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Chip and PIN credit cards are hitting Australian shores. Negar Salek, demystifies the emerging secure payment technology and its potential benefits. Opting to use a PIN number for credit card transactions over a signature won’t necessarily improve security nor minimise fraud rates, according to the PEN or PIN project manager.
Researchers at the University of Cambridge have warned that chip and Pin machines are not as secure as the banking industry claims. Three people have been charged with stealing millions of dollars from Citibank customers after they found a way to steal user’s PIN numbers.
As enterprises have become more complex, there has been a corresponding rise in the identities associated with any one individual, said Jackson Shaw, Quest Software. Lenovo is to offer the ability to lock down its ThinkPad laptops remotely by text message.. The V-Station is much like the V-Pass (left), but on steroids. When companies suffer security breaches, it is how they handle them - and the customer - that counts. A gaping hole in the iPhone's security will be fixed next month according to Macworld. PhoneFactor from Positive Networks does this and more. The combination of the product’s functionality, its ease of use and the company’s business model make this a highly innovative multifactor authentication solution.
It is the first UK airline to achieve "end-to-end" Chip and Pin accreditation which means from now on customers on board British Airways (BA) flights can purchase goods using the Chip and Pin system. Failing to protect corporate data opens the corporate purse with no guarantee that it will ever be closed again. US engineers have developed software that can be used with Windows and Linux systems to perform log-ins, digital signing and verification. The majority of consumers are concerned about the security and use of Pins, passwords and 'secret' data used by bank call centres to verify identity. As the Payment Card Industry's data security regulation begins to bite, Barry Mansfield examines its aims and obligations. A unique breach of bank information has hit one of the world's largest banks. So, you’ve got a bunch of applications, networks and devices for which you want strong authentication. Cybercriminals are stealing bank login details from Australian online bankers and selling the data on European black markets for as much as €550 ($913). Hannaford Bros. plans to implement millions of dollars of new technology that will effectively overhaul its IT security infrastructure and allow the recently breached supermarket chain to exceed data security requirements, the company and industry experts said. The Payment Card Industry (PCI) Security Standards Council has officially taken over control of a new data security standard from Visa.