Slim CD, a Florida-based payment gateway provider, has confirmed a data breach affecting nearly 1.7 million users. The breach, which occurred between August 2023 and June 2024, exposed sensitive information including full names, credit card details, physical addresses, and expiration dates. While the CVV numbers were not compromised, the company is urging affected users to be vigilant against potential fraud and has provided resources for credit monitoring and security.
India’s digital transactions are experiencing tremendous growth, reaching remarkable volumes. However, alongside this expansion, fraudulent practices aimed at exploiting these transactions are becoming increasingly sophisticated. Banks, card networks, and payment platforms are implementing rigorous measures to safeguard online and offline transactions. AI plays a crucial role in identifying and combating fraud, although fraudsters are also leveraging these technologies.
