EMV

February 16, 2016

The Great EMV Fake-Out: No Chip For You!

This post was originally published on this siteMany banks are now issuing customers more secure chip-based credit cards, and most retailers now have card terminals in their checkout lanes that can handle the “dip” of chip-card transactions (as opposed to the usual swipe of the card’s magnetic stripe). But comparatively few retailers actually allow chip transactions: Most are still asking customers to swipe the stripe instead of dip the chip. This post will examine what’s going on here, why so many merchants are holding out on the dip, and where this all leaves consumers. Visa CEO Charles W. Scharf said in an earnings […]
May 25, 2016

Skimmers Found at Walmart: A Closer Look

This post was originally published on this siteRecent local news stories about credit card skimmers found in self-checkout lanes at some Walmart locations reminds me of a criminal sales pitch I saw recently for overlay skimmers made specifically for the very same card terminals. Much like the skimmers found at some Safeway locations earlier this year, the skimming device pictured below was designed to be installed in the blink of an eye at self-checkout lanes — as in recent incidents at Walmart stores in Fredericksburg, Va. and Lexington, Ky. In these attacks, the skimmers were made to piggyback on card readers sold by payment […]
December 2, 2016

Visa Delays Chip Deadline for Pumps To 2020

This post was originally published on this siteVisa this week delayed by three years a deadline for fuel station owners to install payment terminals at the pump that are capable of handling more secure chip-based cards. Experts say the new deadline — extended from 2017 — comes amid a huge spike in fuel pump skimming, and means fraudsters will have another three years to fleece banks and their customers by installing card-skimming devices at the pump. Until this week, fuel station owners in the United States had until October 1, 2017 to install chip-capable readers at their pumps. Under previous Visa […]
June 17, 2017

Credit Card Breach at Buckle Stores

This post was originally published on this siteThe Buckle Inc., a clothier that operates more than 450 stores in 44 U.S. states, disclosed Friday that its retail locations were hit by malicious software designed to steal customer credit card data. The disclosure came hours after KrebsOnSecurity contacted the company regarding reports from sources in the financial sector about a possible breach at the retailer. On Friday morning, KrebsOnSecurity contacted The Buckle after receiving multiple tips from sources in the financial industry about a pattern of fraud on customer credit and debit cards which suggested a breach of point-of-sale systems at […]