Online criminals moving to Italy

A Sony PlayStation Network breach could result in more than $300 million in losses for credit card companies if customers decide to replace their credit cards.According to a report on Reuters, the recent Sony PSN data breach...

An American hacker accused of committing credit card fraud and identity theft of around $36 million has pled guilty, the US Department of Justice revealed.Rogelio Hackett Jr. now faces up to 10 years in prison for committing...

As expected, the organisation representing credit and debit card providers was quick to quell fears that the discovery of a potentially game-changing vulnerability in the card system that could allow criminals to make purchases...

Experts at the Cambridge University have reported a massive flaw in the Chip and Pin debit card system that can trigger a series of fraudulent transactions if not fixed on time, as according to them, the trick to do so is...

In an attempt to deal with card frauds and help money management, credit card provider Visa is to kick off trials of a new SMS notification service, which will notify a card holder via text every time his or her card is...

A data breach unveiled by Heartland Payment Systems, the 6th largest credit card processor in the US, seems all set to replace TJX Companies’ January 2007 infringement as the world’s largest ever data breach...

The Internet allows individuals and companies to conduct business with each other, no matter where in the world they are located. This is possible because the Internet is a public network.  Many business transactions are of...

GFI Software, a developer of network security, content security and messaging software, announced the release of the GFI PCI Suite, a package aimed at helping companies meet the strict requirements and tight deadlines imposed by...

Comodo, a global Certification Authority and provider of Identity and Trust Assurance Management solutions, announced that it is committed to protecting online merchants from a new wave of fraudsters who are better funded and are...

Gemalto announcesd it is the first company to achieve the MasterCard and Visa Chip Authentication Program (CAP) 2007 certification of its Pocket reader, designed to secure authentication of cardholders for remote banking and...

I was more than a little amused at the flurry of media activity on Friday about the computer systems of TJ Maxx's parent company, TJX, being well hacked until January of this year.Amused, because I actually reported on this saga...

According to the latest figures from Russia, card fraud is on the increase - now reaching 0.7 to 0.9 per cent of all card transactions in the country.I therefore find it amazing that Visa has announced plans from July 1 to cease...

ClickandBuy, one of Europe’s leading digital payments platform and E-Payments systems, has received funding from Intel Capital. ClickandBuy has more than seven million users and 7,000 merchants using their system for the sale of...

Identity fraud can net criminals £85,000 for each identity stolen, research has found. That is the average amount which criminals can expect to gain from impersonating a person in the UK according to anti-ID theft company...

RSA, The Security Division of EMC, announced that its 24x7 Anti-Fraud Command Center (AFCC) has uncovered a new phishing kit being sold and used online by fraudsters.This new kit, a Universal Man-in-the-Middle Phishing Kit, is...