Chip & SPIN: serious fraud comes home to roost

I was intrigued to see over the weekend that EU law enforcement officials have uncovered a sophisticated scam involving GSM transmission units being pre-installed in Chip & SPIN terminals manufactured in China.

MON 13 OCT. 2008 |Featured in: News

The fraud potential of unregistered credit cards

Interesting to read a story on the South American newswires that, whilst 20 per cent of credit cards issued in the US never get activated, MasterCard reckons this percentile doubles in other markets, even hitting 50 per cent in South America.

MON 06 OCT. 2008 |Featured in: News

PCI 2.0: Secure Cardholder *Data*

THU 18 SEPT. 2008 |Featured in: News

Indian card fraudsters make EFTPOS machines go off-line

There's an interesting card fraud taking place in India, where - if the newswires are to be believed - a group of hackers have developed a card cloning technique that also makes the EFTPOS machine being used for a transaction go offline.

TUE 09 SEPT. 2008 |Featured in: News

Hackers crack Middle-Eastern credit network

I was interested to read over the weekend that a group of professional hackers are thought to have cracked into a credit server network in the United Arab Emirates in order to make unauthorised credit and debit card purchases in the US

MON 08 SEPT. 2008 |Featured in: News

PCI 2.0: High Time For A Root-and-Branch Review

As we brace ourselves for the release of PCI 1.2, it is as good a time as any to think about how PCI could be improved

MON 08 SEPT. 2008 |Featured in: News

Credit/Debit card bully boys squash RFID security expose

My thanks to the BitTech newswire for publicising an interesting YouTube posting from this summer's 2600/HOPE hacker conference in which Adam Savage of Mythbusters fame revealed what a set of bully boys the credit and debit card companies are.

WED 03 SEPT. 2008 |Featured in: News

US Cybercriminals Swamp UK With Forged US Bank Cards

BBC investigation team has exposed an imminent cyber attack on the check-out systems in UK supermarkets, which would involve using compromised credit and debit cards of US based bank accounts, to make illicit purchases across UK

MON 01 SEPT. 2008 |Featured in: News

Card issuer adds 2D barcodes to Visa cards

A Finnish firm is marketing an interesting add-on for Visa credit and debit cards - a 2D barcode that is added to the card for loyalty purposes.

WED 27 AUG. 2008 |Featured in: News

Tesco pay-at-pump system uses no PINs

Driving back through Manchester over the Bank Holiday, I gassed up the car at a local Tesco Express on the main drag out of the city - at 109.9p a litre I was impressed.

TUE 26 AUG. 2008 |Featured in: News