Paybefore today announced the Best-in-Category winners in 20 categories for its eighth annual Paybefore Awards. The competition was fierce with companies and programs from the U.S., Canada, Turkey, Gibraltar, U.A.E., U.K, South Africa and Russia vying for top honors.
Fifty-four percent of those 2014 breaches related to identity theft; 17 percent to financial access; and 11 percent to account access. And in that year, 32 data records were lost or stolen every second—averaging out to almost 2.8 million a day. In a world of widespread breaches, card issuers must look at reissuance as an opportunity.