On The Web

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Risk & Fraud

Private messages from 81,000 hacked Facebook accounts for sale

November 2 2018

• in
• Data breach

“Hackers appear to have compromised and published private messages from at least 81,000 Facebook users’ accounts. The perpetrators told the BBC Russian Service that they had details from a total of 120 million accounts, which they were attempting to sell, although there are reasons to be skeptical about that figure.”

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Risk & Fraud

SMS Phishing + Cardless ATM = Profit

November 2 2018

• in
• ATM fraud

“A number of financial institutions are now offering cardless ATM transactions that allow customers to withdraw cash using nothing more than their mobile phones. But this also creates an avenue of fraud for bad guys, who can leverage phished or stolen account credentials to add a new phone number to the customer’s account and then use […]

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Risk & Fraud

Authorised Push Payment Scams – A new approach

November 1 2018

• in
• Push payment fraud

“With UK Finance reporting a £92.9 million loss to consumers in the first half of 2018 as a result of Authorised Push Payment (APP) scams, the APP Scams Steering Group (the Steering Group) have published a draft voluntary code (the code). APP fraud is characterised by a transfer of funds executed across Faster Payments, CHAPS […]

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Risk & Fraud

Who’s In Your Online Shopping Cart?

November 5 2018

• in
• Ecommerce fraud

“Crooks who hack online merchants to steal payment card data are constantly coming up with crafty ways to hide their malicious code on Web sites. In Internet ages past, this often meant obfuscating it as giant blobs of gibberish text that was obvious even to the untrained eye. These days, a compromised e-commerce site is […]

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Global

‘Almost all’ Pakistani banks hit by hackers

November 7 2018

• in
• Data breach
• Pakistan

“FIA director Mohammad Shoaib told local media about the breach shortly after cybersecurity firm Group-IB warned that a dump of Pakistani credit and debit card details has been doing the rounds of carder forums. According to Geo News, six banks have suspended the use of their debit cards outside of Pakistan. Last week, hackers got away […]

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Risk & Fraud

That Domain You Forgot to Renew? Yeah, it’s Now Stealing Credit Cards

November 14 2018

“If you own a domain name that gets decent traffic and you fail to pay its annual renewal fee, chances are this mistake will be costly for you and for others. Lately, neglected domains have been getting scooped up by crooks who use them to set up fake e-commerce sites that steal credit card details […]

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Deals

NCR Acquires StopLift To Address Self-Checkout Theft And In-Store Shrink

November 13 2018

• in
• Retail

“NCR Corporation has acquired StopLift Checkout Vision Systems, an intelligent computer vision systems provider for retail POS platforms. Financial terms of the transaction were not disclosed. With the growth of Amazon Go and other competing technologies in the cashierless self-checkout space, NCR is reinforcing its focus on self-checkout solutions.”

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Risk & Fraud

Fallback Fraud Falls as Card Issuers Ramp Up Their Monitoring

November 12 2018

• in
• Card fraud

“Fallback fraud is an activity that typically comes and goes fairly quickly after a nation converts to EMV chip card payments, but it has stuck around longer than usual in the United States, ACG said. But issuers are getting smarter about identifying and thwarting it, according to Goldman. “They’re looking at dollar amounts, they’re looking at velocity […]

On The Wires

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Market Reports

Fraud Attempts Expected to Increase 14 Percent During 2018 Peak Holiday Season

November 14 2018

“New benchmark data from ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, revealed a projected 14 percent increase in fraud attempts during the upcoming 2018 peak holiday season, based on hundreds of millions of merchant transactions, including some the world’s leading global retail brands. As consumers and merchants prepare for the busiest shopping season […]

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Risk & Fraud

NCR Acquires StopLift, Gains Powerful Anti-Theft Solution for Self-Checkout

November 6 2018

• in
• AI
• Self-checkout

“Headquartered in Cambridge, Mass., StopLift has developed Artificial Intelligence capabilities that visually determine what occurs during each transaction to distinguish between legitimate and fraudulent behavior at the checkout. Most notably, StopLift’s technology detects scan-avoidance and flags unscanned, unpaid merchandise at the checkout. Examples include passing items around the scanner, leaving unscanned items in the shopping […]