PYMNTS

AUGUST 23, 2019

Belgian and German data protection regulators were notified by Mastercard of a possible data breach, Bloomberg reported on Friday (Aug. The breach was first noticed on Aug. 19 and “affected a large number of data subjects,” the Belgian watchdog said in a statement.

Breach 61

Breach Visa Third Party Vendors Third-Party Service Provider 61

PYMNTS

JUNE 29, 2018

disclosed it had suffered a data breach, the company also revealed the cause of the cybersecurity incident: a third-party vendor. As the latest breach to hit a major, global conglomerate, the attack on Ticketmaster highlights the growing threat of cyber-weaknesses down a company’s supply chain.

Cybersecurity 49

Cybersecurity Breach Risk Third Party Vendors 49

PYMNTS

MARCH 6, 2017

In 2016, there were 1,093 data breaches according to the Identity Theft Resource Center – a 40% increase over the 2015 data breach number of 781. Malware was the culprit in the multi-million-dollar Home Depot, Target, Wendy’s and PF Chang’s breaches. Malware and its Role in Data Breaches.

Data Breach 47

Data Breach Third Party Vendors Encryption Identity Theft 47

PYMNTS

AUGUST 4, 2017

Since the internet came into mainstream use in the 1990s, there have been myriad cyber infiltrations into sensitive data. businesses and organizations saw a 40 percent increase in data breaches , bringing its total to 1,093 reported incidents. In 2016 alone, U.S.

Posting 44

Posting Consumer Data Breach Third Party Vendors 44

PYMNTS

NOVEMBER 15, 2016

Free data storage services, the report said, may be an irresponsible choice for SMEs, though the report also found that, regardless of the security of the cloud data storage service, employee mistakes are often to blame for data breaches at SMEs. NIST, operating under the U.S. Others, however, are more behavioral.

Security 76

Security Cybersecurity Small Business Third Party Vendors 76

The Fintech Times

DECEMBER 11, 2023

. “Identity providers will also continue to be targeted, with modern defensive postures being able to bypass controls like multi-factor authentication while threat actors will continue to target third-party vendors to scale their attacks. In fact, our claims data has shown a significant increase in this activity.

Cybersecurity 139

Cybersecurity Ransomware Authentication AI 139

PYMNTS

JUNE 20, 2019

Between data breaches exposing customer details and card information and the rise of card-not-present fraud as operations move online, digital businesses are challenged to stay abreast of payment security trends — and fraud is a massive issue for firms large and small.

B2B 73

B2B Fraud Detection Third Party Vendors Payments 73

PYMNTS

MAY 15, 2017

The challenge thus has become one where cybersecurity is not just centered on what must be done internally to protect a company and its customers, said Woodbury, but also to determine how third-party interaction with data is regulated. .

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

Nanonets

SEPTEMBER 25, 2024

  Limiting access to only authorized personnel, implementing Multi-Factor Authentication (MFA), and employing data masking techniques reduce the risk of data breaches.    To maintain data privacy and user trust, always stay compliant with regulations like GDPR, HIPAA, and SOC.

AI 52

AI Process Best Practices Reconciliation 52

PYMNTS

JULY 31, 2017

Regulators have reportedly informally reached out to the attorneys involved in the lawsuit underlying the release of information to figure out how the data breach happened. We are currently taking legal action to ensure the additional data is not disseminated, and we are requesting its rapid return.

Payment APIs and Integration 40

Payment APIs and Integration Third Party Vendors Cybersecurity Data Breach 40

CB Insights

JUNE 6, 2019

The Secret Service informed Altrec that the attackers had exploited a vulnerability in the payments processing system of a third-party vendor. Although the precise number of AmEx cardholders affected was never determined, Altrec notified approximately 100,000 of its customers as a precaution.

Breach 78

Breach On-Demand Product Acquirers 78

CB Insights

JULY 23, 2020

Past incidents from biotech and genealogy companies have dampened public trust in the privacy of health data. For example, in 2018, 23andMe entered a $300M deal to sell data to drug giant GlaxoSmithKline, while in 2019, MyHeritage experienced a data breach that exposed details from 92M+ accounts.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

PYMNTS

FEBRUARY 12, 2019

The case highlights the risks and challenges companies face in not only vetting their suppliers, but vetting their suppliers’ suppliers, with third-party vendors a potential source of non-compliance for importers. The 156 shipments could have yielded a maximum fine of more than $40.8 million, reports said, but e.l.f.

Settlement 43

Settlement Compliance Risk OFAC 43