Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

The Payments Association

JUNE 11, 2025

Understanding and addressing the complex fraud ecosystem is now essential for UK platforms operating in an increasingly hostile digital environment. It's crucial to focus on prevention before transactions and address friendly fraud abuse through streamlined, single-platform solutions that transform fraud prevention into a growth enabler."

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

PYMNTS

JUNE 21, 2016

“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. Federal Trade Commission to learn about steps you can take to protect yourself against identity theft.”

Compromise 42

Compromise Identity Theft Federal Trade Commission Law Enforcement 42

PYMNTS

OCTOBER 26, 2016

From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks. Going Beyond PCI. to provide additional layers of security.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

VISTA InfoSec

JUNE 21, 2023

Data breaches are affecting millions of people across the globe, with over 340 million records already compromised in 2023 headline cases and new incidents surfacing every week. You need to know if any data has been compromised and, if so, where it may have been shared. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Synthetic Fraud Synthetic fraud occurs when criminals create fictitious identities by combining real and fake information, such as using a real Social Security Number with a fake name and address.

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

PYMNTS

SEPTEMBER 11, 2017

consumers and potentially compromised the credit card numbers of approximately 209,000 people. According to Equifax, the impacted information includes names, Social Security numbers, birthdates, addresses and, in some instances, drivers’ license numbers. consumers, putting them at risk of identity theft.

Database 66

Database Breach Identity Theft Data Breach 66

PYMNTS

OCTOBER 9, 2020

state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. This is especially true now that consumers expect digital onboarding platforms to approve their accounts and identities in a matter of minutes.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

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 cyber thief got users’ names, billing addresses, phone numbers, account numbers and plan information. Fuel payments and in-store purchases were affected, but not ATMs.

Data Breach 52

Data Breach Breach Identity Theft Credit Cards 52

PYMNTS

OCTOBER 29, 2018

Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards and stolen personal data, and even houses and other physical locations. This type of fraud prevention relies on “identifying anomalies compared to normal behavior,” he said.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. By addressing these issues, organizations can strike a balance between reaping the benefits of biometric technology and protecting individuals’ privacy.

Privacy 130

Privacy Legal Compliance Best Practices 130

PYMNTS

JUNE 21, 2019

And as a precaution, Desjardins will also offer affected members a free credit monitoring plan and identity theft insurance for 12 months. The compromised data includes first and last name, date of birth, social insurance number, address, phone number, email address and details about customer banking habits and Desjardins products.

Data Breach 45

Data Breach Breach Identity Theft Law Enforcement 45

PYMNTS

AUGUST 27, 2018

To help address emerging risks facing consumers, The Allstate Corporation said it has agreed to buy identity protection provider InfoArmor, Inc. Consumers are increasingly at risk of having their digital identities compromised,” Allstate Chairman, President and CEO Tom Wilson said in the announcement.

Identity Theft 40

Identity Theft Acquirers Crime Compromise 40

PYMNTS

DECEMBER 27, 2019

The stores affected reach from Pennsylvania to Florida, and fuel dispensers were compromised, but not ATMs. In response to the breaches, Wawa is offering free credit monitoring and identity theft prevention help. The company said the police are involved and a forensics team is working on an investigation internally.

Data Breach 52

Data Breach Breach Identity Theft Debit Card 52

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

PYMNTS

JUNE 6, 2016

According to Krebs on Security , last week, several identity theft protection companies incorrectly named Dropbox as the source of a data breach that compromised nearly 73 million usernames and passwords. Regardless of the source, this is compromised data that belongs to them.”.

Data Breach 42

Data Breach Breach Identity Theft Compromise 42

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

Deepfake 125

Deepfake APACS Scams Authentication 125

PYMNTS

OCTOBER 2, 2017

The nationwide lawsuit represents the interests of one billion users, all of whom face the risk of future identity theft thanks to the Yahoo breach. Hackers reportedly stole celebrities’ contact information, including email addresses and phone numbers, through an Instagram security breach. EDGAR Database.

Cybersecurity 76

Cybersecurity Breach Point-of-Sale (POS) Authentication 76

PYMNTS

JUNE 3, 2020

Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle. Those customers have been seeing an uptick in BEC fraud, identity theft and synthetic ID schemes, and in some cases the bad actors have been trying to siphon off funds from the Paycheck Protection Program (PPP).

Business Email Compromise 71

Business Email Compromise Email Compromise Real Time Payments Authentication 71

PYMNTS

APRIL 15, 2019

The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200. They then sent malicious emails from these addresses to the compromised contact lists. Attorney Justin E. Herdman of the Northern District of Ohio.

Money Laundering 51

Money Laundering Wires Wire Identity Theft 51

PYMNTS

MARCH 12, 2018

By not disclosing the fissure in its cybersecurity defenses sooner, the company increased the risk of identity theft for those who were impacted — not to mention the countless customers who had to freeze their credit and spend money on monitoring and protection services. Back in Oct.

Breach 40

Breach Identity Theft Data Breach Cybersecurity 40

PYMNTS

JUNE 27, 2016

Reuters reported late last week that Peter Locsin, of Talisay City, Philippines, is believed to be behind a cybercrime scheme to compromise the accounts of several well-known individuals at three financial institutions. A spokesman for U.S.

Payments Data 40

Payments Data Identity Theft Wire Transfer Compromise 40

Clearly Payments

JANUARY 8, 2024

This can include stolen credit card information, identity theft, or fraudulent transactions. Implementing effective chargeback management practices is essential to minimize their occurrence and address disputes promptly. Excessive chargebacks can lead to financial losses and damage a merchant’s reputation.

Risk Management 97

Risk Management Risk PCI DSS Process 97

FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? Make sure the email is coming from who you think it’s coming from, that the domain name on the email address is correct. If you get an email with a link, check it out, and don’t click it until you’re sure.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Breach 40

FICO

JUNE 21, 2019

Want to protect yourself online - and protect your family - from data compromise and identity theft? Make sure the email is coming from who you think it’s coming from, that the domain name on the email address is correct. If you get an email with a link, check it out, and don’t click it until you’re sure.

Cybersecurity 40

Cybersecurity Identity Theft Data Breach Breach 40

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. This type of fraud can lead to financial losses, identity theft, and reputational damage for both individuals and organizations.

Stablecoins 52

Stablecoins Payment APIs and Integration Fraud Prevention Cross-Border 52

Seon

JUNE 27, 2024

As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. Find Out More The use of AI in fraud is not limited to the digital space; it extends to financial crimes, money laundering, identity theft and other illicit activities.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

PYMNTS

OCTOBER 30, 2017

According to John Krebs, manager of the identity theft program at the Federal Trade Commission (FTC), the situation between the good guys who are trying to protect the systems and the bad guys who are trying to break into and exploit them will always be very asymmetrical. Known Unknowns.

Identity Theft 69

Identity Theft FTC Account Takeovers Phishing 69

PYMNTS

DECEMBER 23, 2019

In synthetic identity theft, she explained, the fraudster is still pretending to be someone they are not, but the difference is that they aren’t so much imitating an existing person as creating one. The entire ecosystem is seeing this is an ongoing and growing problem that needs to be addressed,” said Townsley-Solis.

Social Security 52

Social Security Identity Theft Wire Transfer Security 52

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. This type of fraud can lead to financial losses, identity theft, and reputational damage for both individuals and organizations.

Stablecoins 52

Stablecoins Payment APIs and Integration Cross-Border Account Takeovers 52

PYMNTS

JUNE 1, 2016

With clients ranging from big banks and credit issuers to lenders and companies across the communications industry, XOR Data Exchange says it has helped address specific problems such as small business credit risk, small business fraud, digital money transfer fraud, and, most recently, compromised identity theft.

Compromise 40

Compromise Privacy Risk Assessment Breach 40

PYMNTS

APRIL 17, 2018

Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more. The application , which was originally filed in September 2017 and was released by the U.S.

Blockchain 52

Blockchain Visa Credential Blocks 52

FICO

JANUARY 13, 2020

While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., Stakeholders point to the need for reforms to address currency transactions and suspicious activity reporting as well as a manageable approach to identifying beneficial owners of accounts.

Authentication 52

Authentication AML Finance OCC 52

PYMNTS

JANUARY 9, 2019

The large number of data breaches that occurred in 2018 gave fraudsters access to a vast library of stolen information, from email addresses to Social Security numbers. According to Siddiqui, this technology has become so integral for Neiman Marcus’ fraud detection system that the company will be making upgrades to it in the near future.

Fraud Detection 43

Fraud Detection Data Breach Account Takeovers Breach 43

Stax

AUGUST 20, 2024

Financial institutions and their partners must have data security standards in place to avoid getting compromised. They also need to have data-sharing agreements in place to address data-handling issues. This helps determine who is responsible for addressing any data privacy concerns and avoiding cyber-attacks and identity theft.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88

PYMNTS

MAY 5, 2017

The compromised Sabre system reports offering seamless connectivity to over 120 property management, 7 revenue management, 7 CRM and 18 content management solutions according to the company’s website. A number of officials have spoken out against SWIFT’s lack of action in addressing these flaws and broader security concerns.

Breach 45

Breach Business Email Compromise Data Breach Cybersecurity 45

FICO

APRIL 26, 2023

Because of the incredible growth of both RTP and scams (which is a topic I’ll address in depth in an upcoming FICO World 2023 panel discussion), banks must consider how this payments evolution is impacting customers. Better Data, Better Protection The good news is that banks have options to address customer concerns.

Scams 52

Scams RTP Push-to-Card Fraud Detection 52