credit card breach: Should You Worry About Contactless Credit Card NFC Skimming - 01/09/19 07:17 AM
If you have a contactless card, you might have worries about skimming. A contactless card or “frictionless” or “tap and go” is a card that has technology in it that allows payment over secure wireless like Apple Pay, Android Pay etc. Basically, this is where a criminal literally digitally pickpockets you by scanning things like your debit card or passport. What’s scary about this is that anyone can get an app for their phone that will allow them to skim. Is there protection for this? Maybe.
But before you freak out, you probably don’t even have a contactless card. Very few cards … (2 comments)

credit card breach: The Switch to the Chip Card – One Year Later - 11/02/16 12:05 AM
The October anniversary of the liability shift has passed, and anniversaries are an excellent time to look back on progress…this is no exception. The U.S. EMV migration plan was set four years ago as a way to fight card fraud and to protect both consumers and merchants.
Back in the day, we had one choice when we wanted to purchase something, and that was cold, hard cash. However, a few decades ago, people began using credit cards for everyday purchases instead of for only big ticket items, such as refrigerators. Though this was certainly convenient, it also opened the door for the … (3 comments)

credit card breach: Carders cashing out on Magstrip Cards - 06/29/16 11:52 PM
Two thousand credit card payment terminals stand to become infected with malware called Trinity point of sales.
Ten million credit cards were stolen by hackers, called Fin6, who may end up scoring $400 million. The cards were stolen from retail and hospitality businesses. If each card sells for $21 on secret carder shops, you can see how the hackers will rake in hundreds of millions of dollars.
As you may know, the U.S. is gradually switching over to chip cards. But it will be a while—a very long while—before magnetic strip cards are non-existent in America. Until then, these types of cards remain … (10 comments)

credit card breach: 20 Security Tips For Overseas Travelers With Credit Cards - 12/15/15 10:02 PM
Thinking of bringing a credit card with you on your travels? You can end up in a jam: You just treated your extended family to fine dining in France. Time to pay; your credit card is declined.
If you try to make a purchase overseas, your credit card company might think it’s fraudulent, since it would appear anomalous, relative to your usual, U.S. purchases.
So before you leave for your trip:
Back up credit card data. It’s always important to have a backup of your card data, both online and in print. Photocopy each card and carry with you or store in your … (1 comments)

credit card breach: How to build up or rebuild your Credit - 02/10/15 09:17 PM
After taking all the necessary steps to Fixing a Credit Report after being hacked, it is then tome to rebuild your credit. Bad credit is bad credit no matter how it happens. No matter how responsible you are with your money, you won’t get a loan if there’s no evidence of this. The evidence comes from having credit. You need to show lenders you can be trusted.
Every time you apply for a credit card, this puts a dent in your credit score. In other words, it can negatively affect your scores especially if there are lots of credit checks … (2 comments)

credit card breach: Card Company's boosting Payment Security with Mobile - 12/17/14 09:02 PM
Whoever thought that one day, paying with green paper would be viewed as primitive as a horse and buggy? We seem to be getting closer to that time, especially since the security of making payments via smartphone is always being improved.

One way is with fingerprint scanning. Some smartphones already have this biometric feature. But what about credit cards and biometrics? Visa is currently experimenting with biometrics, but nothing yet has been deployed to the public. Nevertheless, a credit card company trying to develop something with biometrics will likely need to get involved in the smartphone arena.
There will always … (0 comments)

credit card breach: Chip and PIN, will It save Us - 12/16/14 08:45 PM
Many Americans, says a recent survey by Gallup, worry about a data breach connected to the use of their credit cards. Interestingly, many people use a credit card for everything under the sun: even just a soda and bag of chips from the convenience mart. The more you use a credit card, the more likely it will be compromised by cyber thieves.

The magnetic stripe technology for credit cards makes them so “hackable.” One way to help prevent credit card crimes is to implement a chip-and-PIN technology. It’s been touted as a sure way to keep crime at bay. But … (1 comments)

credit card breach: The Credit Card Fraud Mob Boss - 11/25/14 09:00 PM
There once was a guy named Albert Gonzalez who dressed like a woman—but not because he got off on this, but because he wanted to conceal his actual appearance while he used a ream of phony cards to steal money from an ATM in 2003. A cop noticed the activity and didn’t quite buy the disguise.

The police officer nabbed the thin, disheveled Gonzalez, and it turned out he possessed a computer at his New Jersey home loaded with stolen card data. He was also a moderator for, a site for cybercriminals on how to hone their skills.
Gonzalez … (0 comments)

credit card breach: 21 ways to Prepare your Credit Cards for Overseas Travel - 10/10/14 10:49 PM
Imagine being overseas, and in the process of using your credit card to make a purchase—and it’s declined—and you have no currency or checkbook. Nightmare.

The decline could be to prevent fraudulent use; perhaps it was recently reported lost, but then found or the country you are in is known for fraud. To clear this up, you must call the card company and tell them that the purchase you want to make is legitimate.
Realize that the card issuer cannot allow more transactions until they verify that the attempted charge is valid.
Prior to travel as well as during, there … (3 comments)

credit card breach: Identity thieves bombarding Call Centers - 09/24/14 11:28 PM
One out of 2,900 seems very small, but when there’s a total of 105 million…then this percentage stacks up in the end. It represents the frequency of calls from fraudsters made to call centers in an attempt to get customer account details so they could steal.

Many times these crooks will succeed by conning phone operators into altering personal details. The thieves will then commit ID theft, gaining access to customer information and even changing customer contact information so that the victims cannot receive alerts.
These clever cons spoofed their phone numbers to avoid detection, and used software to alter … (1 comments)

credit card breach: SEC comes down on Breached Companies - 08/31/14 11:07 PM
If you’re wondering if businesses, who’ve been targets of cybercrime, have been properly handling the fallout, you have company: The U.S. Securities and Exchange Commission.

The SEC is investigating this very issue. Key Questions Include:
Did the businesses adequately protect data? Were investors properly notified about the breach’s impact? One of the companies being investigated is Target Corp.
The SEC, historically, has concentrated on giving guidance to companies regarding disclosure of data-breach risks, and the SEC has traditionally also assisted with ensuring that financial companies were well-equipped against hackers.
But the SEC doesn’t like when there seems to be incomplete … (5 comments)

credit card breach: 10 simple Ways Identity Thieves steal your Credit Card - 05/06/14 11:06 PM
There are 10 basic ways a crook can easily rob your identity by getting at your credit card or open a new credit card in your name, but there are also ways you can prevent this from occurring.

Simple Thievery
Leave a window open and a thief can slide through, then steal your stuff. He can even slide an arm through your car’s open window while you’re filling the tank at a gas station. To prevent this, keep house windows closed as much as sensibly possible; keep important documents locked up; keep car windows rolled up and doors locked when … (4 comments)

credit card breach: Ways small businesses are preventing Breaches - 02/13/14 08:29 PM
How did that huge recent data breach of a major retailer occur in the first place? Well, valuables can’t be stolen if there aren’t any valuables to begin with. Large merchants will store customers’ credit/debit card data to facilitate faster transactions. But small retailers keep minimal or zero data—this will not attract thieves.

If customers want increased security of their card data, they’re going to have to give up the speedy transactions and automatic debits, because currently, they can’t have it both ways.
A smaller outfit may keep only the last four numbers of a credit card on file; no … (1 comments)

credit card breach: Older technologies facilitate credit card fraud - 01/19/14 08:14 PM
America the Superpower is also the super choice for criminals wanting to steal credit card information. Security experts warn that this problem will get worse before it improves.

That ancient technology of the magnetic strip on the back of credit and debit cards is a godsend to criminals. The easy-to-copy band stores account information using a technology the same as that of cassette tapes. U.S. credit card technology has not kept up with fraudsters. One challenge facing the industry is that it is very expensive for companies to upgrade their credit card security.
When a card is swiped, the strip … (1 comments)

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