Security News
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."
Cybersecurity researchers have disclosed a novel attack that could allow criminals to trick a point of sale terminal into transacting with a victim's Mastercard contactless card while believing it to be a Visa card. The research, published by a group of academics from ETH Zurich, builds on a study detailed last September that delved into a PIN bypass attack, permitting bad actors to leverage a victim's stolen or lost Visa EMV-enabled credit card for making high-value purchases without knowledge of the card's PIN, and even fool the terminal into accepting unauthentic offline card transactions.
Visa announced the availability of a new benefit for its Visa consumer credit accountholders in the U.S. Consumers with Visa Infinite, Visa Signature or Visa Traditional credit cards can now enroll and take advantage of a complimentary offer and discounts on products and services from NortonLifeLock. "The past year has brought tremendous change in the way people are using their Visa credit cards and associated benefits," said Brian Cole, head of product, NA, Visa.