Flaws allow attackers to bypass payment limits on Visa contactless cards
Flaws that allow attackers to bypass the payment limits on Visa contactless cards have been discovered by researchers Leigh-Anne Galloway and Tim Yunusov at Positive …
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Established companies leveraging fintech capabilities for growth
As new technologies and regulations bring new opportunities and challenges to the financial services industry, nearly two-thirds of established companies are leveraging …
Banks continue to prioritize risk management over customer convenience
Almost three in four banks in Asia Pacific anticipate that fraud in their country will increase in 2019, according to a recent poll by FICO. Of specific concern are …
In a post-EMV world, fraud is shifting from in-person to ecommerce channels
Three years after the switch to new chip-based credit and debit cards, a study by the National Retail Federation and Forrester says payment card fraud is still a top concern …
Mobile payment card cloning: Understanding the risks
Mobile contactless payments have grown exponentially and Host Card Emulation (HCE) – the possibility to emulate payment cards on a mobile device, without dependency on special …
Major international law enforcement operation targets airline ticket fraud
193 individuals suspected of traveling with airline tickets bought using stolen, compromised or fake credit card details have been detained in a major international law …
Amex users hit with phishing email offering anti-phishing protection
American Express users are being actively targeted with phishing emails impersonating the company and advising users to create an “American Express Personal Safe …
PCI Council wants more robust security controls for payment devices
The PCI Council has updated its payment device standard to enable stronger protections for cardholder data, which includes the PIN and the cardholder data (on magnetic stripe …
Nearly 1 in 3 consumers victimized by card fraud
Thirty percent of consumers globally have experienced card fraud in the past five years, according to ACI Worldwide and Aite Group. The global fraud study of more than 6,000 …
Increase in credit card leaks with high profile apps and sites
A new report reveals a continued rise in apps and mobile websites leaking credit card data, with several new cases from prominent brands, including the Hong Kong metro system. …
NIST security standard to protect credit cards, health information
For many years, when you swiped your credit card, your number would be stored on the card reader, making encryption difficult to implement. Now, after nearly a decade of …
Carders use custom built POS malware to hit US retailers
Crypto-ransomware might be the most prominent type of malware these days, but that doesn’t mean that criminals have stopped using other kinds. According to FireEye …
