Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

Paramount and Forever 21 Data Breach Exposes Thousands of Customer’s Personal Details

n-img-paramount

The significant media house Paramount Global and the renowned fashion supplier, Forever 21, have faced several data breach attacks exposing the personal information of thousands of people and set the stage for various scams.

A set of data breach attacks on both companies disclosed prominent information of their customers, including their names, addresses, emails, contacts, birthdates, and social security numbers. The Forever 21 data breach impacted approximately half a million people, on both employees and consumers; however, Paramount hasn’t yet stated a number or commented on the massive data breach. Although Hollywood Bigwig disclosed to the media in a letter that cyber attackers broke through Personally Identifiable Information (PII) and attacked several individuals for a month and reaped “social security numbers, driver’s license numbers, passport numbers, and information related to [the individual’s] relationship with Paramount.” The letter did not disclose the total number of victims and whether the data refers to website users, employees, customers, or others. On the other hand, Forever 21 disclosed that the hackers cracked PII and gathered the personal information of 539,000 consumers, including social security and bank account numbers. They also stated in the letter that “information regarding your Forever21 health plan” was also leaked, including their “enrollment and premium plan.” 

This stolen information can be used to follow up on more serious scams and host various frauds, such as phishing attacks aimed to gather more accurate and money making data. Security awareness advocate, Erich Kron stated, “this is a significant number of records that contain very sensitive information that have been potentially compromised. The data could easily be bundled and sold on the Dark Web and not used for months or even years. Information such as a Social Security number does not expire and can be useful for attackers for decades.” 

The systems or algorithms accessed by hackers in these incidents and what security loopholes allowed data breaches are unknown. Still, the breaches enhance the need for effective security compliance for businesses.

Suggested Reads:

DATA BREACH EXPOSES 515,000 IDS, MORE CASES OF SYNTHETIC ID FRAUD TO BE EXPECTED?

THE NAIVAS DATA BREACH | A WAKE-UP CALL FOR FIRMS TO FOLLOW PRIVACY LAWS

NAB CHIEF URGES GOVERNMENT TO RECONSIDER FINES FOR LARGE DATA BREACHES

Related Posts

News

El Salvador Must Address Bitcoin’s Risks, Demands IMF

The IMF has urged El Salvador to address the risk associated with the adoption of bitcoin as a le...

El Salvador Must Address Bitcoin’s Risks, Demands IMF Explore More

News

Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission

According to findings of a multi-agency investigation released by the NSW Crime Commission, pubs ...

Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission Explore More

News

EBA Issues Guidance on the Roles of AML/CFT Compliance Officers

The European Banking Authority has published guidelines that state the roles of Anti-money launde...

EBA Issues Guidance on the Roles of AML/CFT Compliance Officers Explore More

News

Binance Fined $3.4 million by Dutch Central Bank For Violating Regulatory Laws

The  De Nederlandsche Bank (DNB) fined Binance with $3.4 million for failing to get regulatory ap...

Binance Fined $3.4 million by Dutch Central Bank For Violating Regulatory Laws Explore More

News

Ontario Labeled ‘Highly Vulnerable’ to Money Laundering Activities in Cullen Report

The Canadian gambling sector is on its toes after Commissioner Austin Cullen’s report revealed in...

Ontario Labeled ‘Highly Vulnerable’ to Money Laundering Activities in Cullen Report Explore More

News

Westpac CEO Brian Hertzer Resigns Amid Money-Laundering Scandal

The chief executive of Westpac Banking Corporation, Brian Hartzer, has resigned and the chairman ...

Westpac CEO Brian Hertzer Resigns Amid Money-Laundering Scandal Explore More

News

Danish Gaming Regulator Sanctions Unibet Over AML Violations

Spillemyndigheden, the Danish Gaming Regulatory Authority has sanctioned Unibet for failing to co...

Danish Gaming Regulator Sanctions Unibet Over AML Violations Explore More

News

US DOJ Arrests Two in Alleged NFT Money Laundering, Rug Pull Scheme

The US Department of Justice has arrested two in a $1.1 million non-fungible token fraud and mone...

US DOJ Arrests Two in Alleged NFT Money Laundering, Rug Pull Scheme Explore More

News

Estonian Cryptocurrency Exchange charged for concealing hack

Crex24, an Estonian cryptocurrency exchange, is accused of hiding a hack from its customers after...

Estonian Cryptocurrency Exchange charged for concealing hack Explore More

News

EU Legislation Bans On-cash Deals Over €10,000 Due to Money Laundering Threats

The European Union’s ban on cash payments over €10,000 for transactions such as car payments is e...

EU Legislation Bans On-cash Deals Over €10,000 Due to Money Laundering Threats Explore More

News

Mexico: Federal Anti-Money Laundering Agency Freezes 1352 Accounts for Money Laundering

On Tuesday, the police and federal anti-money laundering agency said that they have frozen 1352 b...

Mexico: Federal Anti-Money Laundering Agency Freezes 1352 Accounts for Money Laundering Explore More

News

SEC Unfolds Strict Regulations to Prevent Financial Crimes in Stock Market

SEC (Securities Exchange Commission) is to implement tough regulations to prevent money launderin...

SEC Unfolds Strict Regulations to Prevent Financial Crimes in Stock Market Explore More

News

Biden Increases 50% Budget for FinCEN to Omit Financial Crimes

President Joe Biden of the USA is pushing a plan for a 50% increase in the budget set aside for t...

Biden Increases 50% Budget for FinCEN to Omit Financial Crimes Explore More

News

Money Service Businesses Tighten AML/CFT Measures Amid Challenges

Microfinance firms, remittance services, and cambios have reported success in upgrading AML/CFT m...

Money Service Businesses Tighten AML/CFT Measures Amid Challenges Explore More

News

CBUAE Cancels Registration of Insurance Broker for AML Non-compliance

The Central Bank of the UAE (CBUAE) has cancelled Al Fazaa’s registration as an insurance a...

CBUAE Cancels Registration of Insurance Broker for AML Non-compliance Explore More

News

Fraudsters exploiting Coronavirus panic have scammed £1.6 million

United Kingdom investigators have reported more than 500 COVID-19 associated scams and over 2,000...

Fraudsters exploiting Coronavirus panic have scammed £1.6 million Explore More

News

B.C. Real Estate Company Fined $230K for Multiple AML Violations

Nu Stream Realty Inc. has been fined $230,423 for failure to comply with federal Anti-Money Laund...

B.C. Real Estate Company Fined $230K for Multiple AML Violations Explore More

News

China’s Financial Watchdogs All Set to Regulate FinTech Sector

China’s four years regime to clear all risks from the financial system have been extended to the ...

China’s Financial Watchdogs All Set to Regulate FinTech Sector Explore More

News

Tech Analysts Say Elgin Data Breach May Prove “Devastating” for Those Vulnerable to Identity Fraud

Technology experts raise questions about the lack of transparency of the municipality in dealing ...

Tech Analysts Say Elgin Data Breach May Prove “Devastating” for Those Vulnerable to Identity Fraud Explore More

News

AFM Fines Robeco ​​€2 Million for AML Compliance Failure

The Netherlands’ financial regulator AFM has fined Robeco €2 million for failing to implement ade...

AFM Fines Robeco ​​€2 Million for AML Compliance Failure Explore More

News

Aussies Bombarded With Scams in 2022 – ACCC Report

The Australian Competition and Consumer Commission (ACCC) reported Aussies as the top target of s...

Aussies Bombarded With Scams in 2022 – ACCC Report Explore More

News

Scammers and Hackers Use Cloud Mining to Launder Cryptocurrencies

According to new research, the use of cloud mining methods to conceal crypto funds has intensifie...

Scammers and Hackers Use Cloud Mining to Launder Cryptocurrencies Explore More

News

Indonesia to Pass Regulations to Control Money Laundering

Indonesia is looking to develop a strong regulatory framework to curb money laundering and terror...

Indonesia to Pass Regulations to Control Money Laundering Explore More

News

Over a Million T-Mobile Customers Affected By a Data Breach

T-mobile suffered a data breach earlier this month, the company confirmed this on their website t...

Over a Million T-Mobile Customers Affected By a Data Breach Explore More

News

Australian Law Council Reports Practitioners Successfully Mitigating Money Laundering Risks

The Australian Law Council claimed they noticed in the survey that lawyers uphold rigorous regula...

Australian Law Council Reports Practitioners Successfully Mitigating Money Laundering Risks Explore More

News

US Infrastructure Bill Eyes on Introducing Stringent Crypto Provisions

The infrastructure bill proposed in the US Congress aims at revamping how crypto exchanges perfor...

US Infrastructure Bill Eyes on Introducing Stringent Crypto Provisions Explore More

News

2020 Election is coming up! Facebook bans deepfakes

2020 is up and the United States’ presidential election campaign is underway. Prior to these elec...

2020 Election is coming up! Facebook bans deepfakes Explore More

News

SEC & NYDFS Oppose Binance $1 Billion Voyager Deal

The Securities and Exchange Commission and the New York Department of Financial Services have spo...

SEC & NYDFS Oppose Binance $1 Billion Voyager Deal Explore More

News

UK and UAE Take Steps in Joint Efforts to Combat Money Laundering

In the UAE-UK Partnership to Tackle Illicit Financial Flows, the two countries are in talks about...

UK and UAE Take Steps in Joint Efforts to Combat Money Laundering Explore More

News

Norway to Revive Travel by Introducing Vaccine Passports

By the Summer of 2021, Norway plans to revive travel to and from the country as it joins the list...

Norway to Revive Travel by Introducing Vaccine Passports Explore More

News

Facebook’s New AI Can Help You Circumvent Facial Recognition

Facial recognition technology is primarily used to detect and identify people but in a turn of ev...

Facebook’s New AI Can Help You Circumvent Facial Recognition Explore More

News

$2 Trillion Moved and Now Banks Resist Money Laundering Orders

According to the ICIJ journalist, BuzzFeed shared some documents disclosing the attitude of finan...

$2 Trillion Moved and Now Banks Resist Money Laundering Orders Explore More

News

Facebook and LinkedIn follow Twitter’s suit demanding Clear view AI to stop scrapping user images

The previous month, after NewYork Times’ critical report on the facial recognition tech of Clearv...

Facebook and LinkedIn follow Twitter’s suit demanding Clear view AI to stop scrapping user images Explore More

News

Regulators Criticise Deutsche Bank over Forex Mis-selling Probe

ECB and BaFin have told Deutsche Bank that they are “not satisfied” with its probe into mis-selli...

Regulators Criticise Deutsche Bank over Forex Mis-selling Probe Explore More

News

BitMEX Founders Admit Violating Anti-Money Laundering Regulations

Two of the co-founders of crypto exchange BitMEX Arthur Hayes and Benjamin Delo have pleaded guil...

BitMEX Founders Admit Violating Anti-Money Laundering Regulations Explore More

News

FBI Expands its Corruption Unit to Closely Monitor Illicit Activities

The Federal Bureau of Investigation (FBI) has stepped in, to monitor international corruption by ...

FBI Expands its Corruption Unit to Closely Monitor Illicit Activities Explore More

News

Business Email Compromise Scam Taking a Toll on Businesses

BEC, Business Email Compromise scams are on the rise and they continue to impact businesses. Ther...

Business Email Compromise Scam Taking a Toll on Businesses Explore More

News

Sberbank Warns Russians; Cybercrime Cost the Nation $49bn in 2020

According to Russia’s largest state-owned bank, Sberbank, the total amount the citizens along wit...

Sberbank Warns Russians; Cybercrime Cost the Nation $49bn in 2020 Explore More

News

Updated AML Regulation for Australian Digital Currency Exchange

The attorney-General proposed changes to AML/CTF frameworks in April 2023. The Australian Governm...

Updated AML Regulation for Australian Digital Currency Exchange Explore More

News

SRA Fines a Law Firm £14,000 for Breaching ID Verification Regulation

A business organization is being penalized £14,000 by the Solicitors Regulation Authority (SRA) f...

SRA Fines a Law Firm £14,000 for Breaching ID Verification Regulation Explore More

News

RBI Allows Multinational Banks to Retain Limited Data Abroad for AML Screening

KYC data can be retained in offshore bank branches for the purpose of sanctions and AML screening...

News

Americans Lose $3.82 Billion to Crypto and ‘Phantom Property’ Investment Scam

The American public is being alerted to the proliferation of fraudulent investment schemes. Crypt...

Americans Lose $3.82 Billion to Crypto and ‘Phantom Property’ Investment Scam Explore More

News

Bank of Ghana Issues New Guidelines for AML and CTF

The Bank of Ghana (BOG) has introduced new directives on Anti Money Laundering/Combating the Fina...

Bank of Ghana Issues New Guidelines for AML and CTF Explore More

News

Mega Bank Fined $10 Million in Fake Mortgage Case

Due to poor internal controls, 28 fraudulent mortgage applications went undetected.  The Financia...

Mega Bank Fined $10 Million in Fake Mortgage Case Explore More

News

Financial Crimes Surged Amid COVID-19, Says FATF

Financial Action Task Force (FATF) speaks up about the adverse effects of COVID-19 on financial r...

Financial Crimes Surged Amid COVID-19, Says FATF Explore More

News

T-Mobile Suffers its Second Security Breach within Six Months

T-mobile US suffered its second data breach between late February and early March, affecting 836 ...

T-Mobile Suffers its Second Security Breach within Six Months Explore More

News

California’s EDD is Falling Behind in Legitimate Unemployment Claims

According to a report by Calmatters, California’s Employment Development Department is lacking be...

California’s EDD is Falling Behind in Legitimate Unemployment Claims Explore More

News

Homeland Security Wants Facial Recognition For All Entering or Leaving US

The federal government is considering changing airport security in a major way. Facial recognitio...

Homeland Security Wants Facial Recognition For All Entering or Leaving US Explore More

News

WhatsApp Receives Fine Worth $267m for Breaching EU’s Data Privacy Law

Ireland’s Data Protection Commission has stated that WhatsApp failed to inform EU citizens suffic...

WhatsApp Receives Fine Worth $267m for Breaching EU’s Data Privacy Law Explore More

News

Australians Lost a Record Amount of Over $3 Billion to Scams in 2022

The Australian Competition and Consumer Commission (ACCC) revealed that Aussies lost more than $3...

Australians Lost a Record Amount of Over $3 Billion to Scams in 2022 Explore More

News

Cybercrimes in UK have ‘doubled’ in past five years

Large businesses remain most at target but SMBs have seen the steepest rise in successful cyber a...

Cybercrimes in UK have ‘doubled’ in past five years Explore More

News

Ransomware attack on insurance MSP Xchanging affects customers

DXC Technology, a global IT solutions provider reported a ransomware attack to the US Exchange Co...

Ransomware attack on insurance MSP Xchanging affects customers Explore More

News

Janet Yellen, US Treasury Secretary to be, Prioritizes AML Regulations

Janet Yellen, incoming Secretary of the US Treasury has announced that AML legislation is the mos...

Janet Yellen, US Treasury Secretary to be, Prioritizes AML Regulations Explore More

News

AUSTRAC Throws in Hands in their Fight Against Money Laundering through Casino Junk Operators

Australian regulatory bodies to fight financial crimes have known for quite a time that casino ju...

AUSTRAC Throws in Hands in their Fight Against Money Laundering through Casino Junk Operators Explore More

News

Bermuda Monetary Authority Tightens AML Control as Threat of Money Laundering Increases

Bermuda Island was rated high in the 2020 Money Laundering and Terrorist Financing Risk Assessmen...

Bermuda Monetary Authority Tightens AML Control as Threat of Money Laundering Increases Explore More

News

EU Lawmakers to Initiate Discussions on AML Laws for Bitcoin, Ethereum & More

The EU’s parliament, commission, and council are set to initiate discussions on the issue of anti...

EU Lawmakers to Initiate Discussions on AML Laws for Bitcoin, Ethereum & More Explore More

News

ICAIE Issues Report on Trade-Based Money Laundering in Free Trade Zones, Ports, & Safe Havens

The ICAIE released a new report called “The Dark Side of Illicit Economies and TBML: Free T...

ICAIE Issues Report on Trade-Based Money Laundering in Free Trade Zones, Ports, & Safe Havens Explore More

News

FATF Reveals Qatar’s Failure to Enforce Crypto Ban to Combat Money Laundering

Qatari authorities have taken naive action against crypto companies that violated a ban announced...

FATF Reveals Qatar’s Failure to Enforce Crypto Ban to Combat Money Laundering Explore More

News

Swedbank cuts former CEO’s Golden Parachute over Money-Laundering

STOCKHOLM – Swedbank has canceled the severance pay of former CEO, Birgitte Bonnesen after ...

Swedbank cuts former CEO’s Golden Parachute over Money-Laundering Explore More

News

UK Gambling Commission Charges Kindred Brand $8.7M over AML Shortcomings

The UK Gambling Commission has charged the Kindred Group with a hefty £4.19-million (US$5.15 mill...

UK Gambling Commission Charges Kindred Brand $8.7M over AML Shortcomings Explore More

News

Cryptocurrency Fraud Reports to UK Action Fraud More Than Double in 2021

The study advises financial regulators to place more pressure on cryptocurrency institutions to c...

Cryptocurrency Fraud Reports to UK Action Fraud More Than Double in 2021 Explore More

News

Illicit Betting Report by the UK’s Gambling Industry Misguided the Regulators

UK’s Gambling Firms are being accused of exaggerating the numbers on the black market betting rep...

Illicit Betting Report by the UK’s Gambling Industry Misguided the Regulators Explore More

News

UK Government to Crackdown Corruption Under New AML laws

Overseas firms owning land in the UK need to publicly declare the owners, under the new UK laws t...

UK Government to Crackdown Corruption Under New AML laws Explore More

News

China Introduces 5-Point Strategy to Enforce Crypto AML Measures

China’s newly appointed governor of the Central Bank emphasised the AML regulations to safeguard ...

China Introduces 5-Point Strategy to Enforce Crypto AML Measures Explore More

News

FinCEN Extends the Comment Period of Virtual Currency Regulations

FinCEN– Financial Crimes Enforcement has finally agreed to reopen the comment period of reg...

FinCEN Extends the Comment Period of Virtual Currency Regulations Explore More

News

DBS Bank in Singapore Entering the Crypto Sector with Three New Offerings

Singapore’s largest commercial and retail bank, DBS, is likely to enter the cryptocurrency sector...

DBS Bank in Singapore Entering the Crypto Sector with Three New Offerings Explore More

News

Japan Considers Facial Recognition to Trace Contact at Large Scale Events

According to the Japan Times report, the country is planning to introduce facial recognition at l...

Japan Considers Facial Recognition to Trace Contact at Large Scale Events Explore More

News

Australia Risks Damage To Economy Unless Money Laundering Laws are Improved

A Senate committee says that Australia is at risk of damaging its economy if money laundering law...

Australia Risks Damage To Economy Unless Money Laundering Laws are Improved Explore More

News

Hong Kong to Implement Background Checks for Accounting Students

Police will carry out a detailed background check of the students that plan on pursuing accountin...

Hong Kong to Implement Background Checks for Accounting Students Explore More

News

Over 6000 BVNs Under Scrutiny for Fraudulent Transactions, Reveals CBN

The Central Bank of Nigeria (CBN) has revealed that more than 6000 Bank Verification Numbers (BVN...

Over 6000 BVNs Under Scrutiny for Fraudulent Transactions, Reveals CBN Explore More

News

Biden’s Administration Announces New Timeline for AML Initiative and Beneficial Ownership Rules

FACT’s anti-money laundering efforts are updated in the Biden Administration’s Spring 2023 Regula...

Biden’s Administration Announces New Timeline for AML Initiative and Beneficial Ownership Rules Explore More

News

Saskatchewan Government Invests $1.66m to Support Fight Against Money Laundering

The Government of Saskatchewan is spending $1.66 million on the Civil Forfeiture Program to back ...

Saskatchewan Government Invests $1.66m to Support Fight Against Money Laundering Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started