Hacked: Hacking Finance

Hacked: Hacking Finance


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Hacking

Hackers Only Need Seconds to Figure Out Card Details

Posted on December 3rd, 2016.

Experts from Newcastle University in England has found that hackers only need six seconds to figure out the card number, expiry date, and security code for a Visa debit or credit card by simple guesswork, according to a report from The Telegraph. According to figures from the Office of National Statistics, in the U.K. the number of bank...

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Business

US Bank Uses Mobile Phones Geolocation to Prevent Fraud

Posted on October 22nd, 2016.

The U.S. Bank has unveiled that it is attempting to stop fraud by using consumers’ mobile phones geolocation to determine if a consumer’s card information matches that of its phone, according to a report by American Banker. Nowadays, it’s no longer possible to walk down the street without seeing someone on their phone. Nor is it possible...

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Breaches

Hilton Hotels Targeted by Hackers in a Credit Card Breach

Posted on September 28th, 2015.

Hilton Worldwide is looking into claims of a substantial credit card breach after independent security researcher and journalist Brian Krebs broke the news this weekend. According to security journalist Brian Krebs, multiple properties and franchises of the Hilton Hotel have been compromised by hackers in a sweeping credit card breach....

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Companies

Visa and Mastercard Sued for Part in WikiLeaks Bank Blockade

Posted on December 13th, 2014.

American attorneys for the Icelandic hosting provider used by WikiLeaks, DataCell, have filed a suit against credit card giants MasterCard and Visa in United States District Court. The suit claims that Visa and Mastercard participated in a coordinated attempt to cut off funding to WikiLeaks. Visa and Mastercard’s combined monopoly...