Payments News » Card fraud

New credit card skimmer worked in plain sight at Aldi stores

February 8 2018

in
Card fraud

““While Aldi payment terminals in the United States are capable of accepting more secure chip-based card transactions,” writes security researcher Brian Krebs. “The company has yet to enable chip payments (although it does accept mobile contactless payment methods such as Apple Pay and Google Pay). This is important because these overlay skimmers are designed to steal […]

Risk & Fraud

U.S. Arrests 13, Charges 36 in ‘Infraud’ Cybercrime Forum Bust

February 8 2018

“Started in October 2010, Infraud was short for “In Fraud We Trust,” and collectively the forum referred to itself as the “Ministry of Fraudulently [sic] Affairs.” As a mostly English-language fraud forum, Infraud attracted nearly 11,000 members from around the globe who sold, traded and bought everything from stolen identities and credit card accounts to […]

Risk & Fraud

Feds drop hammer on massive “carder” ring that caused $530 million in losses

February 7 2018

in
Card fraud

“Known as the Infraud Organization, the enterprise aimed to be the Internet’s premier destination for buying and selling stolen payment card data. It served as an online bazaar that directed potential buyers to a pool of people selling stolen credit card data, social security numbers, and other personal information, as well as malware, hardware, and […]

Risk & Fraud

Orbitz says hacker stole two years’ worth of customer data

March 21 2018

in
Card fraud

“According to the statement, the company found evidence in March that an attacker had access to the company’s legacy systems between October and December last year. It was during that time the hacker accessed customer data from the previous two years — between January 2016 and December 2017 — which included names, dates of birth, […]

Risk & Fraud

Fin7 Syndicate Hacks Saks Fifth Avenue and Lord & Taylor Stores

April 2 2018

in
Card fraud

“On March 28, 2018, a notorious hacking JokerStash syndicate, also known as Fin7 announced the latest breach of yet another major corporation, with more than five million stolen payment cards offered for sale on the dark web. Several large financial institutions have confirmed that all tested records had been used before at Saks Fifth Avenue, […]

Risk & Fraud

Secret Service Warns of Chip Card Scheme

April 6 2018

in
Card fraud

“The U.S. Secret Service is warning financial institutions about a new scam involving the temporary theft of chip-based debit cards issued to large corporations. In this scheme, the fraudsters intercept new debit cards in the mail and replace the chips on the cards with chips from old cards. When the unsuspecting business receives and activates the modified […]

Risk & Fraud

THE BILLION-DOLLAR HACKING GROUP BEHIND A STRING OF BIG BREACHES

April 4 2018

in
Card fraud

“THIS WEEK, SAKS Fifth Avenue, Saks Off 5th, and Lord & Taylor department stores—all owned by The Hudson’s Bay Company—acknowledged a data breach impacting more than five million credit and debit card numbers. The culprits? The same group that’s spent the last few years pulling off data heists from Omni Hotels & Resorts, Trump Hotels, Jason’s […]

Risk & Fraud

With Synthetic ID Fraud Losses Soaring, Complications Beset a Search for Solutions

May 9 2018

“Cyberthieves can use the payment credentials they steal to charge products to the people who are the legitimate owners of that data. That’s bad enough. But increasingly, these fraudsters are using the information they glean from data breaches to invent fresh identities, sometimes out of whole cloth, leaving credit card issuers, banks, and other lenders […]

Risk & Fraud

Fiserv Introduces Innovation in Early Breach Detection with Rippleshot Partnership

May 7 2018

in
Card fraud

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today it has partnered with Rippleshot, a fraud analytics firm, to offer Card Risk Office℠ Fraud Warning, an early breach detection solution that allows financial institutions to identify potential fraud events 30-60 days prior to network alerts.”