PYMNTS

MARCH 5, 2020

Telecom giant T-Mobile suffered a data breach that exposed the personal information of employees and customers to unknown hackers, according to reports. “We An investigation was immediately commenced, with assistance from leading cybersecurity forensics experts, to determine what happened and what information was affected.

Law Enforcement 105

Law Enforcement Data Breach Cybersecurity Social Security 105

PYMNTS

MARCH 13, 2020

Princess Cruises disclosed a potential data breach in a notice posted on its website. According to the notice, “Upon identifying this potential security issue, we engaged cybersecurity forensic experts and initiated an investigation to determine what happened, what data was affected, and who was impacted.”.

Data Breach 68

Data Breach Breach Law Enforcement SARS 68

PYMNTS

MARCH 7, 2019

Senate Homeland Security and Governmental Affairs Subcommittee on Investigations, executives from Equifax and Marriott were called out on their companies’ recent data breaches , while other witnesses helped describe the current landscape when it comes to online privacy and data security. During a hearing for the U.S.

Data Breach 71

Data Breach Breach Privacy Federal Trade Commission 71

PYMNTS

MARCH 6, 2018

After its point of sale (POS) systems were reportedly affected by malware designed to capture credit card information, RMH Franchise Holdings is warning that its Applebee’s restaurants in 15 states suffered a data breach. RMH became aware of the breach on Feb. 13 and “promptly took steps to ensure that it had been contained.”

Data Breach 56

Data Breach Breach Point-of-Sale (POS) Law Enforcement 56

PYMNTS

APRIL 9, 2020

Sodinokibi, the alleged perpetrators of the cyberattack, claimed responsibility for the breach. He said British law enforcement is still investigating the crime, but declined to comment further. Travelex, the foreign exchange company that was crippled by hackers on New Year’s Eve, reportedly paid a $2.3

Law Enforcement 111

Law Enforcement Credit Cards Payer On-Demand 111

PYMNTS

JANUARY 3, 2021

We immediately started an investigation, with assistance from leading cybersecurity forensics experts, to determine what happened and what information was involved,” T-Mobile states in the notice. “We We also immediately reported this matter to federal law enforcement and are now in the process of notifying impacted customers.”.

Law Enforcement 85

Law Enforcement Compromise Data Breach Phishing 85

PYMNTS

JULY 7, 2017

Corporate travel company Sabre suffered a cybersecurity incident, first revealed in May, and this week the firm provided an update on the situation. The breach occurred for reservations made between August 2016 and March 2017, the firm said.

Cybersecurity 46

Cybersecurity Law Enforcement Breach Payer 46

PYMNTS

DECEMBER 16, 2016

But sometime in August, a hacking collective based in Eastern Europe quietly began offering the whole database for sale, according to Andrew Komarov, chief intelligence officer at InfoArmor, an Arizona cybersecurity firm that specializes in the dark web. It also doesn’t know who broke into its system or why. InfoArmor did not.

Law Enforcement 66

Law Enforcement Database Breach Data Breach 66

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

PYMNTS

MAY 13, 2016

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

Breach Third Party Vendors Law Enforcement Credit Union 43

Innovative Payments Association

MAY 20, 2024

When companies think about cybersecurity, their first instinct is to think about what technology they have in place to stop hackers. Hacks are not just an IT problem, you will need to communicate and take action with customers, vendors, law enforcement, and internally. Are you ready for all the implications of the attack.

Cybersecurity 52

Cybersecurity FBI Law Enforcement Crime 52

PYMNTS

OCTOBER 30, 2018

Corporate cybersecurity is an ever-increasing focus of government entities, with the U.S. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

MARCH 2, 2016

For the last couple of years, cybersecurity has stood out as one of the strongest segments of the tech sector, but some new reports show the market may be cooling down in 2016. Last year in particular was huge for cybersecurity; in December a forecast from Gartner said worldwide spending on cybersecurity in 2015 was expected to reach $75.4

Cybersecurity 40

Cybersecurity Law Enforcement Data Breach Breach 40

PYMNTS

JUNE 2, 2017

For the second time in the past few years, there has been a new malware-based security breach occurring directly from Kmart’s point-of-sale devices. Banks and credit unions have started getting alerts about stolen credit card account numbers. We are actively enhancing our defenses in light of this new form of malware.

Breach 40

Breach Law Enforcement Credit Union Credit Cards 40

PYMNTS

APRIL 2, 2018

The breach, which is believed to involve 5 million cards, would be one of the largest involving payment cards over the past year. According to Reuters , the company failed to mention if its network was secure, when the breach had begun or how many payment card numbers were taken. A company spokeswoman declined to comment further.

Breach 43

Breach Law Enforcement Data Security Cybersecurity 43

PYMNTS

NOVEMBER 6, 2017

To mark this annual occasion, DHS holds a campaign to raise awareness of cybersecurity issues and to help companies and financial institutions take steps against the type of threats with consequences significantly more serious than perpetrating a Halloween prank. percent from Q2 2016 to Q2 2017. It was becoming an epidemic.”.

FS-ISAC 47

FS-ISAC Cybersecurity Account Takeovers NACHA 47

PYMNTS

FEBRUARY 10, 2017

Fast food chain Arby’s confirmed that credit card data was stolen from thousands of its customers due to a data breach that took place last month. Though the retailer wasn’t named at the time, PSCU said more than 355,000 credit and debit cards issued by PCSU-associated banks were compromised in the data breach.

Credit Cards 47

Credit Cards Data Breach Credit Union Service Organization Credit Union 47

PYMNTS

FEBRUARY 2, 2017

And the number of things corporations have to juggle to safeguard their data — from the numerous types of fraud to the copious technologies that combat it all — mean cybersecurity is no easy task. With several types of fraud threatening the business today, spending on cybersecurity measures is spiking — big time.

Security 65

Security Encryption Cybersecurity Law Enforcement 65

Stax

JANUARY 8, 2024

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Clearly Payments

MARCH 4, 2024

From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013. Over 40 million credit and debit card accounts compromised.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

AUGUST 9, 2018

Corporates around the world are expected to spend an estimated $96 billion on cybersecurity efforts this year, but with cybercriminals continuing to rake in the money, that spend may be in vain. It’s a fact that Jeff Spencer, COO of cybersecurity firm HYAS , described as “sad.” Fresh off a $6.2

Law Enforcement 41

Law Enforcement Data Breach Cybersecurity Breach 41

PYMNTS

AUGUST 15, 2019

Des Moines, Iowa-based supermarket chain Hy-Vee said credit card information for an undisclosed number of customers were exposed in a data breach, according to reports. “Hy-Vee We also notified federal law enforcement and the payment card networks. The number of locations that were affected is unknown.

Credit Cards 47

Credit Cards Compromise Data Breach Law Enforcement 47

PYMNTS

SEPTEMBER 7, 2018

The marquee names, or sites, that have been the target of law enforcement have been tied to criminal activities. That comes amid a relatively tepid projection for cybersecurity spend, slated to grow 9 percent annually. will remain a disproportionately large target by 2023, tied to half of the breaches.

Law Enforcement 65

Law Enforcement Encryption Compromise Cybersecurity 65

PYMNTS

OCTOBER 2, 2017

In the “what else could possibly go wrong, cybersecurity edition” category, particularly in the aftermath of the torrents of coverage on the Equifax breach , it seems the cybercriminals didn’t all retire after the announcement – in fact, they managed to find their way into the Whole Foods and Sonic POS systems and steal cardholder data.

Law Enforcement 44

Law Enforcement Breach Point-of-Sale (POS) Processors 44

PYMNTS

MAY 14, 2019

The retail hack calls to mind other noteworthy breaches, like when hackers accessed the personal data of hundreds of millions of people at the credit rating company Equifax. law enforcement authorities and cooperated with the federal agencies.”. The news affected the company’s stocks, which dropped about 0.6

Compromise 65

Compromise Accounts FBI Law Enforcement 65

PYMNTS

JANUARY 2, 2020

According to a breach notification this week, the malware attack was likely designed to search for and steal customers’ credit card data, including credit card numbers, expiration dates, verification numbers and even the cardholders’ names, in some cases.

Payments Data 52

Payments Data Law Enforcement Credit Cards Payments 52

The Fintech Times

JUNE 11, 2024

The fraud minister must also provide leadership in breaking down barriers to sharing fraud intelligence between companies in different sectors, law enforcement and government departments – a vital step towards shutting down scammers at the earliest opportunity. Additionally, Which?

Crime 69

Crime Law Enforcement Laws Government 69

PYMNTS

DECEMBER 16, 2016

No, you aren’t experiencing déjà vu all over again — as it turns out, that breach of over 500 million Yahoo accounts from 2014 announced in September was more the opening act than the main event. The good news — such as there is any in a billion account breach — is that it seems payment data did not manage to go out the door.

Breach 63

Breach Online and Mobile Banking Data Breach Fed 63

PYMNTS

JANUARY 17, 2017

In consultation with district and college leadership, outside cybersecurity experts and law enforcement, a payment of $28,000 was made by the district. In 2016, some 19 academic institutions disclosed data security breaches. Rodriguez, the district’s chancellor, said in a statement on Jan.

Bitcoin 43

Bitcoin Ransomware Law Enforcement Cybersecurity 43

PYMNTS

APRIL 6, 2020

And given the state of cybersecurity worldwide over the last five or so years, they are bringing a lot of resources to the fight. Hodges noted that fraudsters will be bringing their absolute A-game to bear on what is the weakest link in the digital economy — the consumers and small businesses within it.

IRS 79

IRS Scams Point-of-Sale (POS) Breach 79

Fintech News

FEBRUARY 10, 2025

In 2024, law enforcement traced a series of cryptocurrency transactions to local hawala networks, which facilitated money transfers between terrorist cells. Several platforms in Singapore, South Korea, and Hong Kong reported security breaches, leading to millions in customer losses.

Crime 90

Crime Ransomware Scams Phishing 90

PYMNTS

MAY 4, 2020

Rise in Phishing Attacks and Data Breaches. Some 1,473 breaches revealed 164.7 million sensitive records in 2019, with the financial services industry accounting for only approximately 7 percent of incidents but more than 60 percent of breached records, according to the San Diego-based Identity Theft Resource Center.

Phishing 56

Phishing Credit Union Breach Data Breach 56

PYMNTS

JULY 22, 2019

The company is working with the appropriate law enforcement authorities in connection with this matter,” KeyCorp said in the filing. The bank is currently working with law enforcement on the issue. Bulgaria’s Big Breach . percent and the company lost about $178 million from its market cap.

Breach 40

Breach Security Law Enforcement Crime 40

PYMNTS

JULY 28, 2019

This includes the spread of disinformation, cybersecurity breaches and terrorist propaganda. You’ve got the Facebooks and the Googles deciding what is effectively election law globally,” he said to Reuters. That led to Stamos’s joining Stanford University as an adjunct professor.

Security 43

Security Law Enforcement Disputes Cybersecurity 43

PYMNTS

AUGUST 15, 2017

Marcus Hutchins, a 23-year-old British cybersecurity researcher and employee of L.A.-based cybersecurity researcher pleaded “not guilty” to the federal charges, Reuters reported. The Kronos malware was distributed as an email attachment. On Monday (Aug. 14), the U.K. It was a very exciting moment.”.

Law Enforcement 44

Law Enforcement Cybersecurity FBI Ransomware 44

PYMNTS

APRIL 29, 2016

According to the results of Verizon’s 2016 Data Breach Investigations Report , released on Wednesday (April 27), cybercriminals have become quite adept at using their victims’ human nature against them in order to get what they want.

Phishing 44

Phishing Data Breach Law Enforcement Ransomware 44