Fraud Detection Technology
As of Monday, at least 80 people were victimized by credit and debit card readers being tampered with.
Visa has enhanced the security of its electronic credit card authorization system, known as VisaNet, to improve the speed and accuracy of fraud detection, the card brand announced Thursday. Earlier this year, Visa improved the processing platform of its Advanced Authorization technology so that it can analyze more information and perform more functions faster. "This provides Visa with a comprehensive view into the global payments system, leading to high levels of intelligence around spending patterns and improving the company's ability to detect and prevent fraud in near real-time," Visa said. The company believes the improvements could lead to a 29 percent gain in fraud detection over 2009. - DK
Commercial bank account holders are not offered the same degree of liability protection as financial institutions, reports Dan Kaplan.
Sign up to our newsletters
SC Magazine Articles
- CISO salaries and demand for cyber-skills skyrockets, surprising no-one
- Skype targeted by T9000 backdoor trojan
- Student SSNs exposed in University of Central Florida breach
- Malwarebytes says sorry for multiple AV bugs, still unpatched
- Ransomware and POS attackers to zero in on small businesses, retailers
- Obama goes hard on cybersecurity, new CNAP commits funds, resources
- NSA reorg could strengthen defense ops
- Pro-Palestine hacktivist makes good on threat, posts data on FBI and DHS personnel
- Microsoft's February Patch Tuesday: 13 bulletins addressing 36 vulnerabilities
- Draft Investigatory Powers Bill draws fire from Parliamentary committee