ITProPortal.com / Tag - Card Transactions

Card fraudsters going back to the real world

Steve Gold — Thu, 23 Oct 2008

There was an interesting feature on the Emirates businesswire last night about the recent spate of credit and debit card frauds in the region and how - it seems - card fraudsters are stepping back from the online world and back to the bricks and mortar arena when it comes to extracting card data.

Can quantum computing be used to tackle payment card fraud?

Steve Gold — Mon, 20 Oct 2008

There was an excellent piece in the Telegraph yesterday about how researchers at HP's labs in Bristol have harnessed the power of quantum physics to make online payment card transactions more secure.

Lloyds-TSB extends its mobile phone alerts service

Steve Gold — Mon, 20 Oct 2008

Interesting to see that Lloyds-TSB has started extending its useful automated mini-statement facility for customers to include a text message every time your payment card is used outside of the UK.

Chip & SPIN: serious fraud comes home to roost

Steve Gold — Mon, 13 Oct 2008

I was intrigued to see over the weekend that EU law enforcement officials have uncovered a sophisticated scam involving GSM transmission units being pre-installed in Chip & SPIN terminals manufactured in China.

The fraud potential of unregistered credit cards

Steve Gold — Mon, 06 Oct 2008

Interesting to read a story on the South American newswires that, whilst 20 per cent of credit cards issued in the US never get activated, MasterCard reckons this percentile doubles in other markets, even hitting 50 per cent in South America.

PCI 2.0: Secure Cardholder Data

Team Applicationsecurityinc — Thu, 18 Sep 2008

As we brace ourselves for the release of PCI 1.2, it is as good a time as any to think about how PCI could be improved.

Indian card fraudsters make EFTPOS machines go off-line

Steve Gold — Tue, 09 Sep 2008

There's an interesting card fraud taking place in India, where - if the newswires are to be believed - a group of hackers have developed a card cloning technique that also makes the EFTPOS machine being used for a transaction go offline.

Hackers crack Middle-Eastern credit network

Steve Gold — Mon, 08 Sep 2008

I was interested to read over the weekend that a group of professional hackers are thought to have cracked into a credit server network in the United Arab Emirates in order to make unauthorised credit and debit card purchases in the US

PCI 2.0: High Time For A Root-and-Branch Review

Team Applicationsecurityinc — Mon, 08 Sep 2008

As we brace ourselves for the release of PCI 1.2, it is as good a time as any to think about how PCI could be improved

Credit/Debit card bully boys squash RFID security expose

Steve Gold — Wed, 03 Sep 2008

My thanks to the BitTech newswire for publicising an interesting YouTube posting from this summer's 2600/HOPE hacker conference in which Adam Savage of Mythbusters fame revealed what a set of bully boys the credit and debit card companies are.