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Low-Cost Mobile Card Readers Have Security Flaws

PYMNTS

Positive Technologies researchers Leigh-Anne Galloway and Tim Yunusov are warning that new lower-cost payment systems could hurt companies because of security flaws that could enable hackers to steal credit card data or change the value of what people are purchasing. The card readers typically attach to a tablet and or smartphone.

Security 111
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Earl Enterprises Acknowledges Data Breach Of 2M Cards

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Buca di Beppo , the Italian restaurant chain, reportedly knew about a data breach that resulted in two million credit card and debit numbers being stolen since Feb. KrebsOnSecurity said credit and debit card accounts from Earl Enterprises restaurants were up for sale as of Feb. 21 — but waited until the end of March to reveal it.

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MGM Resorts Admits To 2019 Hack

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The hotel said the data breach didn’t involve any password, financial or payment card information, and that all the guests who were affected were notified of the incident. The resort said it had upgraded its security to make sure a data breach like this one never happens again.

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How US Mobile Leverages Digital Identity To Protect Against SIM Swap Fraud

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Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Such security methods can be critical to preventing fraud that targets mobile users, of which one of the most prevalent types is SIM swap fraud. It's that easy.”.

Fraud 178
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Samsung Denies Samsung Pay Can Be Hacked Via The Tokenization Process

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9) denying that Samsung Pay can be hacked after a security researcher demonstrated how it can be done at a recent Black Hat conference. On its website , Samsung said: “Keeping payment information safe is a top priority for Samsung Pay, which is why Samsung Pay is built with highly advanced security features.

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Digital Security 2016: At The Crossroads Of Biometrics, EMV And Mobility?

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It’s been a busy 12 months since the last Money20/20, as new technologies and threats have disrupted the security space time and time again. Similarly, the continued steady global increase in the use of mobile devices helped fuel the development and release of new tools to security companies, as well as access to richer, deeper user data.

Security 100
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Justice Department Announces Three Dozen Indictments In $530M Cyber ID Crime Spree

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Members of the Infraud Organization acquired consumers’ identities and sold them, as well as compromised credit and debit cards, and all over a period of seven years. The forum had amassed nearly 11,000 members, according to the indictment.

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