News

America’s Most Notorious Sheriff Got His Credit Card Stolen

[credit provider=”via CBS5″ url=”http://www.kpho.com/story/20962442/thieves-swipe-sheriff-arpaios-credit-card”] Arizona’s Sheriff Joe Arpaio is claiming someone stole his credit card and spent nearly $300 at a grocery store in Chicago, CBS5 reported Monday.Arpaio, who has made headlines for his hardline stance on immigration, told the TV station someone used his Discover card to buy $291 […]
America’s Most Notorious Sheriff Got His Credit Card Stolen
Markets

The Embarrassing Anatomy Of A Phishing Scam

[credit provider=”Rocky X via Flickr” url=”http://www.flickr.com/photos/rockyx/4131102854/sizes/z/in/photostream/”] You’ve got to hand it to scam artists. They often succeed in spite of themselves.If I had a nickel for every time I retrieved a message from my inbox warning me that my PayPal account has been limited, or that my credit card has […]
The Embarrassing Anatomy Of A Phishing Scam
Markets

European Credit Cards Are Nowhere Near As Theft-Proof As Everyone Thought

[credit provider=”University of Cambridge” url=”http://www.cl.cam.ac.uk/~rja14/Papers/unattack.pdf”] With identity theft fast becoming one of the most common crimes in the U.S., major lenders and banks are pushing to adopt the same EMV anti-fraud technology that’s been used widely overseas over the last decade. Unlike the typical magnetic strip cards we’re used to in […]
European Credit Cards Are Nowhere Near As Theft-Proof As Everyone Thought
Markets

Discover Is Refunding $200 Million To Credit Card Customers

[credit provider=”flickr/[email protected]″ url=”http://www.flickr.com/photos/[email protected]/5015343129/”] A federal investigation spelled bad news for consumers and Discover alike when it determined the bank had duped people into signing up for payment protection plans and other add-ons they didn’t need.The Consumer Financial Protection Bureau and Federal Deposit Insurance Corp. have ordered Discover to cough up […]
Discover Is Refunding $200 Million To Credit Card Customers
Markets

Americans Better Get Ready To Ditch The Old Magnetic Credit Card Strip

[credit provider=”Uwe Herman via flickr” url=”http://www.flickr.com/photos/uwehermann/5434171135/sizes/z/in/photostream/”] Bank of America is the latest big bank to wave goodbye to traditional magnetic strip credit cards, reports to Bill Hardekopf from LowCards.com.The change applies to the bank’s Merrill Lynch, BankAmericard Travel Rewards, BankAmericard Privileges, and Virgin Atlantic Travel credit cards will all begin to […]
Americans Better Get Ready To Ditch The Old Magnetic Credit Card Strip
Markets

Pearl Jam’s Financial Advisor Allegedly Stole $380K From The Band

[credit provider=”Flickr / vazzz” url=”http://www.flickr.com/photos/vazzz/561761420/in/photostream/”] Pearl Jam is in the news again, this time for choosing a lousy financial advisor. According to Seattle Time’s Sara Jean Green, the grunge group’s former chief financial officer, Rickey Goodrich, allegedly bilked $380,000 from the band between October 2007 and June 2010. 
Pearl Jam’s Financial Advisor Allegedly Stole $380K From The Band
Markets

You Don’t Have To Foot The Bill For Credit Card Fraud

[credit provider=”Flickr / CarbonNYC” url=”http://www.flickr.com/photos/carbonnyc/57280140/sizes/o/in/photostream/”] When it comes to shopping around for a credit card, companies know exactly where to lay the bait: It’s all about putting sexy offers like low (or no) interest rates and cash-back rewards upfront and centre.There’s no denying those perks are one of the many […]
You Don’t Have To Foot The Bill For Credit Card Fraud
Markets

How Worried Should You Be About Hackers Who Can Swipe Credit Card Data Through Your Clothes?

[credit provider=”Professor Bop on flickr” url=”http://www.flickr.com/photos/professorbop/1395131748/”] At a recent conference, hacker-turned-consultant Kristen Paget showed how easy it is to read a credit card’s data through clothes and wallets.Using a $50 reader purchased on eBay, Paget quickly captured an RFID-enabled, or contactless credit card’s number, expiration date and CVV code, according […]
How Worried Should You Be About Hackers Who Can Swipe Credit Card Data Through Your Clothes?
Markets

Here’s Why You Shouldn’t Ditch Your Credit Cards For Mobile Phone Payments Just Yet

[credit provider=”By Marco Arment on Flickr” url=”http://www.flickr.com/photos/marcoarment/1956292424/sizes/z/in/photostream/”] Increasingly, consumers are beginning to trust mobile payment options over run-of-the-mill credit and debit card transactions, but new research shows you might be putting your faith in the wrong hands.Javelin Strategy & Research’s 2011 Consumer Payment Poll found that consumers believe paying for purchases by […]
Here’s Why You Shouldn’t Ditch Your Credit Cards For Mobile Phone Payments Just Yet
Markets

47% Of The World’s Credit Card Fraud Occurs In The USA

[credit provider=”www.flickr.com” url=”http://www.flickr.com/photos/sarah_j_hearts_you/4662141822/sizes/l/in/photostream/”] A new paper in The Nilson report dubbed the U.S. the world’s credit fraud leader, with 47% of the world’s debit and credit fraud occurring on our shores.This is despite the fact that America only generates 27% of the world’s “total volume of purchases and cash,” according […]
47% Of The World’s Credit Card Fraud Occurs In The USA
Markets

BEWARE: Credit Card Fraud Will Pound Your Score

[credit provider=”By trawin on Flickr” url=”http://www.flickr.com/photos/trawin/3275241472/sizes/z/in/photostream/”] Always be on the lookout for credit card fraud because if it happens to you, it could really hammer your credit score.Good thieves usually apply for a bunch of other credit cards and loan applications under your name. Each hard inquiry—i.e., pulling your report […]
BEWARE: Credit Card Fraud Will Pound Your Score
Markets

6 Ways To Protect Against Identity Theft

[credit provider=”Wikicommons”] Data breaches and identity theft are becoming more common and widespread. This month 111 suspects were indicted in New York’s Operation Swiper to take down a $13 million identity theft ring — possibly the biggest in U.S. history — that used a network of skimmers posing as restaurant […]
6 Ways To Protect Against Identity Theft
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