Payments News

On The Web

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Risk

Hackers Using Text Messaging to Target Retailers

“The most sophisticated cyberattacks can begin with something as simple as a text message. It’s more common in retail than in other industries for the attacker to use text messaging to trick a retail employee into initiating a money transfer, according to the 2021 Verizon Data Breach Investigations Report… With criminals motivated to seek retail […]
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Security

Are You Sure About the Safety of That QR Code?

“It is predicted that by 2022, over five billion QR codes will have been scanned or accessed by mobile devices.  A QR code is an additional form of contactless communication that, once scanned, either relays information or directs an individual to another online source, website or application. QR code adoption has increased with the contactless […]
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Security

Experian’s Credit Freeze Security Is Still a Joke

“In 2017, KrebsOnSecurity showed how easy it is for identity thieves to undo a consumer’s request to freeze their credit file at Experian , one of the big three consumer credit bureaus in the United States.  Last week, KrebsOnSecurity heard from a reader who had his freeze thawed without authorization through Experian’s website, and it reminded […]

On The Wires

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Security

LoginID Launches FIDO-certified WordPress Plugin for Passwordless Authentication

“LoginID Inc., creators of the FIDO-powered passwordless authentication solution LoginID, announced today the launch of its WordPress plugin . The plugin is free to install, and enables websites powered by WordPress to install strong passwordless authentication in five clicks. The solution also helps WordPress websites align to emerging and existing compliance regulations, such as PSD2 […]
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Security

You Are Worth $1,000 on the Dark Web, New Study by Privacy Affairs Finds

“The Dark Web sees personal information sold to this day. In 2020, organizations like NASA, McDonald’s, Visa, MasterCard, Microsoft, and Google have experienced security breaches, leading to theft of credit card details, online banking logins, and social media credentials. Later, all this information can be found sold on the Dark Web. PrivacyAffairs.com collected hundreds of […]
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Risk

Request for Proposal to Find a Service Provider to Establish and Maintain the EPC MISP Instance

“The European Payments Council (EPC), as a scheme manager, endeavours to adequately address fraud risks in the context of its Single Euro Payments Area (SEPA) payment schemes. Therefore, in February 2021, the EPC decided to develop a SEPA-wide “Malware Information Sharing Platform” (“MISP”) instance for real-time fraud information sharing with direct browser access by all […]
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Security

U.S. Payments Forum Publishes Resource Providing Solution Options, Stakeholder Considerations for Card-on-File Tokenization

“Tokenization has been a key investment in the payments industry for increased security at various points of the transaction lifecycle. The U.S. Payments Forum today released a resource that provides an overview of different card-on-file tokenization solution options and stakeholder considerations for each, including debit routing. The solution configurations discuss the steps followed for provisioning […]
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Deals

Sift Raises $50 Million at a Valuation Over $1 Billion and Expands Its Executive Leadership Team to Help Companies Fight the Growing Fraud Economy

Sift, the leader in Digital Trust & Safety, today announced a $50 million funding round that values the company at more than $1 billion. The financing was led by global venture capital and private equity firm Insight Partners, with participation from Union Square Ventures and Stripes. The new funding will be used to continue expanding […]