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UK's National Cyber Security Centre fights payment card fraud

The Paypers

(Telecompaper) The National Cyber Security Centre (NCSC) , Britain's cyber-defence centre has prevented more than one million cases of suspected payment card fraud in 2018, its annual review reveals.

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Finance Ministry: India Retailers With $7M+ Sales Must Accept Debit Cards

PYMNTS

50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . RuPay is a payment network offered by National Payments Corp. The finance ministry in India passed a new regulation saying that companies with sales of more than ?50

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Glitch At National Bank of Canada Exposes Personal Information

PYMNTS

The National Bank of Canada, the sixth largest lender in Canada, has become the latest high-profile firm to announce a data breach. According to a report in Reuters , the National Bank of Canada said Thursday (Sept. The revelation on the part of National Bank of Canada comes as consumers in the U.S.

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Leader Of Russian Cybercrime Ring Pleads Guilty

PYMNTS

Launched in the Ukraine a decade ago, the internet-based cybercriminal enterprise stole identities, compromised debit and credit cards and personal, financial and banking information and spread computer malware, the Justice Department’s Criminal Division said in a statement. In April, a joint study by the U.S. and the United Kingdom.

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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

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UK Police Investigate Travelex Ransomware Attack, Ransom Demand

PYMNTS

The gang demanded $6 million in ransom in exchange for not releasing sensitive information regarding Travelex customers, including birth dates and credit card numbers. Discovered on New Year’s Eve, the cyberattack is now the focus of a criminal investigation, led by the Metropolitan Police.

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Mastercard May Seek Payment Licensing In China

PYMNTS

Ann Cairns, president of international markets, said in an interview with Reuters that China is extremely important to the future of the company and that the credit card company is poring over the rules in China to see how they would impact the company’s business. That was welcome news to credit card companies, particularly U.S.-based