Segpay

DECEMBER 13, 2024

The rise of data privacy concerns has led to a surge in global regulations, such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), which are drafted to protect peoples individual data protection rights. If a breach occurs, identity data, once compromised, is hard to restore.

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VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. By addressing these issues, organizations can strike a balance between reaping the benefits of biometric technology and protecting individuals’ privacy.

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VISTA InfoSec

MAY 28, 2024

Therefore, it’s no surprise that data privacy regulations are constantly improving. In this post, we will address some of those questions while exploring what the new data privacy regulations mean for online marketing. Nonetheless, even high search engine credibility won’t suffice if your data privacy policy is inadequate.

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Payments Source

MAY 1, 2020

Adam Levin addresses the threats of cyber fraud and identity theft and what you can do to protect your customers' privacy and credit security.

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Segpay

NOVEMBER 26, 2024

Whether we are setting up a new bank account, making a purchase online, or accessing government services, confirming who we are in the virtual space is crucial to ensuring our security, the protection of our privacy, and the improvement of our user experience. Regulatory compliance is crucial in ensuring data privacy.

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PYMNTS

NOVEMBER 13, 2020

Following a cyberattack that exposed patients’ mental health records last month, Finland is moving ahead with legislation that would let people change their personal identity codes in certain instances, according to an Associated Press (AP) report. The current law makes it difficult to change a personal identity code.

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Segpay

OCTOBER 22, 2024

Privacy-Friendly Cryptographic Security in Compliance with the Law Resistance to traditional ID-based age verification is growing. While user ID-based methods remain effective and compliant, they are often seen as invasive and raise privacy concerns. These solutions aim to balance security, user-friendliness, and privacy protection.

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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. These technologies ensure that users are who they claim to be, reducing the risk of identity theft.

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PYMNTS

DECEMBER 27, 2019

Multiple lawsuits seeking class action status have been filed in Philadelphia over a data breach at Wawa convenience stores, which affected 850 locations along the East Coast of the U.S., Wawa recently came forward with information that it found malware on its payment processing servers, and that it stopped the breach on Dec.

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VISTA InfoSec

JULY 5, 2023

Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! million people.

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PYMNTS

JANUARY 2, 2019

Warby Parker contacted law enforcement when it found out about the breach. One of the biggest problems with these types of data breaches is that many users repeat passwords over many sites, and when information is stolen from one company, it can often be used by another. Warby Parker said that is what happened with this breach.

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PYMNTS

JANUARY 27, 2017

Eric Chiu, cofounder and president of HyTrust , joined this week’s Hacker Tracker to share insights on the SEC examining the Yahoo breaches, why a selfie app may cause more harm than good and how the U.S. Yahoo disclosed a breach of 500 million users’ data in Sept. America’s Data Breach Problem. SEC Keeps An Eye On Yahoo.

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PYMNTS

MAY 10, 2019

prosecutors have charged a Chinese national for his alleged involvement in the 2015 data breach at health insurance company Anthem , which led to the theft of 78.8 businesses operating in four distinct industry sectors, and violated the privacy of over 78 million people by stealing their PII. million records. businesses.

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PYMNTS

MARCH 18, 2019

The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. He pointed to the recent enactment of the California Consumer Privacy Act of 2018 as an example.

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Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

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PYMNTS

MARCH 12, 2018

district court in San Jose, California, ruled late last week that most of a lawsuit concerning Yahoo’s data breach, which exposed 3 billion users’ personal data, can proceed. to get the claims tossed out, including allegations of negligence and breach of contract. According to news from Reuters , U.S. Back in Oct.

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PYMNTS

JULY 10, 2019

Privacy is the new currency in a time when browsing the internet can be a lot like walking through a crime-ridden neighborhood. Besides identity theft, malware and viruses, there are phishing scams, data breaches and other unknown issues that can compromise computers and daily life.

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PYMNTS

MAY 8, 2020

And, the CCPC noted, many Americans “appreciate the privacy and personal freedoms and protections cash affords for their individual spending decisions and purchasing data.”.

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PYMNTS

APRIL 7, 2017

But these agreements also tend to inflame the debate over data privacy. Companies like Finicity are striking data-sharing deals in a market climate wrought with data breaches and fraud, too: Earlier this year, the Identity Theft Resource Center and CyberScout found that data breaches in the U.S.

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EBizCharge

MARCH 18, 2024

From names and addresses to medical insurance and social security, this information must be handled with the utmost care to ensure privacy and security. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that protects the privacy and security of individuals’ health information. What is HIPAA?

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PYMNTS

FEBRUARY 13, 2020

Though there is much that individual firms and the industry as a whole can do to stem the hemorrhage of sensitive data into the hands of cybercriminals – via better encryption, storage and anonymization of data – there is a staggering amount of data already out there from previous breaches that is useful to fraudsters.

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PYMNTS

OCTOBER 26, 2016

With massive cyberattacks like the recent Yahoo data breach — which compromised the personal data of an estimated 500 million user accounts — it’s clear that payment data isn’t the only information that needs to be protected. to provide additional layers of security.

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PYMNTS

MARCH 29, 2017

Data and analytics startup XOR Data Exchange announced it will provide a free resource to online retailers to help businesses identify and mitigate the risk of identity theft. Participating online retailers will also have access to recent data breach activity and the format of any compromised account passwords via the platform.

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Clearly Payments

MARCH 22, 2024

This feature is particularly effective in safeguarding user information; even if a merchant’s system is breached, hackers would not have access to real credit card information. Despite these technological advancements, maintaining trust in mobile payment systems also depends on user education and awareness.

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PYMNTS

SEPTEMBER 19, 2019

The threat of a data breach is now an ever-present part of life for customers and the banks that serve them. A reported 3,813 data breaches across a number of industries — collectively exposing 4.1 billion customer records — occurred in the first six months of 2019, for example. billion stolen credentials.

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Stax

AUGUST 20, 2024

Some challenges and considerations of embedded finance and fintech involve regulatory and compliance issues, data privacy and security, and stiff competition. Data security and privacy concerns Collecting your customers’ data for personalized services poses serious threats if the data is breached.

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PYMNTS

DECEMBER 13, 2019

While Facebook has had some notable instances of stolen user data, the company said this particular breach only involved employees. “We The drives contained data for about 29,000 Facebook employees who worked at the company in 2018.

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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.

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PYMNTS

AUGUST 21, 2018

When it comes to the bond between consumer and financial services, no doubt the relationship is a bit, well, frayed in the age of data breaches and the Dark Web. In the latest Data Drivers, Karen Webster and Philipp Pointner, chief product officer at Jumio , delved into some scary data points surrounding those aforementioned breaches.

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PYMNTS

NOVEMBER 6, 2018

We have notified customers whose accounts may have experienced unauthorized access and offered them one year of credit monitoring and identity theft protection service.”. “HSBC regrets this incident, and we take our responsibility for protecting our customers very seriously,” an HSBC spokeswoman told Reuters. “We

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PYMNTS

OCTOBER 23, 2018

One is the increasing prospect of fraud, of criminals breaking into healthcare IT systems in search of patient data, the scope of which can enable identity theft in ways that are relatively easier than in other sectors. That said, the move to digital can spark new challenges for medical offices.

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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. Cookies often contain session data that can authenticate a user to a website, and securing these is crucial to preventing identity theft.

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Data Security Security Encryption Payment APIs and Integration 52

The Fintech Times

OCTOBER 5, 2024

Starling has since reported multiple potential breaches of financial sanctions to the relevant authorities. “Robust anti-fraud measures are crucial not only for safeguarding the bank’s operations but also for protecting customers from financial losses and identity theft.” ” Is this enough of a punishment?

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PYMNTS

OCTOBER 3, 2019

Indeed, that finding would seem to argue against the common and reasonably supported notion that consumers have become numb to data breaches and hacking, and perhaps even resigned to the fact that they will fall victim to identity theft, stolen funds and other types of fraud that are anchored to online and mobile devices.

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PYMNTS

JUNE 1, 2016

We’ve built a lot of privacy enhancing technologies that allow us to let companies share information without actually flying the data around,” Cook explained. The company’s Compromised Identity Exchange was launched two weeks ago at the request of a large bank that had customer records compromised.

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Segpay

DECEMBER 14, 2023

Cryptocurrencies offer privacy, lower fees, faster transactions, no chargeback risks, and global accessibility. Privacy and Security of User Information Online privacy and security are growing concerns in the adult content industry. Key Takeaways Crypto legitimacy is growing globally among merchants and businesses.

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Stax

APRIL 30, 2024

In addition, they also ensure the privacy of business data and compliance with laws and regulations. The PCI DSS contains twelve stringent requirements that protect both the merchant and the customer from data breaches and identity theft. Not complying with the PCI can attract a fine of up to $500,000 per incident.

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