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A 17-year-old Russian boy is behind the malware that has wreaked havoc at Target Corp., says IntelCrawler LLC, a Sherman Oaks, Calif.-based data-security company. In a release posted on its Web site Friday, IntelCrawler disclosed that it tracked down the alleged hacker via its own sources, including chat transcripts …
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Tapping Its Security Reputation, Brink’s Teams with 2Checkout To Offer Online Payments
Hoping to build off its security reputation, The Brink’s Company announced Tuesday it launched Brink’s Checkout, an e-commerce payment service in conjunction with 2Checkout.com Inc., an e-commerce payment-services company. The famed armored-car company will market and sell Brink’s Checkout, while 2Checkout will provide the payment processing, oversee the merchant application …
Read More »Trends & Tactics: Feeling Insecure? It’s No Wonder
If a recently released annual survey is any indication, small merchants remain unconvinced they are vulnerable to data breaches, pay far too little attention to security, and regard PCI simply as a cost item. “We still see drastic deficiencies in the number of merchants who think they’re at risk,” says …
Read More »Security: Changing the ‘Checkbox’ Mindset
Jim Daly With PCI 3.0, the PCI Council hopes merchants will come to regard data security as “business as usual” rather than just an annoying annual ritual. Here are just a few of the things you’ll find in the new Version 3.0 of the Payment Card Industry data-security standard (PCI): …
Read More »Coin Gets Lots of Buzz, But May Get Devalued When the Euphoria Wears off, Experts Say
The Coin card, which officially launched last Thursday but is not yet available in the market, is generating a tidal wave of buzz in the press and on social-media sites but is not wowing payments experts contacted by Digital Transactions News. “It’s solving a problem that doesn’t really exist,” says …
Read More »Despite Signs of Progress, Small Merchants Still Lag on Risk Assessment And PCI
Coming on the heels of the release last week by the PCI Security Standards Council of a revised Payment Card Industry data-security standard (PCI) is a report Tuesday that shows how much progress small merchants are making in locking down card data—and how painfully slow much of that progress has …
Read More »The PCI Council Unveils Its ‘User-Friendly’ Version 3.0 of the PCI Security Rules
Better management of passwords and prevention of point-of-sale terminal tampering are just two features of the new Version 3.0 of the Payment Card Industry data-security standard that the PCI Security Standards Council unveiled Thursday. On its surface, Version 3.0 looks much the same as the previous edition, 2.0, which the …
Read More »Security: Peace of Mind: Is It Worthwhile?
Jim Daly Data-breach insurance has become a mainstream product in the merchant-acquiring business, but some executives say PCI compliance and diligent security practices negate the need to buy coverage. What’s next? The unnerving reality that credit and debit card-accepting merchants and their processors can have their computer systems hacked spawned …
Read More »Working with a Startup, Google Cuts the Ties Between NFC And the Secure Element
For two years, Google Inc. and Verizon Wireless have been at odds, with Verizon blocking the online search giant’s access to SIM cards on Verizon devices for Google Wallet. But on Thursday Google released a new version of its Android mobile operating system that not only slices through that Gordian …
Read More »‘Medium-Sized’ Changes on Tap With PCI’s Pending Version 3.0
The upcoming Version 3.0 of the Payment Card Industry data-security standard (PCI) is being billed as having more than a few tweaks but not wholesale changes from the three-year-old Version 2.0 that it will replace in November. “It’s a medium-sized change,” says Anton Chuvakin, research director, security and risk …
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