Finextra

JUNE 26, 2025

The very factors driving digital adoption thus amplify the necessity for robust security measures, initiating a continuous and dynamic contest between technological innovation and efforts to prevent fraud. This type of fraud can lead to financial losses, identity theft, and reputational damage for both individuals and organizations.

Stablecoins 52

Stablecoins Payment APIs and Integration Cross-Border Account Takeovers 52

Finovate

JANUARY 24, 2025

Shabi: The Instant Payment Regulation (IPR) is designed to make instant euro payments secure and accessible across the EU. It sets clear IT security standards, focusing on managing information and communication technology (ICT) risks, improving incident reporting, and overseeing third-party ICT service providers.

Regulations 72

Regulations FinTech BNPL Cross-Border 72

Finextra

JULY 16, 2025

Cybersecurity has long emphasized the importance of security awareness campaigns, yet unsafe behaviors persist. Security awareness is no different. Humans As a Critical Security Layer It’s well past time to retire the phrase “humans are the weakest link.” Yet, when life gets hectic, you trade that workout for the couch.

Security 71

Security Payment APIs and Integration Risk Management Stablecoins 71

VISTA InfoSec

FEBRUARY 25, 2024

A data breach could ruin your business overnight. That’s the harsh aftermath companies face today following high-profile breaches. That’s the harsh aftermath companies face today following high-profile breaches. What Is A Data Breach? Understanding breach avenues helps strengthen protections proactively.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

VISTA InfoSec

MAY 12, 2024

According to the Identity Theft Resource Center’s (ITRC) 2023 Business Impact Report , 73% of small business owners in the US reported a cyber-attack within the previous year, underlining the growing popularity of small businesses as a target among malicious actors.

PCI DSS 277

PCI DSS Security Compromise Best Practices 277

PYMNTS

FEBRUARY 28, 2019

Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). In 2017, Equifax suffered a massive data breach that exposed the personal data of 143 million consumers in the U.S., Begor made the confession after U.S.

Identity Theft 77

Identity Theft Data Breach Breach Social Security 77

VISTA InfoSec

JUNE 21, 2023

Not sure where to start if you notice a data breach? Here are seven essential steps to follow Becoming aware that your company has suffered a data breach can be unsettling. Identifying and Containing the Damage Once you have been made aware of a data breach, the first step is to identify and contain the damage.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

MAY 21, 2020

Active-duty service members are 76 percent more likely to report identity theft than most people, according to data from the Federal Trade Commission (FTC). The FTC has said identity theft is a prevalent problem, with over 650,570 cases reported in 2019, or 20.3 percent of the 3.2 million fraud cases reported that year.

Identity Theft 71

Identity Theft FTC Federal Trade Commission Debit Card 71

FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Javelin Research reported a 17% rise in reported US identity theft victims , from 13.1 Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. million to 15.4 Am I missing a topic?

Identity Theft 72

Identity Theft Account Takeovers Best Practices Data Breach 72

PYMNTS

APRIL 12, 2020

The notice did not say there had been any breach of company data, and it didn’t say if customers had lost anything or what the fraudulent emails had been asking for. The state-owned bank did not comment but told clients in an email that the attack was on some of the employees’ mailboxes.

Data Breach 122

Data Breach Breach Identity Theft Law Enforcement 122

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.

Identity Theft 77

Identity Theft Data Breach Breach Privacy 77

PYMNTS

SEPTEMBER 11, 2017

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. My understanding is the breach was perpetuated via the Apache STRUTS flaw,” Meuler told The Post. consumers, putting them at risk of identity theft.

Database 66

Database Breach Identity Theft Data Breach 66

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. may actually be putting users’ security at risk.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

FEBRUARY 10, 2017

a leading provider of identity theft protection, it has created the most comprehensive consumer digital safety platform to help people protect their information, identities, devices and families. With more people shopping online and sharing their lives on social media, identity theft is at an all-time high.

Identity Theft 43

Identity Theft Social Security Breach Returns 43

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. Digital identity verification allows users to complete verification remotely.

Verification 111

Verification Identity Theft Due Diligence Money Laundering 111

PYMNTS

JANUARY 11, 2021

A California man has sued Robinhood Financial and Robinhood Securities, claiming he lost thousands of dollars after his brokerage account with the firm was breeched, according to a complaint. Robinhood has insisted its internal systems weren't compromised and that unauthorized access was due to identity theft.

Accounts 96

Accounts Identity Theft Breach Laws 96

PYMNTS

NOVEMBER 12, 2018

The Centers for Medicare and Medicaid Services ( CMS ) confirmed on its website that it was the victim of a data breach in October — the Marketplace system used for agents and brokers was hacked. HealthCare.gov is safe to use, and the agent and broker system is now available again with additional security measures in place.

Identity Theft 71

Identity Theft Consumer Data Breach Breach 71

PYMNTS

DECEMBER 20, 2019

Gas station and convenience store chain Wawa said it discovered a data breach in which thousands of customers’ debit and credit card information was stolen, according to a report by CNBC. Wawa said its team stopped the breach on Dec. Wawa also said it doesn’t think any credit cards were used illegally because of the breach.

Data Breach 52

Data Breach Breach Identity Theft Credit Cards 52

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.

Breach 69

Breach Laws Identity Theft Data Breach 69

VISTA InfoSec

JULY 5, 2023

Data security has become an essential aspect of our lives and is more crucial than ever before. 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

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Payments Source

OCTOBER 3, 2017

Credit bureaus can address identity theft by advancing the robustness of their security processes and abandoning outdated systems that rely on our personal information, writes Jason Brvenik, Chief Technology Officer for NSS Labs.

Identity Theft 63

Identity Theft Breach Addressing Process 63

PYMNTS

OCTOBER 26, 2016

While it’s not uncommon for these Internet of Things (IoT) devices to be accessed by attackers looking for a stealthy way in, it’s also not uncommon for merchants to overlook these as a point of security vulnerability. to provide additional layers of security. Going Beyond PCI.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

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.

Data Breach 52

Data Breach Breach Identity Theft Debit Card 52

PYMNTS

JULY 9, 2020

Relying on static usernames and passwords to authenticate customers is no longer sufficient, and many FIs are therefore examining how tools like biometrics can offer greater security. Around The FI Fraud Decisioning World. percent of all fraud reported in 2019. Get the scoop in the Playbook. About The Playbook.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

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. Securing Digital Identities Digital identity verification is a cornerstone of fintech services.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

PYMNTS

SEPTEMBER 13, 2018

Consumers prefer speed, convenience and ease of use over security — even when it comes to accessing financial services online. In comparison, only 45 percent said they would prefer an authentication method due to its tight data security. At the same time, though, the risk of identity theft and fraud is at an all-time high.

Security 59

Security Identity Theft Authentication Breach 59

PYMNTS

JANUARY 27, 2021

Some schemes that are impractical to wage in person are simpler to perpetrate online because of a decreased security presence, the anonymity of transactions and fraudsters’ abilities to stage hundreds of attacks simultaneously. Biometric-based methods’ effectiveness varies, but all provide better security than simple passwords.

Innovation 85

Innovation Security Bots Identity Theft 85

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. Take Marriott , which is still dealing with the fallout of a breach that left the data of 500 million rewards customers exposed. Inverting the Fraud Approach.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

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.

Cybersecurity 74

Cybersecurity Accounts Identity Theft Law Enforcement 74

Segpay

OCTOBER 22, 2024

Privacy-Friendly Cryptographic Security in Compliance with the Law Resistance to traditional ID-based age verification is growing. These solutions aim to balance security, user-friendliness, and privacy protection. These solutions aim to balance security, user-friendliness, and privacy protection.

Verification 105

Verification Blockchain Privacy Encryption 105

Fi911

MARCH 26, 2024

Tokenization is a security measure that swaps sensitive data with a random number or “token.” This token holds no traceable connection to the real data, offering optimal data security for merchants and cardholders alike. Only the token is visible to merchants and other parties, ensuring the security of customer information.

PCI DSS 105

PCI DSS Encryption Origination Identity Theft 105

PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Health care entities and government agencies, too, are at risk for their data security.

Data Security 54

Data Security Governance Government Data Breach 54

Payments Source

SEPTEMBER 13, 2017

The breach may result in a huge new dump of names, addresses, Social Security numbers, and other personal information that fraudsters can leverage to gain access to a legitimate user’s account, writes Jason Tan, CEO of Sift Science.

Breach 63

Breach Social Security Addressing Accounts 63

PYMNTS

MARCH 16, 2017

The Department of Justice bringing charges against two spies in Russia and two hackers who allegedly took part in the massive data breach that rocked Yahoo recently has now shed light on exactly how these breaches took place. According to Palmore, that initial breach eventually led the exposure of more than 500 million user accounts.

FBI 46

FBI Breach Identity Theft Data Breach 46

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 million records. businesses. businesses.

Data Breach 46

Data Breach Breach Identity Theft Law Enforcement 46

Segpay

FEBRUARY 21, 2024

This transformative technology, characterized by its ability to create content autonomously, is poised to revolutionize how businesses operate, interact with customers, and secure sensitive information. These biometric features add an extra layer of security by ensuring that only authorized users can make transactions.

AI 105

AI Innovation Fraud Detection Encryption 105

PYMNTS

JUNE 21, 2019

Canadian lender Desjardins Group revealed that it has been the victim of a data breach that could impact more than 2.9 Desjardins, the largest association of credit unions in North America, explained that the breach is the result of unauthorized and illegal use of the company’s data by an employee who has since been fired.

Data Breach 45

Data Breach Breach Identity Theft Law Enforcement 45