PINcept.com: February 2009

Hacked! Is Visa Next?

In an article scheduled for next months Bank Technology News, Rebecca Sausner talks about the call and the need for systematic reform in the payments industry. The main theme of the article is to adopt an End (Beginning) to End Encryption standard. One of the more eye-opening quotes comes from Avivah Litan, distinguished analyst from Gartner, who asks "How much worse can it get than a top 10 processor being breached? Visa's...

Posted by John B. Frank Saturday, February 28, 2009 0 comments

Visa: New Payment Processor Breach Not New

The new processor breach that has had everyone speculating over the past 2 weeks... is "not new" according to Visa. Everyone else's (100,000,000 plus cards) card information has not been kept a secret, yet the "identity" of the processor who let the hacking world into theirs HAS been. Visa has already publicly stated that this "new" breach was "unrelated to the Heartland breach," so that leaves only one processor...

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Finovate Startup09 Company Descriptions

Finovate Startup Conference Company Descriptions (NetBanker)By Jim BrueneTo give you an idea of the types of innovations being funded in financial services these days, here's a capsule description of the first 48 companies demoing at FinovateStartup April 28 in San Francisco Attention attendees: You have just one day left to register (here) at the discounted price of $795. Finovate Startup 2009 ParticipantsAcculynkAcculynk is a payments...

Posted by John B. Frank Friday, February 27, 2009 2 comments

Visa Survey Reveals Many SME's Believe They Are too Small to Attract Fraudsters

Fraud Prevention Month activities highlight importance of data security for small businesses in CanadaTORONTO, Feb. 27 /CNW/ - A survey of Canadian small businesses released today by Visa reveals that 41 per cent of respondents believe that 'data thieves and hackers' are not interested in targeting their businesses because of their size. As part of its annual Fraud Prevention Month activities, Visa is hosting free fraud prevention...

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Banks File Class Action Against Heartland

Bank Info Security, which has been covering the Heartland Breach better than most any other site I have found is now reporting that a class action lawsuit has been filed against the company on behalf of the banking institutions. Saw this coming from a mile away...(see: Banks Not HPY with Heartland) This is just the beginning folks. If I owned shares in Heartland, I wouldn't be HPY.One lawsuit,the Lone Star National Bank...

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Experts Publish 20 Guidelines to Halt Data Breaches

NOTICE to readers of this draft document: Criticisms and suggestionsare strongly encouraged. If you are actively engaged in cyberforensics, red teams, blue teams, technical incident response,vulnerability research, or cyber attack research or operations, pleasehelp make sure this document is as good as it can be. Sendcriticism/comments/sugges tions to John Gilligan as well as to cag@sans.org byMarch 25, 2009Twenty Most Important Controls...

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Mobile Banking to Top $5.5 Billion in 2013

Forecast: Mobile banking revenues to top $5.5B in 2013By Jason AnkenyConsumers will conduct almost 300 billion mobile payment and banking transactions worth more than $860 billion in 2013, a twelve-fold increase in gross global transaction values in five years, according to a new forecast published by market research firm Informa Telecoms & Media. Informa contends that if key players collaborate effectively, the mobile payments and...

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Whitepaper - Mobile Banking in the United States

Blackberry Whitepaper: Mobile Banking in the United States – The Evolution of Anywhere BankingTechnological, economic and market factors have enabled a new breed of customers. Find out how the banking industry can leverage this new channel. * Download Now (PDF)or...to only see their conclusion, click the image below and it will enlarge enough to r...

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Moneris Awards Verifone $10M EMV Terminal Contract

CANADA'S MONERIS AWARDS VERIFONE $10M EMV TERMINAL CONTRACTBank-backed Canadian card payments processor Moneris is gearing up for the country's migration to EMV by awarding eftpos vendor Verifone a $10 million contract for the supply of terminals. More on this story: http://www.finextra.com/fullstory.asp?id=19...

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Pago Retail Report 2008 Press Release

(In Europe) Credit card increases lead over other payment methods in online retailingLatest Pago Retail Report by Deutsche Card Services shows significant differences in payment behaviour between online retailing and e-commerce as a wholeCOLOGNE, 27 February 2009 - As in overall e-commerce, credit cards are clearly the preferred payment method in European retailing. Their share rose almost 6 pp year-on-year, to now 81.57%. In other words:...

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Visa in one Helluva SMS

HOLLYWOOD, Fla., Feb. 26 /PRNewswire/ --Charge Notification Services Corporation (C.N.S.C.) has filed a lawsuit against VISA, Inc. for patent infringement. C.N.S.C. is a relatively young company in Miami, Florida, that offers information processing services to credit card issuing banks. The C.N.S.C. patent covers charge card transaction authorization and/or notification in real-time via SMS to the cardholder's cellular phone. VISA and some...

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Jewel Thieves

How To Steal a PIN Chicago Sun TimesFROM STNG WIRE REPORTSTwo women police say were accomplices in a scam were arrested early Wednesday for allegedly stealing cash using a debit card PIN number in the self-checkout lines of a Near North Side Jewel grocery.Belmont Area detectives issued a community alert Wednesday after a man met two women outside a River North bar last month and later discovered his bank debit card was missing and $8,600...

Posted by John B. Frank Thursday, February 26, 2009 0 comments

United - No Cash..."Card Info"

In a Press Release from United Airlines, they announced No Cash...Visa! So your Martini's, Dewars, Makers Mark and other in-flight purchases must be paid for with CASH only.If the reasoning behind this is that they don't want their steward's to pocket cash, then they apparently are not aware of the potential danger this poses for their customers. Hopefully people will be able to swipe their cards from their seat because...

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Mystery Processor's Breach Timeline

DATALOSSdb.org has released a comprehensive time-line on the Mystery Breach at one of our nation's prominent card processors. Since the PIN Payments Blog has been following this closely, we thought we'd share. Kudos to DATALOSSdb.org for putting this together in a clear and concise way... 2009-02-26 by d2dHere's a timeline of what we've seen surrounding this vaguely disclosed breach. First, some terms:CAMS: This is an...

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500,000 Websites Hit by SQL Injection in '08

darkReading says that SQL Injection hit 500,000 Websites last year:Report: More Than 500,000 Websites Hit By New Form Of SQL Injection In '08New Web breach incident report finds the bad guys deploying more automated attacks, targeting customers rather than data on sitesFeb 25, 2009 | 02:52 PMBy Kelly Jackson HigginsDarkReadingA new flavor of an old-school Web attack was responsible for compromising more than 500,000 Websites last year.An...

Posted by John B. Frank 0 comments

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