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Global financial groups vie for control over ‘mobile money’ future
Global financial groups battled Monday to control the lucrative future of “mobile money”, which will enable people to use a smartphone to go shopping instead of cash and credit cards. MasterCard, Visa and online payments service PayPal struggled for a slice of the industry as the world’s biggest mobile fair,…
French nonprofit brings credit card donations back to WikiLeaks
A French nonprofit group said Wednesday that it has established a fund enables the whistleblower website WikiLeaks to begin accepting credit card donations again for the first time in nearly two years. The announcement comes just days after WikiLeaks partner Datacell won a key legal battle against the Icelandic credit…
24 nabbed in U.S.-led cybercrime finance sting
NEW YORK — At least 24 people were arrested in the United States and abroad in a US-led sting operation targeting cyber criminals buying and selling stolen credit card information, officials said Tuesday. “Operation Card Shop” targeted “sophisticated, highly organized cyber criminals involved in buying and selling stolen identities, exploited…
U.S. seizes websites in stolen credit card crackdown
WASHINGTON — US authorities have ordered the seizure of 36 websites engaged in selling and distributing stolen credit card numbers, officials said Thursday. Visitors to the website, now in the custody of the federal government, are now greeted by a seizure banner under the FBI and Justice Department operation run…
Visa drops U.S. payment handler after breach
Global Payments on Monday said that Visa has dropped the US-based payment processor after data from as many as 1.5 millioncredit cards was looted from its system. The word came as credit card titans Visa and MasterCard scrambled to thwart cyber crooks who snatched a massive trove of valuable account data. The card industry was jolted…
Visa confirms report of major hack on credit card processor
Credit card giant Visa confirmed to Raw Story on Friday morning that previously unacknowledged whispers of a major hack on a third party credit card processor were true. That hack, which resulted in a series of breaches earlier this year, is rumored to have exposed more than 10 million accounts…
‘Embarrassingly simple’ hack could leave up to 100 million credit cards exposed
As many as 100 million credit cards in active use today contain a technology that can be tricked into exposing the users’ account to fraudulent transactions, according to a hacker who demonstrated the exploit on stage this past weekend at a conference in Washington, D.C. Speaking at the Shmoocon hacker…
Shoe seller says hacker compromised accounts
WASHINGTON — US online shoe seller Zappos.com was notifying some 24 million customers Monday that a hacker had gained entry to its computer network, but said credit card data was not affected. “We were recently the victim of a cyber attack by a criminal who gained access to parts of…
‘Saudi hacker’ publishes Israeli credit card details
A self-defined Saudi hacker claimed he had published details of 400,000 Israeli-owned credit cards online, but the card firms on Tuesday insisted that only 14,000 cards had been affected. Details of the hack were exposed late on Monday in a statement posted on an Israeli sports website. “Hi, It’s 0xOmar…
I Will Not Marry Your Poor Gay Nachos
After determining that the actual national debt is essentially infinite, Kevin D. Williamson over at the Corner starts talking about private debt, and how fuck you for having it: There’s about $1 trillion in U.S. credit-card debt out there, much of it securitized. The charge-off rate (the portion of defaulted…
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