Page 16 - Secure Transactions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

I vividly remember the moment I realized how woefully insecure credit and debit cards are. I watched as someone took an off-the-shelf USB magnetic strip reader and plugged it into a computer, which recognized it as a keyboard. They opened a word processor and swiped the card. A series of numbers dutifully appeared in the text file. That was it: The card's information had been pilfered.  That same technology has matured and miniaturized. Tiny "skimmers" can be attached to ATMs and payment terminals to skim your data off the card's magnetic strip (called a "magstripe"). Even smaller "shimmers"...

malware analysis  “The current pandemic has accelerated changes taking place in the financial landscape,”  said Lachlan Gunn, EAST Executive Director.  “Financially motivated cybercriminals targeting banks and other financial institutions have reacted accordingly and increasing our collaboration with FS-ISAC is an important step forward in the sharing of intelligence for the industry in Europe and beyond.”  “Accelerated global digitalisation combined with the growing sophistication of cybercriminals demands more sharing and collaboration in the financial sector, both re...