Fraud & Security RSS

New global research by the Ponemon Institute, sponsored by mobile interaction service provider tyntec, has revealed that on average almost 50% of one-time passwords (OTPs) fail to arrive due to invalid mobile numbers provided by end-users. For the report titled ‘Unlocking the Security Potential: The Key to Effective Two-Factor Authentication’ the Ponemon Institute surveyed more than 1,800 IT [...]

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In its latest Threats Report security specialists McAfee Labs say they have identified 200 new malware samples per minute, or more than three new threats every second, during 2013, which marked an upswing in POS attacks in the final quarter – it also notes CaaS Cybercrime-as-a-Service. The McAfee Labs fourth quarter Threats Report highlights the role of [...]

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Visa and MasterCard have launched a cross-industry EMV acceptance group to improve security for card transactions and press US retailers and banks to meet a 2015 deadline to adopt technology that would make it safer to pay with payments cards. The move follows several data breaches at US retailers, including one at Target Corp late last year involving the theft [...]

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Payment card fraud in the US is rampant, and it’s adding up to big losses. The US accounted for 51% of global payment card fraud costs in 2013, according to BI Intelligence estimates. Here are the key points for 2013: The cost of global payment card fraud grew by 19% last year to reach $14 billion. [...]

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Last year’s Target breach flooded underground markets with millions of stolen credit and debit cards. In the days surrounding the breach disclosure, the cards carried unusually high price tags — in large part because few banks had gotten around to cancelling any of them yet. Today, two months after the breach, the number of unsold stolen [...]

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