The cost of synthetic fraud to reach new highs

A TransUnion research finds instances of synthetic fraud and outstanding balances for suspected synthetic accounts at U.S. financial institutions have declined significantly after the WHO declared COVID-19 a global pandemic. However, new analysis by Ai… Continue reading The cost of synthetic fraud to reach new highs

Threat actor selling 158,000 Canadian, US credit card data

By Habiba Rashid
The threat actor also claims to sell full information of credit card holders which can be a massive privacy threat to unsuspecting banking customers.
This is a post from HackRead.com Read the original post: Threat actor selling 158,000… Continue reading Threat actor selling 158,000 Canadian, US credit card data

Can a stolen chip & pin card be used to withdraw cash from an ATM without knowing the actual pin?

My chip and pin Visa debit card was stolen from a gym locker and successfully used to withdraw money from an ATM in 2017 in London, England. The PIN was not recorded anywhere and yet the card was used and the bank has refused a refund beca… Continue reading Can a stolen chip & pin card be used to withdraw cash from an ATM without knowing the actual pin?

Is it normal for a company to request this information after stolen card details were used?

My friend’s credit card details were randomly used to make a two small purchases on a food delivery app, by someone other than my friend. They have already contacted the bank and cancelled the card.
My friend contacted the app company to l… Continue reading Is it normal for a company to request this information after stolen card details were used?

School Request: What can be done protect people’s financial information?

This is a bit of an odd question, and if it doesn’t belong on this forum feel free to retract. I was asked by a group of 7th graders to share my thoughts on the problem of credit card data breaches. Honestly I don’t think I’m qualified to … Continue reading School Request: What can be done protect people’s financial information?