PYMNTS

JANUARY 14, 2020

But for many service providers, achieving one can often mean compromising the other. ’s Open Banking , which promote end-customer ownership of financial data and enable those customers to allow for banks to share their financial data with third-party service providers. Greater Security Without Compromising UX.

Security 101

Security PCI DSS Compromise Service Provider 101

Fintech Review

NOVEMBER 28, 2024

sAxess includes Serenity’s patent-pending data recovery technology, offering secure pathways for data access under predefined conditions. Furthermore, this allows users to set specific conditions, such as inheritance, for authorized data access.

Security 52

Security Transactions Blockchain Data Security 52

CB Insights

OCTOBER 2, 2018

Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are doubling down on data security. Owning this data puts FAMGA on the front lines in the fight against the theft and exploitation of our personally identifiable information (PII). Effective data security features are critical to securing this information.

Data Security 58

Data Security Encryption Security Data Breach 58

VISTA InfoSec

NOVEMBER 7, 2023

Man-in-the-Middle attacks : Attackers secretly intercept and relay communication between two parties, potentially capturing login credentials. Brute force attacks : Cyber attackers use trial-and-error methods to guess login credentials, exploiting weak passwords. System verification : The system checks the entered credentials.

Authentication 130

Authentication MFA Cybersecurity Credential 130

Fintech News

MAY 1, 2025

Social engineering involves the psychological manipulation of individuals to trick them into taking actions that compromise security or reveal confidential information. This trend can be in part explained by improved web security practices by organizations. These are often paired with ransomware to infiltrate systems.

APACS 85

APACS Data Breach Breach Ransomware 85

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.”. Cybercriminals are now targeting web and mobile apps in attempts to secure stolen user credentials.

Online and Mobile Banking 78

Online and Mobile Banking SWIFT Credential Central Bank 78

Payments Source

JUNE 1, 2017

Kmart has been hit with a malware attack that has resulted in the compromise of payment card credentials for the second time in three years.

Credential 60

Credential Compromise Payments Data Security 60

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 75

SWIFT Compromise Cybersecurity Data Breach 75

Clearly Payments

JANUARY 12, 2024

Isolate and Secure the Affected System Immediately isolate any compromised systems or payment terminals to prevent further unauthorized access. Change passwords and access credentials for the affected systems to prevent continued unauthorized activity. Implementing robust security measures is another essential step.

Credit Cards 105

Credit Cards Law Enforcement Card Issuer PCI DSS 105

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. This is not the first time Twitter has been exposed to a data breach. We’re very sorry this happened.

Data Breach 61

Data Breach Breach Compromise Credit Cards 61

PYMNTS

DECEMBER 12, 2018

However, with so much sensitive information being transferred with each transaction, the need to keep the data secure has never been greater. In the new Smarter Payments Tracker , PYMNTS explores the latest efforts by banks and businesses to keep payments data secure from fraudsters, cybercriminals and other bad actors.

Data Breach 66

Data Breach Payments Faster Payments Breach 66

PYMNTS

FEBRUARY 8, 2019

Plus, professionals will often use paper or spreadsheets to keep track of those login credentials. The reliance on passwords means those credentials become more of a security liability than protector, as cyberattackers attempt to infiltrate enterprise systems. most common) passwords and check them against millions of accounts.

Phishing 66

Phishing Credential Payment APIs and Integration MFA 66

PYMNTS

JUNE 26, 2020

All of this valuable data needs to stay out of the hands of fraudsters and other bad actors, of course. Open banking’s nature fortunately provides superior data security to traditional banking models. Open Banking Prevents Data Exposure. Amazon, for example, presents their credential to us as a TPP,” Elliott explained.

Consumer 79

Consumer Credential Financial Crimes Crime 79

PYMNTS

FEBRUARY 28, 2020

The number-one thing that we see is compromised credentials from another service being used against us,” he explained. Stolen credentials are often purchased from dark web marketplaces, or gathered via phishing emails and brute force attacks on other websites. … I think what you see on Dropbox is not unique to us.

Credential 52

Credential Phishing Fraud Prevention Best Practices 52

PYMNTS

AUGUST 19, 2019

PYMNTS recently spoke with home cleaning robot provider iRobot ‘s Vice President and Chief Information Officer Mike Tirozzi and Director of Product and Data Security Mike Gillen on the ways smart home providers are tackling such issues and how providers can offer the conveniences of home IoT while minimizing risk. .

Risk 51

Risk Security Compromise Credential 51

PYMNTS

AUGUST 21, 2019

PYMNTS spoke with iRobot SVP and CIO Mike Tirozzi and Director of Product and Data Security Mike Gillen about keeping devices secure. “We As alluded to above, data security must be considered over a device’s lifetime. Outdated software is an often overlooked security flaw.

Security 66

Security Data Breach Breach Encryption 66

PYMNTS

APRIL 17, 2018

Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more. The company has filed for more than 35 patents in blockchain technology.

Blockchain 52

Blockchain Visa Credential Blocks 52

PYMNTS

OCTOBER 15, 2018

It’s a twist on the business email compromise (BEC) scam that typically involves scammers emailing business owners and seeking payment via wire transfer, ACH or paper check. “No legitimate business or utility will call you and ask you to make a payment using a Green Dot card,” AG Frosh said in a statement.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

DECEMBER 17, 2019

One study determined that roughly one-third of consumers have been victimized by fraud, leading them to contact their financial institutions (FIs) to change login credentials, cancel credit cards and guard against suspicious transactions. This means consumers also blame FIs when data breaches occur, regardless of the entity actually at fault.

Technology 56

Technology Data Breach Breach TCH 56

Clearly Payments

JANUARY 8, 2024

A crucial aspect of risk management involves adhering to the Payment Card Industry Data Security Standard (PCI DSS) , which sets stringent guidelines for securing payment transactions and protecting cardholder information. Secure Network Configurations Configuring secure networks is fundamental to PCI DSS compliance.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

MAY 2, 2019

.” That’s despite the majority (60 percent) of companies surveyed having a third-party policy around data security. Nearly 250 companies said they experienced a data breach because of security lapses at their supplier, and one-third of them said that incident impacted personal data.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

FEBRUARY 14, 2019

The challenge for firms transacting with companies in a manner that is anything but face-to-face is that it’s hard to tell whether a consumer (and, thus, a transaction) is legitimate, or whether the data being presented has come from the Dark Web and that the bad guys are about to make off with some ill-gotten gains.

Authentication 60

Authentication Transactions Online and Mobile Banking Credential 60

PYMNTS

DECEMBER 4, 2018

Here’s the challenge: Consumers are almost certainly becoming numb to these types of breaches, secure in the knowledge that banks will have their backs. Sure, there is always some early stage indignation, some earnest proclamations to avoid compromised businesses. Fewer still cancelled their credit and debit cards.

Breach 68

Breach Data Breach Authentication Database 68

PYMNTS

FEBRUARY 28, 2020

million members and 173,000 businesses, but later admitted that its entire member base was compromised. The leaked data did not include passwords, codes or identification questions, but did expose names, addresses, birthdates, social insurance numbers and information about transaction habits. CUs’ Tools To Secure Member Privacy .

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

PYMNTS

APRIL 9, 2018

Likewise, cybersecurity tools are limited when stopping other employee behaviors that lead to data breaches, like sending credentials or money to bad actors and fraudulent accounts. When it comes to data security, the potentially detrimental impact of an inadvertent insider on IT security cannot be overstated.”.

Data Breach 49

Data Breach Breach Cybersecurity Phishing 49

CB Insights

MARCH 27, 2019

These high-profile data breaches (among many others over the last few years) have put the general public on high alert, with talk of data protection becoming an increasing priority. Read our future of data security report for more on this topic. ). But the company is not alone.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

PYMNTS

MARCH 24, 2016

Sarkissian pointed out that the wants and needs of government, as they relate to payments, tend to be more about where a credential is used and the patterns of payments themselves, but there are still challenges to striking that perfect balance of security as to not compromise customers’ privacy. IDENTITIES AT RISK.

Encryption 41

Encryption Compromise Privacy Credential 41

PYMNTS

MAY 31, 2018

But with the growing avenues by which consumers can be attacked, they might not be aware that their identities are being compromised until the damage is done, said Reynolds. In the end, that communication may be coming from the bad apple looking to pilfer credentials or account details.

Online and Mobile Banking 49

Online and Mobile Banking Compromise Best Practices Social Security 49

The Fintech Times

JULY 30, 2024

SIEM, SOAR and EDR), identity and access management and data security protection tools. Lost business and post-breach customer and third-party response costs drove the year-over-year cost spike, as the collateral damage from data breaches has only intensified.

Data Breach 59

Data Breach Breach AI Law Enforcement 59

PYMNTS

MARCH 1, 2018

As Webster noted, the Dark Web is awash with offerings for sale – everything from Social Security numbers to birthdates to drivers’ licenses. This is a dangerous time,” he told Webster, “and data is probably out there.”.

Push-to-Card 40

Push-to-Card Breach Compromise Authentication 40

PYMNTS

APRIL 16, 2018

I said then that the payments and commerce power brokers of 2018 and beyond understand how to use context to monetize consumer intent without compromising their trust, their data and therefore their expectations of the platforms when using them.

Consumer 48

Consumer Credential Compromise Product 48

Exact Payments

JANUARY 4, 2024

The Payment Card Industry Data Security Standard (PCI DSS) plays a crucial role in protecting cardholder data for businesses that accept credit card payments. This set of security guidelines is mandated by major credit card associations such as Visa, Mastercard, American Express, and Discover.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

PYMNTS

OCTOBER 27, 2017

That was before Equifax flooded the dark web with the personal credentials of every adult in the United States. The Department of Education also notes that Dark Overlord is picking districts “with weak data security or well-known vulnerabilities that enable the attackers to gain access to sensitive data.”.

AI 46

AI Account Takeovers FBI Payment APIs and Integration 46

Nanonets

JANUARY 10, 2024

How to Obtain and Use Your Mailchimp API Key Obtaining and utilizing your Mailchimp API Key is a straightforward process, but it's crucial to handle this key securely as it provides direct access to your Mailchimp account. Store it securely and never share it publicly. Regenerate your key if you suspect it's been compromised.

CRM 52

CRM API Gateways Automation 52

PYMNTS

DECEMBER 3, 2018

It was reported that some consumers whose cards were compromised said they stopped using them at Target – while still shopping there – and reverted to cash instead. Banks have invested billions in systems to detect and prevent fraud using stolen credentials, and to secure their networks from the hacks that could expose them.

Breach 77

Breach Consumer Credential Compromise 77

CB Insights

AUGUST 25, 2017

Other potential applications include using blockchain to provide massive scale data authentication: for example, using its blockchain-enabled KSI (Keyless Signature Infrastructure), cybersecurity startup Guardtime tags and verifies data transactions for cryptographic assurance of their integrity and authenticity.

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78

PYMNTS

MARCH 7, 2016

Consumers aren’t bothered all that much about having their card credentials compromised. But, consumers have been trained that they’re not responsible at all when a bad guy compromises their card information. They know they won’t be – and even if they are, they’re totally off the hook.

Online and Mobile Banking 46

Online and Mobile Banking Payments Same Day ACH Financial Inclusion 46