LowCards.com Weekly Credit Card Update–March 28, 2014

Why So Many Retail Stores Get Hacked for Credit Card Data When a big retailer gets hacked, it's often quick to note that it has complied with cybersecurity rules set by the credit card industry. MasterCard, Visa and other card … Continue reading

LowCards.com Weekly Credit Card Update–March 21, 2014

Consumers Not Powerless in Face of Credit Card Fraud Most card companies already have custom alerts and other features that not enough consumers use. Then there's something that all cards should have but most don't--an on/off switch accessible from a … Continue reading

LowCards.com Weekly Credit Card Update–March 14, 2014

How Target Blew It Poring over computer logs, Target found FireEye's alerts from November 30 and more from December 2, when hackers installed yet another version of the malware. Not only should those alarms have been impossible to miss, they … Continue reading

Credit Card Fraud Investigation Turns into Pot Bust

The investigation of a counterfeit credit card operation in New Jersey quickly turned into a major pot bust. Police officers in Egg Harbor Township began tracking the case in January when a couple was suspected of placing a number of … Continue reading

LowCards.com Weekly Credit Card Update–March 7, 2014

Another Day, Another Retailer in a Massive Credit Card Breach The corporate hacks keep coming. The latest target, according to cybersecurity blogger Brian Krebs, is the beauty supply chain Sally Beauty, a retailer that draws customers from salons and other … Continue reading

Marijuana Scent Leads Police to Credit Card Thieves

Police officers in Murfreesboro, Tennessee were undergoing a fairly common investigation as they followed the scent of marijuana coming from a Select Inn motel room. But what they found in the motel room was a little bit more than they … Continue reading

PayPal President Victim of Credit Card Skimming

PayPal President David Marcus recently tweeted that his credit card information was stolen during a trip to the U.K. The card was supposedly "skimmed" at the hotel where he was staying, and then used to make an array of purchases … Continue reading

Windows Forces ATMs to Upgrade to New Operating System

Most ATMs in America run off Windows XP, which is a 12-year-old operating system rarely seen on computers these days. Windows is now forcing ATM owners to upgrade to Windows 7 because the company will no longer support the XP … Continue reading

LowCards.com Weekly Credit Card Update–February 7, 2014

Hotel Company Investigates Data Breach, Card Fraud White Lodging Services, a hospitality company that manages 168 hotels in 21 states--under franchises from Hilton, Marriott, Sheraton, and Westin—is investigating reports that it suffered a data breach that lasted from March 2013 … Continue reading

Hotel Company Suffers Data Breach on Credit and Debit Cards

The wave of data breaches causing widespread concern among consumers has now spread to the hotel industry. A hotel franchise management company that manages 168 hotels in 21 states has apparently suffered a data breach that exposed hundreds of guests’ … Continue reading

LowCards.com Weekly Credit Card Update–January 31, 2014

Were You Charged $9.84? It Might Be Fraud Be on the lookout for a recent $9.84 charge on your debit or credit card. It might be part of a massive, worldwide scam. Thieves are using stolen payment cards to make … Continue reading

Another Credit Card Scam Rocks Consumers

Yet another credit card scam is taking place, this one where consumers have an unauthorized $9.84 charge appear on their account. The business name on the fraudulent transaction is as an odd-looking website, such as CEWcs.com or EEETsac.com. The website … Continue reading

Australia to Phase out Credit Card Signature Verification

Australia is making an effort to cut down on credit card fraud by phasing out signature verifications. Instead of signing for purchases on credit cards, all buyers will have to enter a personal identification number (PIN) to verify their identities. … Continue reading

Card Study Shows Bank of America Tops in Security

Bank of America earned the title of Best in Class for Security in Javelin Strategy and Research's 9th Annual Credit Card Issuers' Identity Score Card. This is the seventh year in a row that the banking giant has earned this … Continue reading

LowCards.com Weekly Credit Card Update–January 24, 2014

Hackers Took Sneaky Path Into Target Customers' Wallets It was, in essence, a cybercriminal's dream. For months, an amorphous group of Eastern European hackers had been poking around the networks of major U.S. retailers, searching for loose portals that would … Continue reading

When Your Credit Card is Stolen

What happens to your credit card once it is stolen? If it is someone physically stealing your wallet or purse, the thief may take your card down the street and immediately go on a shopping spree before you even know … Continue reading

Top 10 Signs of Identity Theft

Recent security breaches at Target, Skype and Snapchat show that identity theft has become a major problem in our society. Unfortunately, personal information, email, credit cards and bank accounts are not as private and protected as we think. It is … Continue reading

How Banks Are Responding to Massive Target Breach

The security breach that took place in Target stores during the peak holiday shopping season hurt more than the giant retailer. It created substantial headaches for the banks and issuers behind the 40 million accounts with additional costs of fraud … Continue reading

Wife of Seattle Mariners’ Outfielder Allegedly Charged $180,000 on Teammate’s Debit Card

Credit and debit card fraud can hit even the rich and famous. The wife of a part-time Seattle Mariners outfielder allegedly used the debit card of his star teammate's wife to charge almost $180,000 from the online store of Saks Fifth Avenue. … Continue reading

Aluminum Foil Used in Credit Card Fraud

Of all the ways we use aluminum foil, you'd never expect someone to turn it into a tool for credit card fraud. Nevertheless, some criminals in Kansas City have discovered that covering satellites with aluminum foil can help them spend … Continue reading

Workers Spend $29 Billion on Government Credit Cards a Year

Reports from the IRS reveal that government employees spend over $29 billion on federal credit cards every year. This is actually a decline from the nearly $31 billion in 2011, but they still reveal a shocking amount of money flowing … Continue reading

Stolen European Cards More Valuable on Black Market than U.S. Cards

Two weeks ago, a federal indictment charged five gang members with stealing more than 160 million credit card numbers from around the world during the past seven years, resulting in hundreds of millions of dollars in losses. The four Russian … Continue reading

LowCards.com Weekly Credit Card Update–July 31, 2013

Why Stolen European Credit Cards Cost Five Times as Much as U.S. Ones European hackers accused of selling stolen data only collected about $10 for each stolen American credit card number, according to an indictment from federal prosecutors. But European cards … Continue reading

LowCards.com Weekly Credit Card Update–July 26, 2013

New Ruling on Credit Card Regulations Could Mean Big Changes at the Cash Register in Canada A ruling expected this week on a complaint against Visa and MasterCard could significantly change how consumers use credit cards in Canada. Striking down the … Continue reading

Leader of $200 Million Credit Card Fraud Ring Pleads Guilty

The leader of a $200 million credit card fraud ring that was busted earlier this year has now plead guilty to his actions. This case is one of the largest instances of fraud ever prosecuted by the Department of Justice, … Continue reading

Rakuten.com Users Report Credit Card Fraud

Rakuten.com, formerly Buy.com, is a well-known Asian retail site with thousands of daily users. A site with this kind of retail traffic is a prime target for hackers. According to news reports, there have been eight confirmed cases of credit … Continue reading

Protecting Against Credit Card Fraud

Credit card fraud has unfortunately become an every day occurrence, not just in this country but around the world. A 2012 global study by ACI Worldwide and Aite Group shows that one in four respondents have been a victim of … Continue reading

Cramming: A New Type of Credit Card Fraud

Ever notice $10 to $50 missing from your available credit balance without a clue as to why? If so, you may be a victim of "cramming," a new type of credit card fraud. Cramming involves the use of unauthorized small … Continue reading

The Movement Toward Chip-Based Credit Cards

Educational initiatives on the U.S. transition to secure chip-based credit card payment systems was one of the top priorities for 2013 to come out of the 6th annual Smart Card Alliance Payments Summit, held recently in Salt Lake City, Utah. … Continue reading

Authorities Bust Worldwide Credit Card Ring that Stole $200 Million

The U.S. Justice Department announced charges against 18 people who bilked financial institutions out of at least $200 million in an international credit card fraud scheme. This would be one of the biggest credit card scams ever broken up by … Continue reading

LowCards.com Weekly Credit Card Update October 26

Credit Card Settlement Could Stymie PayPal's Retail Plans A provision within the hotly-contested settlement between merchants and credit card networks could potentially slow PayPal's bid to become more widely accepted at grocery stores, restaurants and other retailers. Retailers that choose to … Continue reading

Protecting Credit Cards and Bank Accounts from Hackers

Data breaches and credit card fraud are becoming common occurrences. Yesterday's revelation that hackers stole credit card information from 63 Barnes & Noble stores is just the latest reminder. Credit card fraud is not just isolated to the United States. … Continue reading