Articles with tag: breach

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Home Depot reaches USD 17.5 mln settlement of 2014 breach lawsuit

News | Digital Identity, Security & Online Fraud | 27 Nov 2020

The Home Depot has reached a USD 17.5 million settlement of a multistate lawsuit stemming from a 2014 data breach that compromised the payment card data of 40 million customers.

Home Depot, retail, data breach, security, online fraud

Goodbye passwords, passwordless authentication is here to stay

Voice of the Industry | Digital Identity, Security & Online Fraud | 19 Oct 2020

By 2022, Gartner predicts that 60% of large and global enterprises, along with 90% of mid-size enterprises, will implement passwordless authentication methods in over 50% of use cases, up from 5% in 2018, Srividya Sunderamurthy from Vesta debates.

Srividya Sunderamurthy, Vesta, AML, account takeover, ecommerce, fraud, PII, phishing, credential stuffing, data breaches, merchants, authentication

EBA aims to revise Guidelines on major incident reporting under PSD2

News | Ecommerce | 15 Oct 2020

The European Banking Authority (EBA) has launched a public consultation that proposes revising the Guidelines on major incident reporting under the Payment Service Directive (PSD2).

European Banking Authority, EBA, PSD2, PSP, reporting, security breaches, payments, reporting, fraud prevention, Europe, merchants

Commerce platform Shopify confirms data breach

News | Ecommerce | 24 Sep 2020

Shopify has confirmed a data breach, in which two 'rogue members' of its support team were engaged in a scheme to steal customer data from at least 100 merchants.

Shopify, commerce platform, data breach, merchants, card numbers

Konsentus completes funding series to secure the Open Banking environment for FIs

News | Payments General | 17 Sep 2020

Konsentus, a provider of Regulatory Technology (regtech) solutions for Open Banking, has completed pre-series A funding round led by Conviction Investment Partners.

Konsentus, regtech, open banking, funding, banks, open APIs, data breaches, online security

Hackers breach ecommerce stores operated by Warner Music Group

News | Digital Identity, Security & Online Fraud | 07 Sep 2020

Warner Music Group (WMG) has disclosed a data breach affecting customers' personal and financial information after several of its US-based ecommerce stores were hacked.

Warner Music Group, data breach, US, ecommerce, Magecart, hack, hackers, fraudulent activity, shopping cart, online store, card details, PayPal

LoginID, Ipsidy partner to combine FIDO2 Strong Authentication with biometric identity verification

News | Digital Identity, Security & Online Fraud | 04 Sep 2020

LoginID and Ipsidy have partnered to provide new tools in the fight against fraud in online activities.  

LoginID, Ipsidy, fraud, biometric identity verification, LoginID FIDO, FIDO2 authentication, Verizon Data Breach Investigations Report, FIDO Security Keys, cryptographic security, liveness confirmation

Paytm Mall reportedly suffers data breach

News | Digital Identity, Security & Online Fraud | 31 Aug 2020

US-based cyber risk intelligence platform Cyble has claimed that ecommerce platform Paytm Mall suffered a massive data breach on 30 August 2020.

Cyble, Paytm Mall, cyber risk, ecommerce, data breach, cyber crime, Adminer, ransom, grey-hat, cyber security

Experian hand over personal details in data breach

News | Digital Identity, Security & Online Fraud | 24 Aug 2020

Dalily Maverick has revealed that credit bureau Experian handed over personal details of as many as 24-million consumers and nearly 800,000 businesses to a suspected fraudster. 

Experian, data breach, fraud, fraudsters, hack, credit information, personal details, financial information

Over 5.3 million passwords exposed on the dark web in three months

News | Digital Identity, Security & Online Fraud | 14 Aug 2020

UK-based fintech ClearScore has discovered over 5.3 million passwords on the dark web in just three months. 

ClearScore, fintech, UK, United Kingdom, password, dark web, dark web fraud, fraud protection, fraud, data breach, security breach

Capital One to pay USD 80 mln fine over 2019 data breach

News | Digital Identity, Security & Online Fraud | 07 Aug 2020

Capital One Financial must pay an USD 80 million fine over issues related to a data breach in 2019 that exposed more than 106 million records of customers and credit card applicants.

Capital One Financial, data breach, fine, security, US, fraud prevention, OCC, banking, customer data

TEMPTU notifies customers of data security incident

News | Digital Identity, Security & Online Fraud | 30 Jul 2020

Cosmetic company TEMPTU has reported that after changing its payment software, it discovered that it had suffered a data security incident on a previous software platform.

TEMPTU, data breach, security incident, unauthorised parties, payment card information, cybersecurity, cards, criminal activity, card issuer, identity protection

Challenger bank Dave affected by data breach

News | Digital Identity, Security & Online Fraud | 28 Jul 2020

US-based challenger bank Dave has confirmed that it was the victim of a data breach that impacted up to 7.5 million customers.

Dave, challenger bank, US, United States, data breach, Waydev, TPP, bcrypt, GitHub Oath token, FBI, Crowdstrike

Instacart blames reused passwords for a recent series of data breaches

News | Digital Identity, Security & Online Fraud | 27 Jul 2020

US-based grocery delivery and pick-up service company Instacart has stated that the reused passwords are to blame for a recent series of data breaches. 

Instacart, US, reused passwords, data breaches, dark web, third-parties, two-factor authentication, 2FA, Google

SEON exposes the cybercrime problem the UK is currently facing

News | Digital Identity, Security & Online Fraud | 30 Jun 2020

SEON has announced insight into the scale of the cybercrime problem UK SMEs face, estimating that there may be 6,500 preventable cybercrimes committed against UK SMEs every day. 

fraud fight, SEON, cybercrime, UK, US, SME, cybercriminals, fraud, hackers, ATO, phishing, merchants, data breaches, bot attacks, ID theft, synthetic ID fraud, PSD2, Open Banking, APAC

Brussels to investigate German regulator over Wirecard

News | Payments General | 26 Jun 2020

Brussels has announced it will call for a probe into whether Germany-based banking regulator BaFin failed in its supervision of Wirecard.

Brussels, Germany, Wirecard, BaFin, investor trust, Europe, EU, Valdis Dombrovskis, breach of union law, European Securities and Markets Authority, shares

Magecart attackers compromised Claire's, Intersport web shops

News | Digital Identity, Security & Online Fraud | 18 Jun 2020

Magecart attackers have hit web shops belonging to retail chains Claire’s and Intersport, and equipped them with payment card skimmers.

Claire’s, Intersport, magecart, card skimmers, online stores, ecommerce, Sansec, cyberattack, ESET, online card payments, payment card information, WSPay, payment platform, malicious code, COVID-19, breach, data theft

Breach Clarity reveals data breaches with great risk of COVID-19 scams

News | Digital Identity, Security & Online Fraud | 02 Jun 2020

Amid predictions that the pandemic will generate a wave of financial and identity crime, Breach Clarity has released an analysis of recent data breaches, which identifies risks for COVID-19 scams. 

data breaches, risk, COVID-19, scams, financial crime, identity crime, Breach Clarity, risk rating, credentials, security, personal data, credit card, debit card, phishing, cybercriminals, payment fraud

Cross-border digital identity and onboarding

Voice of the Industry | Digital Identity, Security & Online Fraud | 19 May 2020

Adam Cooper, ID Crowd, explains why when one considers cross-border use of digital identity, what one really means is recognition of digital identity in other contexts 

Adam Cooper, ID Crowd, cross-border, digital identity, onboarding, digital economies, eIDAS, regulation, EU, equivalence, interoperability, liability, fraud, identity scheme, data breaches, public key, encryption, digital signatures

Payments startup PAAY exposed almost 2.5 mln credit card data

News | Digital Identity, Security & Online Fraud | 23 Apr 2020

A massive database that belongs to PAAY, storing millions of credit card transactions, has been secured after spending close to three weeks exposed publicly to the internet.

US, payments, startup, credit cards, data, personal information, card verification, merchants, fraud, breach, transactions, data exposure, passwords