When this post first appeared last summer, we called it “The Breach Days of August,” sounding various alarums from what had been the just concluded Black Hat conference in Las Vegas (a gathering of mostly “white hat” hackers). In what surely...
Often, we wish the news would be otherwise: Surely something other than yet-another-lapse- in-data-security must be in the payments news cycle. Well there is. But there’s also the lapse. In payments news, we see that the Fed has issued a progress report on its...
A recent study by ACI Worldwide and the Aite Group has found that upwards of 30% of global consumers have been victims of some type card fraud in the past five years. Statistically then, this has happened to almost a third of the people reading this very article....
Unfortunately, both this week and next, we have a couple of scams affecting merchants to warn you about, either trying to pry money out of merchants directly, through phony invoices, or to get that money from your customers by “skimming” their credit card information....
“‘My dry cleaner isn’t worried about someone using counterfeit cards at his cash register,’ he said, noting that many businesses meanwhile discount the chances that hackers will siphon customer cards by sneaking malicious software onto point-of-sale devices — a...
