avivah litan – Page 2 – Network Securitas

January 5, 2017

Stolen Passwords Fuel Cardless ATM Fraud

This post was originally published on this siteSome financial institutions are now offering so-called “cardless ATM” transactions that allow customers to withdraw cash using nothing more than their mobile phones. But as the following story illustrates, this new technology also creates an avenue for thieves to quickly and quietly convert stolen customer bank account usernames and passwords into cold hard cash. Worse still, fraudulent cardless ATM withdrawals may prove more difficult for customers to dispute because they place the victim at the scene of the crime. A portion of the third rejection letter that Markula received from Chase about her $2,900 fraud claim. […]

March 7, 2017

Payments Giant Verifone Investigating Breach

This post was originally published on this siteCredit and debit card payments giant Verifone [NYSE: PAY] is investigating a breach of its internal computer networks that appears to have impacted a number of companies running its point-of-sale solutions, according to sources. Verifone says the extent of the breach was limited to its corporate network and that its payment services network was not impacted. San Jose, Calif.-based Verifone is the largest maker of credit card terminals used in the United States. It sells point-of-sale terminals and services to support the swiping and processing of credit and debit card payments at a variety of […]

May 18, 2017

Fraudsters Exploited Lax Security at Equifax’s TALX Payroll Division

This post was originally published on this siteIdentity thieves who specialize in tax refund fraud had big help this past tax year from Equifax, one of the nation’s largest consumer data brokers and credit bureaus. The trouble stems from TALX, an Equifax subsidiary that provides online payroll, HR and tax services. Equifax says crooks were able to reset the 4-digit PIN given to customer employees as a password and then steal W-2 tax data after successfully answering personal questions about those employees. In a boilerplate text sent to several affected customers, Equifax said the unauthorized access to customers’ employee tax records happened between […]

November 6, 2017

Simple Banking Security Tip: Verbal Passwords

This post was originally published on this siteThere was a time when I was content to let my bank authenticate me over the phone by asking for some personal identifiers (SSN/DOB) that are broadly for sale in the cybercrime underground. At some point, however, I decided this wasn’t acceptable for institutions that held significant chunks of our money, and I began taking our business away from those that wouldn’t let me add a simple verbal passphrase that needed to be uttered before any account details could be discussed over the phone. Most financial institutions will let customers add verbal passwords […]