Earlier this week, Microsoft Corp. launched an operation that the organization hopes will significantly eliminate cyber crime. According to a recent Reuters article, Microsoft’s efforts started yesterday under an order issued by a federal court in Nevada, which targeted traffic involving malicious software known as Bladabindi...
Visa and MasterCard are teaming up with wireless carriers like AT&T to cut down the average resolution time for fraud transaction claims. Using the GPS location of a card user, the credit card companies are testing methods that would readily solve cases where the cardholder...
AT&T is very confident that it will soon be able to use location-based information from customers’ cell phones to determine whether or not a credit card purchase was legitimate. So, how exactly does this type of fraud protection work? According to an AT&T press release,...
BioCatch, an Israel-based firm that uses an individual’s common tendencies when using online banking and eCommerce sites to identify potential fraud patterns, recently secured $10 million in Series A funding. The company plans to use the funds toward expansion in American and European markets.
PayPal has discovered a flaw in its two-factor authentication (2FA) system that would allow a motivated hacker to by-pass the system merely by switching the device’s internet connectivity on and off. PayPal explained the system flaw on its blog yesterday, as well as the measures...
There is no doubt that the Target breach was the catalyst for igniting EMV in the US. But why did it take such an extreme event to move merchants and issuers into an EMV frame of mind? In a recent podcast interview, MPD CEO Karen...
New debit card issuer research from Pulse found that 84 percent of U.S. financial institutions reissued cards as a result of the recent data breach at Target. That’s up from the typical year when just 29 percent that reissue all cards exposed in a breach....
Outside of the television program Breaking Bad, car washes are almost never threatening or frightening things, and are certainly not the kind of places most consumers tend worry about when it comes to credit card fraud. Which is exactly why it is the type of...
Facebook engineer Greg Stefancik has made his opinion about biometrics known. In an interview with The Australian, Stefancik said that the technology is no good as an authentication method because of its irrevocability. Additionally, the engineer told Computer World that he wants to eventually move...
