article thumbnail

Who Raided Tesco — and How — Still Unclear

PYMNTS

the questions surrounding Tesco’s cybersecurity breach remain: Whodunit — and how? Tesco had on Monday halted online transactions tied to current accounts. But in the meantime, said Reuters, full online access to services would not be restored until the cybersecurity breach had been fully explored and explained. Across the U.K.,

Breach 69
article thumbnail

FICO’s Take On Debit Security

PYMNTS

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Around The Next-Gen Debit World. A Big-Picture Approach To Thwarting Debit Fraud.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Who Raided Tesco — and How — Still Unclear

PYMNTS

the questions surrounding Tesco’s cybersecurity breach remain: Whodunit — and how? Tesco had on Monday halted online transactions tied to current accounts. But in the meantime, said Reuters, full online access to services would not be restored until the cybersecurity breach had been fully explored and explained. Across the U.K.,

Breach 53
article thumbnail

Deep Dive: Assessing And Tackling Debit Card Fraud

PYMNTS

Cybercriminals have more opportunities than ever to swipe debit card numbers and PINs from online consumers, and false websites, large-scale data breaches and skimming tools can compromise account information. Fraudsters are increasingly savvy, though, and retailers cannot afford to relax much. . Fraud And The Problem Of Convenience.

article thumbnail

Bitcoin Daily: Bitcoin-Stealing Malware Attacks 700K Websites; Blockchain Tackles Renewable Energy Trading

PYMNTS

At this time, there is no evidence that any personal information within our network was breached, however, ITS will continue to analyze and monitor for suspicious activity in the days and weeks ahead. As of today (November 7), some services have now been restored such as Wifi, Moodle, DCB and debit transactions, among others.

Bitcoin 73
article thumbnail

People's United Bank On How ML And Rules-Based Analysis Work In Tandem For Fraud Prevention

PYMNTS

Boyer and Frank Wheelahan , manager of digital fraud channels for People’s United, explained the nature of the fraud threats targeting debit transactions in 2020 as well as the ML and rules-based tools the bank deploys to combat these threats. Debit Fraud Threats In The Time Of eCommerce.

article thumbnail

EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

Related Post: The True Cost of Debit Card Transactions When purchasing equipment or deciding on how you’ll accept cards, consider adding a PIN pad so customers can enter PINs for debit transactions. This helps mitigate the risk of data breaches and unauthorized access to cardholder information.