Is Your Chip Card Secure? Much Depends on Where You Bank

Credit to Author: BrianKrebs| Date: Thu, 30 Jul 2020 15:09:24 +0000

Chip-based credit and debit cards are designed to make it infeasible for skimming devices or malware to clone your card when you pay for something by dipping the chip instead of swiping the stripe. But a recent series of malware attacks on U.S.-based merchants suggest thieves are exploiting weaknesses in how certain financial institutions have implemented the technology to sidestep key chip card security features and effectively create usable, counterfeit cards.

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COVID-19 ‘Breach Bubble’ Waiting to Pop?

Credit to Author: BrianKrebs| Date: Tue, 30 Jun 2020 15:00:48 +0000

The COVID-19 pandemic has made it harder for banks to trace the source of payment card data stolen from smaller, hacked online merchants. On the plus side, months of quarantine have massively decreased demand for account information that thieves buy and use to create physical counterfeit credit cards. But fraud experts say recent developments suggest both trends are about to change — and likely for the worse.

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How Cybercriminals are Weathering COVID-19

Credit to Author: BrianKrebs| Date: Thu, 30 Apr 2020 18:20:57 +0000

In many ways, the COVID-19 pandemic has been a boon to cybercriminals: With unprecedented numbers of people working from home and anxious for news about the virus outbreak, it’s hard to imagine a more target-rich environment for phishers, scammers and malware purveyors. In addition, many crooks are finding the outbreak has helped them better market their cybercriminal wares and services. But it’s not all good news: The Coronavirus also has driven up costs and disrupted key supply lines for many cybercriminals.

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Data: E-Retail Hacks More Lucrative Than Ever

Credit to Author: BrianKrebs| Date: Tue, 30 Apr 2019 20:13:03 +0000

For many years and until quite recently, credit card data stolen from online merchants has been worth far less in the cybercrime underground than cards pilfered from hacked brick-and-mortar stores. But new data suggests that over the past year, the economics of supply-and-demand have helped to double the average price fetched by card-not-present data, meaning cybercrooks now have far more incentive than ever to target e-commerce stores.

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