Eastern Europe is proudly refining its reputation as the world’s top cyberthief place of business, as a group of Russian thieves was accused Tuesday (Aug. 5) of what is possibly the largest high-tech swindle to date. The take? About 1.2 billion usernames and passwords in addition...
Target’s databreach is the gift that keeps on taking. Almost eight months after the chain disclosed its huge databreach, it’s still paying for the cleanup. Target announced Tuesday (Aug. 5) that for its current quarter, which ended Aug. 2, another $148 million in cleanup costs...
Online crooks are getting more sophisticated by the second. Nowadays, fraudsters have the ability to conduct “clean fraud,” obtaining legitimate identities of users from the black market or data breaches to compromise a victim’s card account. Malware, too, is becoming more sophisticated both in the...
In a statement released Monday (August 4), restaurant chain P.F. Chang CEO Rich Federico confirmed that the data breach reported in early June 2014 affected 33 locations at the chain nationwide. The cyber attack hit the Chinese bistro’s payment card processing systems and cybercriminals were...
Every month the same scene plays out at kitchen tables across America—parents receiving their bank statement or credit card bill are suddenly struck by blind dread and horror as they realize that their children have somehow spent most of their monthly salary buying in-app upgrades...
A lawsuit from the U.S. Federal Trade Commission filed against a group of ISOs on Wednesday (July 30) reads like a how-to guide for ripping off the card brands, as it details the fraud techniques the ISOs are accused of using to sidestep Visa and...
The good news: in the not to distant future, consumers will be able to run the dishwasher, turn on the light and lock the doors remotely with the tap of a button from a smart phone. The bad news: in the not too distant future,...
An important part of fleet management is ensuring that the recorded mileage is actually the mileage that was driven for a delivery. This ensures that all parties involved are paid properly and that the fleet management firm’s invoices remain accurate. But what happens when there...
Ohio-based company Diebold recently launched what it claims to be “the world’s most secure anti-skimming card reader” called ActiveEdge. The product works by shifting a card’s insertion angle by 90 degrees, which helps it “thwart devices installed on ATMs to steal the information on a...
