security

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Guide to EMV Compliance

EMV compliance states that a point-of-sale layout can accept EMV-compatible credit cards. The business also has a reader for handling EMV cards. If a customer enters a store and inserts their credit card into a machine slot, that store complies with EMV rules. The store at issue is probably not EMV compliant if it can …

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PayPal Launches New Merchant Fraud Protection Tool

Digital threats are becoming common, and there are concerns on how well businesses can stay protected from these issues. The global pandemic has prompted many people to complete more transactions online. These include card-not-present deals that might be vulnerable to online threats and other concerns. These problems may continue well after the pandemic officially ends. …

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What is Tokenization in Payments?

If you accept credit card payments, security should be your utmost concern. Amid the PCI compliance issues, tokenization is one of the primary issues/concerns all businesses should know and understand. What is Tokenization? It sounds complicated by tokenization is literally replacing important numbers with ‘tokens’ or a string of numbers/characters for security purposes. The numbers …

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Chinese Hackers Were Successfully Able to Bypass 2FA

On December 19, the cyber security firm Fox-IT, which is headquartered in the Netherlands, reported that they discovered a previously-unknown infiltration of managed service provider and government computer systems in at least 10 countries, including the United States, Mexico, Brazil, the United Kingdom, France, Germany, Italy, Portugal and Spain. These systems covered a wide range …

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How the New Colorado Digital Driver’s License Works

The United States is one of about a dozen countries without a mandatory national identification document; for this reason, driver’s licenses, state ID cards, passports, and even social security numbers have served as alternatives to a federal identification system that both conservatives and liberals cannot seem to agree on. Starting in October 2020, the Real …

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UniCredit Unveils Data Breach That Involves 3 Million Users

On Monday, UniCredit revealed to the public that a 2015 file comprised of names, addresses, phone numbers, and email addresses pertaining to more than 3 million of their customer base was compromised and leaked. This occurred in spite of spending an additional €2.4 billion over the past 3 years on cyber security enhancements to their …

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The Yahoo Data Breach and Its Dire Consequences

For internet giant Yahoo, the year 2016 cannot be over soon enough. The legendary internet services portal and search engine has been losing significant market share over the years, but two major security issues in 2016 may have compromised its future. Yahoo has been involved in talks with American telecommunications giant Verizon about a possible …

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Fraudsters Don’t Take a Vacation During the Holidays

Fraudsters know that some of the greatest opportunities to commit theft occur during the hustle and bustle of the holiday season. Consumers do not only have to worry about double-swiped credit cards at checkout and phone or email scams. Criminals study consumer buying habits and use those habits against them during the holidays. Here are …

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Oracle MICROS Hackers Also Hacked 5 Other Companies

American companies that use credit card processing and merchant services are on high alert after a Russian hacking group breached the servers of various POS or point of sale systems. The first victim of the breach was tech giant Oracle, which in mid-2016 acquired MICROS Systems, a major provider of POS solutions for the retail …

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How MICROS Point of Sale Systems Got Hacked

Software giant Oracle Corporation became the victim of a data breach last week when a Russian organized cybercrime group gained access to hundreds of their systems. According to security experts the group gained access through a customer support portal for companies that use the MICROS point-of-sale software from Oracle. The MICROS software payment system is …

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