detection Regulatory Compliance Automation 52

PYMNTS

FEBRUARY 28, 2019

Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). In 2017, Equifax suffered a massive data breach that exposed the personal data of 143 million consumers in the U.S.,

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Identity Theft Data Breach Social Security Breach 77