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.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

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.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

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

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. According to Equifax, the impacted information includes names, Social Security numbers, birthdates, addresses and, in some instances, drivers’ license numbers.

Database 66

Database Breach Identity Theft Data Breach 66

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

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.

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

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. Quest revealed the information in a securities filing. Patient records numbering around 11.9

Compromise 53

Compromise Identity Theft Data Breach Breach 53

PYMNTS

DECEMBER 10, 2019

And that number is going up — mainly because there is a lot more good consumer data out there to buy up and build into fraudulent personas. More than 446 million consumer records were exposed in data breaches in 2018, an increase of 126 percent compared to 2017, according to a 2018 Identity Theft Resource Center report.

Fraud Detection 63

Fraud Detection Data Breach Identity Theft Social Security 63

PYMNTS

FEBRUARY 22, 2018

Hackers who used to amuse themselves stealing credit cards have raised the level of their identity theft game such that 2017 was a record year — 16.7 Also having a record breaking year — powered by all those stolen social security numbers — was new account fraud, which rocketed up 70 percent in 2017. billion last year.

Identity Theft 56

Identity Theft Account Takeovers Push-to-Card Social Security 56

PYMNTS

DECEMBER 23, 2019

In synthetic identity theft, she explained, the fraudster is still pretending to be someone they are not, but the difference is that they aren’t so much imitating an existing person as creating one. Is the Social Security number associated with a person who is both alive and over the age of 18?

Social Security 52

Social Security Identity Theft Wire Transfer Security 52

PYMNTS

DECEMBER 28, 2016

Verizon is expected to move ahead with its acquisition of Yahoo’s core assets even after Yahoo disclosed another massive data breach potentially impacting millions of consumers. The Identity Theft Resource Center, which Bloomberg cited in its report, pegs the number of data breaches in the U.S.

Identity Theft 43

Identity Theft Data Breach Breach Social Security 43

PYMNTS

OCTOBER 30, 2018

Looking at research from the Identity Theft Resource Center, QuickBridge pointed to small businesses in the healthcare, banking and finance, and retail sectors as particularly popular targets for cyberattackers.

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

JULY 28, 2020

Traditional fraud-fighting methods can fail to detect this subtle form of deception, in which criminals cobble together details from numerous consumers to create unique identities. Cybercriminals often use these identities to set up bank accounts and apply for credit cards and loans. billion from the nation’s consumers in 2018.

Online and Mobile Banking 53

Online and Mobile Banking Social Security Identity Theft Fraud Detection 53

Clearly Payments

JANUARY 8, 2024

This can include stolen credit card information, identity theft, or fraudulent transactions. Security, Compliance, and Regulatory Risk: Cybersecurity risk involves the threat of data breaches and unauthorized access to sensitive payment information.

Risk Management 67

Risk Management Risk PCI DSS Process 67

Stax

NOVEMBER 27, 2023

Of course, financial criminal activity doesn’t have to just lead to monetary loss—it could also lead to a data breach of customer information. Introduce the customer identification program (CIP) Basically, the CIP requires that companies get four pieces of identifying information about their client for identity verification.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

PYMNTS

JANUARY 9, 2019

Stopping fraudsters can feel a bit like playing Whac-A-Mole for luxury retailers who want to protect customers and data, and no one wants to be the next retailer to experience a data breach or high-volume fraud attack. This is especially true as data breaches grow more common as eCommerce sales grow.

Fraud Detection 43

Fraud Detection Data Breach Account Takeovers Breach 43

PYMNTS

MARCH 2, 2018

Like breaches , for example. Thursday was the same day the company said that more individuals in the United States were hit by last year’s data breach than had been initially estimated. That’s a lot of compromised data, of course. The latest tally comes to 147.9 million, up 2.4 Revenues were $838.5 estimate.

Breach 41

Breach Data Breach Identity Theft Data Security 41

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.

Identity Theft 69

Identity Theft Blockchain Credit Cards Data Breach 69

Payments Source

SEPTEMBER 13, 2017

The breach may result in a huge new dump of names, addresses, Social Security numbers, and other personal information that fraudsters can leverage to gain access to a legitimate user’s account, writes Jason Tan, CEO of Sift Science.

Breach 63

Breach Social Security Addressing Accounts 63

FICO

OCTOBER 7, 2022

FICO’s EMEA general manager Matt Cox recently blogged : "Another rapidly rising phenomenon that has been highlighted by financial services organizations as even more challenging to identify and address than identity theft is synthetic fraud.

BNPL 52

BNPL Account Takeovers CFPB Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

OCTOBER 12, 2018

The only good thing about an ongoing parade of data breaches and innovative attempts at identity theft is that it can be incredibly persuasive when it comes to the importance of making the payments process more secure. And if that isn’t buttoned up, fraudulent payments will happen time and time again,” he said.

Faster Payments 73

Faster Payments Authentication Payments Enrollments 73

PYMNTS

SEPTEMBER 18, 2017

And the data that was stolen, he added, is very much the type that is used when someone is talking on the phone, dialing straight in, so to speak, to identity theft. The lesson is that criteria of identity change, and as Stuut said, the time has come to re-examine all the tools of that trade.

Breach 46

Breach Identity Theft Credential Authentication 46

PYMNTS

MARCH 1, 2019

Equifax’s expansion of small business credit scoring data services followed a class action lawsuit filed in 2017 by small business owners related to its massive data breach that year. ” .

Small Business 47

Small Business Identity Theft Breach Data Breach 47

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., Begor made the confession after U.S.

Identity Theft 77

Identity Theft Data Breach Social Security Breach 77

PYMNTS

JANUARY 24, 2017

Train your eye on cybersecurity and data breaches, and more is certainly something no firm wants to experience. Social Security numbers were exposed in more than half of all breaches last year. And yet, hope cannot trump experience here. million combined cards in health care.

Data Breach 44

Data Breach Breach Identity Theft Phishing 44

PYMNTS

FEBRUARY 19, 2018

That’s because the indictments allege malfeasance that spans online transactions, banking and the ever-present specter of identity theft. The data breached and the data appropriated seem familiar enough. Birth dates, Social Security numbers, bank accounts — all wend their way through dark channels on the web.

Identity Theft 48

Identity Theft Risk Online and Mobile Banking PayPal 48