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.
Tag: credit security
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.
More Credit Fraud — But More Potential Security, too
The news in credit cards this week is kind of yin/yang, straddling both sides of the security fence. On the one hand, there’s news of another breach, this one affecting the St. Louis- based Schnucks Market chain, which confirmed an April 15 “hack” affecting 2.4 million credit and debit cards, used at nearly 80% of its 100 stores. Track 2 card numbers and expiration data were were breached in specific stores, and depending where your customers are based, they may not be affected at all.
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.”
