Fraud & Security RSS

Neiman Marcus has been forced to admit that up to 1.1 million customer payment cards were compromised in the recent data breach that hit its instore POS terminals over a four-month period from July to October 2013. In a letter to customers posted on the Neiman Marcus Website, CEO Karen Katz confirms that malware installed [...]

The post Neiman Marcus data breach: 1.1 million cards compromised appeared first on Payments Cards & Mobile.

Since entering the public domain, mobile money transfer using the phone platform, has almost lit up the airwaves. Paperwork is at the minimum and speed is usually counted in minutes. This is the kind of service business people and especially small traders appreciate since banks intimidate them. Uganda currently has eight registered telecom companies and [...]

The post Mobile money transfer still undergoing growing pains appeared first on Payments Cards & Mobile.

Security firm IntelCrawler has released information implicating a Russian teen sold the BlackPOS malware responsible for breaching security at the retailers Target and Neiman Marcus and affecting as many as 110 million Target customers alone. A 17-year-old Russian national from St. Petersburg was responsible for the malicious programing that allowed for data from Target and Neiman Marcus [...]

The post Russian accused of BlackPOS malware used to hack Target appeared first on Payments Cards & Mobile.

Target has confirmed reports that hackers infected Target’s point-of-sale terminals with malware (POS malware)  to steal the payment card information from millions of customers, the retailer’s chief executive has confirmed. The security breach, which yielded the personal information of as many as 110 million customers, was first identified on December 15, four days before the [...]

The post Target confirms POS malware used in attack appeared first on Payments Cards & Mobile.

In the last few days there has been bad news for retailers and their ability to comply with card data security protocols to protect their customer card data from hackers. Target was forced to admit, in an update on its ongoing forensic investigation into the breach, that up to 70 million individual customer details have [...]

The post A bad week for card data security appeared first on Payments Cards & Mobile.