Carders cashing out on Magstrip Cards

Two thousand credit card payment terminals stand to become infected with malware called Trinity point of sales.Ten million credit cards were stolen by hackers, called Fin6, who may end up scoring $400 million. The cards were stolen from retail and hospitality businesses. If each card sells for $21 on secret carder shops, you can see how the hackers will rake in hundreds of millions of dollars....more

20 Security Tips For Overseas Travelers With Credit Cards

Thinking of bringing a credit card with you on your travels? You can end up in a jam: You just treated your extended family to fine dining in France. Time to pay; your credit card is declined.If you try to make a purchase overseas, your credit card company might think it’s fraudulent, since it would appear anomalous, relative to your usual, U.S. purchases.So before you leave for your trip:...more

Credit Card Fraud isn’t the same as Identity Theft

Just as important as taking down the decorations, throwing out all the debris from opened gifts and getting the house back in order after the holiday activities, is that of scrutinizing your credit card statements.Why? To make sure that all the purchases on there were made by you and only you. The holiday season means more credit card use = more identity theft. In this case, it’s “account takeover.”...more

Chip and PIN, will It save Us?

Many Americans, says a recent survey by Gallup, worry about a data breach connected to the use of their credit cards. Interestingly, many people use a credit card for everything under the sun: even just a soda and bag of chips from the convenience mart. The more you use a credit card, the more likely it will be compromised by cyber thieves....more

The Credit Card Fraud Mob Boss

There once was a guy named Albert Gonzalez who dressed like a woman—but not because he got off on this, but because he wanted to conceal his actual appearance while he used a ream of phony cards to steal money from an ATM in 2003. A cop noticed the activity and didn’t quite buy the disguise....more

21 ways to Prepare your Credit Cards for Overseas Travel

Imagine being overseas, and in the process of using your credit card to make a purchase—and it’s declined—and you have no currency or checkbook. Nightmare.The decline could be to prevent fraudulent use; perhaps it was recently reported lost, but then found or the country you are in is known for fraud. To clear this up, you must call the card company and tell them that the purchase you want to make is legitimate....more

10 simple Ways Identity Thieves steal your Credit Card

There are 10 basic ways a crook can easily rob your identity by getting at your credit card or open a new credit card in your name, but there are also ways you can prevent this from occurring.Simple Thievery...more

Ways small businesses are preventing Breaches

How did that huge recent data breach of a major retailer occur in the first place? Well, valuables can’t be stolen if there aren’t any valuables to begin with. Large merchants will store customers’ credit/debit card data to facilitate faster transactions. But small retailers keep minimal or zero data—this will not attract thieves....more

Older technologies facilitate credit card fraud

America the Superpower is also the super choice for criminals wanting to steal credit card information. Security experts warn that this problem will get worse before it improves....more

How to Handle a Credit Card Breach While Abroad

One of the best and worst parts of traveling overseas is being immersed in a different language. My wife and I once got lost in Naples, Italy. When we pulled over and asked a stranger for directions, he answered in rapid Italian, which we don’t speak. We had no idea what he was saying, but were mesmerized just watching him talk. After two minutes he stopped, so we said “Grazie!” and kept moving. Now imagine if you had to deal with credit card fraud in a foreign country, and couldn’t find any English-speakers to assist you....more
Menu