Finextra

MARCH 4, 2024

American Express is writing to customers warning them that their account information may have been compromised in a data breach at a third party service provider.

Data Breach 119

Data Breach Breach Third-Party Service Provider Compromise 119

Bank Automation

FEBRUARY 16, 2024

Bank of America is working to control the fallout following an October data breach at third-party vendor Infosys McCamish Solutions.

Data Breach 121

Data Breach Third Party Vendors Breach Product 121

VISTA InfoSec

JULY 1, 2024

AMD) announced that it has launched a probe of a data breach carried out by a cybercriminal group called Intelbroker that led to several private documents and information being stolen which occurred early this month. American chip giant Advanced Micro Devices, Inc.

CHIPS 257

CHIPS Cybersecurity Data Breach Breach 257

Bank Automation

SEPTEMBER 16, 2024

Ally Financial faces two class action lawsuits in the wake of a data breach earlier this year. 7, are suing Ally Financial subsidiary Detroit-based Ally Bank for: […] The post Ally faces legal battle after data breach appeared first on Bank Automation News.

Data Breach 81

Data Breach Breach Legal Automation 81

Bank Automation

MAY 20, 2024

The Securities Exchange Commission is setting stricter guidelines on how financial institutions deal with data breaches as cyberattacks climb. The federal watchdog is looking to implement […]

Data Breach 80

Data Breach Breach Regulations Privacy 80

Fintech News

NOVEMBER 10, 2024

Ransomware and data breaches gain in sophistication Although ransomware and data breaches decreased in H1 2024, these threats continue to pose significant challenges. However, the overall number of individual ransomware and data breach incidents tracked by Visa PFD decreased by 12.3%

Ransomware 115

Ransomware Data Breach Scams AI 115

PYMNTS

NOVEMBER 3, 2020

One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. Folksam said it had accidentally allowed big tech companies to access customers’ private data, Bloomberg reported.

Data Breach 102

Data Breach Breach Cybersecurity NOV 102

TechCrunch Fintech

NOVEMBER 20, 2024

An incident disclosure shared with Finastra's banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved. For personal use only.

Data Breach 118

Data Breach Breach FinTech Cybersecurity 118

Payments Dive

SEPTEMBER 26, 2023

The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.

Breach 140

Breach Data Breach Visa 140

Payments Source

DECEMBER 10, 2020

It's important that breach mitigation strategies take younger people, gaming and school into account, says ForgeRock's Ben Goodman.

Breach 124

Breach Data Breach Risk Mitigation 124

VISTA InfoSec

MARCH 28, 2024

In the digital age, protecting customer data is a cornerstone of trust and reliability between a company and its consumers. As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. You should also regularly review stored data and purge what is no longer needed.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

The Paypers

OCTOBER 29, 2024

Transak , a firm providing crypto on-ramp services, has recently reported a data breach impacting over 92,000 users due to a phishing incident.

Data Breach 74

Data Breach Phishing Breach 74

Payments Source

JUNE 9, 2019

Financial institutions have different levels of breach protection than health care, heightening the risk, according to Brad Keller, senior vice president and program director at Shared Assessments.

Breach 122

Breach Data Breach Assessments Risk 122

Finextra

MAY 14, 2024

Banco Santander has reported a data breach at a third party provider that exposed client and employee data.

Data Breach 75

Data Breach Breach 75

Finextra

NOVEMBER 21, 2024

Fintech firm Finastra has shared further detail on the investigation process following a data breach that occurred earlier this month.

Data Breach 64

Data Breach Breach Process FinTech 64

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. Italian bank Monte dei Paschi was the victim of a hacking attempt, according to a notice seen by reporters recently, Reuters reported.

Data Breach 122

Data Breach Breach Identity Theft Law Enforcement 122

Fintech Finance

MARCH 11, 2025

In fact, 63% of travelers are reluctant to store their payment details with travel companies due to concerns over fraud, data privacy, and unauthorized charges. A third of respondents said they do not trust travel companies to keep their payments data secure at all, fearing details would be lost during a data breach.

Payment Security 96

Payment Security Security Data Breach Authentication 96

Fintech News

NOVEMBER 24, 2024

Finastra, a major financial software provider that serves many of the world’s leading banks, is grappling with a data breach. 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.

Breach 114

Breach Compromise Data Breach Credential 114

VISTA InfoSec

JUNE 26, 2024

In addition, there’s a need for information security measures to protect the integrity and privacy of data and operational security. Data breaches not only result in immediate financial losses but can also have long-term effects, such as loss of customer trust, brand damage , and a decline in market share.

Cybersecurity 260

Cybersecurity Due Diligence Security Breach 260

Payments Dive

JANUARY 20, 2023

Impacted customers were notified of the incident nearly a month after it was discovered. It’s unclear where or how customer account credentials were obtained.

Data Breach 78

Data Breach Breach PayPal Credential 78

VISTA InfoSec

JUNE 18, 2024

As cyber threats evolve, safeguarding your organization’s data has become an utmost priority. Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching.

Data Security 266

Data Security Security Encryption Cybersecurity 266

Fintech Finance

MAY 13, 2025

Sensitive card information is tokenized and not stored in the merchant’s database, thereby reducing the risk of data breaches, and the network token is used to identify the customer for secure payment. In addition to reducing the risk of data breaches, tokenization offers increased convenience to customers.

Payment Security 59

Payment Security Security Data Breach Breach 59

Finextra

OCTOBER 30, 2024

Weeks after it suffered a major cyberattack, MoneyGram has replaced CEO Alex Holmes with Walmart executive Anthony Soohoo.

Data Breach 75

Data Breach Breach 75

Bank Automation

FEBRUARY 15, 2024

Financial institutions prioritize investment in cybersecurity technology but no matter how much they spend for protection, their systems and data remain vulnerable. “You could never say any organization is 100% secure and they’ll never be hacked,” Ray Kelly, fellow at cybersecurity company Synopsys Software Integrity Group, told Bank Automation News, (..)

Data Breach 84

Data Breach Breach Security Cybersecurity 84

Payments Source

AUGUST 26, 2019

Not only does it illustrate the willingness of regulators to impose massive fines for massive data breaches, it also reminds us that this situation could be just the tip of a financial iceberg, says White Hat Security's Mark Rogan.

Regulations 125

Regulations Data Breach Breach Security 125

Payments Source

OCTOBER 30, 2020

Mastercard has rolled out a set of AI-powered tools to thwart fraud and data breaches across banks' ecosystems, particularly to benefit acquirers’ online merchants.

Visa 137

Visa AI Data Breach Security 137

The Fintech Times

JULY 30, 2024

The cost of data breaches has been on a steady incline for the past decade. However, evidence from IBM , a multinational tech firm, suggests that in the next 10 years, breaches could cost a lot more as we just experienced the highest year-on-year jump in cyber attacks (10 per cent).

Data Breach 59

Data Breach Breach AI Law Enforcement 59

Fintech Finance

DECEMBER 6, 2024

The Mastercard Payment Passkey Service leverages Mastercards tokenization technology, which replaces the primacy account number (PAN) with a token, to ensure that no card data is shared with third parties and is useless to fraudsters and scammers in the case of a data breach.

Visa 98

Visa Authentication Scams Payments 98

Finextra

MARCH 23, 2025

A US appeals court has overruled the sentence given to the hacker behind the huge 2019 Capital One data breach, saying it was too lenient.

Data Breach 120

Data Breach Rules Breach 120

VISTA InfoSec

MAY 24, 2024

Understanding PCI DSS Developed by the Payment Card Industry Security Standards Council (PCI SSC), it is mandatory for all businesses to be PCI compliant to protect cardholders, companies, the Merchants and Service Providers they do business with from data breaches, fraud, and unauthorized access.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

PYMNTS

JUNE 24, 2020

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. Data breaches have not slowed during the pandemic. The company introduced new measures for privacy in response, letting users hide their phone number from everyone.

Breach 115

Breach Data Breach Law Enforcement Database 115

Finextra

DECEMBER 4, 2024

Experian’s 12th annual Data Breach Industry Forecast includes five 2025 predictions for 2025 that show that global data breaches show no signs of slowing down.

Data Breach 111

Data Breach Breach AI 111

Fi911

MAY 14, 2025

Data protection is a top priority in banking and payment systems, where sensitive information such as cardholder details and personal data are frequently exchanged. The rapid rise in cybercrime and data breaches makes robust security frameworks indispensable for financial institutions.

Encryption 73

Encryption PCI DSS Online and Mobile Banking Database 73

Finextra

DECEMBER 12, 2024

In today's digital landscape, where data breaches and cyber threats are increasingly prevalent, ensu.

ISOs 105

ISOs Data Breach Breach Security 105

Fintech News

MAY 27, 2024

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

APACS 114

APACS Data Breach FinTech Fraud Prevention 114

VISTA InfoSec

JULY 19, 2024

This might lead to serious data breaches , such as exposing customers’ information across financial, government, or healthcare facilities. Network vulnerabilities: Unsecure PCBs will potentially fail to protect network security appliances.

Cybersecurity 264

Cybersecurity Encryption Fraud Detection CHIPS 264

The Payments Association

MAY 16, 2025

Payment orchestration platforms incorporate advanced tokenisation, replacing sensitive cardholder data with non-sensitive tokens. These tokens are useless if intercepted, significantly mitigating the risk of data breaches.

Transactions 88

Transactions PCI DSS Payments Settlement 88