Secure Payment Cards | Breaking Cybersecurity News | The Hacker News

Another day, another data breach. This time a fast-fashion retailer has fallen victim to payment card breach. American clothes retailer Forever 21 announced on Tuesday that the company had suffered a security breach that allowed unknown hackers to gain unauthorized access to data from payment cards used at a number of its retail locations. The Los Angeles based company, which operates over 815 stores in 57 countries, didn't say which of its stores were affected, but it did note that customers who shopped between March and October this year may be affected. Forever 21 learned of the breach after the retailer received a report from a third-party monitoring service, suggesting there may have been "unauthorized access to data from payment cards that were used at certain FOREVER 21 stores." Besides this, the company also revealed that it implemented encryption and token-based authentication systems in 2015 that are intended to protect transaction data on its point-...

The infamous mobile banking trojan that recently added ransomware features to steal sensitive data and lock user files at the same time has now been modified to steal credentials from Uber and other booking apps as well. Security researchers at Kaspersky Lab have discovered a new variant of the Android banking Trojan called Faketoken that now has capabilities to detect and record an infected device's calls and display overlays on top of taxi booking apps to steal banking information. Dubbed Faketoken.q , the new variant of mobile banking trojan is being distributed using bulk SMS messages as their attack vector, prompting users to download an image file that actually downloads the malware. Malware Spy On Telephonic Conversations Once downloaded, the malware installs the necessary modules and the main payload, which hides its shortcut icon and begins monitoring everything—from every calls to launched apps—that happens on the infected Android device. When calls are m...

Vulnerability Management (VM) has long been a cornerstone of organizational cybersecurity. Nearly as old as the discipline of cybersecurity itself, it aims to help organizations identify and address potential security issues before they become serious problems. Yet, in recent years, the limitations of this approach have become increasingly evident.  At its core, Vulnerability Management processes remain essential for identifying and addressing weaknesses. But as time marches on and attack avenues evolve, this approach is beginning to show its age. In a recent report, How to Grow Vulnerability Management into Exposure Management (Gartner, How to Grow Vulnerability Management Into Exposure Management, 8 November 2024, Mitchell Schneider Et Al.), we believe Gartner® addresses this point precisely and demonstrates how organizations can – and must – shift from a vulnerability-centric strategy to a broader Exposure Management (EM) framework. We feel it's more than a worthwhile read an...

Imagine you have lost your credit card and applied for a fresh credit card from your bank. What if some criminal is using your new credit card before you have even received it? Yes, it's possible at least with this $10 device. Hardware hacker Samy Kamkar has built a $10 device that can predict and store hundreds of American Express credit card numbers, allowing anyone to use them for wireless payment transactions, even at non-wireless terminals. The device, dubbed MagSpoof , guesses the next credit card numbers and new expiration dates based on a cancelled credit card's number and when the replacement card was requested respectively. This process does not require the three or four-digit CVV numbers that are printed on the back side of the credit cards. Also Read:  How Hackers Can Hack Your Chip-and-PIN Credit Cards The tiny gadget would be a dream of any card fraudster who can pilfer cash from the stolen credit cards even after they have been blocked ...

Difficulty in remembering complicated Passwords? Forget Passwords and Fingerprints now – and get ready to authenticate your online purchases with your SELFIES . MasterCard is experimenting a new app that would let you make online purchases by taking a selfie rather than typing a password, moving a step forward in the mobile payments evolution. This experimental ID Check security system uses the front camera of your mobile phone and "facial recognition" technology to get your payment done with a quick shot of your face. And MasterCard thinks this generation people will love it. " The new generation, which is into selfies...I think they will find it cool, " MasterCard President of Enterprise Safety and Security Ajay Bhalla told CNNMoney. " They'll embrace it ." How this new feature works? MasterCard will provide you a new mobile app to download in order to use the feature. After you make an online payment, the new app will...

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...