payment identity theft in news
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Online cash payments on the cards?
News For example, he suggests PayPal is ideal for people who have concerns about the risk of identity theft because they do not have to disclose their details to retailers but because such accounts are still linked to a customer's bank account they are... [22 Oct 2007]
ID fraud soaring across the pond
News Fraud related to identity theft has risen by more than 50 per cent across the pond since 2003, according to analyst Gartner. Gartner said electronic theft of sensitive information is the leading cause of credit/debit card fraud and bank account... [07 Mar 2007]
Anti-spyware bill resurfaces in the US
News Representative John Dingell, a Michigan Democrat and the chairman of the House Energy and Commerce Committee, called the announcement "a serious down-payment on resolving the scourge of identity theft and related abuse". [09 Feb 2007]
Met laptops theft puts 15,000 at risk
News However, the theft is sufficiently serious that UK fraud prevention service Cifas, payment services organisation Apacs and credit reference agencies have been consulted about what action to take to safeguard staff against becoming victims of fraud. [22 Nov 2006]
Banks fight e-fraudsters with two-factor authentication
News Identity theft emails, known as phishing attacks, cost banks £12m last year, according to the Association of Payment and Clearing Systems (Apacs). Barclays already offers an SMS text-alert payment confirmation system and anti-keytroke logging... [05 Sep 2006]
Security breach strikes student loan site
News No reports of identity theft have arisen, and ACS is monitoring the situation, she added. Earlier this year, the Texas Guaranteed Student Loan company said up to 1.3 million borrowers were at risk of ID theft after computer equipment loaded with... [25 Aug 2006]
Tax credit fiasco: 8,800 identities stolen
News The government has admitted losing £2.7m to fraudulent claims through a hole in the tax credits system as details emerge of further employee identity theft. Brian Contos of security firm ArcSight said: "This incident has been described as one of... [19 Jan 2006]
US bank gives two-factor authentication to millions of customers
News Bank of America is to provide two-factor authentication technology to 14.5 million customers in a bid to cut identity theft. The move was part of a wider strategy outlined by the Association of Payment and Clearing Systems (Apacs) which said that... [07 Nov 2005]
Fraud drives banks' smart card push
News Card fraud and identity theft are driving demand for and cutting the cost of smart cards in the financial sector, analysts claim. The analyst said banks are rapidly adopting contactless payment cards, such as MasterCard's PayPass and Visa's Visa Wave. [18 Oct 2005]
eBay coughs up $370m for VeriSign service
News Under the terms of the agreement, eBay will adopt a new kind of transaction protection from VeriSign that will give customers one-time passwords or digital certificates, guarding against identity theft. [11 Oct 2005]
Chip and PIN credited for £36m drop in card fraud
News Half-year figures for fraud on card-not-present transactions and identity theft on card accounts will be published by Apacs next month. Payment industry body Apacs claims the drop in fraud is a result of the increasing use of chip and PIN... [10 Oct 2005]
UK users 'quitting net banking over security fears'
News Some UK internet users have stopped using online banking because they are scared of identity theft, an analyst claims. The results come as a US study also found the number of people using internet banking has stagnated because of ID theft fears. [07 Sep 2005]
Massive ID theft ring still operating
News An estimated 27,000 people have been affected by an identity theft ring that was discovered earlier this month, according to Sunbelt Software, the security firm which uncovered the operation. Eric Sites, the vice president of research and... [25 Aug 2005]
Online shoppers pledge more money to safer internet
News An alarming 83.2 per cent of respondents said they feel threatened or extremely threatened by online fraud, while a similar number expressed the same levels of concern surrounding identity theft. A number of credit card companies have trialled... [19 Aug 2005]
'Banks must educate customers on fraud'
News Managed services company Unisys has attacked banks and building societies for failing to tackle consumer apathy towards identity theft and fraud. Nigel Moden, retail banking partner at Unisys, said in a statement: "Many financial institutions... [04 Aug 2005]
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