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As might be expected, email users are beginning to see the first stages of what is expected to be a major phishing attack capitalising on the populace's eager expectation of IRS refund checks, as well as the Bush administration's economic stimulus payment distribution, scheduled to begin May 2. June 30 marks an important date for any company that takes online credit card payments. Biometric technologies for authentication purposes are years away from being ready for use, according to head of security at UK’s trade association for payments, APACS. Identity theft has become a multi-billion dollar issue that continues to accelerate, and protecting against it has become a multi-million dollar business, says Deloitte's Mark Steinhoff. With IT budgets being squeezed many companies will be forced to think about improving the security of their legacy systems, Benjamin Jun, told at the RSA Conference Europe 2008. IT managers are facing a tough time ahead as the economic crisis leads to the consolidation of several major banks and their respective IT systems. Symantec has announced plans to acquire MessageLabs for nearly US$700m in cash. Researchers have successfully cracked the security of the Oyster card used for fare payments on buses and tubes in London. Credit and charge card fraud rates increased in 2007, as more dollars were lost to fraudulent overseas online merchants, according to the Australian Payments Clearing Association (APCA). Internet users still make irresponsible online purchasing decisions despite ongoing warnings about the dangers of responding to unsolicited emails, a new survey has found. Forget SSL injection and cross-site scripting, there's a new website vulnerability in town -- and you can't scan for it. HMRC has radically improved its data security measures since the breach which caused it to lose 25 million child benefit records in October last year. Department sent thousands of banking details to wrong addresses. In spite of efforts to halt electronic fraud, the internet has remained a dangerous place to do business, according to a report from the European Commission. Chip and PIN credit cards are hitting Australian shores. Negar Salek, demystifies the emerging secure payment technology and its potential benefits. The organisation charged with directing the Payment Card Industry Data Security Standard (PCI DSS) announced the second version of the credit card protection guidelines is scheduled for an October release. Security concerns are prohibiting Australians from using mobile devices to pay bills, shop or bank online, the latest Unisys Security Index has found.



The Payment Card Industry (PCI) Security Standards Council has officially taken over control of a new data security standard from Visa. Despite a nationwide decline, identity theft is still a major concern of consumers because criminals have become more creative in how they steal personal information, according to a report released Monday by Javelin Strategy and Research. A swifter assessment process may soon await merchants and service providers trying to demonstrate compliance with Payment Card Industry (PCI) standards.