About 110 million Americans were hacked in the last year, almost half of all U.S. adults, according to reports from Digital Trends. Information lost to hackers includes names, telephone numbers, social security numbers, credit card information and the answers to security questions. According to Digital...
It’s been half a decade since Congress stepped in to thwart banks’ efforts to promote high-cost credit cards and loans on college campuses. Lawmakers are back at it again, this time targeting conflicts of interest and kickbacks between financial institutions and schools related to debit...
Lawmakers in Taipei are questioning a two-way authorization policy for customers making small transactions on mobile. The policy, which was initially enforced to protect the customers, has proven to be ineffective with an 83 percent rise in scams since last year resulting in losses topping...
ControlScan announced on May 29 that it had redesigned its PCI Compliance Guide website. The payment security and compliance solution provider said in a company statement that the website is meant to keep merchant service providers (MSPs) and small to mid-sized businesses (SMBs) current on changes...
Some Apple users in Australia have found themselves victims of a unique attack by hackers through their iPhones. According to several reports, Apple customers received a message on their iPhones, iPads and Macs, which told them that if they didn’t pay US$100 to a PayPal...
Tap-and-go credit cards might be convenient for consumers, but they could also be convenient for thieves. At least, that is the mindset of some law enforcement in Victoria, Australia. According to Victoria Police Chief Commissioner Ken Lay, tap-and-go credit cards have been a driving factor...
An inaugural quarterly fraud-index report from online-payments provider 2Checkout identifies Discover and Diners Club credit cards as experiencing the most amounts of fraud and Acculynk payments as having the least fraudulent activity. Discover and Diners Club scored a fraud-index rate of minus-75, indicating that consumers...
MasterCard is extending its zero-liability policy in the U.S. to include all MasterCard PIN-based purchases and ATM transactions, the company announced May 28. The network has provided similar protections on signature debit and credit card transactions for quite a while. The major card networks have...
Just as companies diversify to grow and succeed, so, too, are data thieves. New research from security firm Trustwave shows how personal information such as customer records increasingly are on crooks’ malware radar screens.
