PYMNTS

JANUARY 10, 2021

The hackers breached security at "a third-party file-sharing service," the central bank stated in a news release. Adrian Orr said in a prepared statement: "We are working closely with domestic and international cyber security experts and other relevant authorities as part of our investigation and response to this malicious attack.

Cyber Security 202

Cyber Security Security System Operations 202

PYMNTS

AUGUST 17, 2020

As a result of the breach, the CRA said more than 11,000 of 12 million personal accounts were compromised, including online portals accessing tax payer data and COVID-19 relief programs. They were effective because Canadians reused old passwords on government of Canada systems, the accounts that used unique, strong passwords remain secure.”.

Cyber Security 163

Cyber Security Taxes Survey New York 163

PYMNTS

MAY 9, 2016

government’s Cyber Governance Health Check, which offered up the Cyber Security Breaches survey. Minister of Digital Economy Ed Vaizey stated that it was “absolutely crucial businesses are secure and can protect data … Too many firms are losing money, data and consumer confidence with the vast number of cyberattacks.”

Cyber Security 100

Cyber Security Survey Security National 100

PYMNTS

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. As many as 70 percent of attacks set their sights on small businesses, said the data. ” The Larger Trends.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

JANUARY 9, 2020

The hacker gang Sodinokibi , also known as REvil, reportedly demanded $6 million in return for encrypted customer data. Travelex said it had contained the ransomware and investigations show that customer data was not compromised. “We But you will lose your time and your data, cause just we have the private key.

Cyber Security 131

Cyber Security Groups System Data 131

PYMNTS

DECEMBER 2, 2019

29, requesting tech companies who can build a “proof of concept” shared KYC system that would allow commercial banks and the central government to share and update customer data on a blockchain. The bank made the announcement on its website on Nov.

blockchain 132

blockchain System Cyber Security Technology 132

PYMNTS

MAY 15, 2017

As has been widely reported, a massive attack hit everything from the United Kingdom’s National Health Service, European automakers and Chinese firms and any number of companies across other verticals, winnowing its way through disparate countries into Saturday. Action Fraud, the U.K.’s Similarly FedEx Corp., Hospitals in the U.K.

Cyber Security 101

Cyber Security National Security System 101

PYMNTS

JANUARY 7, 2020

s National Cyber Security Centre (NCSC) and regulators with the Financial Conduct Authority were already looking into the cyberattack, with the NCSC saying it would work closely with law enforcement. Discovered on New Year’s Eve, the cyberattack is now the focus of a criminal investigation, led by the Metropolitan Police.

Cyber Security 130

Cyber Security Online Retail National 130

PYMNTS

FEBRUARY 6, 2019

IBM said at the time there was no evidence that the hackers stole sensitive customer data while Hewlett Packard Enterprise declined to comment on the report. Chichester said that with companies hardening their defenses for cyber attacks, the hackers are turning to suppliers to get into corporate networks.

Software 123

Software Company Cyber Security Security 123

Tech and Finance

DECEMBER 30, 2018

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.”. million fraud complaints in the United States last year.

Fraud 31

Fraud Company Cyber Security United States 31

PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. Australia and the Philippines are launching inquiries into how Uber handled the data breach. 22), regulators in the U.K., s capital.

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

PYMNTS

NOVEMBER 2, 2016

is a particular target for data breaches that involve compromised employee account data. government plans to work with industry partners, such as Bath-based Netcraft — an outfit that specializes in internet security services and counts clients that include Microsoft, BT, Cisco and Intel. Two years ago, the UK suffered from 2.5

Cyber Security 100

Cyber Security social media Security Survey 100

PYMNTS

MARCH 17, 2017

In the case of Statistics Canada, the good news is that the agency was able to thwart the intrusion before any data went out the door. Cyber Ransoms (Still) On The Rise. This threat to the exposure or theft of personal data drives many victims to pay up the ransoms demanded by cybercriminals.

Cyber Security 100

Cyber Security National Security Software 100

American Banker

NOVEMBER 29, 2023

While ransomware group Alphv/Blackcat claims to have orchestrated the incident, title insurance company Fidelity National Financial has not yet stated whether confidential data was compromised.

National 28

National Groups Data Company 28

Banking 2020

NOVEMBER 8, 2015

In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016. This change is aimed at promoting innovation and low cost electronic payment solutions while ensuring that security and data protection are not compromised,” said the European Payments Council.

Cyber Security 40

Cyber Security Payments Security Regulation 40

PYMNTS

OCTOBER 20, 2016

million debit cards in India will either have their security codes changed or their cards swapped out wholesale due to concerns that the data may have been breached in one of the nation’s biggest security incidents ever. As many as 3.25 million cards, the majority are on the Visa or Mastercard platform — 2.65

Cards 100

Cards ATM Security National 100

FICO

DECEMBER 21, 2018

It’s an understatement to say that 2018 was a year of blockbuster data breaches : Facebook, Marriott, Ticketmaster and British Airways, to name just a few. Here are three ways they’ll work to cure their cyber insecurity. Last year I predicted there would be huge uptake in cyber risk assessment tools like the FICO® Cyber Risk Score.

Cyber Security 40

Cyber Security Comparison Policies Data 40

American Banker

AUGUST 11, 2016

Banks have gotten better at detecting digital banking fraud, but the process of closing and reopening accounts is still a mess — and that is what could send more customers packing.

Fraud 28

Fraud Online Digital Banking Cyber Security 28

American Banker

NOVEMBER 17, 2016

Behavioral biometrics has already stopped several million dollars worth of online banking fraud at National Westminster Bank in London.

Fraud 28

Fraud National Online Cyber Security 28

PYMNTS

MAY 8, 2017

House Committee passed proposed legislation last week that would require the National Institute of Standards and Technology (NIST) to create cybersecurity guidelines developed specifically for SMEs. Still, there are plenty of data points that show how damaging a cyberattack can be on a small business. 60 percent of U.S.

Data 101

Data US Guidelines Cyber Security 101

NCR

MAY 3, 2016

For those in the banking industry fighting on the front lines of the escalating cyber war, this isn’t news. But as attacks continue to become more targeted and sophisticated, IT teams are struggling against a range of agents, from common hackers to nation-states, to keep their networks and their vaults secure. The Turning Point.

Policies 40

Policies Security ATM System 40

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). In September, the consumer credit agency Equifax reported that the personal information of roughly 143 million Americans was compromised in a data breach of epic proportions.

Exercises 119

Exercises Resources Industry Cyber Security 119

FICO

JULY 28, 2020

A 2019 Allianz survey of risk management experts across 86 countries ranked cyber incidents as the biggest single point of risk for an organization, thus highlighting the need for an effective insurance policy to transfer risk from potentially damaging effects of a cyber-attack.

Marketing 69

Marketing Cyber Security Policies Comparison 69

American Banker

JANUARY 2, 2017

Artificial intelligence is moving from science fiction to practical reality fast, and it's in banks' best interest to gear up now for the changes ahead. Here are some strategies to consider.

Strategy 56

Strategy Cyber Security System Analytics 56

American Banker

MAY 16, 2016

Huntington Bancshares is the latest institution to add a cybersecurity expert to its board, highlighting the growing importance of guarding against hackers and other online dangers.

Online 34

Online Cyber Security Community Bank Regional 34

American Banker

JUNE 1, 2016

The drumbeat of news about hackers stealing millions of dollars by gaming the Swift interbank messaging system should have been a wake-up call for banking executives, but it's unclear how many of them answered it. Is it too late for them to shore up their defenses?

System 28

System Cyber Security Regional National 28

Fintech Labs Insights

OCTOBER 3, 2016

Earned a spot on the Big Data 50. Teamed up with Harman to safeguard IoT data. Partnered with Trend Micro to bring better data encryption and authentication technology to businesses. Inked multi-year data aggregation deal with USAA. Quoted in eWeek on the problem of app security. Released version 3.8 in one year.

San Francisco 18

San Francisco Taxes Lending Colorado 18

Gonzobanker

DECEMBER 22, 2015

Chief digital officers were named to kick banks in the tail on growing business more through the digital channel, and chief data officers were appointed to begin using infinobytes of bank data more strategically. FFIEC’s Cyber Security Self-Assessment Tool. Click to enlarge. ‘It It Must Be Something in the Water’ Award.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

NOVEMBER 11, 2016

Many are hoping Trump will do a better job safeguarding our nation from cybersecurity threats than his own hotel chain has fared over the years. First, the bank’s fraud system detected suspicious activity , which led to thousands of customer cards being blocked from usage. Just days later, the fraud scare actually became reality.

Las Vegas 173

Las Vegas Fraud Honolulu Cards 173

PYMNTS

AUGUST 6, 2018

Democratic National Committee and stole more than 20 million personnel records from the United States Office of Personnel Management. Although Iswaran would not specify which state he thinks is behind the attack, he did say that other advanced persistent threat groups include the hackers that breached the U.S. The personal information of 1.5

Cyber Security 100

Cyber Security United States Groups National 100

FICO

JANUARY 5, 2023

The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today.

Policies 52

Policies Company Regulation Risk Management 52