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A sharp hike in the volume and sophistication of phishing scams pushed British online banking fraud losses to record levels of £23 million in 2005 – almost double the previous year’s losses of £12 million, APACS, the U.K. payments association warned yesterday. More than 20 percent of email users receive more than five phishing emails every day, according to a new report. Send your comments, praise or criticisms to scfeedbackus@haymarketmedia.com Credit card processing company CardSystems is banking on an independent assessment validating its compliance with the Payment Card Industry (PCI) data security standard to convince former clients to take it back, but so far none are biting. MasterCard International said today it is responding to a "potential" security breach at a U.K.-based retailer – but would not confirm whether any of its cardholders were affected. Organisations send millions of documents electronically each day, but only around half manage them securely. Jan Howells reports Identity specialist Viisage Technology and biometric technology firm Identix Incorporated announced today that they have entered into a definitive agreement to merge in an all stock transaction valued at approximately $770 million. A few years ago I took the decision to turn my tax affairs over to an accountant. Not that I earn that much, but I simply can’t figure out all the boxes, and it means having to read the manual which has never been a particularly strong point. From the early days of the Internet, credit and charge card companies recognized the enormous opportunities presented to them - but they also saw challenges ahead. From the early days of the internet, credit and charge card companies recognized the enormous opportunities presented to them - but they also saw challenges ahead. Richard Clarke, founder and ceo of Good Harbor Consulting, for continuing to unabashedly criticize anyone who is failing to comprehend the security requirements that go along with using the internet as a business-enabling tool. Even after his service to three presidents, Clarke serves up his cybersecurity knowledge whether your like it or not. Besides frequenting the conference circuit, he recently published a fictional account of terrorism in the U.S., The Scorpion’s Gate, slated to become a motion picture in 2007. More than half of the IT professionals in a recent survey said their companies do not fully understand the requirements mandated by the Payment Card Industry (PCI) Data Security Standard. Microsoft, eBay, PayPal, and Visa teamed up with Whole Security to launch an anti-phishing service that allows companies to report and block bogus web sites. The huge security breach that exposed more than 40 million credit cards to potential fraud appears to be the work of organized criminals, experts said Monday. Data security experts are raising the alarm: viruses are getting increasingly more specialized and have lately attacked SQL Server installations that did not install the latest Microsoft security patches. The National Association of Attorneys General has sent a letter to CardSystems Solutions demanding that the company notify all customers affected by a security breach that exposed millions of credit cards to potential fraud. Forty million credit cards were exposed to potential fraud in a security breach at a payment-card processor. The security experts at Visa announced that the company is changing the criteria for merchants required to comply with Payment Card Industry (PCI) Data Security Standard.