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Malware Emerges to Force Contactless Users to Insert Their Card Instead
Contactless payments have taken off in the United States and other markets in recent years, but now a piece of malware has emerged that can block wave-and-pay or tap-to-pay transactions and force users to insert their cards in a terminal instead, according to a new report by the Moscow-based global …
Read More »AmEx Revenues up 25%; What’s the Price of Malware? Plus Weekly Recap
The Price of Malware? Just $10
The proliferation of plug-and-play software has revolutionized the computing experience, mostly for good. But bad actors, too, are able to take advantage of the plug-and-play experience and purchase malware kits that require little to no coding expertise, which can retail for less than $10, according to a new report from …
Read More »Amazon Adds Affirm’s BNPL Service; Wawa Settles Malware Lawsuit; Visa Adopts Contactless Transit Incentive
Convenience Chain Wawa Settles a Class Action Suit Stemming from a Malware Attack
The convenience-store chain Wawa Inc. announced Monday it settled a class-action lawsuit stemming from a data breach in 2019 that was related to malware discovered on its payment-processing servers. The settlement, which is subject to court approval, resolves all customer claims related to the data breach. The malware affected customer payment card information …
Read More »Having Exhausted Covid Scams, Criminals Are Returning to E-Commerce Fraud And Malware Attacks
Now that criminals have milked the bulk of their opportunities related to pandemic relief efforts, they are turning their attention back to their old standby, payments-related fraud. Not surprisingly, their target of choice is e-commerce, which has rocketed due to restrictions on the number of consumers allowed in physical stores and …
Read More »Eye on Gas Stations: Networks Reject Delay in EMV Liability Shift; Visa Warns of Malware Attacks
Gas stations and convenience stores won’t be getting an extension of the upcoming October 2020 fuel-pump EMV liability shifts, according to a merchant trade group. Meanwhile, Visa is warning of malware-based attacks against fuel retailers that invade their point-of-sale systems. The major networks have set next October for pumps to …
Read More »Visa Confirms FTC Routing Inquiry; Elavon Acquires Sage Pay; Checkers Contends With POS Malware
Checkers Contends With POS Malware and other Digital Transactions New briefs from 11/18/19
Checkers Drive-in Restaurants Inc., which in May said malware had affected certain of its Checkers and Rally’s locations, said it is aware the malware had affected one more Checkers and Rally’s location and also that the malware had been re-installed at “several” locations the company had previously identified as affected. The company …
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