The Payments Association

NOVEMBER 12, 2024

Lower Maintenance Burden: Vendor handles updates, bug fixes, and compliance changes. Vendor Dependence: Reliance on a third party for critical functions and data security. Data Privacy Concerns: Sharing sensitive data with vendors may introduce privacy and compliance risks.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

PYMNTS

FEBRUARY 28, 2019

which suffered a data breach last year as the result of a cybersecurity incident at a third-party vendor. T-Mobile ‘s breach in 2015 that compromised the data of 15 million customers was the result of a third-party security lapse, too. Such cases have been reported at Ticketmaster U.K.

Risk 65

Risk Data Breach Third Party Vendors Cybersecurity 65

PYMNTS

MAY 2, 2019

The findings are troubling: 44 percent of survey respondents said their companies had experienced “a significant, business-altering data breach caused by a vendor.” ” That’s despite the majority (60 percent) of companies surveyed having a third-party policy around data security.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

NOVEMBER 15, 2016

Doing so can help a company set controls within the organization as to who can have access to data, conduct background checks on employees and develop company policies for data security. Some are quite technical — like implementing antivirus software or encrypting data — and may require assistance from third-party vendors.

Security 76

Security Cybersecurity Small Business Third Party Vendors 76

PYMNTS

OCTOBER 25, 2018

The data, which was processed from 2007 through 2014, was accessible to developers of third-party vendors without the Facebook users providing consent. Information Commissioner Elizabeth Denham confirmed the action with CNBC, saying that Facebook failed to keep the personal information of its users secure.

Third Party Vendors 53

Third Party Vendors Privacy Breach Agreements 53

PYMNTS

MAY 15, 2017

The challenge thus has become one where cybersecurity is not just centered on what must be done internally to protect a company and its customers, said Woodbury, but also to determine how third-party interaction with data is regulated. .

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Third Party Vendors 43

PYMNTS

JULY 31, 2017

We have a huge responsibility and fell short of our ideals for managing and providing oversight of the third-party vendor and our own operations,” Franklin R. Or at least a less frustrating one. Codel, head of consumer lending at Wells Fargo, said in an interview. “We

Payment APIs and Integration 40

Payment APIs and Integration Third Party Vendors Cybersecurity Data Breach 40