Security News
Visa has invested $9 billion over a five-year period to fund new fraud and security initiatives that include multi-layered cybersecurity, AI and analytics to further secure digital transactions. One service, Visa's flagship predictive analytics product Advanced Authorization, prevented an estimated $26 billion in fraud in 2021, according to Michael Jabbara, vice president and global head of fraud at Visa, in a recent interview with TechRepublic.
An attacker who steals a locked iPhone can use a stored Visa card to make contactless payments worth up to thousands of dollars without unlocking the phone, researchers are warning. The problem is due to unpatched vulnerabilities in both the Apple Pay and Visa systems, according to an academic team from the Universities of Birmingham and Surrey, backed by the U.K.'s National Cyber Security Centre.
An attacker who steals a locked iPhone can use a stored Visa card to make contactless payments worth up to thousands of dollars without unlocking the phone, researchers are warning. The problem is due to unpatched vulnerabilities in both the Apple Pay and Visa systems, according to an academic team from the Universities of Birmingham and Surrey, backed by the U.K.'s National Cyber Security Centre.
Academic researchers have found a way to make fraudulent payments using Apple Pay from a locked iPhone with a Visa card in the digital wallet with express mode enabled. Apple Pay solved the problem with Express Transit, a feature that allows a transaction to go through without unlocking the device.
Entrust announced that it has become a Visa Ready certified partner, offering their portfolio of Instant Financial Card Issuance solutions and expert guidance to help financial institutions create a smart, secure and convenient issuance experience for their cardholders across their branch network. As a Visa Ready certified partner, Entrust has flexible, secure and inspirational single-source instant issuance solutions that are trusted throughout the global payments ecosystem.
LoginID announced additional investment from Visa on the heels of its $6M seed round from veteran payment and fintech entrepreneurs. Visa recognizes that strong authentication solutions from companies like LoginID help promote its vision to improve integrity around payments - both reducing fraud and helping merchants meet global regulatory and compliance demands.
Global payments processor VISA warns that threat actors are increasingly deploying web shells on compromised servers to exfiltrate credit card information stolen from online store customers. Throughout the last year, VISA has seen a growing trend of web shells being used to inject JavaScript-based scripts known as credit card skimmers into hacked online stores in web skimming attacks.
Royal Dutch Shell is the latest corporation to be attacked by the Clop ransomware gang. It attempted to downplay the impact noting that "There is no evidence of any impact to Shell's core IT systems," and the server accessed was "Isolated from the rest of Shell's digital infrastructure." But it did acknowledge that the crooks had probably grabbed "Some personal data and... data from Shell companies and some of their stakeholders."
Royal Dutch Shell is the latest corporation to be attacked by the Clop ransomware gang. It attempted to downplay the impact noting that "There is no evidence of any impact to Shell's core IT systems," and the server accessed was "Isolated from the rest of Shell's digital infrastructure." But it did acknowledge that the crooks had probably grabbed "Some personal data and... data from Shell companies and some of their stakeholders."
Royal Dutch Shell is the latest corporation to be attacked by the Clop ransomware gang. It attempted to downplay the impact noting that "There is no evidence of any impact to Shell's core IT systems," and the server accessed was "Isolated from the rest of Shell's digital infrastructure." But it did acknowledge that the crooks had probably grabbed "Some personal data and... data from Shell companies and some of their stakeholders."