The Fintech Times

OCTOBER 25, 2024

The advanced security capabilities embedded within this solution include data encryption, isolation of customer environments, embedded Hardware Security Modules with the highest security certification, and a versatile governance framework that removes single points of compromise and helps mitigate the risks associated with malicious actors.

Data Encryption 59

Data Encryption On-Demand Encryption Compromise 59

Exact Payments

JULY 1, 2024

which includes security enhancements such as enforcing “forward secrecy” to prevent the compromise of encryption keys between the server and clients. This feature ensures that each session has unique encryption keys, which are not derived from a set of long-term keys. The encrypted data is then written to our database.

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. 2013 had compromised even more user data.

Data Breach 71

Data Breach Breach Security Risk 71

Basis Theory

OCTOBER 1, 2024

While capturing this information can happen in transit (see: #4), most of all, data spends 99.9% PCI DSS outlines many requirements on how organizations must protect their data when not in use, but encryption is one of the most popular methods. Scaling encryption is extremely difficult and risky for developers.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Fintech Finance

MARCH 12, 2024

requirements for data security at rest move beyond disk-level encryption to protection within applications. comforte’s Data Security Platform meets this requirement by inserting a protection layer into applications that buffers for tokenization or encryption of sensitive data. PCI DSS v4.0

PCI DSS 52

PCI DSS Compliance Encryption Real Time Payments 52

PYMNTS

NOVEMBER 30, 2016

According to the San Francisco Examiner , the computer screens of Muni agents displayed the message, “You Hacked, ALL Data Encrypted” beginning Friday night. According to Krebs, a security researcher said he compromised the inbox of the hacker after seeing a news article on the SFMTA hack.

Ransomware 44

Ransomware Bitcoin Data Encryption Encryption 44

Stax

NOVEMBER 6, 2023

Today, data is as important as currency and should be safeguarded as such. In 2022, there were 1802 instances of data compromise in America which affected 422 million people. Tokenization vs encryption Data encryption is another popular data security technique where data is transformed into an illegible format.

Encryption 88

Encryption PCI DSS Data Security Origination 88

CB Insights

OCTOBER 2, 2018

For example, Facebook recently disclosed that an unprecedented data breach, discovered on September 25, exposed the social media accounts of up to 90 million users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account.

Data Security 58

Data Security Encryption Security Data Breach 58

VISTA InfoSec

JANUARY 22, 2024

It boils down to minimizing the risk of data breaches and maximizing the security of cardholder information. This is achieved through a multi-pronged approach: Data Encryption: Requirement 3 mandates the use of strong cryptographic controls such as encryption for stored cardholder data.

PCI DSS 100

PCI DSS Encryption Procedures Authentication 100

FICO

MARCH 8, 2017

Encryption can be effective …. … but it’s not a stake through the heart of hacking. Data encryption is a highly effective defense against hackers, particularly in achieving HIPAA compliance to protect Protected Health Information (PHI). All defenses can be compromised, and when that happens, you need to know it – and quickly.

Encryption 40

Encryption EMV Authentication Data Encryption 40

FICO

MARCH 8, 2017

Encryption can be effective …. … but it’s not a stake through the heart of hacking. Data encryption is a highly effective defense against hackers, particularly in achieving HIPAA compliance to protect Protected Health Information (PHI). All defenses can be compromised, and when that happens, you need to know it – and quickly.

Encryption 40

Encryption EMV Authentication Data Encryption 40

Core

SEPTEMBER 15, 2023

Scalability for transaction volume: As more citizens opt for kiosk payments, these systems should be able to handle increasing transactions to accommodate growth without compromising performance.

Government 52

Government Governance Transactions Security 52

FloQast

MAY 13, 2024

Ensuring all solution providers you work with employ data encryption, both during transmission and while data is at rest. Have a well-defined incident response plan in place that outlines the steps to take when a breach occurs to mitigate damage and prevent further compromise of sensitive financial data.

Accounts 52

Accounts Technology Cybersecurity Audit 52

EBizCharge

OCTOBER 25, 2023

An incident is only considered a data breach if the confidentiality of data is compromised. Sensitive or confidential data can include customer data records, bank account numbers, Social Security numbers, healthcare information, intellectual property, etc.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

Nanonets

OCTOBER 9, 2024

These mistakes compromise our verification accuracy and cause many delays in loan decisions. Unlike traditional template-based OCR systems, these modern solutions are designed to handle sudden spikes in volume without compromising speed or accuracy. We have to double-check our work all the time.

Verification 52

Verification AI Reconciliation Payment APIs and Integration 52

Nanonets

APRIL 29, 2024

Look for features such as role-based access controls, data encryption, and compliance certifications (e.g., SOC 2, GDPR) to safeguard sensitive financial data. From customizable workflows to collaborative tools, Nanonets prioritizes simplicity without compromising functionality.

Reconciliation 52

Reconciliation Payment APIs and Integration Audit Regulatory Compliance 52

Ikajo

NOVEMBER 22, 2023

At the same time, you won’t compromise on the system’s quality, as PayFac as a Service is provided by experienced vendors with professional expertise in FinTech software development. Look into their payment fraud prevention measures, including data encryption, anti-fraud filters, and adherence to PCI DSS.

Facilitators 52

Facilitators Payment APIs and Integration PCI DSS Payments 52

Nanonets

AUGUST 27, 2024

Scalability Your data extraction needs may grow over time, requiring a solution that can handle increasing volumes of data and requests without compromising performance. Integration Capabilities Seamless integration with your existing systems and workflows is crucial for a successful data extraction strategy.

API 95

API Origination Assessments Process 95

EBizCharge

JUNE 3, 2024

Additionally, implementing data encryption for information both in transit and at rest is vital. This can be achieved by using SSL/TLS protocols for data in transit and employing strong encryption standards for data storage.

Process 52

Process Payment APIs and Integration Payments Disputes 52

Nanonets

SEPTEMBER 23, 2023

This not only saves time but also minimizes the risk of data loss. When it comes to security, accounting software offers enhanced measures to protect sensitive financial data. With password-protection, user permissions, and data encryption, businesses can ensure that their financial information remains secure and confidential.

Small Business 52

Small Business Accounts Automation Compliance 52

Fintech News

MARCH 10, 2024

From compromised financial data to stolen identities, a single breach can shatter user trust and cripple business operations. By building mobile apps on a secure cloud foundation, banks can deploy apps without compromising security. However, a challenge presents itself: the ever-evolving threat to mobile app security.

Digital Payments 117

Digital Payments Security Data Encryption Encryption 117

The Payments Association

NOVEMBER 27, 2024

The advanced security capabilities embedded within this solution include data encryption, isolation of customer environments, embedded Hardware Security Modules with the highest security certification, and a versatile governance framework that removes single points of compromise and helps mitigate the risks associated with malicious actors.

Security 88

Security Data Encryption On-Demand Encryption 88

VISTA InfoSec

MAY 5, 2025

Implement security controls Deploy required cybersecurity measures like multi-factor authentication (MFA), data encryption, and segregation of duties. Loss of Client Confidence : Erosion of client trust in data protection. Operational Disruption : Delays, errors, and compromised systems.

SWIFT 130

SWIFT Security Compliance MFA 130