Skimming, Identity Theft and How Online Business Defend Against Cybercrime

Over the past 5 years a scam known as electronic funds transfers at the point of sale (EFTPOS ) or skimming has been prevalent. Consumers commonly swipe both credit and debit cards through the in-store machines to pay for goods and services and hackers have been adept at coming up with ways to skim those customer cards....more

What Security Benefits Does Contactless Technology Offer?

Contactless technology offers many benefits, including faster and easier transactions, versatility to be incorporated into various personal devices including mobile phones, and improved data security over the magnetic stripe technology....more

Merchants at Greatest Risk For POS Skimming Fraud

Over the past 5 years a scam known as electronic funds transfers at the point of sale (EFTPOS ) skimming. People commonly swipe both credit and debit cards through the in-store machines to pay for goods and services and hackers have figured out how to skim customer cards.BankInfoSecurity reports “The news is just one in a growing line of POS skimming fraud schemes. From the Michaels POS PIN pad swapping scam, which hit in May, to the Save Mart Supermarkets self-checkout breach announced in the last two weeks, merchant-level card security is garnering new attention.”...more

Supermarket Skimming Scam Highlights Retailer Risk

A California supermarket chain recently sent letters informing customers that a security breach had been discovered at 20 of their stores. The breach notification letter released by Lucky Supermarkets reads, in part:“Dear Lucky Customer:...more