PYMNTS

SEPTEMBER 6, 2019

The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. This type of MFA will combine certain KBA elements, such as usernames, with alternate authentication measures that are harder to obtain in data breaches.

MFA 49

MFA Authentication Phishing Verification 49

Stax

MARCH 4, 2024

Taking precautions to implement security measures like firewalls and cybersecurity training helps to protect cardholder data and other sensitive information from cybercriminals. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

VISTA InfoSec

NOVEMBER 12, 2024

PCI DSS compliance reassures clients that their data is handled securely, helping build confidence in the platform. Moreover, it reduces potential financial and reputational damage from data breaches and fines. For SaaS platforms, isolating customer data per PCI DSS standards is essential to avoid cross-tenant data exposure.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

PCI DSS compliance reassures clients that their data is handled securely, helping build confidence in the platform. Moreover, it reduces potential financial and reputational damage from data breaches and fines. For SaaS platforms, isolating customer data per PCI DSS standards is essential to avoid cross-tenant data exposure.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Segpay

DECEMBER 13, 2024

The Intersection of Data Privacy and Identity Management Source: ID Management Institute Identity management helps authenticate users and makes sure that only authorized individuals can access certain information. Implementing multi-factor authentication (MFA) for internal data access can add an extra layer of security for data handling.

Privacy 105

Privacy Compliance CCPA Authentication 105

Stax

NOVEMBER 21, 2024

However, other industry best practices apart from PCI compliance are also expected from a quality payment processor and they include: Multifactor authentication: MFA practices help to prevent unauthorized access to sensitive information by adding an extra layer of identity confirmation before the user is allowed to view the relevant data.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Segpay

NOVEMBER 26, 2024

These platforms often rely on a combination of multi-factor authentication (MFA), which may include passwords, biometric verification (e.g., Blockchain’s decentralized nature helps reduce the risk of identity theft and data breaches, offering a promising future for secure, tamper-proof digital identity verification in payments.

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking Checks MFA 107

PYMNTS

OCTOBER 21, 2020

Companies charged with protecting people’s data lost ground in 2020, after an abysmal 2019 of breathtaking data breaches. These authentication methods can stop potential bad actors cold, making the passwords they steal from data breaches useless on their own. There’s no soft version, no smoothing it over.

P2P 56

P2P Security MFA Financial Crimes 56

PYMNTS

FEBRUARY 8, 2019

IBM data said the average cost of a data breach is $3.86 Unfortunately, despite the warnings, Pedersen said corporates thinking about data security are often like consumers thinking about insurance: they don’t realize they need it until something bad happens. “We have a lot of customers not even employing MFA.

Phishing 66

Phishing Payment APIs and Integration Credential MFA 66

VISTA InfoSec

JULY 31, 2023

Segregation of Networks: This involves isolating the cardholder data environment (CDE) from the rest of the business’s network. Doing so can help reduce the scope of PCI DSS compliance and minimize the risk of data breaches. Avoid default settings for servers, software applications, and network devices.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

Seon

JUNE 15, 2023

Accordingly, BEC is not just limited to account takeovers and identity theft, but can also be a means for fraudsters to become imposters looking to subject the target company to further data breaches. Use multi-factor authentication (MFA) to alert you immediately to an unrecognized sign-in attempt.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

Stax

SEPTEMBER 17, 2024

While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. So how can your business stay PCI compliant?

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

JULY 13, 2020

A more focused ATO attack type is known as credential stuffing , which is typically conducted by hackers who possess customer login details that have been exposed in data breaches. The malicious programs can work continuously and rapidly, which boosts the possibility that they will eventually hit the correct combinations.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

EBizCharge

JULY 19, 2024

Weak security access protocols Strong access control measures are critical PCI compliance components that ensure only authorized individuals access cardholder data. PDF forms generally can’t enforce role-based access control or multi-factor authentication (MFA), which are fundamental to PCI compliance.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. The Importance of Security Awareness Training The fact that so many data breaches occur due to human error highlights the importance of security awareness training.

Security 52

Security Phishing Best Practices Data Breach 52

Basis Theory

OCTOBER 1, 2024

Return to Top Risk of Non-Compliance Each PCI requirement acts as a proactive measure to protect cardholder data, and as a legal framework to isolate and financially penalize non-compliance. When combined with logging (#10), this identifier creates the data trail needed to help remediate an issue, identify the threat vector, and much more.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Stax

JULY 9, 2024

Data breaches that compromise consumer payment or sensitive business data, identity theft, and other forms of fraudulent transactions are all current threats of doing business—however, that is simply part of doing business in today’s digital age. What is the future of EFTs?

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

VISTA InfoSec

JANUARY 9, 2024

The Payment Card Industry Data Security Standard (PCI DSS) is a set of security requirements that apply to all organizations that process, store, or transmit cardholder data. These requirements are designed to protect sensitive cardholder information and prevent data breaches. PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 113

PCI DSS Procedures Authorization Security 113

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

Seon

JANUARY 29, 2024

Educate your users: Remind users to prioritize password security, encourage the use of multi-factor authentication (MFA), and suggest the use of VPNs on public Wi-Fi networks. This could be accidental, or more sophisticated, for example following a mass phishing email campaign.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

NOVEMBER 9, 2017

I don’t think Alexa is road-ready for true voice biometric determination for an MFA [multi-factor authentication], even in-home,” IntraNext CEO Patrick Brown told Karen Webster in a recent interview. The executive said IntraNext isn’t fielding as many questions following the Equifax data breach as might be expected.

Authentication 41

Authentication MFA Fraud Detection Security 41

Nanonets

SEPTEMBER 25, 2024

Encryption ensures data security both when stored and when transmitted.    Limiting access to only authorized personnel, implementing Multi-Factor Authentication (MFA), and employing data masking techniques reduce the risk of data breaches. 

Process 52

Process AI Best Practices Reconciliation 52

Segpay

DECEMBER 19, 2024

These providers offer features like single sign-on (SSO), multi-factor authentication (MFA), and identity governance, all delivered through a secure cloud environment. Benefits of Adopting IDaaS Solutions Enhanced Security One of the primary benefits of IDaaS is the enhanced security it provides.

Verification 104

Verification Authentication MFA Compliance 104