Payments News

On The Web

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Risk & Fraud

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

“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 […]
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Risk & Fraud

Fin7 Syndicate Hacks Saks Fifth Avenue and Lord & Taylor Stores

“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, […]
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Risk & Fraud

Orbitz says hacker stole two years’ worth of customer data

“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, […]
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Risk & Fraud

Secret Service Warns of Chip Card Scheme

“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 […]
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Risk & Fraud

Credit card skimmers now need to fear the Reaper

“At the USENIX Security Symposium here today, University of Florida researcher Nolen Scaife presented the results of a research project he undertook with Christian Peeters and Patrick Traynor to effectively detect some types of “skimmers”—maliciously placed devices designed to surreptitiously capture the magnetic stripe data and PIN codes of debit and credit cards as they are inserted into automated teller […]
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Risk & Fraud

The Wild Inner Workings Of A Billion-Dollar Hacking Group

“The Fin7 hacking group has leeched, by at least one estimate, well over a billion dollars from companies around the world. In the United States alone, Fin7 has stolen more than 15 million credit card numbers from over 3,600 business locations. On Wednesday, the Justice Department revealed that it had arrested three alleged members of the group—and even more […]
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Risk & Fraud

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

“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 […]
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Risk & Fraud

New credit card skimmer worked in plain sight at Aldi stores

““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 […]

On The Wires

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