Cyber attacks on online retailers double in a year as hackers try to steal shoppers’ details

The numbers of online shops hit by serious losses of customer data has doubled in the past year as hackers try to plunder retails sites for valuable personal details, a law firm has warned. Read why Jeremy Drew of RPC law firm says that retailers are high risk as hackers are doubling their attacks on Telegraph.

Survey: Consumers Concerned about Card Security Even as Fraud Rate Falls

Efforts by financial institutions to secure card payments and prevent fraud appear to be paying off, according to a recent survey commissioned by Transaction Network Services. Forty-six percent of Americans believed their payment data has been put at risk by a data breach, down from 60 percent in 2015. Read about the new report by […]

Survey: Consumers Concerned about Card Security Even as Fraud Rate Falls

Efforts by financial institutions to secure card payments and prevent fraud appear to be paying off, according to a recent survey commissioned by Transaction Network Services. Forty-six percent of Americans believed their payment data has been put at risk by a data breach, down from 60 percent in 2015. Read about the new report by Transaction […]

Thales: Data Breaches Start To Fall Yet 88% Of Retailers Still Consider Themselves Vulnerable To Data Threats

Thales, a leader in critical information systems, cybersecurity and data security, announces the results of its 2017 Thales Data Threat Report, Retail Edition, issued in conjunction with analyst firm 451 Research. According to U.S. retail respondents, 52 percent have experienced a data breach in the past. Read about the new 2017 Thales Data Threat Report, […]

Costlier metal EMV cards may be worth their weight in retention

Read why Kate Fitzgerald says that the new and costly metal EMV Payment Cards are well worth their cost when it comes to cyber crime on Payments Source : An influx of metal credit cards continues, with Capital One now encasing its popular Venture travel Visa card in metal, raising new questions about whether the […]

Even after a breach, most merchants don’t change their fraud prevention strategies

Two out of three merchants fail to make any changes to their fraud prevention strategies even after they suffer a data breach, according to a merchant survey that also found those merchants are more concerned with reputational damage from a breach than the actual loss of data. Read about the new research titled Kount Mobile Payments […]

How to minimize the risk of a credit card hack

Another retailer says it’s been hacked. Kmart is urging customers to check their credit and debit cards after a “malicious code infected the payment data system.” Whether you shopped at Kmart or any of the other stores who faced massive breaches, one thing is for sure, we can’t depend on retailers to protect our cards. Read/see […]

2017 Predictions: Convergence of mobile, payments and security in 2017

The universe of mobile and connected devices is expanding at a rapid rate, leading to the proliferation of data transmission between applications, devices and enterprise systems. According to a recent IDC report, there are more than 1.4 billion smartphones worldwide, with that number expected to increase to more than 1.8 billion by 2020. Read about […]

Top 6 Payment Card Data Breaches of 2016

A large amount of data breaches have taken place throughout 2016, some of which were organized by criminals looking to collect sensitive payment data. Credit and debit card details were stolen from various companies and platforms, causing a lot of financial damage. Read about top six payment card data breaches of 2016 on The Merkle.

55 Percent of Consumers Would Respond to a Retailer Breach by Switching to Cash

According to the results of a recent survey of 1,000 adults in the U.S. and the U.K., 55 percent of respondents would switch to using only cash at a retailer if they learned that its systems had been hacked and credit card data stolen. Read about the new survey by Thales e-Security which found that nearly […]