PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like cheques and money orders. A screen shot of an excerpt from the FDIC report on security lapses at FIS. Stay up to date with security research and global news about data breaches. “We’ve had a full court press on with our clients to make sure they get this loaded and tested.”. “Our first priority was to fix it and make sure our clients had installed the patch. I recently spoke with a gentleman who heads up security at a small federal credit union, and this individual said his institution ended up printing their own cards in-house after being told by their financial services provider that their order for some 2,000 new customer cards compromised in the Target breach would have to get behind a backlog of more than 2 million existing orders from other banks.

“From review of the previous investigation reports, along with other documentation provided by FIS, examiners and payment card industry experts identified over 2,000 touch points that indicated a broad exposure of internal FIS systems and client related data,” the report notes. Book a free, personalized onboarding call with one of our cybersecurity experts. Brian Krebs reports: Fiserv, Inc., a major provider of technology services to financial institutions, just fixed a glaring weakness in its Web platform that exposed personal and financial details of countless customers across hundreds of bank Web sites, KrebsOnSecurity has learned. Fiserv is one of the largest core banking system providers in the U.S. — it has 37% market share, according to the data firm FedFis — and it has long prided itself on security and stability. In both cases I was able to replicate Hermansen’s findings and view email addresses, phone numbers, partial account numbers and alert details for other customers of each bank just by editing a single digit in a Web page request. Jacksonville, Fla. based FIS is one of the largest information processors for the banking industry today, handling a range of services from check and credit card processing to core banking functions for more than 14,000 financial institutions in over 100 countries.

It developed and provided a wide variety of hardware components as well as software and related services to consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors.



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