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86% of customers shun brands following a data breach
New research commissioned by Semafone has revealed that the overwhelming majority of people would not do business with a company that had failed to protect its customers’ card data in the event of a data breach. In the survey, conducted by OnePoll, 86.55% of 2,000 respondents stated that they were “not at all likely” or “not [...]
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Trustwave accused in Target data breach suit
Trustwave, the PCI security vendor, has been accused of failing to detect vulnerabilities in Target’s handling of credit card data ahead of last year’s data breach, according to a law suit filed by Trustmark National Bank of New York and Green Bank of Houston. The suit, filed in Chicago’s US District Court, is the latest in [...]
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EMV in the US… too little, too late?
The Target, Neiman Marcus, Michael’s Stores breach trifecta may have finally galvanized the US card payment industry to consider strongly EMV in the US. Too bad consumers are poised to change the game. I and many others cheered the recent news that MasterCard and Visa are finally launching a “cross-industry effort to accelerate payment security.” The [...]
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UK fraud increases
New figures released on UK fraud by Financial Fraud Action UK (FFA UK) show that levels of card and online banking fraud rose during 2013. Improved fraud detection and prevention systems used by banks and established internet retailers continue to have a positive impact, but intelligence suggests that criminals are now targeting individual consumers and [...]
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Mobile Payments and Fraud survey
While the mobile channel grows in importance and revenue for merchants, so does their fear of fraudulent attacks and the realization that combating that risk requires specialized tools. Those are some of the key findings from the 2nd Annual Mobile Payments and Fraud Survey. The 2014 Survey, conducted by Kount, The Fraud Practice and CardNotPresent.com, is the [...]
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