Mastercard says that starting in 2024, banks and other institutions that issue its credit and debit cards will no longer need to include a magnetic stripe on the back, and that by 2033, m
agnetic stripes will be extinct. Given magnetic stripes' many security downsides, what's taken so long?
Allegiant characterizes itself as more of an e-commerce company than an airline, because 94% of its revenue comes through the website. As such, they needed another level of data security.
Download this case study to learn how Allegiant changed its security practices by:
Deploying Voltage SecureData with Secure...
A high-ranking member of the FIN7 payment card theft group has been sentenced to seven years in federal prison. Andrii Kolpako worked as a "pen tester" for the organization, prosecutors say.
A Ukrainian national who admitted to working as a system administrator and IT manager for the notorious FIN7 cybercriminal gang, which has been involved in the theft of millions of payment cards, has been sentenced to 10 years in federal prison.
Criminals continue to target ATMs with black boxes to run cash-out attacks and use explosives to get cash out of machines. But during the pandemic, most other types of attacks used to target ATMs, payment terminals and point-of-sale devices sharply declined, a new European study shows.
The combination of governmental financial support driven by “high unemployment, business insolvency, and disruptions in global
trade patterns” + increased online and remote banking has led to a spike in
financial fraud.
Heightened risks made it harder to comply with requirements to combat financing terrorism...
Point-of-sale device manufacturers Verifone and Ingenico have released fixes for flaws in some of their devices after researchers found the vulnerabilities could have enabled attackers to steal payment card data, clone cards or install malware.
As one of the fastest growing markets, MENAP represents a huge opportunity for merchants in the region and on a global scale. But success depends on understanding the changing consumer behaviors, accelerated by COVID-19. Like a positive shift in sentiment towards the security of digital payments.
Plus, explore...
Banking institutions are seeing a significant spike in
multichannel financial crimes. Data and analytics can be
key differentiators in the effort to protect sensitive
financial information.
Download this eBook to learn more about:
Financial crime trends and how they’ve evolved in 2020;
The manifestation of...
The Bad Bot Report investigates the daily attacks that sneak past sensors and wreak havoc on websites. Such activities include web scraping, competitive data mining, personal and financial data harvesting, brute-force login, digital ad fraud, spam, transaction fraud, and more.
In the 2020 Bad Bot Report you'll...
Despite the shift to e-commerce during the pandemic, attacks against POS devices persist. For example, Visa's payment fraud disruption team uncovered recent malware attacks on POS devices used by two North American hospitality companies.
A flaw in how contactless cards from Visa - and potentially other issuers - have implemented the EMV protocol can be abused to bypass PIN verification for high-value transactions, ETH Zurich researchers warn. But Visa says the exploits would be "impractical for fraudsters to employ" in real-world attacks.
Diebold Nixdorf and NCR have issued patches for ATM software vulnerabilities that could enable a hacker with physical access to the devices to commit deposit forgery, according to the Carnegie Mellon University CERT Coordination Center.
Dozens of suspects have reportedly been arrested in connection with an ATM cash-out scheme that targeted Santander Bank branches in New Jersey, New York and Connecticut.
The notorious carder marketplace Joker's Stash is advertising a fresh batch of 400,00 stolen payment cards issued by both South Korea and U.S. banks, warns Group-IB. It says that on average, stolen APAC payment card data sells for five times more than stolen U.S. payment card data.
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