Trying to make sense of the massive theft of credit card numbers at CardSystems, ‘a leading provider of end-to-end payment processing solutions focused exclusively on meeting the needs of small to mid-sized merchants’, in which information on more than 40 million credit cards may have been stolen. CardSystems itself has issued only a brief statement… Read More »
MasterCard, one of several banks discovered to have flaws on their websites that would have allowed a phisher to capture passwords, says it has fixed the problem. American Banker Online reported (subscription required) last week that MasterCard International “has confirmed finding and fixing a flaw on its web site’s ‘Find A Card’ tool that could… Read More »
This week’s Loose Wire column is about phishing trojans: A FEW WEEKS AGO I talked about the dangers of “phishing” e-mails (Look Out! It’s a Scam, Feb. 5) that fool you into thinking that they are from your bank or from a transaction-oriented Web site like eBay or PayPal, then lure you to a Web… Read More »
From the These Thieves Are So Smart, Why Can’t They Get A Real Job Dept comes a story about ATMs. The Canadian Press reports of a scam in Ontario where the bad guys have rigged a number of existing bank machines allowing them to make working copies of customers’ debit cards by putting on a… Read More »