Links in “Cybersecurity/Data Breaches”
- What Cybercriminals Don’t Want You to Know
ABA offers consumers 8 tips for protecting themselves from cybercrime, the latest tip sheet during National Cybersecurity Awareness Month. [10/29/14]
- Fake EMV Charges Fueled by Home Depot Breach
Three financial institutions reported this week that fraudulent credit and debit charges that occurred as a result of the Home Depot breach were chip-enabled transactions. Experts believe that fraudsters used a technique called âreplayâ where regular magnetic stripe card transactions are pushed through the card network as EMV purchases. [10/28/14]
- ATM Skimming: What You Need to Know
ATM skimming, in which criminals extract card info from the magnetic stripe and record PIN information (often with small cameras), is costing financial institutions $2 billion worldwide annually. [10/24/14]
- Cyberattack Worries for Financial Institutions Skyrocket
Recent high-profile cyberattacks are taking their toll on the psyche of financial institutions. Survey finds 84% of financial firms rank cyber risk as a top five concern, up from 59% earlier this year. [10/24/14]
- A Credit Card with a Built-in Fingerprint Sensor
A Norwegian company has developed a prototype of a credit card that authenticates the user via a built-in fingerprint sensor. The card would not need an on-card battery by harvesting energy from payment terminals. [10/23/14]
- What’s New Today at NCUA
The NCUA has released its October Report, with articles ranging in topics from cyber security to student loans, and everything between. The full report is available here. [10/22/14]
- Staples May Be Latest Data Breach Target
Staples has announced that itâs investigating a possible data breach involving credit cards at some of its stores. Although Staples has 1,800 stores nationwide, it appears that the breach may be limited to 11 stores in Pennsylvania, New York and New Jersey. [10/22/14]
- Breach Fallout: Nearly Half of Cardholders Going Back to Cash
A survey of credit card holders finds that 48% of respondents are more likely to pay with cash this holiday season, because of recent security breaches. The percentage rises the lower the income and education levels. [10/22/14]
- Guidance on How Your Small Business Customers Can Prevent Account Takeover
ABA offers five ways small business customers can protect themselves from corporate account takeover in this latest Cybersecurity Awareness Month installment. [10/22/14]
- Trade Group: President’s EMV Executive Order Misses the Boat
Requiring EMV chip technology to immediately be PIN-capable will actually slow the transition to chip cards and fails to provide safeguards for online transactions. [10/20/14]
