VISTA InfoSec

MARCH 28, 2024

As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. Incident Response Develop a plan for responding to data breaches , detailing the actions to be taken when such incidents occur. You should also regularly review stored data and purge what is no longer needed.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

Fintech News

OCTOBER 27, 2024

This approach prioritizes FIs as the primary entities responsible for compensating victims when SRF duties are breached. Recourse Stage: For cases outside the SRF scope or without duty breaches, consumers can pursue mediation with the Financial Industry Disputes Resolution Centre (FIDReC) or seek civil action through the courts.

Phishing 133

Phishing Scams Blocks Authorization 133

Fintech Review

JANUARY 30, 2025

According to DORA, market participants must conduct systematic stress tests with the various breach scenarios; Third-party risk management. trillion, and the annual IBM Cost of Data Breach Report claims that one such penetration “costs” the affected business around $4.45 Theres no clear requirement on this point.

Regulations 98

Regulations Risk Management Participant Cybersecurity 98

The Payments Association

DECEMBER 9, 2024

Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. While this synthetic data reduces the need for using real consumer data, which is a win for privacy, it also opens up a new avenue for unintentional privacy breaches.

Privacy 88

Privacy Payment Security AI Security 88

VISTA InfoSec

JULY 19, 2024

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. But not everyone is aware that it all begins with how electronic devices are designed.

Cybersecurity 264

Cybersecurity Encryption Fraud Detection CHIPS 264

Fintech News

FEBRUARY 26, 2025

Bybit, a Dubai-based crypto exchange serving over 60 million users worldwide, reported the security breach last Friday. He shared that all client assets are backed on a one-to-one basis and that unaffected wallets and withdrawal services continue to operate normally.

FBI 64

FBI Digital Currency SWIFT Breach 64

The Payments Association

FEBRUARY 26, 2025

The balancing act: Security vs user experience under PSD2 While the second Payment Services Directive (PSD2) and Strong Customer Authentication (SCA) continue to shape the EU regulatory landscape, banks and issuers can access multi-factor authentication solutions, even frictionless options. Here’s an example.

Authentication 88

Authentication Risk Fraud Prevention Compliance 88

Fintech Finance

JUNE 25, 2025

Over two-thirds (68%) say the risk of fraud is a significant consideration, while over half (54%) flag the risk of data breaches as a key concern. Two-fifths of businesses believe the current chargeback process is too skewed in favour of consumers.

Payments 87

Payments Consumer Protection On-Demand Data Breach 87

The Fintech Times

JULY 11, 2025

The company is positioning the technology as a solution to long-standing security challenges in self-custody, as losses from crypto-related hacks continue to rise. Notable breaches include Phemex , which lost $85million to a hot wallet exploit and UPCX , which lost $70million due to a compromised private key.

Authentication 59

Authentication Compromise Cryptocurrency Breach 59

PYMNTS

OCTOBER 30, 2020

Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring, according to a Friday (Oct. 30) announcement emailed to PYMNTS. Mastercard said the world faces a $5.2

AI 118

AI Security Visa Breach 118

Finextra

JUNE 13, 2025

Data breaches involving bank account details not only damage reputations and erode customer trust but can also expose organisations to direct financial loss, fraud recovery efforts, and regulatory scrutiny. Even if a breach occurs, attackers get meaningless tokens rather than actionable payment credentials. And the stakes are high.

Data Security 59

Data Security Payments Data Security ISO 20022 59

The Payments Association

MAY 16, 2025

As the digital economy continues to grow, so does the need for quick, seamless, and secure payments. A single breach can lead to financial losses, damage a brands reputation, and undermine customer trust. But traditional systems often struggle to keep upthey’re slow, clunky, and increasingly vulnerable. And the risks are real.

AI 88

AI Security Fraud Prevention Fraud Detection 88

The Fintech Times

JULY 30, 2024

The cost of data breaches has been on a steady incline for the past decade. However, evidence from IBM , a multinational tech firm, suggests that in the next 10 years, breaches could cost a lot more as we just experienced the highest year-on-year jump in cyber attacks (10 per cent).

Data Breach 59

Data Breach Breach AI Law Enforcement 59

Basis Theory

NOVEMBER 12, 2024

Tokenization, by contrast, has become a core component of some vital processes, especially in the payment industry, while it is continuing to gain a solid foothold in other settings. Tokens, on the other hand, do not depend on the sensitive data to be created. Soon we may see standards for tokenization in everyday use.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

The Payments Association

MAY 16, 2025

These tokens are useless if intercepted, significantly mitigating the risk of data breaches. As e-commerce continues to grow and diversify, investing in robust payment orchestration is no longer just a technical enhancementit is a competitive imperative.

Transactions 88

Transactions PCI DSS Payments Multi-Currency 88

EBizCharge

MARCH 18, 2025

As data breaches evolve and advance, a robust payment processing system that protects sensitive financial information is essential. By protectin g payments in Sage 100, your company can reduce the risk of data breaches and fraud, ensuring a secure experience for all parties involved.

Credit Cards 52

Credit Cards Process Security Data Breach 52

VISTA InfoSec

APRIL 3, 2024

Beyond the immediate financial repercussions, a breach can severely damage a company’s reputation and erode the trust it has built with its customers. Whether it’s customer information, financial records, or internal communications, encrypting this data can help safeguard enterprises’ information even in the event of a breach.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

VISTA InfoSec

JUNE 3, 2024

According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords. In such attacks, cybercriminals exploit weak or reused passwords to breach multiple accounts, leading to significant data breaches and financial losses. Here are the essential components: 1.

MFA 130

MFA Credential PCI DSS Compliance 130

VISTA InfoSec

JULY 5, 2023

Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. From March 2021 to March 2022, the average cost of a data breach in healthcare was over $10 million, up from $9.23 Thus, protecting EHRs is crucial to avoid data breaches from hackers. million people.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

VISTA InfoSec

OCTOBER 21, 2024

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. But not everyone is aware that it all begins with how electronic devices are designed.

Cybersecurity 189

Cybersecurity Encryption Fraud Detection CHIPS 189

The Payments Association

MARCH 19, 2025

As digital assets continue to gain traction, payment networks must evolve to accommodate rising transaction volumes, evolving regulatory frameworks, and the growing demand for real-time settlement. This approach is time-consuming, inefficient, and highly prone to errors.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

The Fintech Times

JULY 9, 2025

Between October 2018 and August 2020, Monzo was found guilty of breaching Principle 3 of the FCA’s Principles of Business: a firm must take reasonable steps to ensure that it has organised its affairs responsibly and effectively, with adequate risk management systems. “However, this is not the Monzo of 2020.

Financial Crimes 64

Financial Crimes Crime Security Online and Mobile Banking 64

The Finance Weekly

JUNE 7, 2022

Hack may not be the most comforting word in describing cyber security strategies, but it is nonetheless of paramount importance to defend against cybersecurity breaches. This results in less continuity and ability to learn from mistakes among CISOs. Organizations today also operate in an increasingly distributed corporate landscape.

Cybersecurity 130

Cybersecurity Breach Privacy Risk Management 130

The Payments Association

JULY 11, 2025

Security and compliance demand strategic attention POS security has evolved from a compliance checkbox to a business-critical investment as breach costs reach record levels. Average global data breach costs hit US$4.9 EMV adoption continues globally, with 94.76% of card-present transactions now using chip technology.

Point-of-Sale (POS) 88

Point-of-Sale (POS) Payment APIs and Integration Online and Mobile Banking Compliance 88

Fintech News

JUNE 11, 2025

At the centre of this threat is Grey Nickel , a sophisticated cybercriminal group using deepfakes, synthetic identities, and AI-powered attack tools to breach banks, crypto exchanges, and digital payment platforms. “These aren’t opportunistic attacks—they’re existential threats to digital banking,” he continued.

Crime 64

Crime Deepfake AI APACS 64

The Fintech Times

JANUARY 28, 2025

Protecting businesses Because Harcus Parker believes MIF is set in breach of competition law and causes businesses to bear unnecessary cost, it filed claimsin the Competition Appeal Tribunal (CAT), the UKs specialist competition court, on behalf of all merchants processing payments in the UK, seeking substantial damages.

Visa 59

Visa Commercial Card Caps Laws 59

Fintech News

JUNE 8, 2025

Singapore will block access to the websites of Octa and XM from 20 June 2025, after the authorities found both platforms to be operating in breach of the Securities and Futures Act 2001 (SFA). SPF and MAS said they will continue to take action against unlicensed online trading platforms targeting Singapore residents.

Blocks 67

Blocks Authorization Debit Card Breach 67

Fintech Review

MARCH 20, 2025

False breakouts, where price movements momentarily breach key levels before reversing, can lead to poor trade entries and losses. A Smarter Approach to Forex Trading Demand for precision-driven trading solutions continues to grow as forex markets become more complex.

Multi-Currency 52

Multi-Currency Risk Management AI Advisors 52

The Payments Association

MARCH 19, 2025

Banks clinging to outdated systems risk security breaches, regulatory headaches, and lost market sharemodernisation isnt just an upgrade, its a survival strategy. For years, banks have been reluctant to modernise their legacy infrastructure, believing that change outweighs the risks of staying put.

Payment APIs and Integration 88

Payment APIs and Integration Innovation Cross-Border ISO 20022 88

Fintech News

MAY 1, 2025

Data from Verizon Businesss 2025 Data Breach Investigations Report reveal that system intrusion has risen considerably over the past four years, escalating to become the dominant threat pattern across APAC. In contrast, social engineering attacks continue to decline in prevalence.

APACS 74

APACS Data Breach Breach Ransomware 74

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. For example, an AI system might detect a series of unauthorised login attempts and block them before a breach occurs. This rapid response minimises damage and ensures business continuity.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

The Fintech Times

FEBRUARY 26, 2025

Small and mid-sized businesses (SMBs) are suffering from a continuing onslaught of cyberattacks as threat actors adopt more efficient targeting and AI-driven attacks, according to a new report from cybersecurity firm SonicWall.

Automation 59

Automation AI Ransomware Email Compromise 59

The Fintech Times

FEBRUARY 5, 2024

Slow data recovery Cyber resilience is a technology backbone for business continuity. However, according to respondents, every company has cyber resilience and business continuity challenges. It defines companies’ ability to recover their data and restore business processes when they suffer a cyberattack or adverse IT event.

Ransomware 115

Ransomware Data Security Data Breach Breach 115

Bank Automation

DECEMBER 21, 2023

Fraudsters continue to do damage in the finance industry, evidenced by recent attacks against Fidelity National Financial and Mr. Cooper, and financial institutions must strengthen their systems to avoid hacks and respond to breaches. In 2023, the average cost of a data breach in the financial industry was $5.9

Compromise 75

Compromise Data Breach Breach Finance 75

Fi911

FEBRUARY 26, 2025

Compliance ensures robust security practices to prevent breaches and protect sensitive payment card data. Continually assess and refine your systems to address evolving threats. By adhering to these standards, you safeguard sensitive data, build customer trust, and minimize the risk of costly data breaches.

PCI DSS 59

PCI DSS Compliance MFA Assessments 59

VISTA InfoSec

OCTOBER 20, 2023

Healthcare organizations must implement HIPAA-compliant DRPs to protect ePHI, ensuring continued operation during disasters. Service Continuity : Ensures essential healthcare services remain operational. Financial Stability : Mitigates the financial impact of disasters, including costs from data breaches or loss of revenue.

Disaster Recovery 130

Disaster Recovery Procedures Regulatory Compliance Duplicate 130

The Payments Association

JUNE 3, 2025

Unlike static gateway or acquirer tokens, network tokens adapt in real time to changes such as card reissuance or expiry, ensuring continuity in payment flows. It often goes unnoticed during regular operations but becomes a major operational challenge during business continuity or disaster recovery (DR) scenarios.

Security 88

Security Payment APIs and Integration Payment Security Credential 88