Payments News
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On The Web

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Risk & Fraud

The Risk of Weak Online Banking Passwords

“If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process. This story is about how crooks increasingly are abusing third-party financial aggregation services like Mint , Plaid , Yodlee , […]
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Risk & Fraud

How the Accused Capital One Hacker Stole Reams of Data From the Cloud

“Ms. Thompson was allegedly able to find an opening in Capital One’s systems and exploit a weakness in some misconfigured networks, according to a Wall Street Journal analysis of hundreds of Ms. Thompson’s online messages and interviews with people familiar with the investigation. Security professionals for years have warned about that gap, which the messages […]
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Reports

EAST Publishes European Fraud Update 2-2019

“Two countries reported mobile wallet fraud in relation to Apple Pay. One reported that mobile wallets are fast becoming the new money mules – fraudsters are enrolling cards that are not yet associated to a specific wallet. Another country reported that fraudsters are obtaining security codes through phishing, with which they can then install a […]
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Risk & Fraud

Instagram’s Lax Privacy Practices Let a Trusted Partner Track Millions of Users’ Physical Locations, Secretly Save Their Stories, and Flout Its Rules

“A combination of configuration errors and lax oversight by Instagram allowed one of the social network’s vetted advertising partners to misappropriate vast amounts of public user data and create detailed records of users’ physical whereabouts, personal bios, and photos that were intended to vanish after 24 hours. The profiles, which were scraped and stitched together […]
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Risk & Fraud

Meet Bluetana, the Scourge of Pump Skimmers — Krebs on Security

““Bluetana,” a new mobile app that looks for Bluetooth-based payment card skimmers hidden inside gas pumps, is helping police and state employees more rapidly and accurately locate compromised fuel stations across the nation, a study released this week suggests. Data collected in the course of the investigation also reveals some fascinating details that may help […]
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Risk & Fraud

Mexico Commerce Upended With Part of Banking System Offline

“Problems at a Mexico City data-processing center caused widespread failure across the nation’s banking system on Saturday, with companies and consumers reporting a spike in declined payments and transactions.  Banks including Grupo Financiero Banorte SAB and the Mexican units of HSBC Holdings Plc and Banco Santander SA reported the problems on Twitter. The issue was […]
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Risk & Fraud

FS-ISAC Says Cyberattacks Main Concern for Financial Institutions

“Attacks on payment systems and third-party service providers, as well as vulnerabilities in underlying system technologies are some of the greatest concerns faced by banks and financial institutions in the Asia Pacific region, said Financial Services Information Sharing and Analysis Centre (FS-ISAC).“

On The Wires

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Risk & Fraud

Visa Introduces Suite of Security Capabilities to Help Prevent and Disrupt Payment Fraud

“Visa today announced a suite of innovative security capabilities to help prevent and disrupt payment fraud, breaking new ground in cybersecurity and fraud prevention. The new payment security services and capabilities help protect the integrity of the payments ecosystem by detecting and disrupting fraud threats targeting financial institutions and merchants, as revealed at the Visa […]