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

Gemaltos' "EMV For a Week Challenge," starts now!

As part of Gemalto’s #ChipAwayAtFraud campaign, I’m being tasked with numerous tasks, some tacky, some essential to living. Gemalto, one of the world’s leaders in digital security, wants a real-world take on the EMV card experience. Which includes the security benefits EMV cards presents. You know EMV; it’s the “chip” credit card that by now, you should have. EMV by the way stands for Euro/MasterCard/Visa. The Euro part essentially means that’s where the card was first deployed....more

10 Ways to protect Yourself while traveling

Some thieves specialize in hanging around tourist spots to spot the tourists and make them victims of hands-on crime such as purse snatching or a mugging. But don’t wait till you’re aimlessly wandering the piazza with your face buried in a huge map to take precautions against less violent forms of crime....more

10 credit score truths and myths

If your personal information gets compromised, a thief will open up financial accounts in your name. However, they will not pay the bills, and this will ruin your credit.Whether bad credit results from the legitimate credit holder’s irresponsibility or from identity theft, your ability to buy a car, rent a nice place, purchase a home or even get employment can be severely stifled....more

67% of Companies Fail Credit Card Security Compliance

All merchants who accept credit cards are now subject to strict Payment Card Industry standards, rules, and regulations, which require a level of security that took about five years to finally implement.   PCI exists to increase credit card security and, among other goals, to stave off government intervention. While significant effort has been made to improve the security of credit card data processing, adequate attention has yet to be given to the identification, authentication, and accountability of cardholders.  ...more

Security Expert’s Credit Card Hacked

An excellent way to improve one’s level of security intelligence is to follow the writings of Robert X. Cringley, one of my favorite technology know-it-alls. Anyway, Cringley’s credit card was recently hacked. And if his card can be hacked, anyone’s can. Like many cardholders, Cringley received a notification from his credit card company’s fraud department, informing him that his card data was being used overseas, on an online dating website....more
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