Banking Attacks Surge Along with Post-COVID Economy

For many, COVID-19 has been a crushing catastrophe. But for bank scammers, it’s shaped up to be a nice little money-making opportunity. As the post-pandemic economy roars back to life, cybercriminals are using a new whirlwind of transactions as cover to launch an extraordinary number of bank frau...

COVID-19 ‘Breach Bubble’ Waiting to Pop?

The COVID-19 pandemic has made it harder for banks to trace the source of payment card data stolen from smaller, hacked online merchants. On the plus side, months of quarantine have massively decreased demand for account information that thieves buy and use to create physical counterfeit credit...

App Security and PCI; Are you ready for the audit?

As most people know, merchants, financial institutions and anybody else who is involved in processing credit cards are subject to the PCI DSS compliance to reduce fraud and cybersecurity risks. This affects both brick-n-mortar stores and banks as well as card-not-present CNP transactions that...

U.S. Chip Cards Are Being Compromised in the Millions

Chip-and-PIN technology has become the de-facto standard for in-person credit- and debit-card transactions in the U.S. – but a lack of merchant compliance means that cards are still being compromised in the millions. Chip cards, which contain an embedded microprocessor that encrypts the card data...

Latin American ‘Biñeros’ Bond Over Fraudulent Purchase Scheme

A type of card-not-present fraud is spreading throughout the Latin American underground, uniting groups of malefactors in a communal effort to perpetrate it as widely and as often as possible. Cybercriminals in the region are making use of problems in the validation process for bank identificatio...

Visa, MasterCard Remove Passwords from 3D Secure

Payment giants Visa and MasterCard announced plans to eliminate the need for password authentication in the companies’ respective “Verified by Visa” and “SecureCode” payment platforms which are designed to add an additional layer of security to online transactions. In a press release, MasterCard...

eCommerce Fraud Detection Tool - An Anti-fraud solution by MasterCard

eCommerce Fraud Detection Tool - An Anti-fraud solution by MasterCard In the past, a lost wallet, stolen credit card, or misplaced ID were among the paramount culprits of identity theft.Today, one need not lose a thing to eventually lose it all. commerce merchants have a new tool at their disposa...

Attackers Find Point-of-Sale Software an Easy Target

While most consumers worry about their credit card or debit card numbers or other valuable data being stolen from their home computers or leaked via a data breach at their banks, a new report shows that the vast majority of attacks that harvest this sensitive data actually target weak software on...