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McDonald’s, Sift Partner on International Mobile Ordering

February 25 2021

“McDonald’s has partnered with digital trust and safety provider, Sift , to safeguard and streamline the customer experience on the QSR’s mobile app in select countries across Europe, Asia, Africa and Oceania, a news release said. Through the partnership, McDonald’s will have access to Sift’s machine-learning technology and global data network for customers using its […]
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Synthetic IDs Are Key to Solving Fraud’s Whack-a-mole Game

February 19 2021

“Credit card and bank account fraud have soared during the pandemic, with fraudsters intercepting consumer data via retail and banking disruptions and worsening synthetic ID fraud. Lenders say synthetic ID fraud risk will be their top area of concern for the next two years, according to a new study by Aite Group, with nearly three-quarters […]
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Citibank Just Got a $500 Million Lesson in the Importance of UI Design

February 18 2021

“A federal judge has ruled that Citibank isn’t entitled to the return of $500 million it sent to various creditors last August. Kludgey software and a poorly designed user interface contributed to the massive screwup. Citibank was acting as an agent for Revlon, which owed hundreds of millions of dollars to various creditors. On August […]
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Bluetooth Overlay Skimmer That Blocks Chip

February 17 2021

“As a total sucker for anything skimming-related, I was interested to hear from a reader working security for a retail chain in the United States who recently found Bluetooth-enabled skimming devices placed over top of payment card terminals at several stores. Interestingly, these skimmers interfered with the terminal’s ability to read chip-based cards, forcing customers […]
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Malicious Script Steals Credit Card Info Stolen by Other Hackers

February 17 2021

“A threat actor has infected an e-commerce store with a custom credit card skimmer designed to siphon data stolen by a previously deployed Magento card stealer. Credit card skimmers (aka payment card skimmers or Magecart scripts) are JavaScript scripts that cybercrime groups known as Magecart groups inject into hacked e-commerce sites as part of web skimming […]
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Capital One Fined $290M for ‘willful’ Anti-money-laundering Failures

January 19 2021

“Capital One Financial has been hit with a $290 million penalty after admitting to the U.S. Treasury Department that it willfully violated anti-money laundering requirements between 2008 and 2014. The problems, which involved a unit that served cash-checking businesses and has since been shut down, were first revealed years ago. But documents released Friday by […]
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German Police Take Down ‘World’s Largest Darknet Marketplace’

January 14 2021

“A German-led police sting has taken down the “world’s largest” darknet marketplace, whose Australian alleged operator used it to facilitate the sale of drugs, stolen credit card data and malware, prosecutors said Tuesday. At the time of its closure, DarkMarket had nearly 500,000 users and more than 2,400 vendors worldwide, as the coronavirus pandemic leads […]
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Money Laundering Via Author Impersonation on Amazon?

January 6 2021

“Patrick Reames had no idea why Amazon.com sent him a 1099 form saying he’d made almost $24,000 selling books via Createspace, the company’s on-demand publishing arm. That is, until he searched the site for his name and discovered someone has been using it to peddle a $555 book that’s full of nothing but gibberish.”
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On The Wires

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