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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Here’s Why Credit Card Fraud is Still a Thing

Credit to Author: BrianKrebs| Date: Wed, 29 Jul 2020 19:46:03 +0000

Most of the civilized world years ago shifted to requiring computer chips in payment cards that make it far more expensive and difficult for thieves to clone and use them for fraud. One notable exception is the United States, which is still lurching toward this goal. Here’s a look at the havoc that lag has wrought, as seen through the purchasing patterns at one of the underground’s biggest stolen card shops that was hacked last year.

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Wawa Breach May Have Compromised More Than 30 Million Payment Cards

Credit to Author: BrianKrebs| Date: Tue, 28 Jan 2020 20:12:16 +0000

In late December 2019, fuel and convenience store chain Wawa Inc. said a nine-month-long breach of its payment card processing systems may have led to the theft of card data from customers who visited any of its 850 locations nationwide. Now, fraud experts say the first batch of card data stolen from Wawa customers is being sold at one of the underground’s most popular crime shops, which claims to have 30 million records to peddle from a new nationwide breach.

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Takeaways from the $566M BriansClub Breach

Credit to Author: BrianKrebs| Date: Tue, 29 Oct 2019 21:47:58 +0000

Reporting on the exposure of some 26 million stolen credit cards leaked from a top underground cybercrime store highlighted some persistent and hard truths. Most notably, that the world’s largest financial institutions tend to have a much better idea of which merchants and bank cards have been breached than do the thousands of smaller banks and credit unions across the United States. Also, a great deal of cybercrime seems to be perpetrated by a relatively small number of people.

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A week in security (September 16 -22)

Credit to Author: Malwarebytes Labs| Date: Mon, 23 Sep 2019 15:55:30 +0000

A roundup of the security news from September 16–22 including Emotet, student-targeted visa scams, data privacy laws, Malwarebytes’ new Browser Guard, data destruction, and more.

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International students in UK targeted by visa scammers

Credit to Author: Christopher Boyd| Date: Wed, 18 Sep 2019 16:49:40 +0000

Visa scammers are at it again, this time targeting Chinese international students in the UK. Learn how these scams work in order to steer clear, and advise others to do the same.

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Indian Bank Hit in $13.5M Cyberheist After FBI ATM Cashout Warning

Credit to Author: BrianKrebs| Date: Fri, 17 Aug 2018 19:27:10 +0000

On Sunday, Aug. 12, KrebsOnSecurity carried an exclusive: The FBI was warning banks about an imminent “ATM cashout” scheme about to unfold across the globe, thanks to a data breach at an unknown financial institution. On Aug. 14, a bank in India disclosed hackers had broken into its servers, stealing nearly $2 million in fraudulent bank transfers and $11.5 million unauthorized ATM withdrawals from more than two dozen cash machines across multiple countries.

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How to Avoid Card Skimmers at the Pump

Credit to Author: BrianKrebs| Date: Tue, 26 Jun 2018 17:59:44 +0000

Previous stories here on the proliferation of card-skimming devices hidden inside fuel pumps have offered a multitude of security tips for readers looking to minimize their chances of becoming the next victim, such as favoring filling stations that use security cameras and tamper-evident tape on their pumps. But according to police in San Antonio, Texas, there are far more reliable ways to avoid getting skimmed at a fuel station.

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