Tag: Fraud

The Truth About EMV in the US: Card-Not-Present Fraud

To continue our discussion about popular myths and misconceptions about EMV payment cards, let’s talk about card-not-present (CNP) fraud – the kind where the merchant never sees you or your card. In other words, the merchant never verifies that the person making the transaction is the legitimate cardholder by checking the signature or seeing that […]

Smart ID cards for smart South African citizens

As the former President of South Africa recovers in hospital, having fought for and overseen the breakdown of apartheid in his country, it’s somehow fitting that Mr Mandela was among the first to receive the country’s new identification (ID) smart cards recently. Coinciding with International Nelson Mandela Day, other notable recipients of the smart technology […]

The truth about EMV in the US: Is it coming…

If you are a frequent reader of this blog, then you know that EMV is coming to the US.  But for many of the individuals and organizations impacted by the change to the US payments infrastructure – like consumers, card issuers, processors and merchants – EMV is a new technology. As with any technology shift, […]

A smarter US social security card

The United States social security card dates back to 1936 and it hasn’t changed much since then. A small piece of paper the size of a ticket stub holds one’s social security number that is an American’s life line for identity verification, employment eligibility, and citizenry. The paper card is not quite up to date […]

Fraudsters can’t Bank on eBanking

As our use of the internet and eBanking services has advanced, so have the methods that criminals use to target our personal information. The number of attacks rose sharply in 2012 due in large part to shared server hacks, which are gaining in popularity (they accounted for 47% of all phishing attacks in the second […]

Tis the Season for… Online Fraud?

If you read the news as much as I do, you probably have seen a lot of advice about how to avoid having your financial details stolen this holiday season.  It’s true that conducting banking transactions or shopping online does make you vulnerable to cybercriminals lurking in the background.  But there are a lot of […]