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 […]

Hacked in just six seconds: How criminals only need moments to guess card number and security code

Criminals can work out the card number, expiry date and security code for a Visa debit or credit card in as little as six seconds using guesswork, researchers have found. Experts from Newcastle University said it was “frighteningly easy” to do with a laptop and an internet connection. Read how security experts at Newcastle University could hack […]

Cyber strikes expose vulnerabilities of our financial system

Read why cyber strikes expose vulnerabilities of our financial system on The Sunday Guardian : ATM attacks have emerged as a significant roadblock to Digital India with 30 lakh debit cards being reportedly compromised in recent cases of ATM frauds. The ATM attack episode that came to light after State Bank of India announced reissuing […]

Over Two In Five Brits Feel More At Risk Of Cyber Hack From Smartphone Payments Than A Year Ago

New research has revealed over two fifths of UK consumers (43%) today feel more at risk when paying for items and services on their smartphone compared to a year ago.With data breaches and cyber-attacks hitting the headlines more so than ever before, it’s hardly surprising that consumers are fearful over the safety of their valuable […]

Federal Reserve Officials Warn About Cybersecurity Threats to Payment Networks

Cybersecurity threats are growing quickly for the payment networks of the U.S. financial system, Kansas City Federal Reserve President Esther George said in remarks that did not address the outlook for the U.S. economy. Speaking on Wednesday at a conference in Chicago on the payments system, George warned that the growing threats were undermining public confidence […]

Chip cards gain steam, forcing hackers to get crafty

Love to hate them or hate to love them, the chip card just had a birthday. Since last October’s rollout, however, the switch from traditional “swipe” cards to this more secure method has not been entirely smooth. “We’ve certainly had our bumps, which most of us expected,” said Julie Conroy, a research director covering fraud, data security […]

Risky business: High financial costs for payment breaches at small retailers

Businesses that process payment cards have risk points that non-merchants do not. Exposures involving payment card data bring with them additional financial penalties, an entirely new set of compliance mandates and obligations to respond that are different from those used in conventional data breaches. Read how high financial costs for payment breaches at small retailers are […]