Payments News

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Risk & Fraud

Mastercard Alerts Privacy Watchdogs After Loyalty Program Leak

“Mastercard Inc.’s European unit formally notified Belgian and German data-protection regulators of a data lapse concerning a loyalty program, officials said on Friday. The Belgian watchdog said in a statement on Friday that the card company alerted it to a “breach” detected on Aug. 19. It said the episode would have affected a “large number” […]
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Risk & Fraud

North Korean Cyberattacks on South Africa – Banks Respond

“South African banks have said they did not fall prey to North Korean hackers, and the Payments Association of South Africa and the South African Banking Risk Information Centre have stated that no security breaches in local SWIFT systems have been reported. This follows reports last week that South Africa was one of 17 countries […]
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Risk & Fraud

Aussie Banks Warn Customers After Fresh PayID Data Breach

“NPP Australia said that an undisclosed number of PayID records “and associated data in the Addressing Service were exposed by a vulnerability in one of the financial institutions sponsored into the NPP by Cuscal Limited.” “Cuscal has confirmed that the client-side technical issues underlying the exposure were identified and resolved immediately,” it said in an […]
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Risk & Fraud

Breach at Hy-Vee Supermarket Chain Tied to Sale of 5M+ Stolen Credit, Debit Cards — Krebs on Security

“On Tuesday of this week, one of the more popular underground stores peddling credit and debit card data stolen from hacked merchants announced a blockbuster new sale: More than 5.3 million new accounts belonging to cardholders from 35 U.S. states. Multiple sources now tell KrebsOnSecurity that the card data came from compromised gas pumps, coffee […]
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Risk & Fraud

Fraudsters Used AI to Mimic CEO’s Voice in Unusual Cybercrime Case

“Criminals used artificial intelligence-based software to impersonate a chief executive’s voice and demand a fraudulent transfer of €220,000 ($243,000) in March in what cybercrime experts described as an unusual case of artificial intelligence being used in hacking. The CEO of a U.K.-based energy firm thought he was speaking on the phone with his boss, the […]
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Risk & Fraud

NY Payroll Company Vanishes With $35 Million — Krebs on Security

“MyPayrollHR, a now defunct cloud-based payroll processing firm based in upstate New York, abruptly ceased operations this past week after stiffing employees at thousands of companies. The ongoing debacle, which allegedly involves malfeasance on the part of the payroll company’s CEO, resulted in countless people having money drained from their bank accounts and has left […]

On The Wires

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Risk & Fraud

ACI Empowers Everlink to Launch New Machine Learning Fraud Management Solution

“The company required an intuitive machine learning offering to scale up its existing skills and expertise and drive efficiencies while maintaining high security standards. Leveraging the ACI Model Generator™ within UP Payments Risk Management, Everlink quickly built and deployed machine learning models to drive its eSCORE fraud management solution, which analyzes multiple features of each […]