Over the past 5 years a scam known as electronic funds transfers at the point of sale (EFTPOS ) or skimming has been prevalent. Consumers commonly swipe both credit and debit cards through the in-store machines to pay for goods and services and hackers have been adept at coming up with ways to skim those…
Calling all identity thieves, stop wasting your time trying to open new credit card accounts or taking over existing credit card accounts, the money is in IRS tax related identity theft. The IRS is struggling to keep up with all the fraudulent income tax returns coming in via US postal and online filings. Criminals are…
Identity theft of the deceased is so wrong, and so easy, thanks in part to the availability of public records. In the 1990s, a provision in a federal welfare reform law created a loophole allowing swindlers to obtain Social Security numbers of the recently deceased. Some states’ records and statistics registries include Social Security numbers…
For more than a decade, cyber criminals have launched countless attacks on banks’ online infrastructure, successfully one-upping security professionals and their clients by creating viruses that bypass existing security measures. In response, computer security companies have continuously updated their technologies to address new cyber threats. However, one major variable that technology cannot control is the…
All over the world, online dating sites are riddled with internet scammers. For example the Australian government has collected reports from 1600 internet fraud victims who reported losing a total of 17 million dollars to online dating scams in 2011. “These scams typically involve a genuine user of a dating website being contacted by a…
Brilliance, historically, is often expressed in the simplest of technologies; the wheel and the light bulb are perfect examples. Today, brilliance is often attributed to advances in technologies that cure illnesses, solve problems, and make our lives easier. Over the past decade, coders, programmers, and hackers of all kinds have come up with some of…
There are few pseudo holiday celebration days or months that truly get my attention. But National Cyber Security Awareness Month definitely does! It’s the one month a year that consumers are consistently reminded by news reporters, government agencies, non-profits and security companies that security is everyone’s responsibility. All of us need to take actions to…
Contactless technology offers many benefits, including faster and easier transactions, versatility to be incorporated into various personal devices including mobile phones, and improved data security over the magnetic stripe technology. According to the Smart Card Alliance, “Contactless smart card technology includes strong security features optimized for applications involving payment and identities. Every day tens of…
Phishing, where a scammer sends an email that appears to come from a trusted source in order to trick recipients into clicking malicious links, has been around for quite a while now. Although phishing has become fairly well known, the scam continues to be a successful and widely used as a method of stealing bank…
As contactless technology embeds itself into the fabric of everyday transactions all over the world, numerous industries are fine-tuning integration of this latest payment technology into their operations. Employee Badges: Organizations all over the world are using contactless technology to verify individuals’ authenticity before granting access to a restricted facility, computer system, or electronic device.…
