Video Rewind: Data security important when accepting plastic payment

With new services offering small merchants a way to accept credit card payments on an iPhone (such as the product offered by Payfirma) it's now easier than ever to ask your customers "will

Published on: January 26th, 2012 ITBusiness Staff

Express IT: Mobile payments will be best cash alternative

Cash might be king, but it's more common to not actually carry any of it around these days. Consumers are more likely to pay with a debit or credit card for even small

Published on: August 31st, 2011 Brian Jackson

Beware

When it comes to protecting yourself against financial fraud and identity theft, don’t just safeguard your computer and other tech devices – it still pays to be careful on that old school device

Published on: June 23rd, 2011 Christine Wong

Video Rewind: PayPal’s launch of Website Payments Pro service

As we enter the 2010 Holiday season, it looks like more shoppers than ever will be buying gifts online and avoiding the crowds at malls. When they do buy those online gifts, many

Published on: November 25th, 2010 ITBusiness Staff

How to receive payments on your iPhone

When Web comic artist Rich Stevens sells his original work at conventions, he offers his customers two payment options. "My favorite thing to do is ask people, 'Cash or future?'" the Massachusetts man

Published on: November 10th, 2010 Joel Mathias

Fraudsters steal cash using ATM ‘flash attacks’

Over the last few weeks, criminals have been exploiting weak fraud detection systems used for debit cards with "flash" attacks, where hundreds of withdrawals are made over a very short period of time.Banking

Published on: October 28th, 2010 Jeremy Kirk

Find secrets hidden in the recesses of your PC with Identity Finder

My laptop was a ticking time bomb. Deep within a nested hierarchy of folders in the machine's My Documents folder, in an archive eight levels down, sat 722 Social Security numbers. For nearly

Published on: May 14th, 2010 Robert L. Mitchell

Banks, payment processors on alert following Visa fraud tip off

Visa Inc. last week sent a fraud alert to banks and payment processors warning them to look out for a "large batch settlement fraud scheme" involving a merchant account in East Europe.That alert

Published on: May 13th, 2010 Jaikumar Vijayan

Family weeps as TJX hacker gets 20 years in slammer

As his parents and sister silently wept, hacker mastermind Albert Gonzalez was sentenced Thursday in U.S. District Court to two concurrent 20-year stints in prison for his role in what prosecutors called the

Published on: March 29th, 2010 Nancy Weil

Iceman gets 13 years, must pay $27.5M to hacking victims

A former security researcher turned criminal hacker has been sentenced to 13 years in federal prison for hacking into financial institutions and stealing credit card account numbers.Max Ray Butler, who used the hacker

Published on: February 17th, 2010 Robert McMillan

5 most notorious data breaches of 2009

If there was anything even vaguely comforting about the data breaches that were announced this year, it was that many of them stemmed from familiar and downright mundane security failures. Companies continued to

Published on: December 18th, 2009 Jaikumar Vijayan

Security expert stunned at bank’s fraud prevention practices

Checking out of a Hilton hotel in London, security expert Roger Thompson was told his Visa card had been declined due to suspicions it was stolen, a situation that only got more disconcerting

Published on: December 16th, 2009 Ellen Messmer and Joaquim P. Menezes

Restaurant owner sues point-of-sales vendor following hack attack

When Keith Bond bought a computerized cash register system for his Broussard, Louisiana, restaurant, he thought he was modernizing his restaurant. Today, he believes he was unwittingly opening a back door for Romanian

Published on: December 3rd, 2009 Robert MacMillan

Cybercrooks using stolen credentials to plunder small business accounts

An organization representing more than 15,000 financial institutions has issued a warning about a growing wave of attacks against small banks and businesses by cybercriminals using stolen banking credentials to plunder corporate accounts.In

Published on: August 27th, 2009 Jaikumar Vijayan