In this article, the author discusses the impact of a credit card security breach at Commonwealth Bank of Australia (CBA) on consumer confidence in Australia. The author contends that the security breach illustrates the dangers of heavily interconnected systems. It argues that the event will ...
Otter said the breach illustrates why he tends to favor using credit cards over debit cards. "If you have a problem with your credit card, you know, you might be liable up to $50 but you're going to dispute the charges and the credit card company will eat it or the merchant. In t...
We realize a security breach or even a single act of fraud can destroy your business, that’s why we are constantly developing solutions to help prevent unlawful actions against you. Our security and fraud solutions help protect your business day and night from fraudulent payments, data mining, ...
An ATM skimmer is a device or a piece of equipment that is fixed on to an ATM in order to steal credit card data as you enter it into the machine. All this without even mentioning ATMs! If you really want to be terrified, then you should start reading the news site of security jour...
or software that they use to process credit card transactions will be responsible in the event of a data security breach. As with any contract, the fine print in the contracts for these products or services typically includes a number of provision...
A secured credit card is linked to a savings account you open with the bank or other financial institution offering the card. You deposit a sum of money in the account, and you can borrow up to that amount using your card. If you don't repay what you borrowed, the creditor can access...
Freezing your credit is one of the best ways to combat identity theft — and it's free to do. Security experts are advising all Americans to take a few minutes to complete what they deem an essential step in protecting one's credit files in a day and age when cybersecurity breaches are...
The breach occurred at CardSystems Solutions in Tucson, Ariz., a third-party processor of payment data, according to a MasterCard statement. An intruder was able to use security vulnerabilities to infiltrate the CardSystems network and access the cardholder data, MasterCard said. ...
Even if you haven’t been a victim of a credit card breach, it's important to act proactively to make yourself less vulnerable. If you have, don’t panic. It’s going to take time to clear up everything, but you won’t pay for any charges that weren’t yours. Call your credit ...
Credit Card Security What Is a Zero Liability Policy? A credit or debit card’s zero liability policy means the cardholder is not liable or financially responsible for unauthorized charges in most cases. Credit card issuers typically provide stronger protection, though terms may vary. Many debit ...