Archive for Fraud Prevention
Posted by Don Bregin on December 16, 2016
Yahoo reported Wednesday a breach of more than 1 billion user accounts in August 2013. This breach is separate from one involving 500 million accounts the Web giant announced back in September. Yahoo said the new breach involved names, email addresses, birth dates, secure passwords, security questions and answers. But, did not involve payment card data or bank account information. Payment data was not stored in the system Yahoo believed was affected, it said. See full story and release from Yahoo below:
By Bob Lord, CISO
View the full article at yahoo.tumblr.com
Following a recent investigation, we’ve identified data security issues concerning certain Yahoo user accounts. We’ve taken steps to secure those user accounts and we’re working closely with law enforcement. (more…)
Posted by Don Bregin on June 21, 2016
We talk a lot about EMV chip technology with our clients and on our blog. I thought it would be interesting to show a real world example of what EMV is trying to stop. An increase in scams involving a credit card skimmer is a perfect place to start. (more…)
Posted by Don Bregin on May 14, 2016
EMV Card Chargebacks
Many merchants have been dealing with an unexpected increase in EMV card chargebacks. Most merchants knew of the approaching shift in liability leading up to October 2015. Since then, financial responsibility has moved from issuing banks to the shoulders of merchants. Those merchants must adopt specific technology or risk being held responsible for fraudulent charges. Much of which the banks were absorbing before. Even well prepared merchants have seen an unexpected rise in chargebacks. (more…)
Posted by Don Bregin on May 12, 2016
Requesting Merchant Statements
Companies or individuals who are calling and requesting merchant statements or other personal data right away are usually not doing so for legitimate business purposes. Unfortunately, our industry is filled with people who try to prey on the trust and good manner of local business owners.
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