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New POS malware found – UDPoS
Researchers at global cybersecurity firm Forcepoint have discovered a new piece of POS malware – the first in nearly two years – that primarily targets transactions at hotels and restaurants. In the current era of mass malware it’s becoming increasingly rare to find something beyond the ‘usual suspects’ we see being spread by high-profile botnets on a regular basis: Dridex spread by [...]
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Oracle POS flaw affecting over 300,000 POS systems worldwide
ERPScan researchers published the details of a new vulnerability recently fixed by Oracle. The vulnerability affects its MICROS POS terminals and allows an attacker to read sensitive data from devices. Oracle’s MICROS has more than 330,000 cash registers worldwide. They are 200,000+ food and beverage outlets and more than 30,000 hotels across 180 countries. Despite the [...]
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PCI council publishes security requirements for software-based PIN entry on devices
The PCI Security Standards Council (PCI SSC) has announced a new PCI Security Standard for software-based PIN entry on commercial off-the-shelf devices (COTS), such as smartphones and tablets. The PCI Software-Based PIN Entry on COTS (SPoC) Standard provides requirements for developing secure solutions that enable EMV contact and contactless transactions with PIN entry on the [...]
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Interchange fee rules ‘Not Fit For Purpose’ ahead of EU review
European retail organisations have called on authorities to expand the scope of interchange fee controls to tackle other “stupendous” charges imposed by card schemes, as new rules banning merchants from recovering costs from consumers enter into force. The European Commission is set to review the effectiveness of the Interchange Fees Regulation (IFR) over the next [...]
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2018: Retail will be driven by technological advances and payment transaction capabilities
2018 is here and the business outlook for retailers is looking positive despite what people may think. The New Year retail will be driven by technological advances and payment transaction capabilities, small-format shops will be in and ‘big-box’ shops are out, vast amounts of attention will be given to the omni-channel experience making it now [...]
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