The U.S. Congress supports MagTek in Wiping Out Counterfeit Card Fraud
Congressional Record - January 21, 2010
Excerpt from a speech to the Federal Deposit Insurance Corporation (FDIC) Payment Security Conference. (Read...)
Doin' It Right
The Green Sheet - November 9, 2009
Security and anti-fraud technology solutions provider MagTek Inc. reported that its MagneSafe technology for Secure Card Reader Authentication (SCRA) (Read...)
Payment Card Industry Meetings Address Future of Card Security
Transaction Trends, July 2009, by Mimi Hart
PCI Security Standards Council meetings review issues such as card fraud and encryption butoverlook solutions (Read...)
Transaction Security, Evolved
Transaction Trends, July 2009, by Mimi Hart
Authentication makes transactions as easy as they once were and safer than they are now. (Read...)
Chilean Bank Claims Perfect Record for Antifraud System
American Banker, June 8, 2009, by Daniel Wolfe
A Chilean bank claims it has completely eliminated some types of fraud using technology that enables automated teller machines to spot counterfeit cards. (Read...)
Iron-Particle ‘Fingerprint’ Could Thwart Data Thefts
American Banker, March 23, 2009, by Daniel Wolfe
WASHINGTON — Tiny iron particles may be the next item in the banking industry’s antifraud toolkit. (Read...)
Attack of the skimmers: ATM fraud on the rise?
By Jason Cochran, April 10, 2009 at 4:30PM, WalletPop.com
Consumerist reports that within the space of a few days, three readers across the country have spotted "skimmers" grafted onto the card slots of their local ATMs for WaMu and Chase banks. Are these devices on the rise? (Read...)
Three Arrested Using Card Data Tied to Heartland Breach
Cardline, February 20, 2009
Three Florida men have been arrested for allegedly using counterfeit cards to make more than $100,000 in fraudulent purchases at Wal-Mart discount stores near Tallahassee, Fla. (Read...)
Visa Pilots New Payment Card Security Initiatives
By Jaikumar Vijayan, March 23, 2009
Acknowledging the need for controls that go beyond those offered by the Payment Card Industry (PCI) Data Security Standard, a senior Visa executive Thursday described two new initiatives to reduce payment card fraud being tested by the company. (Read...)
PCI Debate: How Do We Raise the Bar on Security?
Bankinfosecurity.com, April8 2009, by Linda McGlasson,
The "security bar" has to be raised on the Payment Card Industry Data Security Standard (PCI DSS), and it has to happen now. (Read...)
Latest ATM-Skim Skirmish Illuminates War on Fraud
By Daniel Wolfe, American Banker, April 13, 2009
An automated teller machine skimming scam exposed last week is shining a light on the never-ending "arms race" in security technology. (Read...)
Card Processor Admits to Large Data Breach
By Kim Zetter, January 20, 2009
A large credit card processing company was breached in an attack late last year that may have compromised more than 100 million accounts. (Read...)
10 Faces of Fraud: The Greatest Risks to Banks in 2009
By Linda McGlasson, December 9, 2008
From Hannaford Brothers to Countrywide, this year has been full of stories of criminal activity on the Internet, with hackers and phishers wreaking havoc on computer systems and consumers, causing credit and debit fraud numbers to soar. (Read...)