Cyber Security RSS

The class action against Target brought by several banks over the retailer’s massive data breach in 2013 has been certified by a US judge. District Judge Paul Magnuson said the banks could pursue their claims together over the breach, which compromised at least 40 million credit cards during the holiday season. In a statement, Charles Zimmerman, one of the [...]

The post US banks certified for class action over Target data breach appeared first on Payments Cards & Mobile.

Visa says it has introduced a new specification which will integrate biometric (palm, voice, iris or facial authentication) capabilities with chip card transaction. The technology framework is designed to work with the EMV chip industry standard, enabling fingerprints to be securely accepted by a biometric reader, encrypted, and then validated. The specification supports “match-on-card” authentication in [...]

The post Visa introduces biometric chip card transactions appeared first on Payments Cards & Mobile.

In a story which broke over the weekend, it has emerged that Lloyds customers that have Premier Accounts  with the bank have been stolen after data left on a storage device was taken. The serious data breach came after the data storage device was stolen from a “data room” belonging to Royal Sun Alliance (RSA) insurance. The data storage [...]

The post Lloyds customer data stolen appeared first on Payments Cards & Mobile.

I will admit that this article is not exactly about payments…however, the ramifications of the report will have significant baring on our industry if correct. One of the world’s most sophisticated hacking groups, linked to the Russian government, has been accused of hijacking vulnerable commercial satellite communications, using hidden receiving stations in Africa and the [...]

The post Russian group accused of hacking satellites appeared first on Payments Cards & Mobile.

MyBank has issued a call for participation in the pilot phase for its Identity Verification Service to Payment Service Providers (PSPs) and service providers. The pilot will start in mid-November 2015 and run until February 2016. Interested parties can register until 16th October 2015 via the MyBank website. The aim of the pilot is to [...]

The post MyBank to launch pilot for Identity Verification Service appeared first on Payments Cards & Mobile.