Latest Card fraud News: Finextra Research

UK consumers unwilling to pay for Web banking security

Two out of three UK consumers are unwilling to pay extra for increased security for online banking according to research from IT services group Unisys.

03 August 2005

News/Card fraud

Phishers exploiting lax ATM security - Gartner

Online identity thieves are exploiting security flaws in ATMs to steal funds from US bank accounts, according to research by Gartner.

02 August 2005

News/Card fraud

Desjardins signs with GFI for EMV services

Canadian banking group Desjardins has recruited Montreal-based GFI Solutions to help it switch from magnetic strip to EMV smart cards.

28 July 2005

News/Card fraud

Fraud fears force China EMV switch

Chinese authorities have green-lighted a large-scale EMV chip card pilot programme in Pudong, Shanghai, in a concerted effort to improve financial security following the recent massive data breach at CardSystems Solutions in the US that potentially exposed 40 million cardholders to fraud.

20 July 2005

News/Card fraud

Visa USA bans CardSystems from handling transactions

Visa USA is to stop CardSystems Solutions from managing its transactions because it is not satisfied with safety measures implemented by the Atlanta-based payments processor following a security breach that potentially exposed more than 40 million credit cards to fraud.

19 July 2005

News/Card fraud

US consumers want companies fined for security breaches

The majority of US consumers want to see criminal charges levied against companies that fail to protect their personal data, as one in five individuals admit falling victim to identity theft.

08 July 2005