U.S. and Canadian Authorities Arrest Members of Identity Theft and Card Fraud Rings
Canada’s Regional Fraud Bureau along with Canadian police departments and the U.S. Secret Service carried out a raid on suspected...
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David Montague
Nov 2, 20212 min read
Organized Fraud Attack Compromised Merchant POS Systems with Malware
Two men from Romania were extradited to the United States last May after being accused of running a fraud operation that installed...
David Montague
Nov 2, 20212 min read
Fraudsters Copy Legitimate Microsoft Email Days Later in Phishing Scam
Phishing scams can often be convincing, and a recent case of a phishing campaign emulating a legitimate Microsoft email about changes to...
David Montague
Nov 2, 20212 min read
Spammers Scrape Facebook Friends for Targeted Phishing Attacks
Facebook recently announced that they uncovered an incident where fraudsters used compromised email addresses to scrape lists of Facebook...
David Montague
Nov 2, 20212 min read
Phishing Responsible for $687M in Global Losses for First Half of 2012
According to a recent report from security firm RSA, phishing attacks in the first half of 2012 have accounted for more than $687 million...
David Montague
Nov 2, 20212 min read
SMS is Far From Foolproof
A hacker recently pointed out that a feature specific to Apple’s iOS operating system leaves a major vulnerability with text messaging...
David Montague
Nov 2, 20212 min read
NFC Retail Payments Forecasted to Reach $180 Billion Globally by 2017
In a recent report from Juniper Research it was predicted that the total global mobile payment volume will reach $1.3 trillion by 2017...
David Montague
Nov 2, 20214 min read
Consortium of Major Merchants Announce Mobile Wallet
Competing retailers have formed a new joint venture, the Merchant Customer Exchange (MCX), to offer a mobile wallet of their own. The...
David Montague
Nov 2, 20214 min read
Proactive Techniques for Avoiding Chargebacks
Chargebacks cost merchants beyond the lost sale and merchandise and in many cases it is in a merchant’s best interest to resolve customer...
David Montague
Nov 2, 20216 min read
PRESS RELEASE: Failure to Conduct Proper Email Notifications on Account Usage
Failure to Conduct Proper Email Notifications on Account Usage and Account Changes Costs one Bank over $400,000 Sarasota, FL, July 31,...
David Montague
Nov 2, 20212 min read
Visa, MasterCard Propose $7.25B Interchange Settlement but Major Retailers, Trade Groups Oppose
After years of litigation over interchange Visa and MasterCard proposed a settlement that would give over $7 billion back to U.S....
David Montague
Nov 2, 20211 min read
Brothers Generate $1.4 Million in Commissions from Incomplete Sales
Brothers Andrew and Allen Chiu placed $23 million worth of fraudulent orders through FatWallet, a membership shopping community that...
David Montague
Nov 2, 20211 min read
How Large of a Problem is Click Fraud?
A recent Forbes headline read “Is Click Fraud A Ticking Time Bomb Under Google?” referencing the billions in revenue Google makes each...
David Montague
Nov 2, 20212 min read
DNSChanger Behind $14M Affiliate Fraud Shut Down by FBI
The DNSChanger malware, which spread to more than 500,000 devices in the U.S. and 4 million worldwide, redirected the web browsers on...
David Montague
Nov 2, 20212 min read
Sprint Prepares NFC Mobile Wallet and Apple Demos Passbook, Potential Precursor to a Mobile Wallet
It was recently revealed that Sprint is preparing a mobile platform and wallet called Touch Wallet and Apple demoed a new addition to...
David Montague
Nov 2, 20212 min read
Decrease in Debit Spending Reduces Visa’s Total U.S. Payment Volume
Although spending on Visa credit cards increased in April and May from a year ago, overall volume processed on U.S. Visa cards was down 3...
David Montague
Nov 2, 20212 min read
Dwolla Launches Real-Time Bank Transfers, Builds Competitive Alternative to Traditional Payment
Dwolla, an alternative cash based payment network, enables consumers to make retail payments and peer-to-peer transfers over their hybrid...
David Montague
Nov 2, 20213 min read
More Merchants Accepting Payments Over Mobile Devices, More Competitors Entering this Space
In June Square announced that they are now processing $6 billion annually while VeriFone and Intuit compete with similar product...
David Montague
Nov 2, 20211 min read
LinkedIn Suffers Data Breach, Now Faces Lawsuit
Nearly 6.5 million passwords were posted on a Russian based hacker forum website and on June 6th LinkedIn confirmed that these passwords...
David Montague
Nov 2, 20211 min read
Apple Store Employee Bypassed Security Checks to Accept Known Bad Checks
Roberto Sanchez, a former Apple Store employee in New Hampshire, reached a plea bargain to serve three months in jail after intentionally...
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