PYMNTS

FEBRUARY 10, 2017

Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. In this week’s Hacker Tracker , PYMNTS was joined by Alex Cagnoni, CEO of Datablink , who shared some interesting insights on some of the latest news across the cybersecurity landscape.

Account Takeovers

PYMNTS

JANUARY 13, 2020

The launch of EMV chip cards in the U.S. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. Among those not tuning it out is the National Retail Federation (NRF), which has complained about the EMV-PIN weakness and the liability issues it creates for NRF members.

EMV

PYMNTS

AUGUST 18, 2017

Between account takeovers, business logic abuse, loyalty and reward points fraud and other cybersecurity attack methods, companies are not only suffering financial damages but brand image damages too. Not according to Angel Grant, director of Global Product Marketing and Strategy for cybersecurity firm RSA.

Security

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s are in a perfect storm of rapid online sales growth at the same time that the credit card industry is continuing to transition to EMV chip technology.

Phishing

Evolve Payment

NOVEMBER 19, 2024

At Evolve Payment, we are well-versed in the PCI compliance process, and offers a more boutique approach to the big cybersecurity companies. Ecommerce transactions don’t have EMV (an acronym for Europay, Mastercard, and Visa, but really just means the chip on your credit card) capabilities, so they are especially vulnerable.

PCI DSS

PYMNTS

JUNE 22, 2017

The threat cybersecurity holds over corporations today is massive. The majority of CFOs surveyed (and 62 percent of all execs surveyed) told Vesta and CFO Research that their experience with fraud has increased since the introduction of EMV chip cards, displaying both an increase in the number of and value of credit card chargebacks.

Innovation

PYMNTS

APRIL 5, 2016

FireEye Threat Intelligence posited that the current transition to EMV in the retail space created the perfect opportunity for TREASUREHUNT to up its game, as it were. The demand is likely due to the ongoing transition to EMV chip-and-PIN technology in the United States, which will eventually render these techniques largely useless.

Data Security

FICO

MARCH 8, 2017

Here’s a typical cheer : "Retail leaders should implement biometric authentication as an alternative to the EMV and other bankcards. This is especially true in today’s omnichannel world where an EMV chip won’t protect fraud that occurs outside of a brick-and-mortar establishment.". The best defense is constant vigilance.

Encryption

FICO

MARCH 8, 2017

Here’s a typical cheer : "Retail leaders should implement biometric authentication as an alternative to the EMV and other bankcards. This is especially true in today’s omnichannel world where an EMV chip won’t protect fraud that occurs outside of a brick-and-mortar establishment.". The best defense is constant vigilance.

Encryption

PYMNTS

MAY 16, 2016

But things heated up last week when Walmart sued Visa over EMV and chips without PINs. At issue is the fact that Visa currently prohibits Walmart from insisting its customers use a PIN when paying with a chip-embedded card. Seventy percent of Walmart’s chip-based transactions are on debit cards. Banks Under Siege.

Central Bank

PYMNTS

NOVEMBER 20, 2018

Innovators large and small are addressing some of the many friction points of paying suppliers with a commercial card, from a lack of vendor acceptance to inefficient reconciliation to cybersecurity risks. Christopher Ward, the technology aims to build on top of the progress that EMV chip technology made in combating card-present fraud.

Commercial Card

PYMNTS

DECEMBER 13, 2016

Since EMV launched and chip technology has made it harder to defraud card-present transactions, fraudsters are moving over into card-not-present transactions. Radial has a Fraud Technology Lab at its headquarters, staffed with data scientists tasked with pouring through data to find fraud trends in the industry.

Cross-Border

PYMNTS

AUGUST 10, 2016

Samsung Pay is considered safer than payment cards because it transmits one-time-use data at the vast majority of merchants that do not yet have EMV (smart payment) terminals. When someone is purchasing something using Samsung Pay, a chip within the phone sends off a signal that acts as the magnetic strip on a credit or debit card.

Process

Exact Payments

JANUARY 4, 2024

Cardholder data, such as the primary account number, cardholder name, and expiration date, is different from sensitive authentication data like CVV, track data, PIN/PIN Block, and EMV chip data. Organizations must store the bare minimum, track retention time and location, and conduct quarterly purges.

PCI DSS

PYMNTS

MAY 13, 2016

Merchants and Chip Cards. EMV is just too slow at checkout and the process needs to be faster. Last month, both Visa and MasterCard released new specs that enable a “swipe-like” consumer experience such that consumers can insert and remove their chip cards without having to wait for the transaction to be completed. Alt Lending.

Chip Cards

PYMNTS

NOVEMBER 23, 2018

So the right cybersecurity move is to view such fraud as a step toward bigger fraud attempts. The spread of EMV chip cards is “pushing card fraud to card-not-present situations” — a trend fueled by criminals’ use of digital and web technology to scale their operations. One big reason?

Account Takeovers

PYMNTS

OCTOBER 6, 2017

One Denmark insurer, Tryg , predicts that 90 percent of corporate customers will buy cybersecurity insurance within the next five years. Ideally, it would work something like an EMV chip: to access the data would require the owner to enter a pin. Voices everywhere, especially outside the U.S.

Social Security