Payments News

On The Web

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Risk

Stolen Credit Card Data Is Worth Much Less During the Pandemic

“Marketplaces, even cybercriminal ones, are subject to the laws of supply and demand. Like more reputable merchants, purveyors of stolen goods have been hit by the coronavirus pandemic. As COVID-19 ravaged the world this year—forcing businesses to close and people to stay at home—demand for stolen credit card data has dropped on dark web shops.”
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Risk

Crooks Abuse Google Analytics to Conceal Theft of Payment Card Data

“Hackers are abusing Google Analytics so that they can more covertly siphon stolen credit card data out of infected ecommerce sites, researchers reported on Monday. Payment card skimming used to refer solely to the practice of infecting point-of-sale machines in brick-and-mortar stores. The malware would extract credit card numbers and other data. Attackers would then […]
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Risk

Borrower, Beware: Credit-Card Fraud Attempts Rise During the Coronavirus Crisis

“Fraudsters are increasingly using pilfered credit-card numbers and phishing attacks to prey on overwhelmed consumers and banks during the coronavirus pandemic. There has been a big jump in attempted credit- and debit-card fraud since coronavirus shut down the U.S. economy earlier this year, according to Fidelity National Information Services Inc., known as FIS, which assists […]
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Risk

American Cancer Society’s Online Store Infected With Credit Card Stealing Malware

“The American Cancer Society’s online store has become the latest victim of credit card-stealing malware. Security researcher Willem de Groot found the malware on the organization’s store website, buried in obfuscated code designed to look like legitimate analytics code. The code was designed to scrape credit card payments from the page, like similar attacks targeting […]
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Risk

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

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 […]

On The Wires

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Companies

Keyno, Michigan State University Federal Credit Union, and Visa Launch Pilot Program Offering New Approach to Online Payment Security

“With e-commerce increasing sharply in the midst of the COVID-19 pandemic, a less positive trend has followed – an increase in fraud related to online and in-app purchases. Keyno, maker of CVVkey™ technology that uses dynamic card verification value 2 (CVV2) code technology, today announced a pilot program with Michigan State University Federal Credit Union […]
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Global

UK Banks Outperform Rest of Europe in Reducing Card Fraud

“UK banks achieved the biggest reduction in card fraud losses last year among 18 countries across Europe, according to the updated FICO European Fraud Map. More than half of the countries saw increases in card fraud losses in 2019 according to the report, based on data from Euromonitor International and UK Finance.”
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Risk

Credorax Partners With Feedzai for Innovative Anti-Money Laundering Solution

“Today, licensed bank and smart payments provider, Credorax, and risk management platform Feedzai announced a new partnership to provide Credorax merchants with advanced anti-money laundering (AML) and anti-fraud capabilities, leading to increased payment security, reduced operational costs and an improved customer experience. The partnership between Credorax and Feedzai first began in 2018, when Credorax elected […]