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The UK Association of Payment Clearing Services (APACS)has announced that it is testing new technology, which will enhance the security of online transactions and reduce card fraud. Customs is warning Australians - ordering goods from overseas via the Web - that an email from a Hotmail account, claiming to be from Customs and asking for the payments of fees, is a scam.
Domain name owners are the target of a sophisticated scam disclosed by the US SANS Internet Storm Center late last week. TowerGroup research predicts an explosion of mobile malware during 2007. The personal information of as many as 70,000 current and former Vermont residents may have been compromised by hackers using a trojan to breach state PCs last month. A MoneyGram International server has been breached, allowing cybercrooks access to the personal information of nearly 80,000 people. Banking association investigates warning that consumers could be duped. 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. Three laptop computers containing the payroll details for the Metropolitan Police Service in London have been stolen. 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. Vulnerable SMBs are losing money and time as spam attacks shift towards them and away from better protected enterprises, attendees to a Government run seminar for National E-Security and Awareness Week claimed yesterday. SEPTEMBER Count the Department of Education as the latest federal agency to experience a privacy breach after the personal information of as many as 21,000 student borrowers accidentally appeared on its loan website. Digital identification vendor Viisage has agreed to acquire Iridian Technologies, maker of iris recognition solutions, for $35 million. Want a new job? The FBI has some words of warning for you. "The consensus was that people and processes are often the lowest common denominator in identity theft" To the law-abiding internet user, online payment systems offer immediacy, convenience, safety and a global reach, while keeping transaction costs to a minimum. To the cybercriminal, such services offer the same benefits — plus something even more attractive: secrecy. A hacker on Wednesday hijacked a server on the Nebraska’s child support payment computer system, gaining access to the personal information of more than 300,000 individuals and employers who pay and receive child support, state Treasurer Ron Ross said today. Smart cards make perpetrating fraud considerably more difficult than "traditional" magstripe cards. In regions where offline processing is the dominant method for processing transactions this especially is true. As a result — and even though we have driven payment card fraud to an all-time low — our industry is now seriously exploring how smart card technology can become the primary driver in the evolution of payment card security.