VISTA InfoSec

MAY 12, 2024

According to the Identity Theft Resource Center’s (ITRC) 2023 Business Impact Report , 73% of small business owners in the US reported a cyber-attack within the previous year, underlining the growing popularity of small businesses as a target among malicious actors.

PCI DSS 277

PCI DSS Security Compromise Best Practices 277

PYMNTS

JULY 27, 2016

According to ValuePenguin, it’s likely that credit card fraud will continue to migrate online as EMV chip cards have made it harder for card-present fraud to work. But since then, reported breaches have more than doubled.

Credit Cards 43

Credit Cards Federal Trade Commission Data Breach Identity Theft 43

FICO

AUGUST 2, 2018

With the North American chip card deployment, fraud has migrated to “paths of least resistance”. EMV has disrupted a $4 billion industry that seeks to find a new home in application fraud, card not present fraud, and more. In the US today, there is a new identity fraud victim every two seconds.

Identity Theft 40

Identity Theft Chip Cards EMV CHIPS 40

The Payments Association

OCTOBER 4, 2024

Cybercriminals are constantly innovating, targeting vulnerabilities in payment systems to carry out unauthorised transactions, identity theft, and data breaches. While technologies like EMV chip cards (chip & pin), tokenisation, and biometrics have been developed to enhance security, fraudsters continue to adapt.

Online and Mobile Banking 88

Online and Mobile Banking Cross-Border Payments Cross-Border Alternative Payment Methods 88

FICO

FEBRUARY 5, 2018

Actually, application fraud and identity theft were the primary fraud risk concerns back in the early to mid-‘90s. Then, as fraud protection controls got stronger, the risk migrated to card fraud. However, we’ve now come full circle and are seeing a global resurgence in identity theft (as well as card not present or CNP fraud).

Best Practices 60

Best Practices Identity Theft Online and Mobile Banking Risk 60

PYMNTS

FEBRUARY 3, 2017

According to TechCrunch , devices called “shimmers” can now read your card number and possibly access your card’s chip and obtain your PIN number. Shimmers are actually not new — the security breach has been around since 2015, but many assumed cards equipped with chips were immune to it. in 2016.

CHIPS 41

CHIPS Credit Cards Chip Cards EMV 41

PYMNTS

FEBRUARY 6, 2018

Perhaps the last and best hope in the battle against ID fraud – the kind that brings ruin to credit reports and billions of dollars in losses to card companies and merchants. This is the number of consumers were the victims of identity theft in 2016. Data Point Number Two: 15.4 Data Point Number Three: $6 billion And 20.7

Identity Theft 48

Identity Theft Social Security Addressing Consumer 48