EBizCharge

MARCH 18, 2024

From names and addresses to medical insurance and social security, this information must be handled with the utmost care to ensure privacy and security. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that protects the privacy and security of individuals’ health information.

Venmo 52

Venmo Zelle Identity Theft Privacy 52

PYMNTS

MARCH 7, 2018

The new cards are being issued to protect consumers from identity theft. With that in mind, Medicare is removing Social Security numbers from its cards and replacing them with a unique Medicare number. The cards will be sent to the address on file with the Social Security Administration.

FTC 49

FTC Scams Identity Theft Federal Trade Commission 49

Center for Payments

FEBRUARY 10, 2023

By Madison Howard, Manager, Member Communications, EPCOR Of those who have experienced identity theft, which happens when someone utilizes your personal information to commit fraud, many share that it is an overwhelming and mentally draining experience. Protect your social security number. Only use secure WiFi networks.

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Identity Theft Federal Trade Commission Social Security Privacy 40

PYMNTS

DECEMBER 16, 2018

Underwood said all five companies had mobile apps that had a well-known security vulnerability that enabled hackers to intercept private data including passwords, social security numbers, credit card account numbers and bank account information.

Security 55

Security Identity Theft Settlement Encryption 55

PYMNTS

AUGUST 21, 2020

Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. The Security Threats Facing ITMs And How FIs Can Protect Them. billion by 2024.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

PYMNTS

FEBRUARY 21, 2018

After the Mueller indictments, do banks’ “day zero” identity verifications need a makeover? We’re referring, of course, to the act of opening a bank account from scratch, from the beginning – providing everything from name, address, Social Security number, identity documents and the like….

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PYMNTS

DECEMBER 20, 2019

Wawa is getting in touch with customers and offering free credit card monitoring, as well as identity theft protection, to anyone who has been affected. The information exposed did not include any financial information, Social Security numbers or password data. We promptly reported this to authorities.

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Data Breach Breach Identity Theft Credit Cards 52

PYMNTS

NOVEMBER 12, 2018

“HealthCare.gov is safe to use, and the agent and broker system is now available again with additional security measures in place. We are continuing to investigate this breach and putting additional security measures in place to make sure HealthCare.gov and the Marketplace process are safe and all consumer information is protected.

Identity Theft 71

Identity Theft Consumer Data Breach Breach 71

Fi911

JULY 8, 2024

The rise of online shopping has made eCommerce fraud an increasingly prevalent and sophisticated threat, necessitating advanced security measures to protect both merchants and customers. This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks.

Account Takeovers 87

Account Takeovers Fraud Detection Phishing Fraud Prevention 87

VISTA InfoSec

JULY 5, 2023

Data security has become an essential aspect of our lives and is more crucial than ever before. With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! What is data security in healthcare?

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PCI DSS Compliance Data Breach Breach 130

Fi911

JANUARY 18, 2024

Financial institutions employ various security measures to combat them. Account Takeover In an account takeover, a fraudster gains access to an individual’s existing financial accounts, such as bank accounts, email accounts, or social media profiles, without their consent. The scammer can simply pocket the funds and disappear.

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Account Takeovers MFA Fraud Detection Credit Cards 85

PYMNTS

FEBRUARY 19, 2019

What’s more, fraudsters are getting smarter, building out identities and initiating money transactions that are made to appear as legitimate as possible before making their move. Yet, how can banks protect against identity theft and application fraud with so many details compromised? Inverting the Fraud Approach.

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Identity Theft Data Breach Breach Verification 63

VISTA InfoSec

JUNE 21, 2023

Businesses with a dedicated cybersecurity team, who are likely to have identified the breach initially, should secure any systems, patch software, change access codes, and so on. Communicate clearly A data breach can expose people’s personal, financial, and health information, and in some cases, social security numbers can be taken too.

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Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

FEBRUARY 18, 2020

This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also gauging threats across many different channels. Estimates suggest that synthetic identity theft is responsible for approximately 80 percent of the banking industry’s credit card losses.

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Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

PYMNTS

JUNE 3, 2019

Quest revealed the information in a securities filing. Over that period of time, a hacker was privy to credit card numbers, bank accounts, Social Security numbers, medical information and other personal data. It has also relocated online payments to a third party and hired security experts.

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Compromise Identity Theft Data Breach Breach 53

Innovative Payments Association

JUNE 26, 2024

Secure Personal Information: Never give out personal information over the phone, through email, or online unless you initiated the contact and are sure of the recipient's identity. Identity Theft: Scammers steal seniors' personal information to open accounts or make purchases in their name.

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Scams Federal Trade Commission Identity Theft Law Enforcement 52

PYMNTS

SEPTEMBER 11, 2017

According to a news report in the The New York Post , hackers were able to steal customers’ data — including Social Security numbers — due to a weakness in open source software developed by Apache Software Foundation. consumers, putting them at risk of identity theft. Jeffrey Meuler, an analyst at Robert W.

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Database Breach Identity Theft Data Breach 66

PYMNTS

JANUARY 2, 2019

The identity theft firm 4iQ did a study last year about password use and found that almost half of the study respondents reused their passwords over multiple sites. Warby Parker said it would keep investing in technology that will continue to protect customers’ privacy and security when using the site.

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Cybersecurity Accounts Identity Theft Law Enforcement 74

PYMNTS

MARCH 26, 2016

According to court documents , Montgomery, Alabama resident Wendy Huff, who worked at two different insurance companies between January 2013 and August 2015, stole personal information of her employers’ customers, including their names, social security numbers and dates of birth.

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Identity Theft Treasury Checks Debit Card IRS 56

PYMNTS

DECEMBER 17, 2020

million in coronavirus-related fraud this year and 38,792 cases of identity theft. If someone typically uses a Social Security phone scam, they might now modify that to say, ‘this is the Social Security Administration, this is how we’re going to get you signed up so you can get your COVID-19 vaccine.’”.

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Scams IRS Federal Trade Commission FTC 84

PYMNTS

JUNE 21, 2016

Acer further noted that passwords, login credentials and Social Security numbers were not impacted by the breach. “Based on our records, we have determined that your information may have been affected, potentially including your name, address, card number, expiration date, and three-digit security codes.

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Compromise Identity Theft Federal Trade Commission Credential 42

PYMNTS

MARCH 27, 2020

First-party fraud seems difficult to perpetrate because loan applications typically require identity verification with Social Security numbers, which enable banks to track down loan applicants who go off the grid. The bad actors then cut off all contact with the bank, preventing it from recouping its losses.

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Identity Theft Technology Authentication Credit Cards 83

FICO

AUGUST 12, 2019

Industry estimates attribute around 80% of credit card fraud losses to synthetic identity fraud and child identity theft. (On On a clarifying note, synthetic identity creation is sometimes considered first-party fraud, whereas identity theft is considered third-party fraud. How Fraudsters Target Children.

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Identity Theft Federal Trade Commission Credit Cards Social Security 40

PYMNTS

FEBRUARY 22, 2018

Hackers who used to amuse themselves stealing credit cards have raised the level of their identity theft game such that 2017 was a record year — 16.7 Al Pascual, Javelin’s research director and head of fraud and security, expects 2018 to be another record year. That fraud run saw $16.8 They’re smarter now. billion last year.

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Identity Theft Account Takeovers Push-to-Card Social Security 56

PYMNTS

FEBRUARY 6, 2018

He noted that in all the news reports detailing the ravages of identity theft, one thing is notably missing: A list of free services – from the government and elsewhere – that can help individuals monitor whether they have been compromised and how to protect themselves. Data Point Number Two: 15.4

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Identity Theft Social Security Addressing Consumer 48

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. Yet those nine numbers have become a standard bearer for identity verification, a gold mine for fraudsters – maybe rendered moot by the huge breaches at Equifax and other companies. That is what happens when politicians create rules,” Madhu said.

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

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. No surprise, then, that identity theft is on the rise. Well, it can take years to discover.

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Identity Theft Social Security Money Laundering Fraud Prevention 42

FICO

DECEMBER 3, 2018

In this continuation of my recent video interview with Jesse Gossman , — a police detective in South Florida, Certified Fraud Examiner, and president of the counter-fraud consulting group Bottom Line Fraud — we discuss how synthetic identity fraud is perpetrated, how the synthetic identities are created, and why they look so real.

Identity Theft 40

Identity Theft Best Practices Fraud Detection Social Security 40

PYMNTS

DECEMBER 13, 2019

Payroll information for tens of thousands of Facebook employees, including banking information, names, bank account numbers and the last four digits of Social Security numbers, was stolen from an employee’s car in an apparent smash and grab, according to a report by Bloomberg. .

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Payroll Identity Theft Law Enforcement NOV 52

PYMNTS

JULY 28, 2020

Fraudsters and financial institutions (FIs) are constantly evolving to best each other, and growth in synthetic ID fraud is revealing that many banks must enhance their security measures to stay in the lead. Researchers dubbed synthetic ID fraud the “fastest-growing form of identity theft” in the U.S.

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Online and Mobile Banking Social Security Identity Theft Fraud Detection 53

PYMNTS

MAY 10, 2019

businesses. The allegations in the indictment unsealed today outline the activities of a brazen China-based computer hacking group that committed one of the worst data breaches in history,” Assistant Attorney General Brian A.

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Data Breach Breach Identity Theft Law Enforcement 46

PYMNTS

MARCH 1, 2019

Lawyers filed the suit on behalf of 28 million small businesses, arguing SMBs were disproportionately impacted by the security breach that compromised Social Security numbers and other sensitive data. ” .

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Small Business Identity Theft Breach Data Breach 47

PYMNTS

JUNE 22, 2020

And for the customers, there’s the rabbit hole of trying to prove that the bad guys co-opted their names, social security numbers and other data. Against that backdrop, FIs must walk a tightrope, balancing customer security with the customer experience, minimizing onboarding friction while meeting regulatory requirements.

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Identity Theft Database Account Takeovers Issuers 77

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. may actually be putting users’ security at risk.

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Data Breach Breach Security Risk 71

PYMNTS

DECEMBER 28, 2016

The Identity Theft Resource Center, which Bloomberg cited in its report, pegs the number of data breaches in the U.S. at close to 1,000 this year alone, potentially impacting more than 35 million personal records, such as Social Security numbers and bank account information.

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Identity Theft Data Breach Breach Social Security 43

Payments Source

SEPTEMBER 13, 2017

The breach may result in a huge new dump of names, addresses, Social Security numbers, and other personal information that fraudsters can leverage to gain access to a legitimate user’s account, writes Jason Tan, CEO of Sift Science.

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Breach Social Security Addressing Accounts 63

PYMNTS

OCTOBER 30, 2018

Looking at research from the Identity Theft Resource Center, QuickBridge pointed to small businesses in the healthcare, banking and finance, and retail sectors as particularly popular targets for cyberattackers.

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FTC Cybersecurity Small Business Federal Trade Commission 73