The Paypers

JULY 11, 2024

Schubert Jonckheer & Kolbe LLP is investigating a data breach affecting 33.4 million Authy users, a multifactor authentication app by Twilio.

Data Breach 36

Data Breach Multifactor Authentication Breach Authentication 36

PYMNTS

JULY 9, 2018

Timehop , the mobile app that gathers photos from social media, disclosed on Monday (July 9) that it was the subject of a data breach. In a blog post, the company said that on July 4 it experienced a network intrusion that led to a breach of some of its customers’ data.

Data Breach 40

Data Breach Breach Multifactor Authentication Credential 40

PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking MFA Checks 107

PYMNTS

AUGUST 7, 2019

The digital ID industry is devoting an immense amount of effort and capital to protecting digital identities as data breaches and privacy concerns continue to make headlines on a regular basis. Data breaches’ stakes are sky high for corporations, meaning ID security is even more important to the United States federal government.

Multifactor Authentication 47

Multifactor Authentication Government Governance Data Breach 47

PYMNTS

SEPTEMBER 14, 2020

The fallout continues to grow, with reports noting its slew of nonprofit and corporate customers have now been exposed to security threats as a result of data stolen in the Blackbaud breach. Cybersecurity experts at Breach Clarity now peg the number of clients impacted at 136. Blackbaud's data breach isn't unique, per se.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52

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. It is bad news when the bad guy already had access to much of the data he or she needed to fool standard authentication,” Brown said. Not quite, Brown said.

Account Takeovers 41

Account Takeovers Accounts Data Breach Breach 41

PYMNTS

AUGUST 15, 2018

Recent investment and at least one major acquisition signal even brighter times ahead for the authentication method, but there is still a long way to go. Now, that authentication method is expanding to all of the financial institution’s business and retail accounts. Two years ago, the U.K.-based Security, though, is another goal.

Online and Mobile Banking 44

Online and Mobile Banking Authentication Privacy Multifactor Authentication 44

PYMNTS

JANUARY 6, 2017

While many of the survey respondents plan to expand or implement multifactor authentication in the coming months, enterprise security still has a long way to go in addressing vulnerabilities, especially as employee mobility increases.

Scams 53

Scams Multifactor Authentication Federal Trade Commission FTC 53

PYMNTS

MAY 22, 2020

Banks must therefore deploy fraud defense systems that leverage multiple security measures to make sure fraudsters who breach one layer will be stopped by the next, Gould explained. No single defense mechanism can protect bank customers from such a diverse array of criminal tactics, though. Multistage Fraud Defense.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

Stax

FEBRUARY 28, 2024

This gives both you and your customers confidence that data breaches can be avoided. To add an extra layer of security, implement strong password policies and multifactor authentication for user access. They must accommodate your expanding customer base, increasing transactions, and growing business needs.

Payment APIs and Integration 88

Payment APIs and Integration Automation PCI DSS Best Practices 88

The Payments Association

JANUARY 14, 2025

Strong customer authentication (SCA), frictionless user experiences, and regulatory oversight were among the focal points as experts dissected the existing risks and potential remedies for open banking fraud. Data breaches and ransomware attacks were also flagged as significant risks.

Fraud Prevention 88

Fraud Prevention Financial Crimes Crime Participant 88