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Buyers, beware: Credit-card scheme gaining steam in NE Pennsylvania

Source: National Cyber Security – Produced By Gregory Evans

The latest technological scheme gaining traction in Northeastern Pennsylvania strikes victims where it hurts most — their bank accounts. Credit-card skimmers are small, sometimes hard-to-recognize devices that criminals plant at gas station pumps, ATMs, self-checkouts or any unattended place that someone might swipe their credit or debit card. The devices…

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The future of credit-card security may involve blinking numbers

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Source: National Cyber Security – Produced By Gregory Evans

The future of credit-card security may involve blinking numbers

Your credit card may start winking at you soon in an effort to keep your data safe.
French digital security company Oberthur Technologies, which maintains a significant design and production operation in Los Angeles, has developed a digital display powered

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New Milford, Bergenfield men face charges in banking, credit-card fraud case

Source: National Cyber Security – Produced By Gregory Evans

A 23-year-old New Milford man and a 22-year-old Bergenfield man have been arrested on charges of conspiring in a wide-ranging fraud scheme that targeted an investment company, stole identities from individuals and used bogus credit cards in a high-end shopping spree across Bergen County, authorities said Monday. Francis Montecillo of New Milford and Ronald Maliwanag of Bergenfield also are charged with possession of numerous types of drugs for distribution, according to Bergen County Prosecutor John L. Molinelli. Molinelli said the investigation started in August, when representatives of the NVE bank in New Milford reported what they suspected to be a type of activity known as automated clearing house fraud involving a company called Acorns Investing and Maliwanag, a customer of the bank. ACH fraud, Molinelli said, is the illicit use of the banking industry’s Electronic Fund Transfer system to transfer illegally obtained funds from a victim to an account that can be accessed by the party involved in the theft. In this case, the prosecutor added, Montecillo and Maliwanag conspired to steal more than $20,000 from Acorns, an online and cellphone app-based investment company, through the use of stolen identities, forged bank documents and illicit computer-based transfers. While detectives from […]

For more information go to http://www.NationalCyberSecurity.com, http://www. GregoryDEvans.com, http://www.LocatePC.net or http://AmIHackerProof.com

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New chip technology fights credit-card fraud at retailers

Source: National Cyber Security – Produced By Gregory Evans

If you are like me, you have received a number of replacement credit cards in the past several months, even though your current card is nowhere near its expiration date. The driving force behind this is the growing amount of credit card fraud occurring at retailers, like those memorable cases involving Target and Neiman Marcus. While most of the rest of the world stopped using vulnerable credit cards with the easily copied magnetic strips many years ago, the United States has failed to adopt newer technology that is much more fraud-resistant. That is changing as of Oct. 1 this year. EMV chip technology (EMV stands for Europay, MasterCard, and Visa – the three companies that innovated this more secure type of credit card technology) has been around for quite a while. Europe began using the technology around 2005. Cards with EMV chips are inserted into the credit card reader (rather than the swiping that we are familiar with), a cryptogram code is generated for one-time use, and the transaction is approved or declined. The one-time-use cryptogram code is the primary security feature, because fraudsters are unable to create a fraudulent chip that would generate the same code as the real card. […]

For more information go to http://www.NationalCyberSecurity.com, http://www. GregoryDEvans.com, http://www.LocatePC.net or http://AmIHackerProof.com

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Are Credit-Card Fraud Mobile Apps the Next Big Thing?

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Source: National Cyber Security – Produced By Gregory Evans

Payment-card data breaches have exploded in the last year, making customers leery of shopping at certain retailers and using credit-cards in general at many merchants. Affecting millions of consumers, the cost of credit-card and debit-card fraud rose to $11 billion in 2013, up $3 billion since 2012, as identified in the  2014 Identity Fraud Report from Javelin Strategy & Research. This said, credit card fraud is nothing new – although the frequency of it happening at seemingly protected retailers still tends to shock consumers. The Federal Trade Commission describes credit card theft as happening in a variety of ways, including “low tech dumpster diving to high tech hacking”. Yet as technology advances and digital payments become increasingly popular, how can a consumer ever feel safe? One way that customers can begin to feel at ease is by incorporating fraud surveillance and identity theft resolution products into their lives. It’s reassuring to see that market demand drives innovation and that consumers can finally get what they need and deserve,” shares Gartner Security Analyst Avivah Litan. In particular, Litan is referring to the recently launched collaboration of ProtectMyID® and BillGuard, the first of it’s kind card fraud monitoring mobile application. By ProtectMyID® and BillGuard joining together, customers and employees alike can gain a comprehensive product […]

For more information go to http://www.NationalCyberSecurity.com, http://www. GregoryDEvans.com, http://www.LocatePC.net or http://AmIHackerProof.com

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Are Credit-Card Fraud Mobile Apps the Next Big Thing? – National Cyber Security

nationalcybersecurity.com – Payment-card data breaches have exploded in the last year, making customers leery of shopping at certain retailers and using credit-cards in general at many merchants. Affecting millions of consume…

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Jimmy John’s Says Hacker Stole Credit-Card Data at 216 Stores

Jimmy John’s Says Hacker Stole Credit-Card Data at 216 Stores

Jimmy John’s, a sandwich-shop chain based in Champaign, Illinois, said a hacker accessed payment systems at about 216 of its locations and stole credit- and debit-card information. The incident occurred after an intruder took log-in credentials from Jimmy John’s payment-technology […]

For more information go to http://www.NationalCyberSecurity.com, http://www. GregoryDEvans.com, http://www.LocatePC.net or http://AmIHackerProof.com

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