Yes, there’s more to report on the Target Breach and its fallout. We know, as Pymnts.com columinist Karen Webster wrote, that “The Target data breach is old news to most people by now, but the ’terrible roars’ unleashed by those responsible for this breach will be heard throughout the payments industry for years to come. And, the marks left by the ‘terrible claws’ on the future of retail payments and consumer payment habits may in fact become indelible.”
Tag: credit card security
The Science of Credit Card Fraud
We take a brief break from the general cheeriness of our holiday reportage. If you haven’t seen it, PBS’ “Nova” — the science reporting show — had an article on their website from one of their contributors about how his identity was hacked, and used in an attempt to run up credit card charges.
Will Convergence, and New Tech, Help Reduce Fraud?
The first appeared on the Small Business Trends website, and is a very useful, practical listing of “12 Tips for Merchants to Fight Credit Card Fraud at the Point of Sale.” Among the helpful pointers are the suggestion to actually compare signatures on the slip (or screen) versus the card — a practice which has fallen out of favor — and watching out for large sales, or seemingly distracted customers, rushing a purchase right at closing time.
Another “Phantom Menace:” Contactless Charges
This is a follow up on a couple of recent items we’ve had here lately, about security not only in an age of mobile technology, but security in an age where information between devices can be transferred with a literal “touch,” or “bump.”
Of Security and Summer Destinations
Of Security and Summer Destinations Credit Card News Synopsis We watch the credit card news so you don’t have to.…
Your Credit Card Could Start Literally “Leaking” Data in the Smartphone Era
By way of a heads-up comes this news from Canada, and reported in the northerly edition of Huffington Post (and later picked up in Forbes’ credit card “round up” column). We’ve mentioned those embedded chips that are due to replace magnetic strips on most credit cards (and have to a large extent in Europe — where the upgraded plastic is the “EMV” standard we’ve written about here before).
Fallout Continues from Recent Global Payments Breach
The recent security breach reported by Global Payments — as previously discussed here — continues to leave the payments industry searching for clues as to what went wrong this time, and what can be done to prevent a “next time.”
