payment card fraud
Police chief: Cyber crime is everywhere
News Her warning came as payment clearing industry body Apacs released figures showing that £532.2m was lost to card fraud in 2007 - a 25 per cent rise since 2006. Lemon warned that the internet was fuelling a rise in global credit card fraud and that... [19 Mar 2008]
Card fraud up by a quarter to £535m
News Card fraud rose by 25 per cent in 2007, according to the latest figures from payment clearing industry body Apacs. Apacs said £535.2m was lost to card fraud overall last year, due mainly to stolen UK card details used in countries yet to upgrade to... [12 Mar 2008]
Geography lessons for online retailers
Comment For instance, online retailers and payment processors use geolocation to detect possible credit card fraud by comparing the user's location with the billing address on the account or the shipping address provided, or identifying known IP addresses... [09 Jan 2008]
Locking down financial security
Comment While overall card fraud is falling, instances of online fraud are rocketing, according to UK payment association Apacs. In 2006, internet fraud reached £154.4m, accounting for 73 per cent of card-not-present fraud. [24 Dec 2007]
Top 10 financial services stories of the year
News London hottest for online card fraud Research found London was the hottest spot in the UK for distance purchase (or card-not-present) card fraud. The report sponsors, Early Warning predicted card-not-present fraud would hit £200m in 2007. [17 Dec 2007]
Christmas spend online to hit £5bn
News Among the measures suggested by Apacs, are keeping antivirus software up to date and registering your payment card with the card security schemes. The number of adults shopping online has more than doubled in the last five years to around 30... [30 Nov 2007]
Solutions for Complying with PCI-DSS
White Paper The Payment Card Industry Data Security Standard (PCI-DSS), produced and governed by the major credit card companies, comprises directives to reduce fraud.Citrix Application FirewallTM, along with other Citrix solutions, provide compliance... [09 Nov 2007]
Experian adds anti-fraud tool
News Brooker said since the banking community has concentrated on reducing credit card fraud, fraudsters have moved on to other things, such as direct debit and direct credit fraud. Financial risk management specialist Experian has launched an account... [03 Oct 2007]
Dear silicon.com... DNA database, lie detector tech, sat-nav blunders...
Comment The same amount of benefit fraud would probably have been picked up by investigating claims at random --- and could have saved more because they wouldn't have parted with a substantial payment for unproven technology. [07 Sep 2007]
Chip and PIN security warning for retailers
News Since chip and PIN was introduced Apacs says the technology has had a dramatic effect on reducing card fraud in the UK. Since 2005 losses through face-to-face card fraud have fallen by 67 per cent. Sandra Quinn, director of communications at Apacs... [06 Sep 2007]
PCI DSS Made Easy: Addressing the Payment Card Industry Data Security Standard (PCI DSS)
White Paper Major credit card companies are pushing hard to stop the financial fraud incidents that have affected numerous organizations and their consumers. Consequently, organizations that accept payment card transactions are duly bound to comply with PCI... [06 Jul 2007]
Cheat Sheet: Chip and PIN
Cheat Sheet Since Chip and PIN was launched Apacs, the UK payment industry body, says it has had a significant impact in reducing fraud. It should be noted that the switchover cost more than £1bn, according to the card companies, so it does seem they're... [13 Jun 2007]
Barclays doles out 500,000 chip and PIN devices
News Barclays is the first organisation in the UK to roll out chip and PIN terminals to its customers and already offers an SMS text-alert payment confirmation system and anti-keystroke logging technology to combat potential fraud. [18 Apr 2007]
Online fraud up but card fraud down
News Card fraud losses fell in 2006 but online card-related fraud once again increased as fraudsters continued to target online transactions. Total losses through card fraud fell by three per cent in 2006 - from £439.4m in 2005 to £428m - according to... [15 Mar 2007]
ID fraud soaring across the pond
News Gartner said electronic theft of sensitive information is the leading cause of credit/debit card fraud and bank account transfer fraud.silicon.com Financial Services Fraud related to identity theft has risen by more than 50 per cent across the pond... [07 Mar 2007]
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