Several Eastern European banks have started notifying their customers in the beginning of last week that their cards have been blocked and will be replaced with new ones. Most of the banks did not give out any more details about what happened, and in m…
Romanian bank blocks 17,000 cards in security scare
A Romanian bank has blocked 17,000 cards after Visa and the Romanian Banks Association reportedly discovered a possible database security breach at a European payments processor.
Romania Business reported CEC Bank has blocked the cards after Visa recei…
FBI charges Anonymous members with PayPal DDoS
The FBI on Wednesday charged 14 people, mostly twenty-somethings, for their alleged involvement in an Anonymous-inspired attack on the PayPal website in December.
The hackivist collective Anonymous issued a call to arms last year after a number of corp…
Popular Australian e-commerce fraud suburbs revealed
New data collated from about 2 million Australian credit and debit cards reveals the popular suburbs in which e-commerce fraud has been attempted, using internet-connected computers.
E-commerce fraud involves a criminal using a stolen credit or debit …
Visa exec: data thieves still hungry, active despite tighter security
The data breach of Sony’s PlayStation Network notwithstanding, the frequency of major data breaches of companies that store massive of amounts of consumer data has been on a downward trend over the past couple of years.
Security experts say that’s lar…
Mobile phone e-wallets get closer to reality
Visa to roll out mobile payment system that lets people add a microSD card to their smartphones to make payments. It touts the system as safer than using a plain old credit card.
Visa’s chip-and-PIN exemption rules given cautious welcome
Good news for shopkeepers
Visa has relaxed its regulatory rules so that European high street merchants who capture at least three-quarters of their take through EMV-enabled chip-and-PIN terminals will no longer have to pass Payment Card Industry Data S…
Visa pushes for new authentication system
“To prevent fraud in card transactions from happening, issuers must shift from static data authentication (SDA) to the dynamic data authentication (DDA),â€? Michael E. Smith, Visa’s head for risk management for Asia Pacific, Central E…
FBI in hunt for pro-WikiLeaks hackers: report
The FBI has joined the hunt for hackers who took down websites like PayPal, after they stopped processing payments to whistle-blowing website WikiLeaks, US media reports said Friday.
The Smoking Gun website published five pages of an FBI affidavit, de…
