Scanned IDs of 119,000 FedEx customers exposed online

An unsecured Amazon Web Services bucket holding personal information and scans of IDs of some 119,000 US and international citizens has been found sitting online by Kromtech security researchers earlier this month. The stored data had been stockpiled by Bongo International, a company that specialized in helping North American retailers and brands sell online to consumers […]

Cybercrime shifts: Rise of Russian cybercrime, attacks on cryptocurrency marketplaces

Cryptocurrency marketplaces, designed to facilitate trading on the full range of digital currencies, are experiencing a range of fraudulent activity. The world of cryptocurrency has moved from being the playground of the criminal underworld to be a prime target for attacks on legitimate transactions, according to the Q4 2017 Cybercrime Report by ThreatMetrix. Fraudulent new accounts […]

Most top US and EU e-retailers are putting their consumers at risk

A new study by 250ok has revealed that 87.6 percent of the root domains operated by top e-retailers in the United States and European Union are putting their brands and consumers at risk for phishing attacks. Phishing and spoofing attacks against consumers are most likely when companies don’t have a published Sender Policy Framework (SPF) or Domain-based Message […]

Online Fraud Increases 22% During Holiday Season

Online fraud attempts and general retail transaction volumes increased substantially during the 2017 holiday season, according to new benchmark data from ACI Worldwide. Fraud attempts in the period from Thanksgiving Day to December 31 increased by 22 percent, while the number of overall transactions increased by 19 percent. Fraud attempt rates were highest on Thanksgiving Day (1.94 percent, […]

What do consumers value more, online security or convenience?

Read Brad Allen write about the  clear divide between online adopters and skeptics and how it raises challenges for the retail and financial services industries on Star Tribune : When Pat Alexander read about the Equifax data breach, the 58-year-old former computer programmer from Roseville was not surprised. She had seen enough in her 15 […]

Cyber-attacks made easy as nearly half of companies fail payment security

Almost half of companies around the world failed to comply with payment security regulations, risking their future ability to take card payments. Read about the new Verizon’s Payment Security Report which reveals that 45% of all companies assessed didn’t comply with the payment card industry rules on CBR Online.

Payment card security standard compliance and cyberattacks

With cybercrime on the increase, payment card security is increasingly a focus for companies and consumers alike. The Payment Card Industry Data Security Standard (PCI DSS) is there to help businesses that take card payments protect their payment systems from breaches and theft of cardholder data. Read the findings from the Verizon 2017 Payment Security […]

Risky business: Here’s why your payment system may be vulnerable to cyberattack

Read why Alison DeNisco says that payment system of retailers are still vulnerable to cyber attack on Tech Republic : As cybercrime rates continue to rise, firms must pay attention to payment card security to avoid a potential breach and the theft of cardholder data. Enter the Payment Card Industry Data Security Standard (PCI DSS), which […]

Enterprises (especially retail, hospitality) struggle with payment card data security standards

Enterprises are complying with the Payment Card Industry Data Security Standard (PCI DSS) more, but the number of organizations in compliance is still low enough to leave the door open for cyberattacks, according to Verizon. Read abou the new Verizon report which highlights that more organizations are compliant with PCI DSS, but companies still struggle with […]

UK Retail Data Breach Incidents Double in a Year

The number of UK retailers experiencing data breaches has doubled over the past year, according to new stats shared by law firm RPC. The City-based firm claimed that the number of breaches reported to data protection watchdog the Information Commissioner’s Office (ICO) increased from just 19 in 2015/16 to 38 in 2016/17. Read about the new […]