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

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

VISTA InfoSec

NOVEMBER 12, 2024

Moreover, it reduces potential financial and reputational damage from data breaches and fines. Monitoring and logging : Continuous monitoring of all systems and logging of activities is required to detect suspicious behavior ( Requirement 10.1 ). and 10.2 ). Establish access control measures Limit data access to only those who need it.

PCI DSS

VISTA InfoSec

NOVEMBER 12, 2024

Moreover, it reduces potential financial and reputational damage from data breaches and fines. Monitoring and logging : Continuous monitoring of all systems and logging of activities is required to detect suspicious behavior ( Requirement 10.1 ). and 10.2 ). Establish access control measures Limit data access to only those who need it.

PCI DSS

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. What is SSL/TLS?

PCI DSS

Segpay

DECEMBER 13, 2024

Traditionally, organizations have employed a range of methods for identity verification, from passwords to multi-factor authentication (MFA) and, increasingly, biometric solutions. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy

Segpay

NOVEMBER 26, 2024

Proper digital identity verification tools help protect sensitive data from unauthorized access and security breaches. These platforms often rely on a combination of multi-factor authentication (MFA), which may include passwords, biometric verification (e.g., fingerprint or facial recognition), and behavioral analytics (e.g.,

Verification

VISTA InfoSec

SEPTEMBER 25, 2024

As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. Authentication: Implement multi-factor authentication (MFA) to add an extra layer of security to your system.

Cybersecurity

VISTA InfoSec

OCTOBER 21, 2024

As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. Authentication: Implement multi-factor authentication (MFA) to add an extra layer of security to your system.

Cybersecurity

PYMNTS

FEBRUARY 8, 2019

IBM data said the average cost of a data breach is $3.86 “That’s one area where you see these big breaches.” “We have a lot of customers not even employing MFA. Cyberattacks are a massive problem for organizations today, and the threat is only growing larger. million, with U.S. How can you not do that?

Phishing

VISTA InfoSec

JULY 31, 2023

Conduct Periodic Evaluations of Your Configuration Guidelines : Regularly review your configuration rules and flowcharts, at least every six months, to ensure they continue to meet your business needs. Doing so can help reduce the scope of PCI DSS compliance and minimize the risk of data breaches.

PCI DSS

Stax

SEPTEMBER 17, 2024

TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. This includes the use of unique IDs and strong passwords or multi-factor authentication (MFA) methods.

Credit Cards

PYMNTS

JULY 13, 2020

The malicious programs can work continuously and rapidly, which boosts the possibility that they will eventually hit the correct combinations. A more focused ATO attack type is known as credential stuffing , which is typically conducted by hackers who possess customer login details that have been exposed in data breaches.

Credential

Basis Theory

OCTOBER 1, 2024

Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. If an actual data breach does occur, companies can also expect fines for anyone whose data has been breached or has been affected in some way by a data breach. The fines range from $50 to $90 per cardholder.

PCI DSS

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. The Importance of Security Awareness Training The fact that so many data breaches occur due to human error highlights the importance of security awareness training.

Security

Stax

JULY 9, 2024

Since this trend continues to gain traction, many small businesses are also implementing this option for their customers. This payment method is convenient and continues to be a growing trend, especially among younger demographics. P2P payments, such as Venmo, PayPal and the Cash App, are popular among consumers.

Electronic Fund Transfer Act (EFTA)

EBizCharge

AUGUST 8, 2024

Its commitment to innovation means continuous enhancements in payment functionalities that align with evolving business needs and customer expectations. Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data.

Processors

PYMNTS

NOVEMBER 9, 2017

I don’t think Alexa is road-ready for true voice biometric determination for an MFA [multi-factor authentication], even in-home,” IntraNext CEO Patrick Brown told Karen Webster in a recent interview. The executive said IntraNext isn’t fielding as many questions following the Equifax data breach as might be expected.

Authentication

EBizCharge

JULY 16, 2024

A crucial aspect of risk management within NACHA’s framework involves continuous monitoring of transactions to detect anomalies or patterns that may indicate unauthorized activity. Entities handling this information must ensure storage and transmission encryption, preventing unauthorized access and potential breaches.

NACHA

Nanonets

SEPTEMBER 25, 2024

Monitor extraction accuracy and implement feedback loops to improve the process continuously. ML tools continuously learn from new transaction data, enhancing their ability to flag anomalies that deviate from established patterns.  For example, if a transaction is misclassified (e.g.,

Process

EBizCharge

SEPTEMBER 6, 2024

These systems also provide regular software updates, multi-factor authentication (MFA), and secure cloud storage, further safeguarding sensitive financial information from unauthorized access and cyber threats. Training: Educate finance teams on how to use the new system effectively, thus supporting informed decisions.

Accounts

PYMNTS

SEPTEMBER 6, 2019

The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. This type of MFA will combine certain KBA elements, such as usernames, with alternate authentication measures that are harder to obtain in data breaches.

MFA

Fintech News

MARCH 1, 2025

Billion, 2025) The biggest crypto hack in history occurred when Bybits cold wallet was breached. Bybit quickly replenished its reserves through emergency loans and whale deposits, ensuring customer withdrawals could continue. billion dollars when hackers breached a hot wallet. The 10 Largest Crypto Hacks in History 1.

Security

VISTA InfoSec

MAY 5, 2025

Implement security controls Deploy required cybersecurity measures like multi-factor authentication (MFA), data encryption, and segregation of duties. Update internal security policies that need to be updated to meet SWIFT CSP standards and set up continuous security monitoring. The Solution: Tackle the challenge step by step.

SWIFT

Segpay

DECEMBER 19, 2024

Identity as a Service, Key to Seamless Digital Transformation As the world continues to digitalize, the need for secure, and scalable identity management systems becomes critical. These adaptive security measures help mitigate potential breaches.

Verification

EBizCharge

FEBRUARY 13, 2025

The best NetSuite payment processing solutions will maintain Payment Card Industry (PCI) compliance , ensuring sensitive payment card data is protected during processing to reduce the risk of breaches and enhance data security.

Processors