The Fintech Times

JULY 25, 2025

This currently breaches core governance duties under the Economic Crime and Corporate Transparency Act (ECCTA), which carries serious penalty risks. Sixty-three per cent of businesses still feel comfortable emailing sensitive information to third parties, and 73 per cent say they trust the recipient to store that data securely.

Due Diligence

EBizCharge

JUNE 12, 2025

Whether handling credit card transactions and mobile payments or ensuring compliance with banking regulations and data security standards, the right merchant account can streamline operations and reduce costs. Level 2 and level 3 processing refers to enhanced transaction data submitted with corporate or purchasing card transactions.

Process

Finovate

JANUARY 24, 2025

The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more. It increases the risk of data breaches, identity theft, and payment fraud.

Regulations

Finextra

JULY 7, 2025

The Security Fortress: Protecting Data in a Vulnerable World At the heart of this reluctance lies a deep-seated concern for data security and privacy. Organizations are acutely aware of the potential for catastrophic data breaches, and the implications are severe.

AI

PYMNTS

DECEMBER 20, 2018

The French Data Protection Authority said Thursday (Dec. 20) that it fined Uber $460,000 over its 2016 data breach that exposed the data on 57 million customers and drivers across the world. Uber paid hackers to hide the breach for about a year before it was disclosed. fined the ride-hailing company $490,760.

Data Breach

PYMNTS

JANUARY 25, 2019

25), the DPC said it was again looking into the social media giant because of another breach notification it received from the company, according to a report from Reuters. The DPC has this week opened a new statutory inquiry into the latest data breach it received from Twitter on 8 January, 2019,” the Commission said on its website.

Data Breach

PYMNTS

DECEMBER 31, 2018

So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Even more disturbing, perhaps, is that 68 percent of those breaches took months for the breached companies to discover. According to early reports, the data breach impacted 0.5

Data Breach

PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Health care entities and government agencies, too, are at risk for their data security.

Data Security

PYMNTS

APRIL 26, 2018

is only weeks away from bringing its Global Data Protection Regulation (GDPR) rules into effect, and corporates are ill-prepared for the data security requirements, according to new research. businesses is the data breach notification requirement. “In One of the areas of GDPR posing the greatest challenge to U.K.

Data Breach

PYMNTS

MARCH 18, 2019

Reports in Business News Daily on Friday (March 15), co-authored by Assistant Professors of Finance Dr. Daniele Bianchi and Dr. Onur Tosun, found that data breaches at large organizations may cause financial losses at those companies, but they eventually lead to greater investments in their CEOs.

Data Breach

The Fintech Times

FEBRUARY 5, 2024

Organisations’ attack surfaces are defined by the size and scope of their data environments. However, 74 per cent of respondents said their data security risk has now increased faster than the growth in the data they manage. Additionally, 46 per cent had not tested their processes or solutions in over 12 months. .

Ransomware

PYMNTS

APRIL 24, 2020

As local- and state-level government entities continue to run, it’s not business as usual for the public sector — particularly in the way these entities make and receive payments. As a result, it’s placing greater pressure on government entities to digitize payment acceptance capabilities. Business-To-Government Payments.

ACH

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

VISTA InfoSec

JULY 5, 2023

Data security has become an essential aspect of our lives and is more crucial than ever before. In the healthcare industry, organizations are entrusted with a plethora of sensitive information, including PHI, PII, and financial data. What is data security in healthcare? million between May 2020 and March 2021.

PCI DSS

Fintech Finance

SEPTEMBER 18, 2024

It is also notoriously difficult to achieve the ISO 27001 certification, as the process requires rigorous assessments and audits of Tribe’s information security management systems and data security safeguards, which were undertaken by world-leading testing and certification provider Bureau Veritas.

ISOs

PYMNTS

FEBRUARY 15, 2018

In the wake of breaches that have compromised the data of millions of Americans and companies as far-flung as Equifax and Uber, industry observers and participants told a House subcommittee on Wednesday that data security should be standardized at a national level.

Data Security

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

PYMNTS

AUGUST 21, 2018

When it comes to the bond between consumer and financial services, no doubt the relationship is a bit, well, frayed in the age of data breaches and the Dark Web. Data Point Four: 12 Percent. Thus, the salve, Pointner offered: A combination of biometrics and government-issued IDs.

Data Breach

PYMNTS

DECEMBER 8, 2017

An expression popularized during Watergate has managed to gain new relevance in the era of data breaches and executives that may try to hide them from the customers (and regulators) they serve. The massive data breach was discovered by Equifax on July 29th, but the company didn’t reveal the hack until 41 days later.

Data Security

VISTA InfoSec

APRIL 12, 2024

Businesses deploy proxy servers to monitor and regulate their employees’ internet usage, ensuring data security and blocking access to harmful sites. Proxies also provide a pathway to unrestricted internet access, whether for bypassing government censorship, accessing geo-blocked content, or circumventing corporate firewalls.

Cybersecurity

CB Insights

MARCH 27, 2019

Already this year, at least 30 organizations — including coffee chain Dunkin’ and cloud provider Rubrik — experienced major data breaches. identity records, including those of politicians and government officials, leak across the internet. Read our future of data security report for more on this topic. ).

Cybersecurity

FICO

JANUARY 6, 2019

Government Predictions 2019: Now that we have completed the 2018 election season, people are asking what is in store for 2019. Government will carefully scrutinize any new spending, and will be looking for proverbial “singles”, rather than “home runs”. Continued Pension Challenges Drives Government HR Policies.

Governance

The Fintech Times

JANUARY 19, 2024

ChatGPT risks data breaches Greg Hanson, GVP EMEA at Informatica OpenAI’s ChatGPT has been largely adopted by firms across the globe and according to Greg Hanson , GVP EMEA at Informatica, enterprise cloud data management, this won’t slow down in 2024. “In AI cannot evolve without big data and machine learning.

Regulations

Segpay

DECEMBER 13, 2024

The Rising Importance of Data Privacy Regulation The implementation of GDPR in the European Union (2018) and CCPA in California (2020) marked an important shift in global data privacy standards. Invest in Advanced Data Security: Identity data should be stored securely, employing measures such as encryption, hashing, and tokenization.

Privacy

VISTA InfoSec

JANUARY 22, 2024

While the previous two requirements focused on network and access control, Requirement 3 tackles the crucial issue of securing sensitive cardholder information once it’s captured and stored. It boils down to minimizing the risk of data breaches and maximizing the security of cardholder information. PCI DSS v3.2.1

PCI DSS

PYMNTS

JANUARY 2, 2019

A report in the Wall Street Journal , citing analysts, reported that legislative response to the massive Equifax data breach of 2017 is at the top of the agenda for 2019. The Equifax data breach response is far from over,” Jaret Seiberg, an analyst for Cowen Washington Research Group, told the Wall Street Journal.

Data Breach

PYMNTS

FEBRUARY 28, 2020

Failing to prevent a data breach is a surefire way to lose that trust, however. Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. Data Breaches Within And Without. CUs’ Tools To Secure Member Privacy .

Credit Union

VISTA InfoSec

JULY 31, 2023

The PCI DSS Checklist is a crucial first step in securing your business. It’s a tool that helps businesses ensure they’re meeting all the requirements of the Payment Card Industry Data Security Standard (PCI DSS). Doing so can help reduce the scope of PCI DSS compliance and minimize the risk of data breaches.

PCI DSS

PYMNTS

AUGUST 16, 2019

Security continues to be a top IoT concern, however: Mounting data breaches and newly discovered device vulnerabilities have prompted wariness around IoT adoption. This month’s Intelligence of Things (IoT) Tracker details how these concerns are driving providers to develop new security approaches.

Security

PYMNTS

AUGUST 7, 2019

Even if one tried, it would be hard to ignore the near-constant reports of data breaches. Based on the flurry of consumers scrambling to get their $125 settlement from Equifax , data security is an issue with far-reaching consequences. Conventional methods like knowledge-based verification have come under fire recently.

Authentication

PYMNTS

DECEMBER 4, 2018

We must give credit to the criminals who engineered the recently disclosed data breach that could end up impacting some 500 million guests of Marriott International. So, if consumers haven’t been scared straight, and no one can reasonably argue that news of the Equifax breach was swept under the rug, where does that leave us?

Breach

Stax

SEPTEMBER 17, 2024

While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. What is PCI Compliance?

Credit Cards

Fintech News

FEBRUARY 8, 2024

The Monetary Authority of Singapore’s (MAS) Cyber Security Advisory Panel (CSAP) has specifically raised awareness about the benefits and risks of adopting GenAI in the financial sector. The government recognises the rising number of cyberattacks and is collaborating with the broader industry to raise awareness.

APACS

PYMNTS

AUGUST 6, 2019

With that shift, governments such as the U.K.’s But while governments and private entities focus their efforts on use of digital ID, hackers and fraudsters are continuing to wreak havoc. But while governments and private entities focus their efforts on use of digital ID, hackers and fraudsters are continuing to wreak havoc.

Verification

Segpay

NOVEMBER 20, 2024

As these technologies continue to evolve, they not only enhance security but also improve user experience. Privacy and Security Concerns: Balancing Protection with Usability While biometric technologies have a lot of advantages, they also raise concerns about privacy and data security.

Security

PYMNTS

DECEMBER 23, 2019

Cyberattacks have become a critical issue for companies of all sizes and a threat to privacy and data security. Data breaches and ransomware attacks jeopardize customers’ records and trust.

Cybersecurity

PYMNTS

SEPTEMBER 26, 2016

The driving force behind the growth in non-cash payments, according to Capgemini, is due in part to strong economic growth in key developing countries, as well as increased security measures and government initiatives to engender electronic payments in certain markets.

Payments