PYMNTS

SEPTEMBER 23, 2020

California-based Jumio said its artificial intelligence (AI)-fueled identity verification offerings are now available to Microsoft Azure Active Directory External Identities for business-to-consumer (B2C) clients.

Verification 92

Verification B2C Best Practices Data Breach 92

PYMNTS

DECEMBER 31, 2018

So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Even more disturbing, perhaps, is that 68 percent of those breaches took months for the breached companies to discover. According to early reports, the data breach impacted 0.5

Data Breach 92

Data Breach Breach Database Compromise 92

PYMNTS

OCTOBER 14, 2016

Another day, another potential data breach for a major retailer. The latest victim is apparel and accessory retailer Vera Bradley , as the company said it is investigating a potential payment card breach that might have impacted cards used at Vera Bradley stores between July 25 and Sept. Or so it seems. 23 of this year.

Data Breach 64

Data Breach Breach Verification Security 64

PYMNTS

SEPTEMBER 17, 2020

Identity verification provider Jumio found in its Global Trust and Safety Survey that one in five U.S. The sharing economy — a market projected to be valued at more than $300 billion by 2025 — can adopt a number of different digital identity verification tools to help build that trust, however. . Seamless, Secure Onboarding .

Verification 89

Verification Authentication Economy Data Breach 89

VISTA InfoSec

APRIL 5, 2024

Operational interruption happens when cybersecurity is breached. Data breaches don’t easily get overlooked. The aftermath of a data security concern could change the landscape of your business, depending on the incident. Also, training employees in the appropriate handling of data will significantly improve security.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

EBizCharge

MARCH 18, 2025

As data breaches evolve and advance, a robust payment processing system that protects sensitive financial information is essential. By protectin g payments in Sage 100, your company can reduce the risk of data breaches and fraud, ensuring a secure experience for all parties involved.

Credit Cards 52

Credit Cards Process Security Data Breach 52

PYMNTS

MARCH 6, 2018

After its point of sale (POS) systems were reportedly affected by malware designed to capture credit card information, RMH Franchise Holdings is warning that its Applebee’s restaurants in 15 states suffered a data breach. The company said all its 167 locations were impacted, Bank Info Security reported. “In

Data Breach 56

Data Breach Breach Point-of-Sale (POS) Law Enforcement 56

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

PYMNTS

NOVEMBER 26, 2020

This process requires consumers to provide not only their usernames and passwords to access services, but also an additional form of verification such as a biometric identifier or a code that can be emailed to them or sent via text message. Leveraging phone-based verification. A silver lining exists, however.

Verification 69

Verification Security Authentication Online and Mobile Banking 69

Fintech Review

APRIL 20, 2025

It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption. In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. What Is Cybertech?

Finance 52

Finance Security Fraud Detection Encryption 52

Stax

APRIL 3, 2025

The solution should implement the following data security measures: PCI compliance – The Payment Card Industry Data Security Standard (PCI DSS) is a payment data handling regulation designed to keep cardholder data safe. This protects sensitive payment data from interception by cybercriminals.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

PYMNTS

MAY 20, 2016

Remember that LinkedIn data breach in 2012? The company announced this week that it’s recently been discovered that email and password information for more than 100 million LinkedIn members has been released as part of the data breach that was initially believed to have only impacted 6.5 million accounts.

Data Breach 43

Data Breach Breach Database Blocks 43

Fintech News

APRIL 10, 2024

Entrust, known for its trusted payment and data security solutions, has finalised its acquisition of identity verification company Onfido. Todd Wilkinson “With the acquisition of Onfido, our customers can leverage global-leading identity verification technology to meet the new challenges of cybersecurity in the age of AI.

Verification 107

Verification Data Breach Encryption Cybersecurity 107

PYMNTS

APRIL 3, 2019

Cognito CEO Alain Meier and his colleagues at the identify verification service have a peculiar way of freaking out payment and commerce operators. In a new PYMNTS interview, Karen Webster and Meier talked about the power of the phone number and the role it can play as companies and consumers put more focus on ID verification.

Verification 59

Verification Money Laundering Authentication API 59

PYMNTS

OCTOBER 1, 2019

Another day, another data breach – at least it seems that way sometimes. Mobile device attributes for verification took the lead (44 percent), followed by artificial intelligence (42 percent) and machine learning (41 percent). The latest involves DoorDash , and reportedly impacted around 4.9

Data Breach 57

Data Breach Breach Account Takeovers Fraud Prevention 57

PYMNTS

SEPTEMBER 18, 2020

PYMNTS’ September Digital Identity Tracker® done in collaboration with Jumio delves into the latest in digital identity verification, especially as it pertains to the recovering sharing economy. Given that “Almost two-thirds of U.S. More than 111 million U.S.

Verification 62

Verification Economy Authentication Account Takeovers 62

Clearly Payments

JANUARY 15, 2025

Address Verification Service (AVS) Fees What It Is: AVS is an extra layer of fraud protection that checks the billing address entered by the customer. Maintain PCI Compliance Why It Matters: Non-compliance fees can be high, and a data breach can be devastating. Cost Range: Often $0.01$0.10 per transaction.

Process 105

Process Processors Gateways Push-to-Card 105

PYMNTS

FEBRUARY 10, 2020

Biometric digital identity verification solutions are becoming more and more commonplace thanks to their implementation in everyday devices like smartphones and fitness wearables. Biometric verification is being installed in payment cards as well. billion smartphones equipped with fingerprint recognition in the same timeframe.

Data Breach 94

Data Breach Point-of-Sale (POS) Push-to-Card Breach 94

PYMNTS

JUNE 4, 2019

However, if data is vital to the digital economy, so is identity (ID) verification. If anything has become clear within the last few years, it’s that electronic ID verification — using digital methods and data to confirm and authenticate identities — is increasingly taking on crucial importance. Evolving ID.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

Basis Theory

NOVEMBER 12, 2024

Instead of using the original sensitive data, developers and their applications use previously-generated tokens to execute traditional operations that sensitive data would provide, like performing analyses, generating documents, or customer verification.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

PYMNTS

FEBRUARY 13, 2020

Equifax reported results that showed growth in key mortgage and verification segments even as it continued to reserve for costs related to the 2017 data breach that exposed the records of roughly 145 million Americans. Equifax said it took a $99 million charge for legal proceedings and settlements tied to the 2017 data breach.

Verification 53

Verification Data Breach Breach Settlement 53

PYMNTS

APRIL 20, 2017

While the risk of a breach had been known and an investigation launched at the end of last year , the full scale of the malware had not been discovered until more recently. A spokesperson for IHG had provided the following statement: “IHG takes the protection of payment card data very seriously. up 40 percent from 2015.

Data Breach 45

Data Breach Breach Card Network Rules Best Practices 45

Payments Source

NOVEMBER 6, 2018

The breach may have occurred through a technique called "credential stuffing," in which hackers who have stolen passwords for other websites try them out on an online banking site.

Breach 71

Breach Data Breach Credential Accounts 71

M2P Fintech

MARCH 24, 2025

Back in the day, loan management system s were synonymous with pile s of paperwork involving intricate manual calculations and lengthy verifications, leading to slow approvals. However, the influx of data from growing loan portfolios soon became overwhelming, slowing decisions. over the forecast period of 2024 to 2032.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. said Vyacheslav Zholudev, CTO and co-founder of Sumsub.

APACS 107

APACS Fraud Prevention Deepfake Account Takeovers 107

PYMNTS

JULY 31, 2018

mobile phone and electronics retailer, disclosed on Tuesday (July 31) an update on a data breach in which it found unauthorized access in the past to some of its data. The company noted there is evidence that data was taken off its servers, but that those records didn’t contain payment card or bank account details.

Data Breach 40

Data Breach Breach CHIPS Cybersecurity 40

PYMNTS

AUGUST 6, 2019

The use of digital ID verification methods is becoming more prevalent in consumers’ everyday lives. Last month, a hacker exposed the personal data of more than 100 million Capital One customers and applicants in a single data breach. With that shift, governments such as the U.K.’s

Verification 59

Verification Authentication Governance Government 59

The Payments Association

DECEMBER 9, 2024

LLMs are sophisticated algorithms trained on vast amounts of text data, enabling them to generate human-like text, interpret complex queries, and process vast amounts of transactional data. Sweeney says: Payment systems must facilitate near-instant payments, which leaves little time for traditional analysis or verification.

Privacy 88

Privacy Payment Security AI Security 88

VISTA InfoSec

JUNE 3, 2024

In such attacks, cybercriminals exploit weak or reused passwords to breach multiple accounts, leading to significant data breaches and financial losses. MFA requires users to provide two or more verification factors, such as a password and a one-time code sent to their mobile device.

MFA 130

MFA Credential PCI DSS Compliance 130

PYMNTS

NOVEMBER 8, 2016

Given the staggering volume that comes through in the banking industry, it would follow that securing those accounts would be imperative, especially in the wake of the seemingly innumerable data breaches worldwide. Halfway through 2016 alone, she stated, there had been 974 known data breaches that have affected half a billion people.

Security 74

Security Verification AML Data Breach 74

Fintech News

JANUARY 17, 2024

Banks need advanced identity verification and authentication techniques to counter synthetic fraud, including document verification, identity graph analysis, and behavioural biometrics. Collaborative data-sharing initiatives can also help uncover synthetic identity patterns across institutions.

Deepfake 122

Deepfake APACS Scams Authentication 122

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. With fraudsters getting bolder, banks, retailers and consumers are recognizing that stronger verification is now a necessity. Fraud is rampant and thriving.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

PYMNTS

NOVEMBER 13, 2020

Under the proposed new law, citizens would be able to change their ID number if a data breach would possibly expose them to identity theft. In an interview with PYMNTS , Philipp Pointner, chief product officer for Jumio, said that the coronavirus could accelerate the move to digital ID verification.

Breach 69

Breach Laws Identity Theft Data Breach 69

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. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

AUGUST 21, 2018

When it comes to the bond between consumer and financial services, no doubt the relationship is a bit, well, frayed in the age of data breaches and the Dark Web. Data Point Four: 12 Percent. The FIs, aided by machine learning in their verification efforts, have potent weapons in the arsenal.

Data Breach 42

Data Breach Breach Laws Authentication 42

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. More than 90 percent of Americans have fallen victim to online scams, data breaches, identity theft or other forms of fraud, though certain varieties are more common than others.

Phishing 64

Phishing Data Breach Breach Scams 64

PYMNTS

AUGUST 7, 2019

Even if one tried, it would be hard to ignore the near-constant reports of data breaches. Based on the flurry of consumers scrambling to get their $125 settlement from Equifax , data security is an issue with far-reaching consequences. Conventional methods like knowledge-based verification have come under fire recently.

Authentication 74

Authentication Verification Breach Blockchain 74