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Credit Card Fraud | Breaking Cybersecurity News | The Hacker News

How Apple Pay Can Be Hacked to Steal Your Credit Card Details

How Apple Pay Can Be Hacked to Steal Your Credit Card Details
Jun 05, 2015
Today anywhere you go, you will come across Free or Public WiFi hotspots -- it makes our travel easier when we stuck without a data connection. Isn't it? But, I think you'll agree with me when I say: This Free WiFi hotspot service could bring you in trouble, as it could be a bait set up by hackers or cyber criminals to get access to devices that connects to the free network. This is why mobile device manufacturers provide an option in their phone settings so that the device do not automatically connects to any unknown hotspot and asks the owner for approval every time it comes across a compatible WiFi. Hackers can grab your Credit Card Data. Here's How? Recently, security researchers from mobile security company ' Wandera ' have alerted Apple users about a potential security flaw in iOS mobile operating system that could be exploited by hackers to set up a rogue WiFi spot and then fool users into giving up their personal information, including credit card details. The l

Hacker Who Stole Money From Bill Gates Arrested in Philippines

Hacker Who Stole Money From Bill Gates Arrested in Philippines
Apr 13, 2015
What if you get into the bank account of the World's most richest person? Maybe it could be difficult for you as well as I. But not for this guy… ... Konstantin Simeonov Kavrakov , a Bulgarian hacker, who hacked into the ATM and stole thousands of dollars from the bank account of Microsoft mogul Bill Gates with fake ATM cards arrested in Philippines, according to the Philippine National Police. The 31-year-old man was arrested red-handed by the Philippine National Police while he was withdrawing cash from an ATM using fake cards. He had stolen tens of thousands of dollars from many victims by hacking into the automated teller machines (ATMs). In 2011, Kavrakov got arrested and was jailed in Paraguay for hacking into the Bill Gates' account in The Philippines' densely-populated Quezon City and stealing thousands of dollars. Since then Kavrakov was on the hit list of many countries police. During the arrest, the police recovered seven cloned credit card

How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl

How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl
Mar 21, 2024SaaS Security / Endpoint Security
In today's digital-first business environment dominated by SaaS applications, organizations increasingly depend on third-party vendors for essential cloud services and software solutions. As more vendors and services are added to the mix, the complexity and potential vulnerabilities within the  SaaS supply chain  snowball quickly. That's why effective vendor risk management (VRM) is a critical strategy in identifying, assessing, and mitigating risks to protect organizational assets and data integrity. Meanwhile, common approaches to vendor risk assessments are too slow and static for the modern world of SaaS. Most organizations have simply adapted their legacy evaluation techniques for on-premise software to apply to SaaS providers. This not only creates massive bottlenecks, but also causes organizations to inadvertently accept far too much risk. To effectively adapt to the realities of modern work, two major aspects need to change: the timeline of initial assessment must shorte

Beware of Skimming Devices Installed on the ATM Vestibule Doors

Beware of Skimming Devices Installed on the ATM Vestibule Doors
Mar 19, 2015
Despite anti-skimmer ATM Lobby access control system available in the market, we have seen a number of incidents in recent years where criminals used card skimmers at ATM doors. Few years back, cyber criminals started using card skimmers on the door of the ATM vestibule , where customers have to slide their credit or debit cards to gain access to the ATM. The typical ATM Skimming devices are used by fraudsters capture both magnetic stripe data contained on the back of a debit or credit card as well as the PIN number that is entered by the customer when using the ATM. In recent case discussed by Brian, cyber criminal installed the card skimming device on the ATM Lobby Card Access Control and a pinhole hidden camera pointed at the ATM's keyboard. Basically, it's an ATM skimmer that requires no modification to the ATM. The card skimmer hidden on the ATM door records the debit and credit card information , and the pinhole camera records the PIN number the

Automated remediation solutions are crucial for security

cyber security
websiteWing SecurityShadow IT / SaaS Security
Especially when it comes to securing employees' SaaS usage, don't settle for a longer to-do list. Auto-remediation is key to achieving SaaS security.

Visa Wants To Track Your Smartphone to Prevent Credit Card Fraud

Visa Wants To Track Your Smartphone to Prevent Credit Card Fraud
Feb 16, 2015
If you are a traveler and loves to travel then you must be annoyed of those calls you sometimes get from your bank when buying things far from home, and the most annoyed part is when the company won't approve the transaction as it fears your card was stolen. VISA MOBILE LOCATION CONFIRMATION APP The payment processing and credit card giant Visa has came forward to put an end to this problem by letting cardholders the chance to buy things wherever they are. The company plans to release a new location-based feature that will help cardholders to update their location via smartphone. Starting in April, the banks will include the software application, dubbed Visa Mobile Location Confirmation , in their smartphone apps. The app will use cardholders smartphone's ability to locate itself and verify that they're near where the card is being used. IN WAKE OF INCREASING CREDIT CARD FRAUD The idea behind this new move is to reduce the rising incidents of credit card fraud and fraud

Quantum Encryption Makes Credit Cards Fraud-Proof

Quantum Encryption Makes Credit Cards Fraud-Proof
Dec 17, 2014
Credit card frauds are very common these days – today a data breach occurs in retailer's shop, online shopping site or banking site and at the next moment millions of cards appears in the underground black market – how simple is that for cyber criminals nowadays. But imagine if there is no possible way to hack credit cards and ID cards. Seems like next to impossible, but quantum cryptography ensures that stealing people's personal data will soon be very difficult for hackers and cyber thieves due to an extra layer of verification. SECURE FRAUD-PROOF CREDIT CARDS The research at the University of Twente in Enschede, Netherlands has suggested that " fraud-proof " credit cards are possible to develop using Quantum Physics that will protect users' financial and personal information from hackers. Security researchers describe this extra layer of verification as Quantum-Secure Authentication (QSA) of a " classical multiple-scattering key ." With the
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