You know the problem is serious when Visa and MasterCard come together on something. And the recent spate of merchant data breaches and fraud is the latest example. On Friday, the two bankcard brands formed a cross-industry group whose primary focus is to enhance payment...
When managing fraud, processors, acquirers and merchants should look at the entire ecosystem of the transaction activity, not just the point-of-sale solution. And once that’s figured out, the key important next step is to have to have a program and appropriate staff in place...
New evidence suggests that an underground cybercrime ring — or rings — may be involved in the merchant-data breaches taking place recently. The fact that point-of-sale malware can be acquired with relative ease on the Internet, as well as signs from security officials that multiple...
Two security experts have shared a recent experience investigating the BlackPOS malware that is at the center of the growing merchant data-breach crisis. In an interview with KrebsOnSecurity, a technology security blog that has been investigating the data breaches, Tom Arnold and Paul Guthrie of cybersecurity...
Target acknowledged this week that the holiday season point-of-sale malware attack continue for longer than previous admitted. Target CFO John Mulligan’s included the revelation in his testimony for an appearance before the Senate Judiciary Committee. He wrote that 25 POS machines were discovered to be...
The malware used to infiltrate the point-of-sale systems at Target, Neiman Marcus and other retailers appears to have been custom built for each job. Investigators have determined the malware attacks are slightly different from retailer to retailer, the Wall Street Journal reported on Feb. 5. William Noonan,...
About 10 percent of all merchants accepted mobile payments last year. This represented a jump of 50 percent compared to 2012 levels, a new report from LexisNexis showed. An additional 25 percent of merchants expect to integrate mPayments into their existing systems in 2014. “Mobile-payment...
In the wake of an online security crisis that resulted in the loss of a highly valued Twitter account, domain name company GoDaddy has released a new set of security protocols. Added measures include more stringent PIN settings and more restrictive lock-out procedures in the...
Several major U.S. hotel chains may have been the victims of a new data breach. Hilton, Marriott and Starwood Hotels are among a group of customers of hotel management-solutions provide White Lodging Corp. Services that may have been harmed by a potential breach, the New York...
