Employers worldwide are warming up to the idea of allowing workers to bring their own identity (BYOID), even when it comes to logging in for work-related functions. New research jointly supported by CA Technologies and the Ponemon Institute indicates that IT departments are increasingly comfortable...
In a fraud aimed at taking advantage of an authentication hole with debit card processing—a variation of which hit quite a few Apple stores recently—a group of thieves start their attack by stealing PayPal MasterCard Prepaid Debit cards from major retailers, especially CVS, according to...
PayPal has discovered yet another flaw in its two-factor authentication system. Actually, it’s more accurate to say that PayPal has had another flaw discovered for them. What a teenager has done is turn PayPal’s two factor authentication into one factor authentication, if the shopper is...
Eastern Europe is proudly refining its reputation as the world’s top cyberthief place of business, as a group of Russian thieves was accused Tuesday (Aug. 5) of what is possibly the largest high-tech swindle to date. The take? About 1.2 billion usernames and passwords in addition...
Target’s databreach is the gift that keeps on taking. Almost eight months after the chain disclosed its huge databreach, it’s still paying for the cleanup. Target announced Tuesday (Aug. 5) that for its current quarter, which ended Aug. 2, another $148 million in cleanup costs...
Online crooks are getting more sophisticated by the second. Nowadays, fraudsters have the ability to conduct “clean fraud,” obtaining legitimate identities of users from the black market or data breaches to compromise a victim’s card account. Malware, too, is becoming more sophisticated both in the...
In a statement released Monday (August 4), restaurant chain P.F. Chang CEO Rich Federico confirmed that the data breach reported in early June 2014 affected 33 locations at the chain nationwide. The cyber attack hit the Chinese bistro’s payment card processing systems and cybercriminals were...
Every month the same scene plays out at kitchen tables across America—parents receiving their bank statement or credit card bill are suddenly struck by blind dread and horror as they realize that their children have somehow spent most of their monthly salary buying in-app upgrades...
A lawsuit from the U.S. Federal Trade Commission filed against a group of ISOs on Wednesday (July 30) reads like a how-to guide for ripping off the card brands, as it details the fraud techniques the ISOs are accused of using to sidestep Visa and...
