credit card fraud

Travel dilemmas: "Smart card" wise to PIN thieves too

Every transaction carries some risk, security experts agree, but the agent seems to have conflated a couple of security concerns. Chipped cards — or “smart cards” — are the standard in much of the world, but not in the United States. They’re beginning to creep into use here, especially as consumer demand for them grows. They come in two varieties: Chip and PIN, and Chip and Signature (the latter recently issued by Bank of America to Alaska Airlines VISA cardholders). The PIN is the more secure of the two.
U.S.

How much should you trust your mobile phone?

Even though we don’t mind passing our credit card details over the phone to the local pizza franchise or allowing our cards to be swiped after a meal, there still seems to be a major concern from customers with the potential security threats posed by “mobile money.”

We are becoming more dependent on and integrated with our mobile phones.
U.S.

How much should you trust your mobile phone?

Even though we don’t mind passing our credit card details over the phone to the local pizza franchise or allowing our cards to be swiped after a meal, there still seems to be a major concern from customers with the potential security threats posed by “mobile money.”

We are becoming more dependent on and integrated with our mobile phones.
International

How do I get a personal digital security device?

Your online service provider-your bank, broker, auction site-has to make it available to you. Some banks, like Vietcombank in Asia and Barclays in the UK, offer devices to their customers for more secure use of online banking. Users insert their EMV credit or debit card into the device, and a one-time password is generated. This one-time password is then used along with the username and PIN to gain access to online banking. Ask your bank if they offer, or plan to offer, such a device.
International

Phishers introduce 'Chat-in-the-Middle' fraud tactic

Phishers don't just want to "bank with you", they also want to talk you into revealing the answers to your 'secret' questions, next to more sensitive information that would help them gain access to your online bank account.

A new ‘Chat-in-the-Middle' fraud tactic was recently discovered by the RSA FraudAction Research Lab, according to which the phishing site intercepted is using the hosting services of a well known managed cybercrime network, with the campaign itself in an apparent test mode since they've only detected a single instance of the attack.

U.S.

Hacker Gonzalez pleads guilty to 20 charges

Hacker Albert Gonzalez, accused of masterminding the massive data thefts at BJ's Wholesale Club, TJX and several other retailers, has pleaded guilty to 19 charges related to computer hacking and credit card fraud, the U.S. Department of Justice said.

Gonzalez, 28, of Miami, was a member of a group of hackers that stole more than 40 million credit and debit card numbers from TJX, BJ's Wholesale Club, OfficeMax, Boston Market, Barnes & Noble and Sports Authority, the DOJ said.

U.S.

Hacking Suspect’s Lawyer Criticizes Federal Prosecutors

Albert Gonzalez, a suspect in several hacking cases, was close to reaching a comprehensive plea agreement with federal prosecutors in Massachusetts and New York when federal prosecutors in New Jersey indicted him on Monday on a new raft of computer crimes, said Mr. Gonzalez's lawyer, Rene Palomino Jr.
U.S.

" ATM 'skimming' threat grows as economy worsens"

Privacy experts, banks and others are warning consumers about another threat to their personal financial information: electronic "skimming" devices that record credit-card and debit-card numbers at ATMs, gas pumps or vending machines.

Using tiny technology disguised as part of the machine, the thieves then press new cards with customers' numbers and run amok, to the dismay of cardholders such as Kristin R. Kyriakos, 29, of South Baltimore, who returned from vacation Monday to find numerous bank overdraft notices in her mailbox.

U.S.

I heard that Visa is offering some new credit card fraud protection that uses cell phones. How does it work?

Wouldn’t it be great to get a message every time something is charged to your credit card?  Visa is testing this interesting idea, working with PNC Bank, SunTrust Bank, U.S. Bank, Wachovia and Wells Fargo in the U.S.
U.S.
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