eCommerceNews UK - Technology news for digital commerce decision-makers

Credit card fraud stories

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67% rise in fraud losses in the UK in 2022, says money.co.uk
Wed, 15th Mar 2023
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fintech
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cybersecurity
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online shopping
The personal finance experts at money.co.uk, in their 2022 Fraud Report, have revealed the average monthly losses to fraudsters in 2022 to be over £333 million.
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Combating identity deception with a people-centric approach
Wed, 30th Nov 2022
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email security
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passwords
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credit card fraud
Activity that was once carried out face-to-face has shifted to the Internet, leading to an explosion of new identity elements as people and businesses interact with minimal physical engagement.
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Entrust advances Sigma Instant Issuance Platform for cards
Thu, 15th Sep 2022
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cybersecurity
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encryption
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cloud banking solutions
Unique light curing module for Entrust Sigma instant issuance systems brings new financial card durability and personalization to card issuers.
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Netcetera partners with EML Payments Ltd. to enhance secure payment solutions
Fri, 14th Jan 2022
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nac
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commerce systems
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payment gateways
EML Payments Ltd. has partnered with secure digitisation company Netcetera to implement their state-of-the-art Access Control Server (ACS), which includes a Risk Based Authentication (RBA) solution.
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Online credit card fraud on the rise leading up to holiday season
Thu, 16th Dec 2021
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cybersecurity
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online fraud
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credit card fraud
Analysis from AusPayNet serves as a reminder for consumers and merchants to be vigilant online this holiday season, with research indicating a significant increase in credit card fraud.
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Romanian nationals jailed for card skimming
Fri, 9th Oct 2020
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customs
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credit card fraud
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fraud
The equipment was used to obtain credit card details of more than 122 New Zealanders, and to steal approximately $75,380 from many of them.
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Natural disasters, card fraud Kiwis’ top security concerns
Wed, 8th Jul 2020
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dr
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credit card fraud
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unisys
A study by Unisys reveals the security concerns of Kiwi consumers in the world of COVID-19.
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Cybercrims' web skimming strategies taint web analytics platforms
Tue, 30th Jun 2020
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bi
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data analytics
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cybersecurity
“This is a technique we have not seen before, and one that is particularly effective."
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Card skimming tech seized in Auckland
Mon, 27th Jan 2020
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atm
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new zealand police
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customs
Two people were arrested on charges of importing goods for a dishonest purpose, including skimming devices and a card writing machine.
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Meeting the card payment industry’s compliance requirements - Kemp
Tue, 18th Jun 2019
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ddos
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compliance
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credit card fraud
Combating CNP (card not present) fraud has become a key priority across the entire eCommerce community.
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Kathmandu breached, customer information accessed
Thu, 14th Mar 2019
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cybersecurity
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breach prevention
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data breach
Kathmandu is notifying potentially affected customers directly and has advised them to change their passwords for its online loyalty programme.
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Hands-on review: The Ekster Wallet protects your cards against RFID attacks
Tue, 15th Jan 2019
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gaming
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reviews
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technology gifts
For some time now, I’ve been protecting my credit cards with tinfoil. The tinfoil hat does attract a lot of comments, but thanks to Ekster, those days are now happily behind me.
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Ticketmaster breach part of massive digital credit card skimming campaign
Thu, 12th Jul 2018
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breach prevention
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cybersecurity
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credit card fraud
The campaign is executed by the threat group Magecart and affects over 800 eCommerce sites around the world.
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Online businesses under siege from botnet DDoS attacks and credential abuse – report
Wed, 4th Jul 2018
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ddos
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phishing
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email security
Attack traffic origination against from China and Russia combined was three times the number of attacks from the US.
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How to mitigate cyber risks while travelling
Tue, 9th Jan 2018
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wireless networks
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digital shadows
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credit card fraud
Over the past year, compromises of payment card data, network intrusions, and cyberattacks using hotel Wi-Fi have plagued the hospitality industry.
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$534m lost in 2016 as credit card fraudsters ditched the plastic & moved online
Mon, 7th Aug 2017
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credit card fraud
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uk
Physical credit card fraud is on the decline as online fraud takes its place, according to new statistics from the Australian Payments Network.
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Digital Shadows discovers credit card crime ring cashing in on $24b a year
Tue, 25th Jul 2017
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cybersecurity
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online fraud
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credit card fraud
A professional ecosystem has emerged that is providing e-learning courses to allow aspiring cybercriminals to make USD$12k in monthly earnings.
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Flokibot Point of Sale credit card theft on the rise
Thu, 2nd Feb 2017
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pos
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inventory management systems
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arbor networks
Threat actors salivate at the thought of an increased volume of credit and debit card transactions flowing through endpoints they have compromised.
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AMEX phishing scam uses encryption to lull users into ‘false sense of security’
Fri, 27th Jan 2017
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encryption
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phishing
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email security
A new fake AMEX phishing attack uses tactics that lull users into a false sense of security: A mirrored website and SSL certificates, says MailGuard.
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Fighting bank fraud and improving the customer experience: Can they work together?
Wed, 27th Apr 2016
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cloud services
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public cloud
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cx
Decreasing the risk of bank fraud and improving the customer experience are both based on knowing the customer - can they work together?
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How to protect your business from online scams
Fri, 16th Jan 2015
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cybersecurity
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charity
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scams
NetSafe has offered up some advice for how businesses can protect themselves from online scams and credit card fraudsters.
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Cyber attacks target New Zealand charities
Fri, 16th Jan 2015
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cybersecurity
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netsafe
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scams
Almost 50,000 attempts were made to rapidly submit fake donations through a website form with the aim being to test which credit cards could be used for subsequent online fraud or sold on to other internet scammers.
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Bank Card Skimmer Jailed
Mon, 16th Jul 2012
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cloud banking solutions
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credit card fraud
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digital banking
A Polish man was sentenced to three months imprisonment for attempted bank fraud at Manukau District Court.
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PCI compliance
Sun, 1st Nov 2009
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credit card fraud
You’ll be particularly interested in the steps the Payment Cards Industry (PCI) is taking to put a stop to fraudulent activity with credit cards.
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