Search Results for: breach
The Pros and Cons of SoftPOS; SEC Rule Pressures Breach Notifications; Plus Weekly Recap
New SEC Rule Ups the Ante on Data Breach Disclosures
With the Securities and Exchange Commission mandating public companies victimized by a cyberbreach publicly disclose the breach, businesses need to be more diligent in keeping out cybercriminals, as disclosure of such information can subject them to greater scrutiny and potential liability. The rule, which the SEC passed in July, requires …
Read More »2023 Data Breaches on a Tear; Car IQ Along for the Ride with Visa; HipFinity Gateway Launches
Early 2023 Data Breach Volumes Surpass Most Recent Full Years
As digitalization of payments information continues to permeate society, the allure of getting a hold of that data illicitly is unabated. Already, for the first half of 2023, the number of U.S. data compromises is higher than the total compromises for every full year between 2005 and 2020, except for …
Read More »Visa’s P2P Payments Interoperability Play; Eye on Real-Time Payments; Data Breaches Drop 13%
Data Breaches Drop 13% And Other Digital Transactions News briefs from 4/13/23
The number of reported data compromises totaled 445 in the first quarter, a 13% decrease from the previous quarter, according to the latest report from the Identity Theft Resource Center. The number of victims decreased 64% in the same period. Health care breaches, at 81, led the quarter followed by financial services …
Read More »Record High Data Breaches in 2022; Eye on Money Transfers; Nuvei Lands L.A. Processor
Data Breaches in 2022 Hit a Near Record High As Notices Increasingly Omit Information
Data breaches remained at near record levels in 2022, according to the Identity Theft Resource Center’s annual data breach report. The number of breaches totaled 1,802 last year, just 60 short of the all-time high recorded in 2021, making the total number of breaches in 2022 the second-highest on record. …
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