Visa | Breaking Cybersecurity News | The Hacker News

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...

" 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...

Hackers rushed to defend WikiLeaks on Wednesday, launching attacks on MasterCard, Visa, Swedish prosecutors, a Swiss bank, and others who acted against the site and its jailed founder, Julian Assange. Internet "hacktivists" under the banner "Operation Payback" claimed responsibility in a Twitter message for causing severe technological problems on MasterCard's website. MasterCard had recently severed ties with WikiLeaks. Although MasterCard acknowledged a disruption in its Secure Code system for verifying online payments, spokesman James Issokson assured that consumers could still use their credit cards securely. Later on Wednesday, Visa's website also became inaccessible. These online attacks are part of a broader wave of support for WikiLeaks sweeping the Internet. Twitter was flooded with messages of solidarity for the group, while its Facebook page reached 1 million fans. However, late Wednesday, Operation Payback itself faced difficulties as many of i...