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How US Mobile Leverages Digital Identity To Protect Against SIM Swap Fraud

PYMNTS

Such security methods can be critical to preventing fraud that targets mobile users, of which one of the most prevalent types is SIM swap fraud. Once you have that blank SIM card, all you need to do is convince the carrier to transfer a phone number to that same card, and that's it. Why Fraudsters Swap SIM Cards.

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Earl Enterprises Acknowledges Data Breach Of 2M Cards

PYMNTS

Buca di Beppo , the Italian restaurant chain, reportedly knew about a data breach that resulted in two million credit card and debit numbers being stolen since Feb. KrebsOnSecurity said credit and debit card accounts from Earl Enterprises restaurants were up for sale as of Feb. 21 — but waited until the end of March to reveal it.

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Taking On Card Declines With Interoperability

PYMNTS

Merchants are facing a sizable number of card declines, which are stubbornly averaging at around 15 percent. The merchant is concerned about how reprocessing a transaction might impact their own relationship to the card network and to their processing partner. That challenge is not lost on FinTech startups.

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Tech, Global Network Of Merchants Can Combat Ecommerce Fraud

PYMNTS

Emailage, the email risk assessment company, has found that during 2016 $1 billion in fraud was stopped by using technology and a syndicated network of global merchants. With the rapid changes to the payment space driven by mobile devices, EMV and other solutions, online fraud will only continue to rise, said Emailage.

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Can’t Wait for the US to Migrate to EMV: The Musings of A Visitor

Celent Banking

This year was no exception and I have recently come back from two trips to Las Vegas and San Antonio. On September 30, Bank of America became the first major US bank to announce that all new debit cards with be EMV, while existing cards would be replaced at expiry. In this blog I just wanted to share a personal story.

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Justice Department Announces Three Dozen Indictments In $530M Cyber ID Crime Spree

PYMNTS

“Today’s indictment and arrests mark one of the largest cyber fraud enterprise prosecutions ever undertaken by the Department of Justice,” acting assistant attorney general John Cronan said. In similar news published by ZDNet.com , the group has been charged with nine counts ranging from conspiracy to racketeer to computer crimes.

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Low-Cost Mobile Card Readers Have Security Flaws

PYMNTS

Positive Technologies researchers Leigh-Anne Galloway and Tim Yunusov are warning that new lower-cost payment systems could hurt companies because of security flaws that could enable hackers to steal credit card data or change the value of what people are purchasing. The card readers typically attach to a tablet and or smartphone.

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