ABC News(NEW YORK) — When it comes to stealing credit card information, it’s unfortunately as easy as swiping your card in any skimming device. Credit card fraud is now a $16 billion a year problem in the United States alone, and every hour, thieves with skimmers are stealing Americans’ credit…
String of credit card thefts Man gets 4 years in prison
Source: National Cyber Security – Produced By Gregory Evans A Santa Fe man will spend three years and four months behind bars for his role in what a judge described as an “ongoing crime wave of identity theft and fraud.” Johnny Moreno, 41, on Tuesday pleaded guilty to 14 counts…
What You Need to Know About the New Credit Cards
Source: National Cyber Security – Produced By Gregory Evans In October of 2015, a new law went into effect that addressed the liability companies will face when consumers are victims of credit card fraud. According to the Wall Street Journal, the U.S. is the source of almost half of the world’s…
Bay County Sheriff’s Office investigating credit card fraud
Source: National Cyber Security – Produced By Gregory Evans The Bay County Sheriff’s Office is investigating the use of a fake credit card in Panama City. In October a business owner found someone used the company’s credit card for a $214 purchase. The business owner still had the card, so…
This fintech startup has a solution to credit card fraud
Source: National Cyber Security – Produced By Gregory Evans Scramcard, a startup founded by former Westpac chief security officer Simon Hewitt, wants to solve credit card fraud – with something that looks like a credit card. Credit and debit card fraud cost banks and businesses over $16.31 billion globally last…
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…
Terrorists Use Credit Cards Too — Anti-Fraud Software Could Catch Them
Source: National Cyber Security – Produced By Gregory Evans The Belgian residents who were linked to the November terrorist attack could have been stopped with real-time sophisticated analytics that can detect behavioral changes in credit and debit card usage, said Dr. Akli Adjaoute, founder and CEO of Brighterion, a company…
Here are 6 ways to protect yourself from credit card frauds
Source: National Cyber Security – Produced By Gregory Evans This year in September, police arrested a student from Vadodara for illegally using credit cards of three American nationals to book air tickets. In March 2013, two top officials of an online shopping portal were arrested after almost 200 complaints were…
Credit card abuse and identity theft spiking
Source: National Cyber Security – Produced By Gregory Evans While crime in Denmark is overall on the decline, one area is booming. The number of reports of online credit card fraud, phishing emails and other types of attempted identity theft have doubled just since last year. In 2014, the police received…
Mobile Holiday Shopping Tips: How To Keep Your Personal And Credit Card Information Secure While Shopping With Your Smartphone
Source: National Cyber Security – Produced By Gregory Evans The rise of mobile apps and online stores has made it easier than ever for consumers to shop from their phones without the need to step into a store. But hackers and digital thieves have taken notice of the pool of mobile…