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Why US Credit Card Fraud Complaints Are On The Rise

PYMNTS

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

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From Russia, With Malware: US Charges Hackers In $100M Bank Fraud

PYMNTS

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. They are connected with a Russian hacking group known as Evil Corp., which has been known to release malware.

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From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud

PYMNTS

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. They are connected with a Russian hacking group known as Evil Corp., which has been known to release malware.

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Taking A Data-Driven Approach To Meeting CU Members’ Banking Needs

PYMNTS

CUs are seeing an increased number of phishing emails and overall digital fraud since the pandemic started, with 22 percent of American consumers reporting they have been targeted by virus-related online fraud, according to one survey. Deep Dive: Emerging CU Fraud Threats And How Data Analytics Can Help.

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Hy-Vee Says Customer Credit Card Info Was Compromised

PYMNTS

Des Moines, Iowa-based supermarket chain Hy-Vee said credit card information for an undisclosed number of customers were exposed in a data breach, according to reports. “Hy-Vee Hy-Vee takes the security of payment card data very seriously,” the company said in a statement on its website. “We

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Card Safeguards

Independent Banker

As chip cards become standard, counterfeit card fraud in the U.S. Here are five ways to fight fraud in the wake of the widespread deployment of EMV chip cards. Card-not-present fraud will likely rise, especially online. Both MasterCard and Visa have programs that establish a unique password for online purchases to combat fraud.

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Darden Cyberattack Puts 567K Cards At Risk

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Darden said the Cheddar restaurants impacted are located in Alabama, Arizona, Arkansas, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin.

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