Security & Fraud

Europe
How Much Is Stolen Card Data Worth?
August 13, 2014

A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...

News
“Most Secure” Android Phone Hacked In Fewer Than Five Minutes
August 13, 2014

Want to make payments with a smart phone?  Are you one of the 85 percent of consumers using Android OS?  It’s a good news, bad news kind of morning.  On the upside, there is the Blackphone out there—a security enhanced modified Android OS phone that...

Hmmm
New PCI Third-Party Guidance: No More Out-of-Sight-Out-of-Mind
August 13, 2014

The PCI Council, which rules payment-card security, just issued new guidelines for how to outsource payments-related work to third parties. The message: You can't just hand off security and forget about it.

Breach Round Up
Russian Cyberthief Indicted For Chase, Capital One, Citibank Attacks
August 13, 2014

A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...

Company Spotlight
TSYS Enables Enterprise Tokenization
August 13, 2014

TSYS announced yesterday that it released its Enterprise Tokenization solution to secure payment card information for online, mobile, and digital wallet transactions, according to a company release.

Controversial
Urban Outfitters’ Security Chief Says It’s Best To Keep Breaches A Secret
August 12, 2014

Publicly, all retailers have—historically—said that data breach disclosures need to happen quickly and publicly. Privately, though, IT and security specialists have long questioned the point of such disclosures, especially the early ones. The initial reports are almost always wrong, shoppers can't do anything useful with...

News
Schnuck Settles Data Breach Lawsuit
August 12, 2014

Schnuck Markets (which does business as Schnucks) announced Monday (Aug. 11) that it has settled a 2013 security breach and will be sending checks to some of its shoppers. The settlement includes paying shoppers for “documented lost time,” which is unusual in these kinds of...

International
Alibaba Playing Hardball On Fighting Knockoffs
August 11, 2014

Major consumer brands have struggled for years to control the massive grey market, where the brand’s goods are sold without authorization—and where the items sold may be counterfeit items of much lesser quality. This problem is especially challenging in much of the Asian E-Commerce space—and...

Merchant Innovation
Find Bugs? Square Will Pay Up
August 11, 2014

When it comes to fighting cybersecurity threats, there are many possible philosophies, but one school of thought says that if you can’t beat ‘em, it’s time to consider paying them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...