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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S.

San Diego 130
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Bluetooth Security Flaw Makes Data Vulnerable To Attack

PYMNTS

A new Bluetooth security flaw was discovered that could leave users’ data unprotected and open to hackers, The Verge reported on Friday (Aug. The weakness was discovered by researchers who presented their findings at the USENIX Security Symposium. But the technology also makes it easier to counteract attacks.

Security 121
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New App Pinpoints Card Skimmers On Gas Pumps, ATMs

PYMNTS

As credit card skimmers have gotten smarter, they have also gotten easier to detect, thanks to Bluetooth broadcasting that announces the presence of enabled devices. Now there is an app that can wirelessly reveal the thievery technology, as reported on Wednesday (Aug. student Nishant Bhaskar. states, the report noted.

ATM 116
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Deep Dive: Emerging Security Threats Facing The CU Space And How Data Analytics Can Help

PYMNTS

Advances in technology are making consumer transactions seemingly more secure, but cybercriminals are still finding sophisticated ways to beat systems and commit financial fraud. Clicking can initiate malicious attacks and spyware that can steal passwords, credit card numbers and other data from browsers.

Analytics 141
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Pride Vendors Look To Triple Sales With mPOS

PYMNTS

Companies across the globe are innovating their mPOS solutions for faster, more secure services. In this month’s feature story, PYMNTS caught up with vendors from Boston and San Diego to explore how mPOS is becoming increasingly critical to winning business at Pride events. Around the Mobile Point-of-Sale World.

San Diego 130
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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

While the days of the good ol’ “stickup” bank robbery, cybersecurity threats are rapidly growing in number and complexity, and even the most advanced security teams scramble to keep up. After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. Damage control is all that remains.

Fraud 63
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Reflections 2022: The Power of Patents and the People Behind Them

FICO

Some of the patents granted this year that are most meaningful to me include: “Visualization for Payment Card Transaction Fraud Analysis,” which relates to a computer-implemented method and system for visualizing payment card transactional fraud analysis. This technology is incorporated into FICO® Falcon® Fraud Manager.