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Understanding POS Security: Protecting Your Business and Customer Data

VISTA InfoSec

Don’t Allow Swiped Transactions You may want to avoid processing older magnetic stripe cards in favor of Near Field Communication (NFC) and EMV chip cards. Many cyberattacks specifically target people through phishing and other kinds of social engineering.

PCI DSS 277
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Chip Shield’s $20 Online Fraud Solution

PYMNTS

A new personal chip card reader will soon hit the market with the goal of protecting consumers while shopping and banking online and ultimately preventing online fraud — at an introductory price of just $20. It’s time to start extending chip-based security to protect us online and reverse the rapid growth of fraud and identity theft.”.

CHIPS 40
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Hacker Tracker: Money-making Ransomware, Gmail Phishing, CNP Fraud On The Rise

PYMNTS

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 In many cases, experienced or tech savvy users can spot a phishing email scam from a mile away. Money On The (Cybercriminal) Brain.

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Machine Learning Improves CNP Fraud Detection Rates by 30%*

FICO

While adoption of the EMV payment standard in the US (as embodied in chip cards and panic at the checkout ) has been slow, fraudsters’ gravitation to card not present (CNP) fraud has been anything but. merchants who decide not to, or are unable to accept EMV cards), most consumers have “embraced the chip.”

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Cleafy Turns to AI to Help Banks Combat new Malware Variants in Real-Time and Protect Customers

The Fintech Times

These variants are distributed through various channels, including email attachments, compromised websites, and phishing attempts. The new product update comes as a result of a recent cash injection powered by Italian blue-chip VC, United Ventures and is the first in a series of feature launches planned in the coming months.

AI 88
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Visa Warns Of Rise In Gas Station POS Cyberattacks

PYMNTS

The threat actors compromised the merchant via a phishing email sent to an employee. The targeted merchant accepted both chip transactions at the in-store terminals and magnetic stripe transactions at fuel pumps,” Visa said, “and the malware injected into the POS environment appears to have targeted the mag stripe/track data specifically.

CHIPS 63
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Hacker Tracker: Shimmers, Identity Fraud, And Hacked Hotels

PYMNTS

Despite the growing usage of EMV chip card technology to help safeguard payment card data at the point of sale (POS), cybercriminals are turning to devices called “shimmers” to read card numbers and possibly access a card’s chip and obtain the PIN. Identity Fraud On The Rise.