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Scammers Stealing Down Payments By Hacking Real Estate Agents’ Email Accounts

Source: National Cyber Security – Produced By Gregory Evans

Buying a home is the biggest purchase most Americans will make during their lifetime. But now hackers have figured out how to steal the down payment, leaving the buyer without a new home and often wiping out their life savings. “The timing was impeccable, actually,” said Kristina Soloviena, a real…

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Samsung’s Facial Recognition related Mobile Security is not yet ready for Mobile Payments

Source: National Cyber Security – Produced By Gregory Evans

Samsung’s Facial Recognition related Mobile Security is not yet ready for Mobile Payments

Samsung has made it official that its facial recognition feature related to mobile security is still not ready to make mobile payments. The world-renowned smartphone maker has also added in its media briefing that it might take at least 4 …

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Banks to face expulsion from global payments systems over IT security

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Source: National Cyber Security – Produced By Gregory Evans

SWIFT to review security strategy following cyber attacks – with the ultimate on the table for banks with poor security SWIFT, the global inter-bank payments system, will threaten members with expulsion over poor cyber security in a shake-up in the organisation’s security strategy. That is the message of SWIFT CEO Gottfried Leibbrandt following a string […]

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Cyber security expert warns German banks of retail payments risks

Source: National Cyber Security – Produced By Gregory Evans

Cyber security expert warns German banks of retail payments risks

A top cyber security researcher has warned German banks that their retail payment systems have security flaws that could allow fraudsters to steal payment card PIN codes, create fake cards or siphon funds from customer or merchant accounts. Karsten Nohl, who is credited with revealing major security threats in mobile phones, automobiles, security cards and thumb-sized USB drives, told Reuters he has found critical weaknesses in software that runs retail point-of-sale terminals in Germany.Nohl outlined two types of attacks. One to steal personal identification numbers (PIN) or spoof transactions when customers pay at checkout tills and a second method that tricks payment processors that act as intermediaries between banks and merchants to transfer funds into other, fraudulent accounts.Nohl and fellow researchers Fabian Braeunlein and Philipp Maier at Security Research Labs in Berlin disclosed their findings to banks, card issuers, device makers and industry associations in recent weeks. SRLabs acts as a security consultant to Fortune 500 firms, including several big banks.In 2012, SRLabs uncovered defects in the most popular retail payment terminal in Germany, the Artema Hybrid from U.S.-based VeriFone Systems. The latest findings go further to show that virtually all terminals in Germany are liable to having payments hijacked […]

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Samsung says its mobile payments data is safe despite hack

Source: National Cyber Security – Produced By Gregory Evans

Samsung Electronics has said its mobile payment system is safe after a hacking attack against its US-based subsidiary LoopPay. An article in the New York Times on Wednesday said the hacking incident had occurred against LoopPay’s network in March. LoopPay, acquired by Samsung in February, developed the payment system used to run Samsung Pay – a competitor to Apple Pay. Samsung said user data was not at risk. In August, the Korean electronics giant launched its mobile wallet serviceSamsung Pay in South Korea, followed by a launch in the US in September. Samsung Pay competes against rival Apple’s pay facility, which launched last year and operates in the US and UK. Google offers a similar payment system. The mobile phone payment systems are designed to convince shoppers to use their handsets to make in-store purchases – rather than using cards. The New York Times article says Chinese hackers – the so-called Codoso Group – gained access to LoopPay’s office network and were not discovered until five months later in August. Samsung said its payment system “was not impacted and at no point was any personal payment information at risk”. The firm said it was an “isolated incident” and stressed that […]

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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Fraud alert to freight forwarders as email hackers divert payments for shipments

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Source: National Cyber Security – Produced By Gregory Evans

The independent freight forwarder sector appears to have become the latest victim of internet crime, with several cases of international payments between forwarders being redirected into fraudsters’ accounts. Over $100,000 has been stolen from WCA members in a series of stings over the past nine months, according to WCA vice-president of customer service Andy Robins. WCA, the world’s largest network of independent freight forwarders, with over 5,000 members across the world, has monitored an alarming increase in the number of forwarders targeted, although Mr Robins believed that the fraudsters’ modus operandi has largely been established and he told The Loadstar that forwarders need to be especially vigilant if their international partner claims to have changed bank account details during the payment process. “There’s a hacker out there watching freight forwarders and getting into the negotiations at the last moment. “The pattern seems to be that they will hack into an email conversation between two members, and then, at the last minute when a payment is due to be made, they block the emails of the recipient of the funds and instead email the agent who is due to pay and informs them of a change of bank details which the […]

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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