The more I see and read about the “sponsorship” behind the World Cup the more appalled I am. Ever since I heard that MasterCard (briefly) exerted a monopoly over buying tickets to the finals with a credit card, and men were told to take off their lederhosen, I realised that although it claims to, sponsorship… Read More »
I continue to be intrigued, but somewhat perplexed, by the CardSystems security breach that happened nearly two months ago now. Who knew it first, and who told who, and when? And why did it take so long to tell the rest of us? A U.S. company claimed it was its software that first spotted the… Read More »
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 »
If you think the Internet is a scary place for stealing your sensitive bank data, try your local gas station. The Star Tribune in Malaysia reports that criminals there are increasingly intercepting the transmission of credit card data between the point of sale machines that swipe your card and the bank. This data, incredibly, is… Read More »