The Payments Association

DECEMBER 9, 2024

However, as payment services rely more heavily on these AI technologies, they face a growing challenge: how to harness the power of LLMs without compromising data privacy. Payment data is inherently vulnerable because its compromise can have significant financial and personal consequences for consumers.

Privacy 88

Privacy Payment Security AI Security 88

EBizCharge

OCTOBER 25, 2023

An incident is only considered a data breach if the confidentiality of data is compromised. By implementing the most reliable security software and best practices, organizations and individuals can mitigate the risk of data breaches and safeguard their valuable information from malicious actors.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

VISTA InfoSec

MAY 15, 2025

This article explores key security controls within the SWIFT CSP compliance framework and outlines best practices for financial institutions to strengthen their SWIFT security posture. Prevent Compromise of Credentials 4.1 To align with SWIFT CSP requirements, you should consider the following best practices: 1.

SWIFT 100

SWIFT Security Best Practices PCI DSS 100

The Payments Association

MAY 28, 2025

Regulatory frameworks will inevitably follow, converting whats currently best practice into compliance requirements. Even if a database containing tokens were compromised, the tokens themselves would be useless outside their designated environments.

Credential 88

Credential Payments Issuers Visa 88

VISTA InfoSec

OCTOBER 21, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients.

Audit 147

Audit Compliance Procedures Best Practices 147

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

VISTA InfoSec

AUGUST 5, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients.

Audit 130

Audit Compliance Procedures Best Practices 130

Fi911

MAY 7, 2024

Consequences of Being Added to the TMF The effects of being listed on the TMF are extensive and can severely compromise a business’s operations. By taking these steps, businesses can protect themselves and ensure their ability to accept credit card payments is not compromised. The post What is the Terminated Merchant File?

PCI DSS 105

PCI DSS Processors Compromise Identity Theft 105

PYMNTS

FEBRUARY 1, 2019

“We do not believe that any passwords were compromised because we do not actually store passwords, except in a one-way encrypted form that is salted uniquely per user,” the company wrote. It is generally best practice to use a unique password for each service.”

Data Breach 80

Data Breach Breach Law Enforcement Encryption 80

VISTA InfoSec

SEPTEMBER 5, 2024

In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. These tactics can have destructive effects on an organization, leading not only to financial losses but also to a compromise of client trust and brand reputation.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information. These tactics can have destructive effects on an organization, leading not only to financial losses but also to a compromise of client trust and brand reputation.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

JANUARY 29, 2024

Its intent is to compromise the confidentiality, integrity, or availability of the owner’s data, applications, or the operating system itself. This stipulation is considered a best practice until March 31, 2025. This stipulation is considered a best practice until March 31, 2025. New Requirement in PCI DSS v4.0:

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

VISTA InfoSec

JUNE 7, 2024

It thus evaluates every new access individually to account for the possibility that previously authorized users have been compromised or organizational policies have changed. The system also does not assume that entities formerly designated as trustworthy will remain trustworthy in the future. How Will a ZTNA Solution Benefit Your Company?

Micro-Entry 162

Micro-Entry Data Breach Breach Cybersecurity 162

VISTA InfoSec

FEBRUARY 13, 2024

These threats are widespread and can also lead to severe consequences, including financial loss, and the compromise of personal and sensitive data. This proactive stance enhances Singapore’s resilience against cyber threats and also serves as a model for global best practices in cybersecurity.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Segpay

DECEMBER 13, 2024

However, the implementation of strong identity management systems must align with data protection regulations, so that the collection, storage, and processing of data for identification purposes does not compromise individuals’ privacy. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105

Privacy Compliance CCPA Authentication 105

Fintech Finance

MAY 13, 2025

Anything less than full commitment means accepting the unacceptable and that’s a compromise the industry cannot afford. Because aiming to stop 100% of human trafficking, money laundering, and terrorist financing is not optional—it’s essential.

Compliance 59

Compliance Financial Crimes Global Payments Money Laundering 59

Fintech News

APRIL 7, 2024

Stuart Wells These technologies play a crucial role in verifying identities in an environment increasingly compromised by sophisticated fraud. Frederic Ho This collective endeavor is crucial for sharing knowledge, best practices, and advancements in cyber security, strengthening the financial sector’s defences against evolving threats.

Deepfake 134

Deepfake Scams Fraud Detection Verification 134

VISTA InfoSec

AUGUST 22, 2023

Altering or replacing compromised biometric traits is complex. Educate and Train: Provide ongoing education and training to staff members on GDPR requirements, best practices for handling biometric data, and raising awareness about privacy. Regularly review guidance provided by data protection authorities to ensure compliance.

Privacy 130

Privacy Legal Compliance Best Practices 130

VISTA InfoSec

FEBRUARY 16, 2024

a: Verify that software-development processes align with industry standards/best practices. - The software should be developed based on industry standards and/or best practices for secure development. - Live card data (PANs) are never used in development/test environments to prevent compromise. PCI DSS v3.2.1

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Stax

JANUARY 23, 2025

Speed vs. accuracy: Streamlining processes without compromising due diligence. Best Practices for Effective Merchant Underwriting To optimize underwriting processes, payment providers should: Leverage data analytics and AI Use advanced tools to detect risk patterns and improve decision-making.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

PYMNTS

JUNE 27, 2017

Kaspersky says this is due not only to the higher level of income but also to the broader use of mobile and e-payment systems, which can be easily compromised. The report also recommends best practices for both individuals and organizations to avoid infection. That’s up 19 percent from 2015-16, when Germany was the No.

Ransomware 72

Ransomware Data Encryption Best Practices Cybersecurity 72

FICO

JUNE 13, 2017

Inject best-practice decision management governance standards into a new domain. These standards and practices are very well-developed in banking, for instance, but are not yet well understood across other vertical markets. Promote fairness in reporting. 6 Principles for Security Ratings.

Risk 85

Risk Disputes Cybersecurity Best Practices 85

PYMNTS

JULY 22, 2019

Reports say that the hacks, which are known as Media File Jacking, allow media that spans photos to documents to be compromised in “real time” and that means intercepting data between when it is written to disk and when they are loaded onto user interfaces. The apps have, cumulatively over 1.5 billion users.

Phishing 72

Phishing Credential Scams Payments 72

Fi911

JULY 8, 2024

Social Engineering Social engineering is a manipulation technique used by criminals to deceive individuals into revealing confidential information or performing actions that compromise security. Merchants must combine technology, vigilance, and best practices as part of a broad, multilayered strategy.

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

PYMNTS

JUNE 6, 2019

Experts noted that 2FA is still the industry’s best practice to protect users against cyber threats. If you suspect that your credentials for a website have been compromised, act quickly to change your password, and report the event to the website,” said Sethi.

Scams 58

Scams Credential Security Phishing 58

PYMNTS

OCTOBER 12, 2020

Whitney said a key feature of CyberXchange is its ability to search by a particular cybersecurity framework or category, which is the various system of standards and best practices that 91 percent of businesses use to protect themselves.

Cybersecurity 83

Cybersecurity B2B Email Compromise Business Email Compromise 83

PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices.

Identity Theft 83

Identity Theft Financial Crimes Technology Crime 83

FICO

SEPTEMBER 20, 2018

You need to be able to take the money the customer can offer rather than policy for not compromising and end up with nothing or much less. This includes whether you need to offer temporary or permanent reliefs, whether there should be step-ups, whether you should compromise on interest or capital and by how much, and other variables.

Best Practices 68

Best Practices Compromise Money Laundering Accounts 68

PYMNTS

DECEMBER 29, 2016

In the meantime, and in line with best practice, we recommend that individuals closely monitor their payment card account statements. We immediately launched an investigation, which includes retaining a leading computer security firm to provide us with additional support. We continue to work with the payment card networks.”. “We

Breach 54

Breach Card Network Rules Best Practices Fraud Prevention 54

PYMNTS

AUGUST 5, 2019

The trick is find ways to cooperate and collaborate on those goals — even by sharing data and best practices — without compromising proprietary strengths. “We all want the same end goals, and that’s growing the digital economy and being rid of fraud.”

Due Diligence 65

Due Diligence Money Laundering Best Practices Laws 65

Clearly Payments

JANUARY 8, 2024

Chargeback Management Best Practices Chargebacks pose a significant challenge for merchants, impacting both financial stability and reputation. Implementing effective chargeback management practices is essential to minimize their occurrence and address disputes promptly. Read this article on what is a good chargeback rate.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. Compliance Complexities.

Data Breach 82

Data Breach Breach PCI DSS Compliance 82

PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

JANUARY 29, 2019

In its 2019 Data Privacy Benchmark Study, published last week, Cisco found that the combination of security best practices and investment in cybersecurity technology correlates to a lessened impact from data breaches.

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. To put it simply, it’s a matter of compromise. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

FICO

FEBRUARY 28, 2018

Instead of coding up and alerting on known patterns of how fraud operates, machine learning analytics are sensitive to the complex, multi-variate attributes that predict fraud – whether it’s payments fraud, application fraud, account takeover, mass card compromise, or more. Best Practices in Establishing Your Fraud Risk Appetite.

AI 69

AI Best Practices Identity Theft Account Takeovers 69

FICO

JANUARY 26, 2018

We were looking for non-traditional ways of reaching out to our huge customer base without compromising cost and customer experience. That was when FICO offered their solution and best practices across the region. At the same time we wanted to take the next step towards automation and digitalization.

Accreditation 63

Accreditation Best Practices Compromise Automation 63