Cards Maryland Security Technology 
PYMNTS
JANUARY 9, 2019
The Maryland Attorney General Brian Frosh announced Tuesday (Jan. 8) that his office, as well as 42 other state attorney generals, have settled with Neiman Marcus over a 2013 breach of customer payment card data at 77 of the retailer’s stores. In a press release , the Maryland AG said Neiman Marcus agreed to pay $1.5
FICO
FEBRUARY 16, 2023
For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.
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PYMNTS
NOVEMBER 26, 2019
Synchrony Financial said a message was erroneously sent to customers about an Amazon.com card and that a data breach had not occurred, according to a report by Reuters. Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. On Monday (Nov.
Independent Banker
FEBRUARY 24, 2016
Tokenization returns to card-security spotlight after smart chips. Now that many community banks have issued credit and debit cards with anti-skimming smart chips, the industry is returning to an earlier focus on another card security measure: tokenization. By Elizabeth Judd and Tim Cook.
PYMNTS
FEBRUARY 20, 2020
The hotel said the data breach didn’t involve any password, financial or payment card information, and that all the guests who were affected were notified of the incident. A technology website called ZDNet originally reported the data breach and passed along the 10.6 million number.
PYMNTS
AUGUST 19, 2019
Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. Kimberly Sponaugle, was charged by the U.S.
PYMNTS
FEBRUARY 27, 2019
Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . A reported 3.6 billion people worldwide will carry digital IDs with embedded biometrics by 2021.
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