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

NCR

‘No compromises on security’ Mastercard said Identity Check Mobile will make online shopping simpler for consumers, without compromising safety and security. The post Mastercard’s ‘selfie payments’ mark new era for biometrics and security appeared first on Banking.com.

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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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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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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. So Now What?

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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. The Aite Group projects that card-not-present fraud alone is estimated to jump to $7.2.billion Cardless ATM transactions are one example. billion by 2020.

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

NCR

But as attacks continue to become more targeted and sophisticated, IT teams are struggling against a range of agents, from common hackers to nation-states, to keep their networks and their vaults secure. Instead, Carbanak targeted the banks’ internal money processing services and automated teller machines (ATMs). Securing the Vault.