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. credit card or social security numbers).

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

PYMNTS

DECEMBER 31, 2018

HBC today [April 2] announced that it has become aware of a data security issue involving customer payment card data at certain Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor stores in North America,” the company wrote in a statement. about a potential data security incident. Fitness Hacks. Exactis Hack.

Data Breach 92

Data Breach Breach Database Compromise 92

Stax

NOVEMBER 6, 2023

Loss, corruption, improper use, and unwanted access to a company’s data assets can lead to immense negative publicity, which in turn can cause irreparable reputation damage, fines, sanctions, and loss of profits. Moreover, companies need to follow data privacy and compliance requirements to stay in business.

Encryption 88

Encryption PCI DSS Data Security Origination 88

PYMNTS

DECEMBER 18, 2018

It’s a tall order — healthcare providers must deal with a consumer base that’s growing more concerned with data security, but tends to shunt the responsibility. Conversely, more than 40 percent of these same users place a huge amount of importance on data security when it comes time to access their health information or accounts.

Authentication 61

Authentication Data Security Social Security Security 61

PYMNTS

NOVEMBER 6, 2018

The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties. PCI compliance is vitally important for businesses that process credit cards. Gearing up for GDPR.

PCI DSS 71

PCI DSS Privacy Breach Irrevocability 71

PYMNTS

MAY 22, 2020

Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.

Data Breach 53

Data Breach Breach Request for Comment Social Security 53

PYMNTS

FEBRUARY 26, 2020

Deep Dive: Credit Unions Face Data Breach Challenges. Credit unions, like any FI, are sitting on a trove of valuable personal information, such as credit card data and Social Security numbers, that hackers would do anything to get their hands on.

Credit Union 77

Credit Union Data Breach Security Innovation 77

FICO

FEBRUARY 16, 2021

In June 2020, the US Social Security Administration (SSA) launched their electronic consent-based verification service (eCBSV). The eCBSV is an electronic service that offers registered members, such as banks, the ability to confirm the social security number of their customers, with the customers consent.

Verification 52

Verification Social Security Checks Security 52

PYMNTS

DECEMBER 8, 2017

Equifax was hit with what will likely be ranked as the breach of the year (or maybe even the century), which saw the personal data of 160 million (essentially the entire U.S. Stolen information included names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. consumers.

Data Security 40

Data Security Data Breach Breach Security 40

Clearly Payments

JANUARY 8, 2024

A crucial aspect of risk management involves adhering to the Payment Card Industry Data Security Standard (PCI DSS) , which sets stringent guidelines for securing payment transactions and protecting cardholder information.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

SEPTEMBER 22, 2020

Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice. Some expressed hesitancy surrounding sharing their U.S.

Compliance 76

Compliance Online and Mobile Banking Privacy SWIFT 76

PYMNTS

AUGUST 8, 2019

The move toward new forms of ID verification comes as regulators and politicians increase their focus on data security in the wake of Equifax and other breaches. Meier said there is serious pressure to move further away from knowledge-based authentication methods and even Social Security numbers.

Security 58

Security Verification Online and Mobile Banking Breach 58

PYMNTS

DECEMBER 21, 2018

.” And the problem, he added, is likely going to get worse before it gets better, as more and more sensitive consumer data finds its way into the hands of bad actors. The bad guys, Moorer noted, have data – and lots of it. The Consumer As A Frontline Against Fraud.

EMV 74

EMV Push-to-Card Fraud Prevention Rules 74

PYMNTS

APRIL 5, 2018

The breached information included names, Social Security numbers, birthdates, addresses and, in some instances, drivers’ license numbers. These allegations state a viable claim for violation of the data security regulations,” Salinger wrote. as well as the credit card numbers of approximately 209,000 people.

Federal Trade Commission 43

Federal Trade Commission Request for Comment Breach Data Breach 43

PYMNTS

JULY 9, 2018

However, when it comes to security of those transactions, specifically data security, technology comes up short. Part of that comes because fraud is always evolving, and fraudsters are pushing constantly to find the vulnerabilities in firms’ and consumers’ best efforts to protect data.

Social Security 40

Social Security PCI DSS Encryption Push-to-Card 40

PYMNTS

FEBRUARY 10, 2020

According to TechCrunch , i360, an advertising and data company, no longer asks for full Social Security numbers, opting instead for the last four digits. Comcast asks for the same, and adds an additional requirement asking customers for a selfie before it will turn over customer data.

CCPA 62

CCPA Laws Privacy Data Breach 62

PYMNTS

FEBRUARY 29, 2016

Unfortunately, some very useful stuff, including W-2 forms with names, ages, Social Security numbers, wages, stock option gains and benefits. ” Phishing has become an endemic problem in enterprise data security, as hacking people is often easier than hacking sophisticated tech.

Phishing 41

Phishing Scams Social Security Payroll 41

PYMNTS

MAY 15, 2017

While the information hacked included names, account numbers, expiration dates and verification codes, Brooks Brothers confirmed sensitive information like social security numbers and addresses weren’t compromised. At this time, the company has not disclosed the number of accounts impacted.

Breach 46

Breach Compromise Social Security Payments 46

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. It was never meant to be shorthand for, well, you – proving that you are who you say you are, serving as a gateway to all manner of sensitive data and, of course, financial accounts. That is what happens when politicians create rules,” Madhu said.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

EBizCharge

JULY 16, 2024

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. Under NACHA’s stewardship, the ACH network processes various payments, including direct payments for payroll, social security benefits, tax refunds, and more.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

FEBRUARY 28, 2020

Failing to prevent a data breach is a surefire way to lose that trust, however. Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. CUs’ Tools To Secure Member Privacy . It also revealed that 60.8

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

CB Insights

JULY 31, 2019

Capital One suffers data security incident. Capital One notified customers that its data was compromised by a hacker as a result of a firewall misconfiguration. Initial estimates by the company report that the data of 106M individuals may have been affected.

Privacy 28

Privacy Acquirers Social Security Compromise 28

PYMNTS

JULY 17, 2019

Clinical Pathology Laboratories (CPL) is the latest victim of a data security breach at the billing collections service American Medical Collection Agency (AMCA). The AMCA has advised CPL that patients’ Social Security numbers were not involved in the incident. Days later, 7.7

Breach 40

Breach Data Breach Social Security Compromise 40

PYMNTS

JUNE 15, 2018

Technical and non-technical professionals within an organization that adopts ALTR’s offerings, the firm has said, will be on the same page when it comes to data security, and who has access to what information, and at what time. The ALTR platform is built on ALTRchain, which the firm says ensures “ultra-secure” data access and storage.

Blockchain 43

Blockchain Security Database Social Security 43

PYMNTS

JUNE 29, 2018

We are alerting certain consumers who purchased on adidas.com/US about a potential data security incident. Earlier this year, Under Armour revealed that it suffered one of the biggest hacks in history after data from 150 million users of its MyFitnessPal diet and fitness app was compromised in February. “The

Data Breach 40

Data Breach Breach Compromise Encryption 40

PYMNTS

FEBRUARY 10, 2020

According to TechCrunch , i360, an advertising and data company, no longer asks for full Social Security numbers, opting instead for the last four digits. Comcast asks for the same, and adds an additional requirement asking customers for a selfie before it will turn over customer data.

CCPA 52

CCPA Laws Privacy Data Breach 52

PYMNTS

OCTOBER 30, 2018

For example, the number of instances in which attackers went after Social Security numbers increased eightfold between 2016 and 2017. Small businesses that fail to safeguard not only their own data, but their customers’ data as well, “can lead to an immediate loss of trust,” the report said.

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

MARCH 2, 2018

And in terms of the data that was taken, hackers accessed driver’s license data but not Social Security numbers. We invested heavily in advancing our data security infrastructure and improving our consumer support and we delivered on our financial commitments.”. Investigations continue, said the company.

Breach 41

Breach Data Breach Identity Theft Data Security 41

PYMNTS

MAY 17, 2018

There is no evidence that any data involved creating fictitious accounts for retail consumers, as was the case in the scandal from about two years ago.

Office of the Comptroller of the Currency 58

Office of the Comptroller of the Currency Federal Reserve Money Laundering Regulations 58

PYMNTS

NOVEMBER 1, 2018

Unless a user opts out, Equifax will automatically share the name, address, date of birth, Social Security number and self-provided phone number and email address with Experian for anyone who signed up for its TrustedID Premier service after the breach.

Enrollments 50

Enrollments Data Breach Breach Cybersecurity 50

PYMNTS

DECEMBER 3, 2018

A consumer who tries to make an online purchase of eCigarettes might be asked to prove their age by — depending on the retailer — submitting a scan of their driver’s license, for instance, or entering the last four digits of their social security number, with that merchant then doing a background check.

Authentication 70

Authentication Privacy Checks AI 70

PYMNTS

APRIL 30, 2018

The data breach occurred on March 23 when Nelnet, a vendor that processes student loans for Access Group, sent out the files. The breached information included the names, drivers’ license numbers and Social Security numbers of borrowers.

Data Breach 47

Data Breach Breach Social Security Encryption 47

PYMNTS

APRIL 4, 2018

The patented PII Data Protection Appliance enables VOIP contact centers to secure PII data at the point of entry without disrupting the telephony voice path. Brown said, “The patent reinforces our commitment to data security in [a] contact center environment, while preserving our customer’s infrastructure investments.”. .

Duplicate 43

Duplicate PCI DSS Credit Cards Social Security 43

PYMNTS

APRIL 27, 2020

We deal with PCI and data … security … and [we’re] very serious about who we are … as a payments processor,” McCarthy said. One of our largest clients is Comerica Bank , and they service the Social Security Administration [SSA] and Veterans Affairs …through the world’s largest … debit program, Direct Express.

Process 52

Process Online and Mobile Banking Social Security Processors 52

PYMNTS

SEPTEMBER 28, 2017

The fact remains that the very data that is readily available across all conduits of transactions – from phone numbers to Social Security numbers – are there for the taking, across all manner of firms, and can be used as building blocks to create sophisticated ways to defraud the innocent. They want to be validated, he added.

Enrollments 43

Enrollments Breach Fraud Detection Social Security 43

PYMNTS

SEPTEMBER 29, 2017

That the Equifax breach will be a major watershed moment in the history of data security, impacting consumers nationwide for years to come, is not a terribly controversial point. Historically, in a multifactor authentication scheme, the combination of all those data elements was what prevented the bad guys from getting access.

Account Takeovers 41

Account Takeovers Accounts Data Breach Breach 41

Nanonets

JULY 29, 2024

Data security With a surge in free OCR tools, data security is at a major risk. Extract field from salary slip An advanced OCR captures and accurately extracts different key-value pairs from a salary slip. Payslips include sensitive information about employees and companies.

Payment APIs and Integration 52

Payment APIs and Integration Payroll Automation API 52