Fintech Weekly

JUNE 8, 2025

The average app uses between 26 and 50 APIs , all of which may have different levels of encryption, authentication, regulatory compliance and data formats. Adopt a Zero-Trust Mindset While an API gateway can improve your platform’s ability to prevent breaches, even the most thorough gateway isn’t impenetrable.

API

Finextra

AUGUST 1, 2025

This minimizes data breaches while simplifying workflows, ensuring privacy standards remain intact across all activities within the offices ecosystem. By implementing these measures, family offices drastically reduce the risk of breaches caused by compromised logins. Encryption is a key solution here.

Security

VISTA InfoSec

JUNE 18, 2024

Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching. These obsolete programs lack ongoing network security updates, making them low-hanging fruit for breaches.

Data Security

VISTA InfoSec

APRIL 12, 2024

Businesses deploy proxy servers to monitor and regulate their employees’ internet usage, ensuring data security and blocking access to harmful sites. This intermediary position prevents direct attacks against your network by blocking malicious traffic and unauthorized access attempts.

Cybersecurity

Clearly Payments

OCTOBER 22, 2024

PIN Encryption : Once the customer enters the PIN, it is encrypted immediately to protect the information. Encryption ensures the PIN cannot be intercepted or stolen during transmission. Verification : The encrypted PIN is sent to the card issuer’s system, where it is matched against the cardholder’s stored PIN.

Debit Card

Segpay

FEBRUARY 21, 2024

These tokens are generated for each transaction, reducing the risk of data breaches. This proactive approach enables organizations to detect and mitigate potential security breaches before they escalate, significantly enhancing overall cybersecurity. Even if a token is intercepted, it cannot be used for any other transaction.

AI

M2P Fintech

JULY 11, 2023

AES and ECDH To address security challenges, advanced encryption and decryption mechanisms must be integrated into the Android applications. In this blog, our Code Specialist and Lead Software Development Engineer Janarthanan , will guide you through the intricate world of encryption and decryption logic using AES.

Encryption

PYMNTS

OCTOBER 24, 2018

Guardian Mobile Firewall, the new smart firewall app that is currently in a closed beta test, will be made available soon, filtering and blocking traffic that breaches the user’s privacy. The firewall funnels all of the iPhone and iPad traffic through a virtual private network, which is encrypted to Guardian’s services.

Blocks

CB Insights

OCTOBER 2, 2018

For example, Facebook recently disclosed that an unprecedented data breach, discovered on September 25, exposed the social media accounts of up to 90 million users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account. GET THE 39-PAGE CYBERSECURITY REPORT.

Data Security

Exact Payments

JULY 1, 2024

By Jeremy Smillie, VP of DevSecOps at Exact Payments In an era where data breaches are not just threats but realities, protecting Personally Identifiable Information (PII) is more crucial than ever. Our software partners transmit merchant data to our APIs using Transport Layer Security (TLS) encryption. We implement TLS 1.3,

Data Security

Stax

JULY 16, 2024

Firewalls monitor traffic to a system and can be configured to block a certain section of the traffic. The best way to protect data as it is being transmitted over a network, especially one that is public and open, is to encrypt it. Encryption is a method that renders information useless to criminals when being transmitted.

PCI DSS

PYMNTS

NOVEMBER 15, 2016

New lab comes equipped with a Faraday cage, a shielded room that blocks external signals to prevent outside interference of devices, which could easily hamper an ongoing criminal investigation. More recently, data breaches reportedly went up 15 percent year over year with 424 million compromised data files (and this was before the Yahoo!

Crime

PYMNTS

AUGUST 16, 2019

The KNOB attack , short for “Key Negotiation Of Bluetooth,” interferes with users’ Bluetooth connections, confusing them into setting up a short encryption key that is easy to hack. The researchers indicated that Bluetooth chips from Intel, Broadcom, Apple and Qualcomm are vulnerable to the attack. Bluetooth Low Energy is not affected.

Security

PYMNTS

AUGUST 13, 2018

“The FBI has obtained unspecified reporting, indicating cybercriminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach and commonly referred to as an ‘unlimited operation,’” the letter read, according to the report.

FBI

PYMNTS

OCTOBER 8, 2018

With security front and center on many consumers’ minds given the data breaches at Facebook , the company said it has designed the devices with security in mind. For example, the device comes with a camera cover so users can block the camera’s lens, and all video calls are encrypted.

Data Breach

PYMNTS

NOVEMBER 9, 2018

Ahead of the latest round of elections, the firm reported that it had blocked over 100 Facebook and Instagram accounts with potential ties to a so-called Russian “troll farm” nationwide. The firm said that it will not view or listen to video calls, and that the calls are encrypted.

Real Time Payments

Stax

JANUARY 15, 2024

Implement geo-blocking measures, i.e., blocking or limiting payment transactions from regions or countries where surcharging is prohibited by local regulations. The PCI Security Standards Council (PCI SSC) has robust measures to protect cardholder information and prevent unauthorized access, fraud, and data breaches.

Credit Cards

PYMNTS

JANUARY 17, 2017

In late December, Los Angeles Valley College found itself to be the latest victim of a ransomware attack — when malicious software is used by to block access to files until demands are met. The college’s electronic files had all been encrypted and campus email, voicemail and computer system services had been interrupted.

Bitcoin

Exact Payments

JANUARY 4, 2024

Adhering to these guidelines is essential for businesses to ensure the safe handling of credit card data, helping to minimize the risk of fraud and security breaches. Network hardware and software, like routers and firewalls, often come with pre-set credentials, making it easy for cybercriminals to breach your network’s security.

PCI DSS

PYMNTS

SEPTEMBER 9, 2016

Many experts are looking directly at Russia for these attempts and breaches. The recent breach of email servers belonging to the Democratic National Committee (DNC) is listed as one such example, especially considering the political firestorm that ensued shortly after. From there, the malware receives more of the user’s information.

Phishing

Segpay

MARCH 10, 2025

Here’s how it works: Encryption & Secure Transmission: The payment gateway encrypts the player’s payment details and securely transmits them to the payment processor. Tokenization & Encryption All sensitive payment data is encrypted and tokenized, reducing the risk of data breaches.

Payment Gateways

Stax

JULY 25, 2024

But there’s a much greater risk than theft— data breaches. According to the IBM data breach report , the average cost of a data breach in 2023 was USD 4.45 Check whether your POS system encrypts data as soon as the terminal receives the data. POS systems handle a lot of sensitive information.

Small Business

National Merchants Association

AUGUST 17, 2023

It provides a secure connection between a customer’s financial data and you, the merchant, blocking the bad guys from infiltrating online transactions. Not all portals are the same, and fraud and data breaches can still occur. A payment portal or gateway works in much the same way. So how can you stop this from happening?

Payment Security

Exact Payments

FEBRUARY 26, 2024

Tokenization securely maintains the link between a token and sensitive card data in a database known as a token vault, which is safeguarded with encryption. Unlike encryption, which can be reversed with the correct key, tokenization does not allow for reverse engineering to obtain the original data from the token.

Fraud Prevention

Seon

JUNE 15, 2023

Accordingly, BEC is not just limited to account takeovers and identity theft, but can also be a means for fraudsters to become imposters looking to subject the target company to further data breaches. As such, there are many examples of how BEC can be carried out. Let’s take a look at some of the key ones.

Email Compromise

Evolve Payment

SEPTEMBER 29, 2023

You can learn more about some of the blockchain building blocks from organizations like the Minnesota Blockchain Initiative. Expect to see more robust encryption protocols, tokenization, and machine learning-based fraud detection systems to keep transactions safe from evolving threats.

Industry Trends

PYMNTS

MARCH 8, 2018

Therefore, First American works with clients to educate them about PCI compliance, customer service, security options — such as point-to-point encryption and tokenization — and merchant fraud and chargebacks, which the EVP said are merchants’ Achilles’ heel. Security comes first, said Dorchester.

Innovation

Payment Savvy

JULY 3, 2024

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.

Debit Card

Nanonets

SEPTEMBER 25, 2024

You can also set up an import block based on specific triggers, such as the arrival of a new file in your cloud storage. Encryption ensures data security both when stored and when transmitted.  Collect and import all your bank statements from various sources, such as Dropbox, Google Drive, Email, Zapier, and OneDrive.

Process

PYMNTS

APRIL 15, 2016

To pay for that wall, Trump says that he will block remittance transfers to Mexico. Data Breach Shutters Bitcoin Wallet. was breached. The company said it suffered a data breach earlier this month. Checks were in place, but the check was then subsequently not used to block the database call.

Bitcoin

VISTA InfoSec

APRIL 23, 2025

Now data breaches and mishandling of those information cannot only impact your reputation but can also lead to the loss of your client’s trust. Core Trust Principles: Building blocks of SOC 2 for SaaS SOC 2 compliance is built around five core trust principles that serve as the frameworks foundation.

Compliance

Segpay

DECEMBER 19, 2024

With growing concerns around data breaches, identity theft, and unauthorized access, organizations need to ensure that only authenticated users can access their systems and sensitive information. For example, if an employee suddenly logs in from a foreign country, the system triggers other authentication steps or blocks access altogether.

Verification

EBizCharge

MAY 12, 2025

This comprehensive guide will walk you through everything you need to know about secure payment processing systems, from how they work and why encryption and tokenization matter to practical steps for avoiding chargebacks and choosing the best gateway.

Process