MasterCard, Visa confirm credit card data theft described as ‘massive’ As Reported by Bob Sullivan via MSNBC “MasterCard is currently investigating a potential account data compromise event of a U.S.-based entity and, as a result, we have alerted payment card issuers regarding certain MasterCard accounts that are potentially at risk,” that association said in a [...]
Tag Archives: Payment Fraud


FBI director Robert Mueller: “The risks are right at our doorsteps and in some cases they are in the house”; Richard Clarke, former White House terrorism czar: “Every major company in the U.S. and Europe has been penetrated — it’s industrial warfare” Published 5 March 2010 – Homeland Security News Wire Terrorists, crooks, and nation [...]
By Marcia Savage, Site Editor 03 Nov 2009 | SearchFinancialSecurity.com The surge of Automated Clearing House (ACH) fraud committed by criminals stealing the online banking credentials of small and midsize businesses has resulted in approximately $100 million in attempted losses, according to the FBI. Criminals are hitting businesses at a rapid clip, with several new [...]
Payment fraud is a hot topic these days and we wanted your thoughts. How is your company working to protect themselves from fraud? Do you use human or computer aided technologies?





