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Were 3.25M Indian Debit Cards Breached?

PYMNTS

million debit cards in India will either have their security codes changed or their cards swapped out wholesale due to concerns that the data may have been breached in one of the nation’s biggest security incidents ever. million cards, the majority are on the Visa or Mastercard platform — 2.65 As many as 3.25

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E-commerce merchants face digital skimmer threat

Payments Source

In the same way a card skimmer steals credentials at an ATM, gas pump or point-of-sale terminal, the Magecart malware hides beneath the surface of a website with a digital skimmer to obtain card and personal information.

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April 2014: A Busy Month for Fraud Alerts!

Jack Henry

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.

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Sizzle Fizzle: Déjà Yahoo All Over Again

PYMNTS

By boosting the Fed funds rate for the first time in a year, all sorts of attendant interest rates are going to be on the upswing, from mortgage rates to auto loans to — well — vanilla, standard loans and credit card rates. The impact may be longer term in nature, but the benefits will accrue to banks’ bottom lines.

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Banks battling a barrage of cyber attacks

NCR

Banks are under cyber attack every day and although this sector has made great strides, their ability to detect a breach and take immediate action is still a work in progress. There are so many different types of cyber attacks and they are dynamically changing every day. Cardless ATM transactions are one example.

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Mastercard’s ‘selfie payments’ mark new era for biometrics and security

NCR

Ajay Bhalla, president of enterprise risk and security at Mastercard, said: “We are relentlessly focused on making the online payment experience near frictionless, without making any compromises on safety and security. This is a significant milestone in the evolution of payments. ” Staying ahead of evolving threats.

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From Vault to Vulnerability: Modern Day Bank Robbers Hit the Web

NCR

Instead, Carbanak targeted the banks’ internal money processing services and automated teller machines (ATMs). Securing the Vault. While bank IT teams have made strides to protect customer data and limit credit card fraud, the security of the bank’s own internal systems has been taking a backseat.