Remove Breach Remove Compromise Remove Third Party Vendors
article thumbnail

Fraudsters are Turning to Third Party Vendors as New Means of Attack as Firms Improve Cybersecurity

The Fintech Times

Using the world’s largest proprietary risk and threat intelligence dataset, SecurityScorecard , the cybersecurity analyser, studied cybersecurity breaches across the UK’s 100 largest companies by market capitalisation, releasing a comprehensive analysis of the landscape of the FTSE 100 in the UK. None of them received a C rating or below.

article thumbnail

Wendy’s Confirms Payments Breach

PYMNTS

It took longer than expected from a company in the business of delivering its product quickly, but Wendy’s has at last opened up about getting hit with a credit card breach. Rumors of a possible breach at a number of the fast food chain’s locations were first reported (by Krebs on Security) back in January.

Breach 43
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NY Cybersecurity Standards Loom, With Enterprises At The (Un)Ready?

PYMNTS

At a minimum, you need [cyber]insurance,” along with monitoring of third party vendors. If the financial firms are unable to assess their own vulnerabilities and the enterprises are similarly in the dark, then reporting to regulators about breaches and attempted breaches (also mandated) cannot be done on a timely basis.

article thumbnail

The Uncharted Territory Of M&A Cyber Risks

PYMNTS

Cyberthreats exist throughout supply chains and business networks, and one supplier that experiences a data breach can result in the exposure of sensitive corporate data at businesses other than that supplier itself. which suffered a data breach last year as the result of a cybersecurity incident at a third-party vendor.

Risk 65
article thumbnail

When Vendors Open Doors To Cyberattackers

PYMNTS

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. The findings are troubling: 44 percent of survey respondents said their companies had experienced “a significant, business-altering data breach caused by a vendor.”

article thumbnail

FBI Warns Banks About Widescale ATM Cash-Out Scam

PYMNTS

“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 58
article thumbnail

Back To Basics For SME Security

PYMNTS

Free data storage services, the report said, may be an irresponsible choice for SMEs, though the report also found that, regardless of the security of the cloud data storage service, employee mistakes are often to blame for data breaches at SMEs. NIST, operating under the U.S. Back To Basics. Safeguarding From All Sides.