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New PIN Verification Bypass Flaw Affects Visa Contactless Payments

New PIN Verification Bypass Flaw Affects Visa Contactless Payments

Sep 07, 2020
Even as Visa issued a warning about a new JavaScript web skimmer known as Baka , cybersecurity researchers have uncovered an authentication flaw in the company's EMV enabled payment cards that permits cybercriminals to obtain funds and defraud cardholders as well as merchants illicitly. The research , published by a group of academics from the ETH Zurich, is a PIN bypass attack that allows the adversaries to leverage a victim's stolen or lost credit card for making high-value purchases without knowledge of the card's PIN, and even trick a point of sale (PoS) terminal into accepting an unauthentic offline card transaction. All modern contactless cards that make use of the Visa protocol, including Visa Credit, Visa Debit, Visa Electron, and V Pay cards, are affected by the security flaw, but the researchers posited it could apply to EMV protocols implemented by Discover and UnionPay as well. The loophole, however, doesn't impact Mastercard, American Express, and JC
NSA Intelligence Agency spies on International Credit Card Transactions including Visa

NSA Intelligence Agency spies on International Credit Card Transactions including Visa

Sep 15, 2013
" The truth is coming, and it cannot be stopped ", Edward Snowden.  The National Security Agency isn't just snooping into phone and online communications. It also appears to be keeping a close eye on credit card transactions. New reports published by Der Spiegel exposed that The National Security Agency (NSA) is widely monitoring SWIFT bank transactions, International Credit Card Payments and banking, attained by watching printer traffic from numerous banks. According to the information acquired by former NSA contractor Edward Snowden , Show that in 2011, the NSA possessed 180 million records and spying is conducted by a branch called " Follow the Money. That data then moved to their own   ' Tracfin ' financial databank to track money flows. NSA targets the transactions of various banks via large credit card companies like VISA by doing surveillance in Europe, Middle East and Africa. Some 84 percent of the data are from credit card transactions
How to Achieve the Best Risk-Based Alerting (Bye-Bye SIEM)

How to Achieve the Best Risk-Based Alerting (Bye-Bye SIEM)

Feb 19, 2024Network Detection and Response
Did you know that Network Detection and Response (NDR) has become the most effective technology to detect cyber threats? In contrast to SIEM, NDR offers adaptive cybersecurity with reduced false alerts and efficient threat response. Are you aware of  Network Detection and Response (NDR)  and how it's become the most effective technology to detect cyber threats?  NDR massively upgrades your security through risk-based alerting, prioritizing alerts based on the potential risk to your organization's systems and data. How? Well, NDR's real-time analysis, machine learning, and threat intelligence provide immediate detection, reducing alert fatigue and enabling better decision-making. In contrast to SIEM, NDR offers adaptive cybersecurity with reduced false positives and efficient threat response. Why Use Risk-Based Alerting? Risk-based alerting is an approach where security alerts and responses are prioritized based on the level of risk they pose to an organization's system
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