PYMNTS

SEPTEMBER 19, 2016

From the Banner Health data breach in Phoenix , to the Excellus BlueCross BlueShied breach in 2015 leaking data back from 2013 , to the breach of 11 million subscribers of Premera , experts say the concern is vast and not going away. The issue also extends to device disposal practices, which are not up to snuff.

Data Breach 79

Data Breach Breach Cybersecurity Ransomware 79

VISTA InfoSec

JULY 31, 2023

Segregation of Networks: This involves isolating the cardholder data environment (CDE) from the rest of the business’s network. Doing so can help reduce the scope of PCI DSS compliance and minimize the risk of data breaches. Hackers target data in transit, making it important to implement safeguards and encryption measures.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

PYMNTS

JUNE 4, 2018

Furthermore, AIG found that more than a quarter – 26 percent – of cyber claims in 2017 cited ransomware as the primary cause of loss, compared to only 16 percent between 2013 and 2016. The news comes about a year after a major ransomware attack affected more than 200,000 computers in 150 countries across the globe.

Data Breach 43

Data Breach Ransomware Breach Cybersecurity 43

CB Insights

MARCH 27, 2019

Already this year, at least 30 organizations — including coffee chain Dunkin’ and cloud provider Rubrik — experienced major data breaches. Read our future of data security report for more on this topic. ). Cybersecurity is a hot topic today. Most recently, Dow Jones saw over 2.4M The Controversies.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

PYMNTS

MARCH 6, 2017

In 2016, there were 1,093 data breaches according to the Identity Theft Resource Center – a 40% increase over the 2015 data breach number of 781. Bluefin Payment Systems introduced the first PCI-validated Point-to-Point Encryption (P2PE) Solution in North America in March 2014 and was one of only 4 solutions worldwide.

Data Breach 47

Data Breach Third Party Vendors Encryption Identity Theft 47

M2P Fintech

MARCH 24, 2025

Emphasis on Cybersecurity and Data Privacy Digital lending faces rising threats: data breaches from hacking, fraud via synthetic identities, account takeovers exploiting weak security , ransomware disrupting operations, and insider threats. Protecting sensitive data is paramount.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

PYMNTS

JULY 27, 2017

With 64 percent of Americans having experienced some level of a data breach, Pew Center Research confirms these instances result in a lack of public trust for both institutions and social media sites. From Target to Citigroup , Home Depot and Michaels , retail and financial data breaches have been going on for years.

Bitcoin 49

Bitcoin Security Cryptocurrency Data Breach 49

PYMNTS

DECEMBER 7, 2018

It added that the stolen technology has been used so far for ransomware and cryptocurrency mining attacks, with the criminals behind the hack “using the leaked tools to create an even bigger malicious proxy network.”. For instance, an effort to encrypt data will fail if the data collection process is full of holes that hackers can exploit.

Cybersecurity 96

Cybersecurity Payments Privacy Breach 96

PYMNTS

JUNE 2, 2017

In an encrypted message, Shadow Brokers announced the timely delivery of crippling exploits, such as Windows 10 bugs, ransomware, malware and internal info about international nuclear missile programs. Ransomware Exploits Reason for Surge in Insurance Claims. This was the case during two online attacks involving Walt Disney Co.

Ransomware 40

Ransomware Blockchain Compromise Bitcoin 40

Segpay

JUNE 13, 2024

The Travelex ransomware attack. 340,000 people lost personal and financial data. Compliance with Industry Standards Your business should comply with industry bare minimums like Payment Card Industry Data Security Standard (PCI DSS). These guidelines significantly reduce the risk of your business’s vulnerability to data breaches.

Best Practices 40

Best Practices Processors Transactions Security 40

PYMNTS

APRIL 30, 2018

ENISA urges organizations to define the boundaries of their data processing systems and the relevant context. Understanding these parameters can help businesses further understand the impact that a potential security incident — such as a data breach or theft — could bring. The Need for Greater GDPR Compliance.

Rules 47

Rules Authentication Breach Compliance 47

The Fintech Times

DECEMBER 5, 2024

The number of data breaches globally in 2024 has already exceeded 2023 before the year is up, meaning that firms and consumers need to stay vigilant in order to keep data safe, according to Experian , the credit score and comparison firm. Typically, fraudsters are associated with middle-aged criminals.

Data Breach 59

Data Breach Breach Ransomware Deepfake 59

PYMNTS

OCTOBER 17, 2017

They could even inject malicious software (ransomware or malware) into websites, Forbes reported. This one, called ROCA (Return Of the Coppersmith’s Attack), leverages a weakness in the encryption of chips made by the German company Infineon Technologies AG.

Cybersecurity 50

Cybersecurity CHIPS Ransomware Breach 50

Tearsheet

FEBRUARY 8, 2024

Digital currencies are fully traceable, encrypted, and therefore more difficult to steal or counterfeit than physical currencies. Lisa Pollina: The positives include faster payments, resistance to fraud and counterfeiting, and access to digital money for the unbanked and financially disadvantaged.

CBDC 59

CBDC Digital Currency Privacy Federal Reserve 59

VISTA InfoSec

MAY 5, 2025

Implement security controls Deploy required cybersecurity measures like multi-factor authentication (MFA), data encryption, and segregation of duties. Focus on core security measures like multi-factor authentication (MFA), encryption, and access management. Loss of Client Confidence : Erosion of client trust in data protection.

SWIFT 130

SWIFT Security Compliance MFA 130

The Payments Association

MARCH 20, 2025

Phishing attacks, ransomware, and data breaches have become constant threats. The future of operational resilience As financial services continue to evolve, resilience strategies will become increasingly data-driven and automated.

Compliance 88

Compliance Disaster Recovery Regulatory Compliance Risk 88