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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

Source – credit card debt statistics 2025 and Australian debit card statistics ) As digital transactions continue to grow, so do the challenges of protecting sensitive customer data. million accounts were leaked witnessing a 388% increase in compromised user accounts. You may also check our latest YouTube video on PCI DSS 4.0

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Finastra Confirms Breach Amid Hacker’s 400GB Data Theft Claim

Fintech News

The company confirmed the incident to TechCrunch following a hacker’s claim of compromising Finastra ‘s internal file-transfer platform and subsequent attempts to sell the stolen data. Currently, Finastra is unable to disclose the number of affected customers or the precise nature of the compromised data.

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Cyber Threats Surge in India’s Financial Sector

Fintech News

Attack vectors across the banking, financial services and insurance industry operations, Source: Digital Threat Report 2024, CERT-In, CSIRT-Fin and SISA Phishing attacks surge In H1 2024, cybersecurity firm Kaspersky recorded more than 135,000 phishing attacks targeting Indias financial sector.

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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. However, as payment services rely more heavily on these AI technologies, they face a growing challenge: how to harness the power of LLMs without compromising data privacy.

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SonicWall: SMBs Suffer as AI Automation Tools Lower Barriers to Entry for Cyberattacks

The Fintech Times

Small and mid-sized businesses (SMBs) are suffering from a continuing onslaught of cyberattacks as threat actors adopt more efficient targeting and AI-driven attacks, according to a new report from cybersecurity firm SonicWall.

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FICO Urges FIs to ‘Work Harder Than Ever’ to Combat Fraud as PSD3 Regulations Beckon

The Fintech Times

Conversely, identity (ID) fraud losses dropped significantly by 26 per cent to £58.7million, pointing to a shift in criminal behaviour away from ID theft and towards social engineering, data compromises and scams.

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G-Knot Prepares Launch of Biometric Crypto Wallet Backed by Finger Vein Authentication

The Fintech Times

The company is positioning the technology as a solution to long-standing security challenges in self-custody, as losses from crypto-related hacks continue to rise. Notable breaches include Phemex , which lost $85million to a hot wallet exploit and UPCX , which lost $70million due to a compromised private key.