506 articles tagged with this keyword
News/Card fraud
A German electronics engineer who helped criminal gangs clone credit and debit cards that were used to steal thousands of pounds, has been sentenced to three years in jail.
14 October 2011
New York authorities have indicted 111 people - including bank tellers - accused of participating in an identity theft scam that saw counterfeit credit cards used to steal more than $13 million.
10 October 2011
Credit card fraudsters have stolen around £14,000 from professional 'personality' Katie Price, according to the Daily Mirror.
06 October 2011
A Texas-based criminal gang has been using state-of-the-art 3D printers to make ATM skimming devices, according to US officials.
23 September 2011
Financial heavyweight Citi has faced off a challenge to old-bank hegemony with a powerful display of its technological prowess that knocked the wind out of a room-full of Bank 2.0 innovation gurus and digital evangelists at an Innotribe session at Sibos in Toronto.
22 September 2011
Flats and cars belonging to one of the ringleaders of the 2008 cyber-attack on RBS WorldPay, which led to the theft of over $9.4 million, have been auctioned off to compensate the bank, according to local press reports.
21 September 2011
A US man has been sentenced to 14 years in jail for running an online business selling counterfeit credit cards that were used to steal more than $3 million.
12 September 2011
UK payment processor HSBC Merchant Services has launched a service designed to help merchants comply with Payment Card Industry Data Security Standards (PCI DSS).
The hackers who breached Citi's systems last month reputedly used the stolen data to loot around $2.7 million from the accounts of 3400 customers.
27 June 2011
US authorities have charged four men with installing skimming technology at ATMs and fake teller PIN pads in branches, recording victims' bank account information and using the stolen data to steal at least $1.5 million.
10 June 2011
The US payments industry should reconsider the value of PCI compliance guidance in the light of increasingly sophisticated skimming attacks and instead consider mitigating risk by moving to chip and PIN, according to a Federal Reserve Bank of Atlanta staffer.
01 June 2011
A former Bank of America computer programmer who planted malware on the firm's ATM systems, enabling him to make fraudulent withdrawals, has been jailed for 27 months.
24 May 2011
US retailer Michaels Stores says that 90 PIN pads at its shops around the country have been tampered with, leaving customer card details at risk.
13 May 2011
Brits' security worries have reached a four year peak, with card fraud and identity theft the biggest concerns, ahead of terrorism, according to a survey from Unisys.
06 May 2011
A US man has admitted trafficking hundreds of thousands of credit card numbers that resulted in the loss of more than $36 million.
26 April 2011
Finextra TV/Card fraud
Oti Ikomi, senior VP at Ecobank, a South African-based, pan-African banking group, talks with Finextra about the rise of the middle class in Africa and its affects on the continent's banking industry at Fundtech Insights 2011 in London.
17 March 2011
Payments vendor VeriFone has accused upstart Square of posing a serious security threat to users, claiming its rival's hardware can be easily turned into a skimming device by crooks and used to steal card details.
10 March 2011
A UK teenager who ran a Web site retailing stolen credit card details and cybercrime tools has been jailed for five years.
04 March 2011
State Employees' Credit Union (Secu) is set to be one of the first financial institutions in the US to roll out chip and PIN debit cards to its customers.
01 March 2011
Members of an ATM card skimming gang that counted the husband of Irish president Mary McAleese among its victims have been jailed.
11 February 2011
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