Finextra

JULY 7, 2025

Power survey shows consumers are largely optimistic about AI’s benefits: 72% agree AI will deliver easy, convenient self-service but also highlight areas to improve, such as building trust and ensuring human-like empathy in AI interactions. For consumers, the experience is also smoother. At the same time, a J.D.

AI

Finextra

JUNE 26, 2025

The Significant Financial and Reputational Impact of Online Payment Fraud, Particularly from Stolen Payment Cards Online payment fraud poses a severe and multifaceted threat, resulting in substantial financial losses for both businesses and consumers globally. Projections indicate that global card fraud losses are expected to reach $40.53

Stablecoins

Finextra

JUNE 26, 2025

The Significant Financial and Reputational Impact of Online Payment Fraud, Particularly from Stolen Payment Cards Online payment fraud poses a severe and multifaceted threat, resulting in substantial financial losses for both businesses and consumers globally. Projections indicate that global card fraud losses are expected to reach $40.53

Stablecoins

PYMNTS

OCTOBER 17, 2018

Visa announced today the commercial expansion of its Visa Token Service for “credential-on-file token requestors.” Network tokens offer merchants an appealing solution to boosting the security of transactions while also helping merchants manage the account credentialing that is now the reality of multichannel retail payments.

Credential

PYMNTS

APRIL 24, 2019

There is a bit of a twist in this often-told tale of breached consumer data: Chipotle maintains that the company itself has not been breached. She further noted that the firm is pretty sure credential stuffing is the root cause in this case. It could easily be credential stuffing. The Evolving Application Of Credential Stuffing.

Credential

VISTA InfoSec

JUNE 3, 2024

Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals. According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords. HIPAA compliance: Regulations for protecting health information.

MFA

PYMNTS

FEBRUARY 1, 2021

Cybercriminals are simply shifting their tactics to find a new way to attack businesses and consumers. 40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports.

Data Breach

PYMNTS

JUNE 23, 2020

Consumers need to know that personal and payments-related data are secure. Reducing fraud is critical, as fraudsters look toward new avenues of stealing credentials and draining accounts. The tokenized credentials cannot be stolen or compromised, which makes digital payments safer for consumers and merchants.

Credential

PYMNTS

OCTOBER 27, 2017

Hackers are using virus-infected consumer computers to generate bitcoin, according to news from The Wall Street Journal. Hackers look for ways to best monetize the computers they compromise. Traditional avenues include stealing bank account credentials to sell on the dark web or installing destructive malware software.

Compromise

PYMNTS

NOVEMBER 16, 2020

COVID-19-related changes acted as a springboard, prompting further digital enablement and dramatically driving consumer adoption, she said. Consumers, of course, are ever-more dependent on digital connections and correspondence in the midst of economic headwinds and the public health crisis. “As At The Consumer Level.

Identity Theft

PYMNTS

JUNE 26, 2020

Introducing open banking principles has not been without friction, however, with banks and consumers concerned over how this sea change will affect FIs’ daily operations. The merchant’s connection with the bank is also kept secure through government-provided credentials, ensuring that fraudsters are unable to infiltrate.

Consumer

PYMNTS

APRIL 14, 2019

According to reports citing Microsoft, the company confirmed that a “limited” number of webmail users — including @msn.com and @hotmail.com — saw their accounts compromised by hackers. It also appears the bad guys didn’t access login credentials including passwords. Microsoft said affected users should change their passwords.

Breach

Fintech Finance

NOVEMBER 6, 2024

As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day.

Visa

PYMNTS

MAY 13, 2020

Visa said Wednesday (May 13) that 28 new partners — spanning a range of gateway acquirers and technology partners — are joining Visa Token Service as credential on file token requestors. The tailwinds are there, he said, for merchants to make the transition as “consumers shift to digital-first commerce at a rapid pace.”.

Credential

PYMNTS

AUGUST 16, 2019

The airline claims that 24[7] fell short of implementing basic security controls like forbidding workers from using the same login credentials or requiring multifactor authentication for employees accessing source code. According to the news outlet, hackers changed the source code of the chatbot via compromised credentials.

Data Breach

PYMNTS

OCTOBER 13, 2016

Apparently all such devices offer an excellent place to do mass tests of stolen login credentials, according to research from Akamai Technologies Inc. There is even a name for this type of hacking: “credential stuffing campaigns.”. There is even a name for this type of hacking: “credential stuffing campaigns.”.

Credential

PYMNTS

NOVEMBER 16, 2020

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. Business email compromise scams spiked 15 percent during the period, too, with researchers finding that BEC attacks increased across 75 percent of the industries surveyed.

Business Email Compromise

PYMNTS

JUNE 21, 2016

Computer manufacturer Acer announced that hackers may have stolen the payment credentials of thousands of its customers. The company notes that the credentials may have been breached by a third party between the dates of May 12, 2015 and April 28, 2016. Canada and Puerto Rico, according to a letter from the company.

Compromise

PYMNTS

OCTOBER 26, 2016

From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks. Going Beyond PCI. to provide additional layers of security.

Payment Security

PYMNTS

JULY 22, 2019

Reports say that the hacks, which are known as Media File Jacking, allow media that spans photos to documents to be compromised in “real time” and that means intercepting data between when it is written to disk and when they are loaded onto user interfaces. The phishing campaign targets consumers and also commercial users.

Phishing

PYMNTS

SEPTEMBER 26, 2016

A common thread to many of these attacks is compromised or hijacked credentials that allow an attacker to pose as a legitimate entity.”. The main goal of cybercriminals is to steal money, and this can be done by stealing consumer identities.

Online and Mobile Banking

PYMNTS

MAY 31, 2018

It makes sense, as the regulation adds strict new standards around these actions – and particularly around consumers’ rights to control their own data, even going so far as to request its total erasure from an organization’s system. However, according to Karl P.

ATM

PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. But internal threats, such as those that occur when employees’ credentials are compromised in phishing attacks, are just as imperiling and can bypass banks’ external defenses.

Credential

PYMNTS

DECEMBER 14, 2016

KFC reportedly only found 30 accounts that were compromised so far. The report noted that, because only a small amount of consumers appear to be impacted, it may be the bad guys are trying to reuse credentials from other password hacks. Even though it may not result in a massive breach, KFC did sent out emails to its 1.2

Risk

PYMNTS

NOVEMBER 9, 2016

As positive as that story is, there’s no doubt that the revelations of fraud at well-known financial institutions and the assault on the sanctity of the bank/consumer relationship that it revealed will shake consumers’ trust even further. This comes at exactly the time when consumers need to feel that their bank has their back.

Economy

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. With fraudsters getting bolder, banks, retailers and consumers are recognizing that stronger verification is now a necessity. Fraud is rampant and thriving.

Identity Theft

PYMNTS

OCTOBER 14, 2016

The new group, called Odinaff, is believed to be compromised of 10–20 organizations armed with malware that can hide fraudulent transfer requests in the SWIFT system. The emergence of new possible instances of compromise is not entirely surprising given that banks should now be undertaking rigorous reviews of their environments.

SWIFT

PYMNTS

NOVEMBER 22, 2016

Consumers can expect to be presented with hundreds of potentially malicious mobile apps on one of the biggest shopping days of the holiday season. These apps can trick unsuspecting consumers into downloading malware and compromising their login credentials and credit card information.

Phishing

PYMNTS

JUNE 23, 2020

Twitter has issued an apology to its business clients acknowledging that personal information may have been compromised, the BBC reported. The tech company said there’s no evidence billing information was compromised. We have very strong evidence that Twitter was not hacked, rather the consumer was.

Data Breach

PYMNTS

JANUARY 29, 2018

It’s time to talk more about what we’re really trying to accomplish for consumers — and for our businesses — and less about the tactics some are trying, with mixed success, to accomplish that. Mobile wallets were built to solve a payments problem in the store that no consumer ever had. It’s seemingly all about tactics these days.

Online and Mobile Banking

PYMNTS

JULY 13, 2020

Those that cannot adequately detect and thwart ATOs cannot safely serve the many consumers who need smooth financial support during the pandemic- related economic downturn, and attempted attacks can be deeply damaging to consumers and banks’ brands alike. FIs have therefore been working to upgrade their defenses against such attacks.

Credential

PYMNTS

NOVEMBER 25, 2016

To combat this, hackers are looking to gain access to sensitive information by taking a much easier route: using legitimate credentials to go right inside. The bad guys realize that we’re getting better at locking the doors, so they have to go after the keys, and really, that’s what those user credentials are.”.

Cybersecurity

PYMNTS

JANUARY 3, 2017

François Lasnier, SVP of identity protection at Gemalto, said in a statement that consumer habits are impacting how individuals approach security while at work. “From credential sharing to authentication practices , it’s clear that consumer trends are having a big impact on enterprise security,” he stated.

Authentication

PYMNTS

NOVEMBER 21, 2016

At the same time, consumers began to use their mobile devices to discover the things that they wanted to buy but increasingly abandoned those purchases given the frictions encountered along the way. Increasingly, consumers and merchants want even more than that. Was that by design? JL: Yes, it was.

Digital Payments

PYMNTS

DECEMBER 12, 2018

The company notified its DD Perks rewards account holders that their information might have been compromised by a hacker. The city of Bakersfield, Illinois, for example, recently disclosed that cybercriminals had compromised the third-party website Click2Gov, used to process residents’ utility and municipal payments.

Data Breach

PYMNTS

DECEMBER 16, 2016

As consumers race to catch the shopping deals and retailers battle it out for their attention and dollars, hackers lurk in the shadows, ready for a chance to strike. The most common types of threat actions used by hackers include brute force, the use of stolen credentials and offline cracking.

Breach

PYMNTS

DECEMBER 19, 2019

And trust, as has been well-documented, is one of the hallmarks of consumers’ relationships with credit unions (CUs). The stakes are high, and tech is the weapon of choice in fraudsters’ ploys to gain access to sensitive data and drain accounts as they seek to exploit consumers’ trust in their CUs. The Linked Analysis Defense.

Credit Union