VISTA InfoSec

JUNE 21, 2023

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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Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

JULY 27, 2020

The FinTech on Saturday (July 25) confirmed the data breach after reports emerged that details involving as many as 7.5 million banking users had been exposed on a forum used by hackers to sell and swap ill-gotten data. In a blog post, Dave blamed the data breach on Waydev, a former third-party service provider.

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Data Breach Breach FinTech Third-Party Service Provider 98

VISTA InfoSec

MARCH 28, 2024

In the digital age, protecting customer data is a cornerstone of trust and reliability between a company and its consumers. As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. You should also regularly review stored data and purge what is no longer needed.

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Data Breach Regulatory Compliance Breach Encryption 278

EBizCharge

MARCH 18, 2025

As data breaches evolve and advance, a robust payment processing system that protects sensitive financial information is essential. For companies using Sage 100, understanding how to process credit cards securely is not just an option it’s a necessity. What is Sage 100?

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Credit Cards Process Security Data Breach 52

Bank Automation

FEBRUARY 16, 2024

Bank of America is working to control the fallout following an October data breach at third-party vendor Infosys McCamish Solutions.

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Data Breach Third Party Vendors Breach Product 121

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. What is this article about?

Privacy 88

Privacy Payment Security AI Security 88

Bank Automation

MAY 20, 2024

The Securities Exchange Commission is setting stricter guidelines on how financial institutions deal with data breaches as cyberattacks climb. The federal watchdog is looking to implement […]

Data Breach 80

Data Breach Breach Regulations Privacy 80

Bank Automation

SEPTEMBER 16, 2024

Ally Financial faces two class action lawsuits in the wake of a data breach earlier this year. 7, are suing Ally Financial subsidiary Detroit-based Ally Bank for: […] The post Ally faces legal battle after data breach appeared first on Bank Automation News.

Data Breach 81

Data Breach Breach Legal Automation 81

Fintech News

NOVEMBER 10, 2024

Ransomware and data breaches gain in sophistication Although ransomware and data breaches decreased in H1 2024, these threats continue to pose significant challenges. However, the overall number of individual ransomware and data breach incidents tracked by Visa PFD decreased by 12.3%

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Ransomware Data Breach Scams AI 116

PYMNTS

NOVEMBER 3, 2020

One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. Folksam said it had accidentally allowed big tech companies to access customers’ private data, Bloomberg reported. elections or fraudsters looking to take advantage of the pandemic’s eCommerce trends.

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Data Breach Breach Cybersecurity NOV 102

Payments Source

OCTOBER 30, 2020

Mastercard has rolled out a set of AI-powered tools to thwart fraud and data breaches across banks' ecosystems, particularly to benefit acquirers’ online merchants.

Visa 137

Visa AI Data Breach Security 137

Fintech News

NOVEMBER 24, 2024

Finastra, a major financial software provider that serves many of the world’s leading banks, is grappling with a data breach. The company confirmed the incident to TechCrunch following a hacker’s claim of compromising Finastra ‘s internal file-transfer platform and subsequent attempts to sell the stolen data.

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Breach Compromise Data Breach Credential 114

VISTA InfoSec

MAY 24, 2024

In an era where digital transactions reign supreme, ensuring the security of payment card data is paramount for businesses. It demonstrates its commitment to security and customer protection, enhancing its reputation as a trustworthy and reliable company. This assessment will help determine the scope of the compliance efforts.

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PCI DSS Small Business Assessments Compliance 243

Fintech Finance

DECEMBER 6, 2024

Mastercard has partnered with Sympla , the leading events platform in Brazil, and Yuno , a global payments orchestrator based in Latin America, to bring its Payment Passkey Service to the region and accelerate secure online checkout for shoppers. Upon successful authentication, the transaction is completed.

Visa 98

Visa Authentication Scams Payments 98

VISTA InfoSec

JULY 19, 2024

It affects how secure the hardware is, as well as how well data stays safe. This is why it’s extremely important for them to design electronic devices with security in mind. That is, to only use PCBs with robust security features. This is also why secure hardware design on PCBs matters.

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Cybersecurity Encryption Fraud Detection CHIPS 264

TechCrunch Fintech

NOVEMBER 20, 2024

An incident disclosure shared with Finastra's banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved. For personal use only.

Data Breach 120

Data Breach Breach FinTech Cybersecurity 120

Basis Theory

NOVEMBER 12, 2024

Historically, data security has been treated as featureless and burdensome—but a necessary expense incurred by organizations. Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers. The tokenization platform securely stores the sensitive data.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

Bank Automation

FEBRUARY 15, 2024

Financial institutions prioritize investment in cybersecurity technology but no matter how much they spend for protection, their systems and data remain vulnerable. “You could never say any organization is 100% secure and they’ll never be hacked,” Ray Kelly, fellow at cybersecurity company Synopsys Software Integrity Group, told Bank Automation News, (..)

Data Breach 84

Data Breach Breach Security Cybersecurity 84

PYMNTS

APRIL 12, 2020

The notice did not say there had been any breach of company data, and it didn’t say if customers had lost anything or what the fraudulent emails had been asking for. Italian bank Monte dei Paschi was the victim of a hacking attempt, according to a notice seen by reporters recently, Reuters reported.

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Data Breach Breach Identity Theft Law Enforcement 122

VISTA InfoSec

APRIL 5, 2024

Furthermore, complementing it with a managed security service provider (MSSP) ensures IT systems are secure and protected from malicious software threats. Data privacy and security Protecting your data and taking preventive measures to keep it away from fraudsters is important in the era of remote work.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

VISTA InfoSec

JULY 31, 2023

The PCI DSS Checklist is a crucial first step in securing your business. It’s a tool that helps businesses ensure they’re meeting all the requirements of the Payment Card Industry Data Security Standard (PCI DSS). The QSA will review the business’s security measures and access controls, and provide a report on their findings.

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PCI DSS Security Encryption Compliance 130

VISTA InfoSec

SEPTEMBER 5, 2024

Small and medium enterprises (SMEs) are especially vulnerable to these attacks due to limited resources and a lack of cyber security expertise. Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. What are the most common cyber security threats for SMEs?

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Small and medium enterprises (SMEs) are especially vulnerable to these attacks due to limited resources and a lack of cyber security expertise. Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. What are the most common cyber security threats for SMEs?

Security 130

Security Phishing Ransomware Risk Assessment 130

Finextra

DECEMBER 12, 2024

In today's digital landscape, where data breaches and cyber threats are increasingly prevalent, ensu.

ISOs 105

ISOs Data Breach Breach Security 105

The Fintech Times

MARCH 28, 2025

Organisations face a series of challenges, from eroding profit margins to reputational risks to data breaches as fraud grows. By accounting for these differences, organisations that use the solution can adapt their fraud prevention strategies to specific local risks, strengthening security and promoting financial inclusion.

Financial Crimes 76

Financial Crimes Crime Fraud Prevention Due Diligence 76

Fintech Finance

SEPTEMBER 18, 2024

Tribe Payments, the innovative digital payments and infrastructure orchestrator specialising in issuer and acquirer processing, has achieved ISO 27001 certification, the strongest possible global information security standard.

ISOs 98

ISOs Security Payment Security Payment APIs and Integration 98

Payments Source

AUGUST 26, 2019

Not only does it illustrate the willingness of regulators to impose massive fines for massive data breaches, it also reminds us that this situation could be just the tip of a financial iceberg, says White Hat Security's Mark Rogan.

Regulations 125

Regulations Data Breach Breach Security 125

The Payments Association

FEBRUARY 26, 2025

Outdated security methods like OTPs and siloed authentication methods dont provide the strong security or seamless customer experience needed to stay competitive post-PSD2. million in 2023, the payments ecosystem still needs stronger security measures. Yet, the debate on payment security versus user experience continues.

Authentication 88

Authentication Risk Compliance Fraud Prevention 88

Fintech Review

JANUARY 30, 2025

trillion, and the annual IBM Cost of Data Breach Report claims that one such penetration “costs” the affected business around $4.45 Fintech is a dynamic field that flourishes thanks to the simplifying of financial processes with strong security guarantees for money in the digital world.

Regulations 98

Regulations Risk Management Participant Cybersecurity 98

PYMNTS

APRIL 13, 2020

For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security. An awful lot of other things have changed all around that core, however.

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Security Account Takeovers Caps Accounts 129

VISTA InfoSec

OCTOBER 21, 2024

It affects how secure the hardware is, as well as how well data stays safe. This is why it’s extremely important for them to design electronic devices with security in mind. That is, to only use PCBs with robust security features. This is also why secure hardware design on PCBs matters.

Cybersecurity 189

Cybersecurity Encryption Fraud Detection CHIPS 189

Fintech News

MAY 27, 2024

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

APACS 114

APACS Data Breach FinTech Fraud Prevention 114

Stax

MARCH 18, 2025

It ensures the secure transfer of funds from a customer to a merchant via their preferred payment method. A payment processing system is a technology that facilitates the secure transfer of funds from a customer to a merchant. They set interchange fees and security standards for processing payments.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

VISTA InfoSec

JUNE 7, 2024

As flexible working arrangements become increasingly common across every industry, companies need secure, dependable ways to grant remote employees online access to company data, services, and applications. With ZTNA, companies will no longer have to tolerate higher security risks in the name of maintaining productivity.

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Micro-Entry Data Breach Breach Cybersecurity 162

The Fintech Times

JULY 30, 2024

The cost of data breaches has been on a steady incline for the past decade. However, evidence from IBM , a multinational tech firm, suggests that in the next 10 years, breaches could cost a lot more as we just experienced the highest year-on-year jump in cyber attacks (10 per cent).

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Data Breach Breach AI Law Enforcement 59

VISTA InfoSec

JANUARY 18, 2024

with a particular emphasis on the move towards ‘network security controls’. As a reminder, the Payment Card Industry Data Security Standard (PCI DSS) is a comprehensive set of security requirements that all organizations handling cardholder data must adhere to. With the impending retirement of PCI DSS v3.2.1

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PCI DSS Procedures Encryption Security 289

Clearly Payments

JANUARY 15, 2025

PCI Compliance Fees What It Is: A fee for ensuring your business complies with Payment Card Industry (PCI) security standards. Why Its Hidden: Often listed as an annual compliance fee or security fee, and merchants sometimes arent aware they can shop around for lower compliance service costs.

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Process Processors Gateways Push-to-Card 105