Protecting Credit Cards and Bank Accounts from Hackers
Data breaches and credit card fraud are becoming common occurrences. Yesterday's revelation that hackers stole credit card information from 63 Barnes & Noble stores is just the latest reminder....
View ArticleLowCards.com Weekly Credit Card Update October 26
Credit Card Settlement Could Stymie PayPal's Retail Plans A provision within the hotly-contested settlement between merchants and credit card networks could potentially slow PayPal's bid to become more...
View ArticleAuthorities Bust Worldwide Credit Card Ring that Stole $200 Million
The U.S. Justice Department announced charges against 18 people who bilked financial institutions out of at least $200 million in an international credit card fraud scheme. This would be one of the...
View ArticleThe Movement Toward Chip-Based Credit Cards
Educational initiatives on the U.S. transition to secure chip-based credit card payment systems was one of the top priorities for 2013 to come out of the 6th annual Smart Card Alliance Payments Summit,...
View ArticleCramming: A New Type of Credit Card Fraud
Ever notice $10 to $50 missing from your available credit balance without a clue as to why? If so, you may be a victim of "cramming," a new type of credit card fraud. Cramming involves the use of...
View ArticleProtecting Against Credit Card Fraud
Credit card fraud has unfortunately become an every day occurrence, not just in this country but around the world. A 2012 global study by ACI Worldwide and Aite Group shows that one in four respondents...
View ArticleCredit Card Fraud Hits the Supreme Court’s Chief Justice
No one is immune to credit card fraud--not even the Chief Justice of the Supreme Court. John Roberts was seen paying for coffee in cash at a local Starbucks because he had to cancel his credit cards. A...
View ArticleYour Unused Credit Cards May Be Vulnerable
Do you have a credit card sitting in your wallet that you do not use anymore? Most of us keep these around for emergencies, spending sprees or we are just too lazy to cancel the card. You need to be...
View ArticleRakuten.com Users Report Credit Card Fraud
Rakuten.com, formerly Buy.com, is a well-known Asian retail site with thousands of daily users. A site with this kind of retail traffic is a prime target for hackers. According to news reports, there...
View ArticleLeader of $200 Million Credit Card Fraud Ring Pleads Guilty
The leader of a $200 million credit card fraud ring that was busted earlier this year has now plead guilty to his actions. This case is one of the largest instances of fraud ever prosecuted by the...
View ArticleLowCards.com Weekly Credit Card Update–July 26, 2013
New Ruling on Credit Card Regulations Could Mean Big Changes at the Cash Register in Canada A ruling expected this week on a complaint against Visa and MasterCard could significantly change how...
View ArticleBusy Office Workers Targeted in New Credit Card Fraud
A new kind of credit card fraud is targeting busy office workers who are being told that they are in trouble with the law for missing jury duty. The scheme was finally busted by Wisconsin authorities,...
View ArticleLowCards.com Weekly Credit Card Update–July 31, 2013
Why Stolen European Credit Cards Cost Five Times as Much as U.S. Ones European hackers accused of selling stolen data only collected about $10 for each stolen American credit card number, according to...
View ArticleStolen European Cards More Valuable on Black Market than U.S. Cards
Two weeks ago, a federal indictment charged five gang members with stealing more than 160 million credit card numbers from around the world during the past seven years, resulting in hundreds of...
View ArticleWorkers Spend $29 Billion on Government Credit Cards a Year
Reports from the IRS reveal that government employees spend over $29 billion on federal credit cards every year. This is actually a decline from the nearly $31 billion in 2011, but they still reveal a...
View ArticleAluminum Foil Used in Credit Card Fraud
Of all the ways we use aluminum foil, you'd never expect someone to turn it into a tool for credit card fraud. Nevertheless, some criminals in Kansas City have discovered that covering satellites with...
View ArticleWife of Seattle Mariners’ Outfielder Allegedly Charged $180,000 on Teammate’s...
Credit and debit card fraud can hit even the rich and famous. The wife of a part-time Seattle Mariners outfielder allegedly used the debit card of his star teammate's wife to charge almost $180,000...
View ArticleHow Banks Are Responding to Massive Target Breach
The security breach that took place in Target stores during the peak holiday shopping season hurt more than the giant retailer. It created substantial headaches for the banks and issuers behind the 40...
View ArticleTop 10 Signs of Identity Theft
Recent security breaches at Target, Skype and Snapchat show that identity theft has become a major problem in our society. Unfortunately, personal information, email, credit cards and bank accounts are...
View ArticleWhen Your Credit Card is Stolen
What happens to your credit card once it is stolen? If it is someone physically stealing your wallet or purse, the thief may take your card down the street and immediately go on a shopping spree before...
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