Fraud & Security

10 Mar 14 @ 12:52

Visa and MasterCard have launched a cross-industry EMV acceptance group to improve security for card transactions and press US retailers and banks to meet a 2015 deadline to adopt technology that would make it safer... read more

06 Mar 14 @ 15:33

Payment card fraud in the US is rampant, and it’s adding up to big losses. The US accounted for 51% of global payment card fraud costs in 2013, according to BI... read more

04 Mar 14 @ 15:56

Last year’s Target breach flooded underground markets with millions of stolen credit and debit cards. In the days surrounding the breach disclosure, the cards carried unusually high price tags — in... read more

25 Feb 14 @ 11:07

Card fraud within the Single Euro Payments Area (SEPA) increased in 2012 for the first time since 2008, driven mainly by higher internet fraud. The third report on card fraud,... read more

17 Feb 14 @ 16:58

Ever since the Liberty Reserve take-down in May of last year and the confiscation of all accounts by law enforcement, fraudsters have been busy finding a solid virtual currency to... read more

10 Feb 14 @ 10:15

US banks have been forced to pay out over $172 million in re-issued plastic cards, according to figures from the Consumer Bankers’ Association following the well publicised data breaches of... read more

03 Feb 14 @ 16:26

The three companies at the centre of the South Korean data breach which saw personal information stolen from millions of South Koreans have been forced to suspend operations for three months... read more

31 Jan 14 @ 16:10

In a recent investigation, RSA researchers uncovered the server infrastructure used in a global Point-of-Sale (PoS) malware operation responsible for the electronic theft of payment card and personal data from... read more

28 Jan 14 @ 12:40

Neiman Marcus has been forced to admit that up to 1.1 million customer payment cards were compromised in the recent data breach that hit its instore POS terminals over a... read more

22 Jan 14 @ 14:34

Since entering the public domain, mobile money transfer using the phone platform, has almost lit up the airwaves. Paperwork is at the minimum and speed is usually counted in minutes.... read more

20 Jan 14 @ 12:10

Security firm IntelCrawler has released information implicating a Russian teen sold the BlackPOS malware responsible for breaching security at the retailers Target and Neiman Marcus and affecting as many as 110 million... read more

14 Jan 14 @ 11:18

Target has confirmed reports that hackers infected Target’s point-of-sale terminals with malware (POS malware)  to steal the payment card information from millions of customers, the retailer’s chief executive has confirmed.... read more