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What to do if your company suffers a data breach

VISTA InfoSec

Not sure where to start if you notice a data breach? Here are seven essential steps to follow Becoming aware that your company has suffered a data breach can be unsettling. Identifying and Containing the Damage Once you have been made aware of a data breach, the first step is to identify and contain the damage.

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Hacker Hits Italy-Owned Bank’s Emails, Data Breach Unknown

PYMNTS

Italian law enforcement officials said the country has seen a rise in this kind of activity. With governments imposing lockdowns to contain the virus, hackers have been known to pose as banks or other legitimate institutions to try to glean access to people’s private information to use for nefarious means, such as identity theft.

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How To Prevent Data Breaches: 15 Best Practices

EBizCharge

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

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T-Mobile: Hackers Accessed Customer Call Data

PYMNTS

We also immediately reported this matter to federal law enforcement and are now in the process of notifying impacted customers.”. Customers whose call data has been compromised, even if their names haven't been obtained, are at heightened risk of attacks such as phishing by bad actors pretending to be mobile carriers.

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Deep Dive: Emerging Security Threats Facing The CU Space And How Data Analytics Can Help

PYMNTS

Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers. Rise in Phishing Attacks and Data Breaches. Phishing attacks can also target CU employees.

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Cybersecurity Researchers To Corporates: You’re Being Naïve

PYMNTS

In a data roundup by the publication of the latest analysis of corporate cybersecurity, researchers identified where a security breach is most likely to occur. Meanwhile, 20 percent cited a lost device for the cause of a breach.

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Some of the Top Fraud Events and Scandals in Payments

Clearly Payments

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.