Source: National Cyber Security – Produced By Gregory Evans With more and more people logging into e-wallets or m-wallets for daily payments, the target for hackers has increased exponentially, experts warn, suggesting that upgraded security is the only way to safeguard millions of first-time users and small and medium The…
Apple says it won’t let banks use the contactless payment tech in iPhones for security reasons
Source: National Cyber Security – Produced By Gregory Evans Apple really doesn’t want to let anyone else use its contactless payment technology. Modern iPhones come bundled with NFC chips that let users pay for things easily via Apple Pay, and the Cupertino giant is fighting back against attempts from The…
Wendy’s says payment card info accessed in malware attack
Source: National Cyber Security – Produced By Gregory Evans Criminals stole credit card info — including names and numbers — in a malware attack revealed earlier this year at more than 300 franchise locations in the US. Wendy’s is serving up more details about a malware attack on its point-of-sale…
IT warned to act now or risk losing access to vital online payment services.
Source: National Cyber Security – Produced By Gregory Evans Online businesses in the UK are being warned by Bacs Payment Schemes Limited (Bacs) that they could be locked out of secure websites including those used to make salary payments, if they don’t act to update their systems. From 13 June,…
Few Retailers Accepting ‘Chip’ Credit Card Payment Feature for Holidays
Source: National Cyber Security – Produced By Gregory Evans Maybe you’ve noticed: At many stores, both big and small, you still have to swipe the magnetic stripe on your new chip-enabled credit card, rather than insert or dip it into a chip-reader. Edgar Dworsky, founder of the website ConsumerWorld.org, wondered…
POS made Michaels, Aaron Brothers risk millions of payment cards
Source: National Cyber Security – Produced By Gregory Evans Two independent security firms that dates back to January, arts and crafts retailer Michaels Stores confirmed that, much like retail giant Target, its U.S. stores had experienced a payment card breach. The Michaels breach involved malware on point-of-sale systems that neither…
LG is apparently planning to launch a mobile payment service dubbed G Pay in the US and South Korea
According to a new report from LG’s home market of South Korea, LG is developing its own mobile payment platform to compete against rival offerings from Samsung, Google, and Apple. It was recently discovered that LG has applied to register the G Pay trademark in both South Korea and the…
LoopPay hackers sought intellectual property, breach adds to mobile payment security challenges
Source: National Cyber Security – Produced By Gregory Evans LoopPay, the technology acquired by Samsung in its bid to differentiate itself from Apple Pay, was reportedly breached months ago by a Chinese hacking group looking to replicate its technology, Samsung has confirmed. The LoopPay network is physically separate from Samsung…
Card-not-present payment fraud is poised to grow
Source: National Cyber Security – Produced By Gregory Evans Already accounting for 25% of losses due to fraud globally, card-not-present fraud is expected to grow as U.S. card issuers roll out tougher-to-counterfeit chip cards. U.S. retailers may soon be tussling more with criminals who try to fraudulently use payment cards…
The US will get a chance to try a hacker who allegedly helped steal millions from payment processors
Source: National Cyber Security – Produced By Gregory Evans A man allegedly behind some of the world’s biggest and most lucrative hacks is going to be tried in US courts. Turkish citizen Ercan Findikoglu has been extradited to the United States and is being charged with helping execute a series…
