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Nissan Finance Canada Suffers Data Breach — Notifies 1.13 Million Customers

Nissan Finance Canada Suffers Data Breach — Notifies 1.13 Million Customers
Dec 22, 2017
It's the last month of this year, but possibly not the last data breach report. Nissan warns of a possible data breach of personal information on its customers who financed their vehicles through Nissan Canada Finance and INFINITI Financial Services Canada. Although the company says it does not know precisely how many customers were affected by the data breach, Nissan is contacting all of its roughly 1.13 million current and previous customers. In a statement released Thursday, Nissan Canada said the company became aware of an " unauthorized access to personal information " of some customers on December 11. " Nissan Canada Finance recently became aware it was the victim of a data breach that may have involved an unauthorized person(s) gaining access to the personal information of some customers that have financed their vehicles through Nissan Canada Finance and INFINITI Financial Services Canada, " the company said . It's believed that the unkno

Equifax Hack Exposes Personal Info of 143 Million US Consumers

Equifax Hack Exposes Personal Info of 143 Million US Consumers
Sep 07, 2017
It's ironic—the company that offers credit monitoring and ID theft protection solutions has itself been compromised, exposing personal information of as many as 143 million Americans—that's almost half the country. Equifax, one of the three largest credit reporting firm in the United States, admitted today that it had suffered a massive data breach somewhere between mid-May and July this year, which it actually discovered on July 29—that means the data of 143 million people were exposed for over 3 months. However, it's unknown why Equifax waited 6 weeks before informing their millions of affected customers about the massive security breach. Based on Equifax's investigation, unknown hackers exploited a security vulnerability on its website to gain unauthorized access to certain files. Stolen data includes consumers' names, Social Security numbers, and birth dates for 143 million Americans, and in some instances, driving licence numbers and credit card n

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024
Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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