PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Accurate and reliable data is a critical piece of modernizing the AML regimen,” he said. With digital transactions and eCommerce soaring during the pandemic, the rate of increasingly sophisticated fraud has also risen.

AML 108

AML Money Laundering Compliance Law Enforcement 108

PYMNTS

SEPTEMBER 23, 2020

Such rules determine how different entities can access the data banks hold, Schmidt explained, including standards for private companies and law enforcement agencies. The guidelines for cloud computing cover aspects around jurisdiction and location of data, availability of your services, incident handling and recovery.

Compliance 90

Compliance Law Enforcement Regulations Rules 90

PYMNTS

JULY 13, 2018

She noted that FTC has brought more than 30 actions to enforce the FCRA against consumer reporting agencies, users of consumer reports, and furnishers of information to consumer reporting agencies.

FTC 41

FTC Law Enforcement Federal Trade Commission Procedures 41

PYMNTS

MARCH 6, 2018

The company said all its 167 locations were impacted, Bank Info Security reported. “In In addition to engaging third-party cybersecurity experts to assist with our investigation, RMH also notified law enforcement about the incident and will continue to cooperate in their investigation,” the company said in a statement.

Data Breach 56

Data Breach Breach Point-of-Sale (POS) Law Enforcement 56

PYMNTS

MARCH 22, 2016

But unlike some cases (like the hospital that forked over the bitcoin before consulting law enforcement), in this instance, the city called upon law enforcement for help — scaring off the hackers. And it also compromises another key factor: data security. Success breeds more activity.”.

Ransomware 0

Ransomware Bitcoin Law Enforcement FBI 0

PYMNTS

JUNE 2, 2017

It said, “Given the criminal nature of this attack, Kmart is working closely with federal law enforcement authorities, our banking partners, and IT security firms in this ongoing investigation. We are actively enhancing our defenses in light of this new form of malware.

Breach 40

Breach Law Enforcement Credit Union Credit Cards 40

PYMNTS

DECEMBER 22, 2016

In a data roundup by the publication of the latest analysis of corporate cybersecurity, researchers identified where a security breach is most likely to occur. The majority of these companies said they paid more than $10,000 to hackers that locked corporate systems and held data hostage — a fifth said they paid more than $40,000.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

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

Stax

JANUARY 8, 2024

Several US legislations (like the Patriot Act, anti money laundering laws , or FinCEN regulations) require PayFacs to know the identities of the business owner(s) they plan to facilitate payments for, during the underwriting stage. could result in financial losses, litigations, law enforcement action, and damage to reputation.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

PYMNTS

OCTOBER 30, 2018

“But many times, it’s literally just the shame they would feel in reporting the attack to customers and law enforcement.” ” As a small business lending company, QuickBridge noted that small businesses must have access to working capital to adequately recover from a cyberattack.

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

Clearly Payments

MARCH 4, 2024

CardSystems Solutions Data Breach (2005) In 2005, CardSystems Solutions found itself at the epicenter of a seismic data breach that rippled across the financial sector. The breach exposed the sensitive credit card information of millions, igniting concerns over data security and regulatory oversight.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

JANUARY 17, 2017

In consultation with district and college leadership, outside cybersecurity experts and law enforcement, a payment of $28,000 was made by the district. In 2016, some 19 academic institutions disclosed data security breaches. Francisco C. Rodriguez, the district’s chancellor, said in a statement on Jan.

Bitcoin 43

Bitcoin Ransomware Law Enforcement Cybersecurity 43

PYMNTS

APRIL 2, 2018

HBC today announced that it has become aware of a data security issue involving customer payment card data at certain Saks Fifth Avenue, Saks OFF 5TH, and Lord & Taylor stores in North America,” the company wrote in a statement on Sunday (April 1). Hudson’s Bay has yet to confirm the number of cards involved in the hack.

Breach 43

Breach Law Enforcement Cybersecurity Data Security 43

PYMNTS

JUNE 5, 2019

“There have not been any indications that the data had been accessed by malicious parties, or misused in any way,” said the company, which added that it will notify its users and law enforcement of the incident. This is just the latest data exposure of a dating app.

Database 46

Database Law Enforcement Request for Comment Encryption 46

PYMNTS

JULY 15, 2016

The latest decision overturns an earlier ruling from 2014 against the tech giant that said Microsoft indeed did have to turn over the emails and that the firm had been in contempt of the law. to foster more collaboration in data-sharing efforts. in conjunction with a narcotics case. and the U.K.

Privacy 40

Privacy Law Enforcement Legal Rules 40

PYMNTS

OCTOBER 19, 2018

They are able to use cutting-edge technology, black-market websites and top-level, nimble and well-secured global networks to work their craft. Those fraudsters can learn new techniques and keep a step ahead of companies, regulators, law enforcement and governments. This is only likely to get worse.

Fraud Prevention 75

Fraud Prevention Law Enforcement Crime Best Practices 75

PYMNTS

DECEMBER 13, 2018

As digital payments become more global, and as the global digital economy continues to grow like a child in a growth spurt, that results in a “target-rich environment” for criminals — where confusion over which law enforcement agency can do what plays in favor of those fraudsters. However, it doesn’t have to be that way.

Fraud Prevention 64

Fraud Prevention Issuers Verification Credit Cards 64

PYMNTS

AUGUST 24, 2018

At the Forum’s Centre for Cybersecurity, experts from the business and public sectors, law enforcement and civil society will work towards a society that can withstand these challenges and minimize the damage done by organized digital crime.”.

Cybersecurity 40

Cybersecurity Law Enforcement Blocks Crime 40

PYMNTS

MARCH 25, 2016

You can’t know, if you’re a consumer, what the data security practices are of a company,” McSweeny said. The conversation around San Bernardino, McSweeny said, is at the core about “data ethics.” I like to think of it as data ethics by design,” she said. “So Adapting for the unknown.

FTC 40

FTC Federal Trade Commission Encryption Data Security 40

PYMNTS

JULY 31, 2017

North Korea now cares more about making money than causing disruptions or cyberterrorism,” said Joon Kim, owner of Naru Security Inc., who has advised South Korean law enforcement on cybersecurity issues. Or at least a less frustrating one.

Payment APIs and Integration 40

Payment APIs and Integration Third Party Vendors Data Breach Cybersecurity 40

PYMNTS

OCTOBER 27, 2017

states, although law enforcement officials believe the threats are empty. No student data has been released. 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

PYMNTS

JULY 16, 2020

A successful attack on your system’s servers represents a threat to all of your users’ privacy and data security.”. That data, he noted, can be used by fraudsters to get someone to voluntarily do something they ought not. And the forms these frauds appear in is varied.

Law Enforcement 64

Law Enforcement Data Breach Breach Compromise 64

CB Insights

AUGUST 25, 2017

Better data collaboration between providers could ultimately mean higher probability of accurate diagnoses, higher likelihood of effective treatments, and the overall increased ability of healthcare systems to deliver cost-effective care. Law Enforcement. Startups are innovating to bring these benefits to law enforcement.

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78

PYMNTS

DECEMBER 4, 2019

Coloradans are required to carry physical IDs for now, largely because law enforcement agencies are not yet allowed to accept the app as a form of ID. Castagnaro explained that this is mostly due to liability reasons, and concerns about police accessing personal data during routine interactions with the public.

Privacy 63

Privacy Law Enforcement Addressing Governance 63

PYMNTS

FEBRUARY 9, 2017

She is a pioneer in consumer protection who spearheaded major initiatives regarding consumers’ privacy, data security and financial transactions. Ohlhausen said: “We are grateful to Jessica for her many years of service to the FTC and the public. Many of the FTC’s programs bear her indelible mark. “As

Consumer Protection 40

Consumer Protection FTC Federal Trade Commission Consumer 40

FICO

AUGUST 27, 2018

regulators to develop a system similar to a regulatory sandbox, establishing a national data security and breach notification standard and calling for the rescission of the Bureau of Consumer Financial Protection (BCFP) payday/small dollar lending rule. Below, I highlight a few items in the report that may have gone under the radar.

FinTech 49

FinTech Treasury OCC Federal Trade Commission 49

PYMNTS

JULY 13, 2018

ThreatConnect , which offers what it has termed “extensible, intelligence driven solutions,” released a survey this week, titled “Building a Threat Intelligence Program” that sees progress being made even against a backdrop of increasing data security threats.

Risk 40

Risk Phishing Federal Trade Commission Debit Card 40