Contactless card fraud RSS

Action Fraud, Contactless, Contactless card fraud, contactless fraud, Contactless payments, Cybercrime, Daily news, Fraud & Security -

According to figures from Action Fraud, the UK’s national fraud reporting service, contactless card fraud is surging. A total of £1.8 million was stolen by fraudsters from contactless users in 2018.... more

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Card Fraud, Contactless, contactless card, Contactless card fraud, contactless fraud, Daily News, Fraud, Fraud & Security, HCE, Mobile Payments, Tokenisation -

So, contactless card fraud hit £7m in the UK in 2016, up from £153k in 2014. Cue click-bait headlines about fraud soaring by almost 4,500%. When you dig a bit deeper, this is both mischievous scaremongering and quite misleading. contactless card, card fraud, contactless fraud, fraud Salacious spending spree Firstly, the article explains how contactless card theft allows [...]

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card fraud. contactless cards, Contactless, contactless card, Contactless card fraud, Cyber Security, Daily News, Fraud & Security, Identity, Issuing & Acquiring -

The UK’s FCA has set out measures to tackle contactless card fraud on contactless cards which have been reported lost or stolen. In a letter to the Treasury select committee, the Financial Conduct Authority (FCA) said consumer losses on contactless payments were relatively small but in some circumstances cards could be used by a fraudster several [...]

The post FCA crackdown on contactless card fraud security flaw appeared first on Payments Cards & Mobile.

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Contactless, Contactless card fraud, Cyber Security, Daily News, Fraud & Security, HCE, Host Card Emulation, Issuing & Acquiring, Tokenisation -

Contactless card fraud has made headlines this year. In this post we take a look at some of the key myths and offer explanation to the realities. No. 1 myth:  Data theft with long-range RFID readers This myth says that fraudsters would be able to use long-range RFID readers to extract data from contactless cards [...]

The post Contactless card fraud: Myths and Realities exposed appeared first on Payments Cards & Mobile.

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Contactless, Contactless card fraud, Cyber Security, Daily News, Fraud & Security, Issuing & Acquiring -

Recent industry news has brought to light the issue of contactless card fraud relating. Contactless cards are increasingly popular in the UK, with the value of contactless purchases increasing by 232% in the past year to reach almost £1.9 billion in total. Although this take-up in the UK is significant – industry bodies say that [...]

The post Contactless card fraud warning – a fraud solution appeared first on Payments Cards & Mobile.

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