Archive for tag: Bank News

Target Breach: Why Smartcards Won’t Stop Hackers

January 31, 2014

By Mathew Schwartz “Chip and PIN” smartcard adoption in the United States is long overdue. But the security improvement wouldn’t have stopped Target’s BlackPOS malware attackers. Say what you will about “smart” credit cards or EMV card-security technology: None of it would have prevented the recent theft of shoppers’ credit cardinformation from Target and Neiman […]

Threat of the Week: Experts Predict ATM Fraud Explosion

January 1, 2014

By Robert McGarvey Call it a nasty byproduct of the coming rollout of EMV (aka chip-and-PIN) debit cards but the frightening news is that many ATM experts now predict a 2014 explosion in old-fashioned magnetic stripe card fraud at ATMs as criminals enjoy a last robbing frenzy. “The United States is now the weak point. […]

Visit Us On FacebookVisit Us On TwitterVisit Us On LinkedinVisit Us On Google PlusCheck Our Feed