Articles with tag: breaches

Found 49 results in 185 milliseconds.

Goodbye passwords, passwordless authentication is here to stay

19 Oct 2020 | Digital Identity, Security & Online Fraud

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

15 Oct 2020 | Ecommerce

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

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

17 Sep 2020 | Payments General

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

Instacart blames reused passwords for a recent series of data breaches

27 Jul 2020 | Digital Identity, Security & Online Fraud

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

30 Jun 2020 | Digital Identity, Security & Online Fraud

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

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

02 Jun 2020 | Digital Identity, Security & Online Fraud

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

19 May 2020 | Digital Identity, Security & Online Fraud

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

A look into the future: customer onboarding

13 Apr 2020 | Digital Identity, Security & Online Fraud

As awareness of digital id and the concept of controlling personal data is gaining mainstream momentum, Cameron D’Ambrosi, One World Identity takes a deep dive into customer onboarding

KYC, digital onboarding, digital identity, One World Identity, banking, data breaches, financial services, data privacy, US

Potential ML breaches in Australia reported by HSBC

09 Apr 2020 | Digital Identity, Security & Online Fraud

HSBC has reported itself to Australia's financial regulator for possible breaches of AML rules, the bank disclosed in a regulatory filing by its Australian subsidiary.

HSBC, money laundering, breaches, Australia, financial regulator, AML, bank, financial institutions, UK, financial crime, regulators

FINMA sanctions the Swiss bank for corruption

24 Feb 2020 | Digital Identity, Security & Online Fraud

Switzerland-based Financial Market Authority (FINMA) has banned Julius Baer Bank, a Swiss multinational private bank, from conducting any significant acquisitions.

Swiss Bank, sanction, corruption, Switzerland, FINMA, banks, AML, PDVSA, KYC, irregularities, data, breaches, financial services, transactions

What has 2019 taught us? A retrospective on ecommerce fraud

17 Feb 2020 | Digital Identity, Security & Online Fraud

Fraud has become highly sophisticated, continuing to evolve day by day, hour by hour. What are the take ins? Check out the following 2019 retrospective and be prepared for 2020

retrospective, fraud, data breaches, bot attacks, phishing, ATO, identity theft, ecommerce, fraud prevention, account takeover, payments, credentials, chargebacks, friendly fraud, Open Banking, BORIS, BOPIS, click and collect fraud, loyalty fraud, artificial intelligence, machine learning

KOGER unveils its Suspicious Activity Monitoring solution

31 Jan 2020 | Digital Identity, Security & Online Fraud

KOGER has revealed it now offers a Suspicious Activity Monitoring (SAM) solution for transaction and investor demographic monitoring with a modern dashboard-based user experience.

KOGER, suspicious activity, monitoring, SAM, financial services, retail, alternative markets, breaches, API, data

Fines for privacy breaches reach EUR 114 million in Europe

20 Jan 2020 | Digital Identity, Security & Online Fraud

European regulators have imposed EUR 114 million euros in fines for data breaches since tougher privacy rules came into force in mid-2018, with approaches varying widely from country to country.

GDPR, fines, data breaches, European regulators, fines, DLA Piper

Despite cybersecurity investments, breaches increased in 2019

10 Jan 2020 | Digital Identity, Security & Online Fraud

A ServiceNow study has found that despite a 24% average increase in annual spending on prevention, detection and remediation in 2019 compared with 2018, breaches increased in 2019.

security breaches, cybersecurity, ServiceNow, study, fraud prevention

More than half of all leaked records in 2019 exposed by financial services companies

17 Dec 2019 | Digital Identity, Security & Online Fraud

More than 60% of all leaked records in 2019 were exposed by financial services organisations, according to Bitglass’ 2019 Financial Breach Report.

financial services, data breaches, hacking, malware, cybersecurity, data, study, Bitglass, cloud security

ID.me offers identity verification solution for CCPA compliance

06 Dec 2019 | Digital Identity, Security & Online Fraud

ID.me has unveiled an identity proofing and authentication solution for businesses that need to comply with the California Consumer Privacy Act (CCPA).

ID.me, security, identity verification, California Consumer Protection Act, CCPA, compliance, identity spoofing, risks, data breaches, hacks, identity proofing

Hackers infiltrated Macy's ecommerce site and stole customer data

20 Nov 2019 | Digital Identity, Security & Online Fraud

Macy's has communicated a data breach notification, saying hackers infiltrated its ecommerce site and stole customer data, including financial information, ISMG reports.

Macy's, fraud, cybercrime, data breaches, ecommerce

Thousands of Disney+ customers accounts hacked

20 Nov 2019 | Digital Identity, Security & Online Fraud

Thousands of Disney+ customers have had their accounts hacked within days of the service launching, says Mobile Marketing.

Disney+, cybercrime, data breaches

Precise, Infinity Optics Solutions to collaborate on identification biometrics

12 Nov 2019 | Digital Identity, Security & Online Fraud

Precise has signed a collaboration agreement with biometric cryptography company Infinity Optics (“IO”), to develop identification software for fingerprint recognition.

Precise, collaboration, Infinity Optics Solutions, biometrics, cryptography, identification, fingerprint recognition, risks, fraud, security, data breaches

Balancing UX with strong identity verification processes, crucial for businesses

28 Oct 2019 | Digital Identity, Security & Online Fraud

IDology has released a new fraud report revealing the critical need for businesses to balance the digital consumer experience with strong identity verification processes.

IDology, fraud report, consumer trust, synthetic ID, fraud threats, data breaches, security, synthetic identity fraud