VISTA InfoSec

AUGUST 8, 2023

A cyber attack can cause devastating financial damage to your business, including legal liabilities. Encrypting your most critical data in return for a huge payment before restoring access. As a result, you may face legal liabilities and fines, and your customer may never trust your business again. 5/5 - (2 votes)

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

PYMNTS

DECEMBER 11, 2019

10) over the companies’ decision to use encryption technology, according to a report by Reuters. Facebook announced end-to-end encryption throughout all of its messaging earlier in 2019, and its WhatsApp service has been encrypted practically since its inception. . That is not something we are prepared to do.”.

Law Enforcement 52

Law Enforcement Encryption Laws Privacy 52

PYMNTS

DECEMBER 11, 2019

10) over the companies’ decision to use encryption technology, according to a report by Reuters. Facebook announced end-to-end encryption throughout all of its messaging earlier in 2019, and its WhatsApp service has been encrypted practically since its inception. . That is not something we are prepared to do.”.

Law Enforcement 52

Law Enforcement Encryption Laws Privacy 52

VISTA InfoSec

APRIL 3, 2024

Such lapses result in financial loss and legal repercussions, and they can also irreparably damage a company’s reputation. Encryption is a vital safeguard that transforms data into a format that is unintelligible without the corresponding decryption key. Encrypted data remains safe from prying eyes both in transit and at rest.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

EBizCharge

NOVEMBER 27, 2024

The gateway acts as the intermediary that collects, encrypts, and transmits transaction data to the payment processor. Features like Address Verification Systems (AVs), Card Verification Value (CVV) checks, and encryption protocols protect sensitive customer data and minimize chargebacks.

Accounts 52

Accounts Payment Gateways Gateways Payment APIs and Integration 52

VISTA InfoSec

AUGUST 22, 2023

Use beyond the original purposes requires explicit consent or legal justification. Limitation of storage: The retention of biometric data must be in line with specific purposes, requiring defined retention periods and the deletion/anonymization of data after the fulfillment of the purpose or compliance with legal requirements.

Privacy 130

Privacy Legal Compliance Best Practices 130

Fintech News

OCTOBER 17, 2024

The project focuses on connecting the domestic open finance infrastructures of different jurisdictions, enabling secure, encrypted data sharing via APIs. Initially, it will focus on trade finance for SMEs, targeting products like letters of credit, trade credit insurance, and supply chain financing, with many more applications to follow.

Cross-Border 114

Cross-Border Finance Security Interoperability 114

EBizCharge

JUNE 28, 2024

The question “Is it legal to charge a credit card fee?” This article will explore the legality of charging such fees as well as the pros and cons associated with them. Surcharging is legal in many states and is regulated at the state and federal levels. is a legitimate inquiry for merchants seeking ways to offset these expenses.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

VISTA InfoSec

JANUARY 22, 2024

This is achieved through a multi-pronged approach: Data Encryption: Requirement 3 mandates the use of strong cryptographic controls such as encryption for stored cardholder data. Key Management: Requirement 3 also covers the secure management of cryptographic keys used for encryption of cardholder data. PCI DSS v4.0

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

VISTA InfoSec

NOVEMBER 12, 2024

If you are questioning whether PCI DSS is really mandatory after all its not a direct legal requirement, then yes, it is! PCI DSS Requirements for SaaS platforms Network security : SaaS platforms must secure their networks using firewalls, encryption, and other measures to prevent unauthorized access to sensitive data ( Requirement 1.1 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

If you are questioning whether PCI DSS is really mandatory after all its not a direct legal requirement, then yes, it is! PCI DSS Requirements for SaaS platforms Network security : SaaS platforms must secure their networks using firewalls, encryption, and other measures to prevent unauthorized access to sensitive data ( Requirement 1.1 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

OCTOBER 21, 2024

Encrypting messages and choosing secure ways to talk online are keys to keeping secrets safe in any language. Use encryption and strong passwords to protect messages. Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

Stax

DECEMBER 12, 2024

These capture, encrypt, and transmit the customers payment details from the eCommerce website to the payment processor. This encryption turns data into an unreadable format to prevent fraud and security breaches. They also risk facing penalties, legal issues, and a damaged reputation that could take years to rebuild.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

Stax

APRIL 10, 2025

Its role is to encrypt and securely transfer your customers payment data to your payment processor. All the data transfer between the digital wallet and your payment terminal are encrypted and the system also uses tokenization to ensure iron-clad data security. Digital currencies continue to experience extreme price volatility.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

PYMNTS

AUGUST 14, 2018

14) put forth a new law that would call on technology companies, including Apple, to provide access to encrypted data if they receive a warrant. Only the device receiving the message can understand the data and Apple doesn’t have access to the encryption code, so as a result they can’t provide access.

Encryption 40

Encryption Rules Law Enforcement Laws 40

Fintech Review

MARCH 18, 2025

This emerging technology holds particular relevance for fintech, which relies heavily on encryption to secure transactions and data. Researchers warn that powerful quantum computers could one day crack traditional encryption methods in a feasible time. Over time, cybersecurity threats pushed fintech security to evolve further.

Security 66

Security Encryption FinTech Breach 66

PYMNTS

APRIL 14, 2016

Tensions between Washington and Silicon Valley may heat up with the circulation of the latest proposal from lawmakers that would force private companies to unlock encrypted devices and technology at the request of a court order. In an interview with NYT , Microsoft President and chief legal officer Bradford L.

Encryption 40

Encryption Law Enforcement Laws Governance 40

PYMNTS

MAY 12, 2016

The head of the Federal Bureau of Investigation, Director James Comey, said on Wednesday (May 11) that more litigation looms over devices that are mobile and consumer-oriented and that encryption remains a form of “essential tradecraft” among terrorist groups, as reported by Reuters.

FBI 40

FBI Encryption Privacy Legal 40

VISTA InfoSec

JUNE 21, 2023

However, due to the nature of cybercriminal activity, it is crucial to react quickly and correctly to contain the incident, minimize any further damages, and protect your business from legal troubles. Be sure to familiarize yourself with state laws, which your legal counsel will be able to help with. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

MARCH 21, 2019

The longer we go into this analysis the more comfortable the legal people [at Facebook] are going with the lower bounds” in terms of estimating the number of users affected, the source said. Right now they’re working on an effort to reduce that number even more by only counting things we have currently in our data warehouse.”.

Encryption 64

Encryption Legal Risk Security 64

Fi911

FEBRUARY 26, 2025

Its not just a recommendation; for many financial institutions, its a legal requirement. Control Objective 2: Protect Cardholder Data Protect Stored Cardholder Data: Store only essential data and encrypt it using robust algorithms such as AES-256. Staying up-to-date with PCI-DSS compliance should be a top priority.

PCI DSS 52

PCI DSS Compliance MFA Assessments 52

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Segpay

OCTOBER 22, 2024

How Blockchain-Based Age Verification Works After an initial identity check by a trusted authority, the user’s age is securely encrypted and stored on the blockchain. Adult Entertainment: Blockchain can securely verify users’ ages in the adult industry by storing encrypted, immutable age data on a decentralized ledger.

Verification 105

Verification Blockchain Privacy Encryption 105

Stax

NOVEMBER 6, 2023

There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. Tokenization vs encryption Data encryption is another popular data security technique where data is transformed into an illegible format. The resulting token is essentially a proxy and has no real value.

Encryption 88

Encryption PCI DSS Data Security Origination 88

VISTA InfoSec

SEPTEMBER 14, 2023

As per Article 4 (7) , a data controller is defined as ‘a natural or legal person, public authority, agency, or other body which, alone or jointly with others, determines the purposes and means of processing personal data.’ While not a legal requirement, this step lays the foundation for your business to ensure full compliance.

Compliance 130

Compliance Privacy Legal Processors 130

Tearsheet

JULY 1, 2024

Two-factor authentication, encryption and fraud detection are minimum requirements. Security: These payment solutions come with strong security features like advanced encryption and authentication. Implement strong access controls and encryption/tokenization. BNPL is not your grandma’s layaway. Continuous monitoring.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

Segpay

DECEMBER 13, 2024

For example, a leaked password can be changed, but a stolen fingerprint cannot, underscoring the need for secure storage and encryption practices in identity management. Companies often need to invest in security infrastructure, legal expertise, and employee training to meet these standards.

Privacy 105

Privacy Compliance CCPA Authentication 105

Stax

SEPTEMBER 17, 2024

These include penalties, legal repurcussions, and the revocation of credit card processing privileges. Protect Stored Cardholder Data Organizations must protect stored cardholder data and other credit card information using encryption, masking, hashing, or other methods to make the data unreadable to unauthorized individuals.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

DECEMBER 2, 2019

Japanese multinational conglomerate SoftBank has announced the launch of SBC Wallet Cards, which utilize its own encryption system, and boast multiple encryption mechanisms, as well as hot and cold wallet functions. The SBC we built does not close to other encryption cards. Released on Nov.

Encryption 59

Encryption NOV Digital Currency Blocks 59

PYMNTS

MAY 19, 2020

The company said that a third party breached and used the phone number of a BlockFi staffer to get into a part of the company’s encrypted back-office system without permission. Multiple crypto operations serving the country, however, are legally based in other nations.

Data Breach 84

Data Breach Breach Digital Currency eWallet 84

Basis Theory

OCTOBER 1, 2024

Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Fintech Review

AUGUST 7, 2024

The Rise of the Electronic Bill of Lading The eBL is an electronic version of the traditional bill of lading, which serves as a legally binding document between exporters, importers, and shipping carriers. In an increasingly globalized and fast-paced world, these inefficiencies have become impediments to efficiency and competitiveness.

Risk Mitigation 102

Risk Mitigation Mitigation Facilitators Risk 102

VISTA InfoSec

SEPTEMBER 5, 2024

In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release. Once activated, the ransomware encrypts critical files, rendering them inaccessible until a ransom is paid.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release. Once activated, the ransomware encrypts critical files, rendering them inaccessible until a ransom is paid.

Security 130

Security Phishing Ransomware Risk Assessment 130

NFCW

JUNE 25, 2024

“The Eurosystem would use state-of-the-art measures, including pseudonymisation, hashing and data encryption, to ensure it would not be able to directly link digital euro transactions to specific users.” The digital euro is a common European endeavour.

Central Bank 103

Central Bank Online and Mobile Banking Legal Framework Caps 103

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Swipe fees have doubled in a decade and increased by 20% since 2022.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

EBizCharge

FEBRUARY 26, 2025

Additionally, it includes security features such as tokenization, encryption, and fraud prevention tools to ensure compliance with Payment Card Industry Data Security Standards (PCI DSS). Yes, NetSuite supports credit card surcharges, but businesses must comply with legal regulations. Does NetSuite support chargeback management?

Credit Cards 52

Credit Cards Process Payment APIs and Integration Payment Gateways 52