Archive for the ‘PCI Compliance’ Category

Cybercrime is the operation of computer crime with credit cards or debit cards, bank accounts, online stores, fake or a fake ATM machines.

With the economic downturn, thieves have increased their efforts towards cyber-intrusions, another illegal way of showing their demand and supply model.

Hackers are increasingly targeting operating systems of Smartphone’s, tablet PCs and mobile platforms. Read the rest of this entry »

An advantage of buying a product or service with a credit card is the chargeback, a process that allows the customer to dispute a charge if the transaction does not complete successfully.

But one of the chargebacks can be friendly fraud, which occurs when a consumer without any valid reason, refuses to accept the cost of a transaction. They make a purchase and then report a false statement to your bank or card issuer to request a refund or chargeback.

Read the rest of this entry »

A federal court has frozen the bank accounts of Jeremy Johnson and his partners for allegedly defrauding more than $275 million U.S. dollars. The claim is based on false promises of “free” government offers. The program attracted more than half a million cardholders to get money from their banks. Read the rest of this entry »

 Luxury cosmetics firm Lush has ditched its UK website in response to a sustained hacking attack which left users vulnerable to credit card fraud. Was this site PCI Compliant?

The firm warns that credit card details submitted to the Lush.co.uk site between 4 October and 20 January may have been compromised by the assault by unknown hackers. (Source)

Researchers have developed a proof-of-concept Android program that can literally keep an ear out for credit card numbers.

Dubbed Soundminer, the software uses the phone’s microphone to listen for credit card numbers spoken aloud, or typed into the phone. (Source)

Less than half of the small to mid-sized retailers surveyed had completed a Payment Card Industry Data Security Standard (PCI DSS) self-assessment, according to a poll by the National Retail Federation and First Data Corp.

While 66% of respondents were aware of the PCI DSS, 42% did not know that merchants that process credit card payments are obligated to conduct the self-assessment annually.
Read the rest of this entry »

Internet security experts have come out with their predictions on the biggest threats in cyberspace for 2011.

The experts said that hackers and online criminals are increasingly taking aim at smart phones because they are often not up to date on security software.

Dave Marcus from McAfee Security said cyberspace security hasn’t kept up with mobile access to the World Wide Web. (Source)