FICO released new data showing the high rate of card-not-present (CNP) fraud on Germany's credit cards in 2012, showing that 70 percent of the 2012 fraud on German-issued cards protected by FICO Falcon Fraud Manager was card-not-present (CNP) fraud, which includes e-commerce fraud.
A federal indictment made public in New Jersey charges five men with conspiring in a worldwide hacking and data breach scheme that targeted major corporate networks, stole more than 160 million credit card numbers, resulted in hundreds of millions of dollars in losses and is the largest such scheme ever prosecuted in the United States.
Withdrawing cash from an ATMs by using a debit or credit card or paying with it at a point-of-sale may soon become a thing of the past, as several manufacturers have presented technologies that will let users perform the same actions by simply using their smartphone or even their face.
The cybercrime market is constantly evolving, and it is currently full of knowledgeable individuals who have focused on their core competencies to offer services to those who have not the skills, patience or time to make what they want or need for their criminal exploits.
A Romanian hacker that has been jailed for his involvement with a criminal gang that planted ATM skimmers and stole card information has designed a new device aimed at preventing the very same type of theft.
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