If you’re talking about the internet, online transactions, and electronic payments, unfortunately, you don’t have to wait for winter for it to be “bug” season – there are always plenty of “viruses” and contagions to command your interest!
Tag: credit card security
Card News Roundup: Home Depot and Other Breaches; Millennial Trends
Fall usually brings its own busy-ness after the general sweet slowness of summer, and our current September is no exception. There are changes afoot in the payments business, notably the coming of EMV Cards here in America, their arrival hastened by the constant headlines about all-too-noteworthy security breaches in the news.
A Handy AVPS Guide to Point-of-Sale Security, Pt. II: Mitigation & Protection
Last week, we mentioned card issuer alerts calling for more vigilance on the part of merchants to “shore up” their Point-of-Sale systems, in an age of increased hacking, breaches, and network intrusion. This lack of security has resulted in some unfortunately spectacular “virtual break-ins,” like the Target breach and the ones that followed, resulting in the information for millions of customers being pilfered, compromised, and sold not only to the “highest bidder,” but to whoever meets the price of those vending the data.
Updates: California Senate Lets EMV Law Lapse; The State of Security
We wanted to update you on an item we ran last week, wherein California’s State Senate was on the verge of issuing its own mandates for a switch over to EMV standards in card transactions, setting April 1, 2016 as the date.
However, according to a report in Computerworld, “the full Senate missed the voting deadline of May 30, ending its chances of passage until a new legislative session begins.”
EMV Vote In California While MasterCard Announces “Zero Liability” for PINs
The push for those chip-carrying EMV cards, which would make it more difficult for fraudulent transactions to occur, continues apace. In California, the State Senate is advancing a bill that would make April 1, 2016 — no fooling! — the date by which both retailers and card issuers would need to support the chip-and-PIN standard.
After The Breachin’: Chip-and-Pin Comes to Target
As was pointed out about the recent Heartbleed security hole that was so pervasive, it presented a chance — bad as it was — for a lot of companies to reinvent and update their security protocols, for consumers to opt in for “double login” options on various accounts (a password and a PIN, say), and for the general level of security, web-wide, to be enhanced.
“Heartbleed” Follow-ups: Web slowdown coming? Plus: Your Hand as a Credit Card
It’s no secret that news on the internet commerce / security / hack & bug front is “breaking” more fast and furiously than we’d like it to. But we’re determined to keep you updated so the surprises you have to plan for can be… a wee bit less surprising.
The OpenSSL / “Heartbleed” Bug: Biggest “Hack” Yet?
Well, readers, this is the kind of news we wish we didn’t have to report. On the heels of the weeks and months reporting the details of the too-large Target and Neiman-Marcus data hacks, comes news of what may be the internet’s biggest security glitch… ever.
2014: The Year of the Breach?
We certainly hope not. But the FBI isn’t so sure. A recent Washington Post article states that “nearly two dozen companies have been hacked in cases similar to the Target breach and more almost certainly will fall victim in the months ahead, the FBI recently warned retailers,” this “according to an official who was not authorized to speak publicly.”
