In this week's issue, Optimal Payments is investigating a data breach, retailers continue to push for Chip-And-PIN, pay-at-pump skimming attacks are set to increase, are consumers really using their free credit monitoring and in this week's Rippleshot content, we take a look at what to expect from online fraud in the near future.
Online Fraud - What to Expect and How it's Being Handled
Online fraud is expected to skyrocket in the coming years, but it’s not only because of the EMV conversion. While the new chip cards are forcing hackers to employ different methods of using stolen cardholder information, there’s a separate but perhaps equally as influential statistic at play - the exponential increase in online spending in the United States.
Topics: EMV
In this week's issue, EMV Adoption in the U.S. is suffering, TalkTalk is the latest organization to be breached, the FBI recommends that Ransomware victims pay up, a former Apple employee is accused of selling fake payment cards and for our Rippleshot content, we take a look back at th month of October and see how we've fared with the post-EMV shift.
Topics: Data Breach Ripples
It has been almost a month since EMV’s adoption began here in the United States, and many consumers are still unaware of this massive change in the payment ecosystem. While you would be hard-pressed to find a payments expert who would classify the EMV shift as a disaster, when it rains, it pours.
Topics: Industry News, EMV
In this week's issue, Russian hackers breached the DOW Jones, a new survey shows 1 in 5 American households are victims Of a data breach, EA studios denies data breach after data dump discovered online, another EMV exploit has been discovered by security researchers and for this week's Rippleshot content, we look at the effect EMV is having on small businesses and how it's grabbed the attention of Capitol Hill.
Topics: Data Breach Ripples
EMV's Affect on Small Businesses Has Capitol Hill's Attention
This month, the House Small Business Committee held two hearings to learn more about the implications of the EMV transition on small businesses, along with the efforts being made to ensure they are in compliance with financial service providers and are in a position to succeed. Witness testimony was heard from a number of parties - from Visa and the NAFCU, to small business owners and the National Retail Federation.
Topics: EMV
In this week's issue, the FBI issues a warning about EMV's security, America's Thrift Stores suffers a data breach, retail and healthcare premiums increase for cyber insurance, Uber exposes its users' information in another data breach and this week, we discuss the problems with score-based decline rules.
Topics: Data Breach Ripples
We have yet to talk to a bank or credit union that isn’t employing real-time decline rules based around FICO Falcon or Visa VAA score bands - and with good reason. This solution has been around for an incredibly long time and is baked right into many existing risk management solutions. But payment card fraud is higher than it’s ever been - so what’s the problem?
Topics: Industry News
In this week's issue, Scottrade announces that it has been breached, compromised identities are used at a greater frequency for fraudulent attempts, the company behind SamsungPay has been hacked, an IP address linked to the Uber data breach allegedly connected to Lyft's CTO and in this week's blog post, we continue our blog series on cybersecurity and foreign affairs.
Topics: Data Breach Ripples
Walking A Tight Rope Between Cybersecurity and Foreign Affairs - China
Welcome to the second part of our blog series on cybersecurity and foreign affairs. Last week, we covered the recent data breaches and security incidents involving Russian-based hackers that have targeted organizations here in the United States, including the Internal Revenue Service (IRS) and the White House.
Topics: Compromises, Industry News
In this week's issue, a potential card breach is being investigated at Hilton Properties, mobile payments data breaches continue to grow, T-Mobile announces a data breach, a former CVS employee steals the personal information of 55K Members and for this week's Rippleshot content, we start our two-part blog series on cybersecurity and foreign affairs.
Topics: Data Breach Ripples
Walking A Tight Rope Between Cybersecurity and Foreign Affairs - Russia
In 2014, over 1 billion records were stolen due to data breaches and other security-related incidents. Some of the most well known brands here in the United States were the target of cyberattacks, making it nearly impossible to not be affected, or know of someone who had been.
Topics: Compromises, Industry News
In this week's issue, the cost of retail fraud increases by 94%, an ex-Morgan Stanley adviser pleads guilty In connection with data breach, a total cost required to recover from a data breach has been identified, the OPM data breach is worse than expected...again, and for this week's Rippleshot content, we ask if consumers and merchants are ready for the EMV migration.
Topics: Data Breach Ripples
There is just over one week left before the EMV liability shift takes place, and it’s looking like neither consumers nor merchants will be as prepared as expected. Though many experts have been claiming for months that the U.S. will be unlikely to hit the self-imposed October 1st deadline, recent surveys have shown a much more grim outlook.
Topics: Industry News, EMV
In this week's issue, the Department of Energy has been hacked over 150 times, nearly 80 percent of SMBs are not ready for EMV, more news surrounding the Ashley Madison breach, the cyber insurance market is expected to reach $7.5 billion by 2020 and this week, we look at the recent court ruling making it easier for consumers to sue businesses over data breaches.
Topics: Data Breach Ripples