LowCards.com Weekly Credit Card Update–August 22, 2014

Visa Wants to Make it Even Harder for Thieves to Buy Gas with Your Credit Card Gas stations are among the easiest places for crooks to use stolen credit cards. Pumps are usually unattended, so all the thieves have to … Continue reading

UPS Reveals Data Breach in 51 Stores

United Parcel Service reported yesterday that a data breach may have occurred in 51 of their UPS Stores, possibly leading to the theft of customer debit and credit card information. Malicious software that was not identified by current anti-virus software … Continue reading

Hospital Data Breach Affects 4.5 Million Patients

No company or industry appears to be safe from cyber attacks. Not even hospitals. Yesterday, Community Health Systems said information on 4.5 million patients was stolen in a cyber attack that may have originated in China. The data breach may have impacted anyone … Continue reading

Credit Card Breach Hits Major Supermarket Chains

Last Friday, some of the country's most popular supermarkets, including Albertson's, Jewel-Osco and SuperValu, reported they experienced data breaches over the summer. Hackers have apparently broken into the debit and credit card payment networks of the stores under the AB … Continue reading

P.F. Chang’s Data Breach Spans 33 Restaurants in 16 States

The security breach at P.F. Chang's China Bistro first reported in June may have affected customers at 33 restaurants located in 16 states. The intruder may have stolen some data from certain credit and debit cards that were used during an eight-month period … Continue reading

Will You Trust Facebook’s New “Buy” Button?

Facebook's ad revenue soared by 67% in the second quarter of 2014 and the social media giant is now trying to further capitalize on that growth by adding a new "buy button" to its ads. This will gives its users a … Continue reading

Goodwill Investigating Possible Credit Card Data Breach

Goodwill Industries announced it is investigating a possible data breach in its thrift stores. The company is working closely with authorities to see if any credit card information was leaked during the potential security issue. Several banking institutions have been … Continue reading

PayPal Is Keeping eBay Afloat

PayPal, the online payment processor owned by eBay, may be the big thing keeping the parent company afloat. eBay has seen a steady decline in its revenue, especially after a data breach discovered in May of this year. According to their … Continue reading

LowCards.com Weekly Credit Card Update–July 18, 2014

Credit Card Fees are Killing Small Businesses There is no real competition in the market for credit and debit card swipe fees. Because Visa and MasterCard control 80% of the card market, they are able to dictate terms. The system … Continue reading

LowCards Exclusive Study: Identity Theft Concerns Shifting Shopping Habits of Americans

Identity theft has become a major concern for the American consumer and is now having a significant impact on their shopping habits. These are the findings of an exclusive survey conducted on over 400 random individuals by LowCards.com.   Nearly 46% of … Continue reading

Debit Card Usage Increasing Despite Recent Data Breaches

The 2014 Debit Issuer Study from PULSE showed a consistent growth in consumer and business debit card use in 2013, despite the data breaches that have taken place in the past year. 14% of all debit cards were exposed in … Continue reading

Flaw Found in PayPal’s Authentication Process

PayPal is one of the most trusted online payment processors, but a flaw was recently discovered in its two-factor authentication process. PayPal asserts that no account information was revealed during the breach, and they are now aware of vulnerability in … Continue reading

PF Chang’s Brings Back Credit Card Imprinters after Breach

In lieu of a recent data breach, PF Chang's is resurrecting its old credit card imprinters to collect card payments from its customers. Chances are you haven't seen one of these mechanical  imprinters in years, if at all. The merchant places a … Continue reading

What Is Chip And Pin Credit Card Technology?

The credit card breaches at major retailers such as Target, Michaels and Neiman Marcus have rocked consumer confidence regarding their financial information. That is why credit card companies are rapidly investing in new technology to make their products more secure. … Continue reading

PF Chang’s Investigates Possible Card Breach

Another well-known company has been the possible victim of a debit and credit card breach. PF Chang’s China Bistro, which operates restaurants throughout the country, reported Tuesday that they are investigating a card breach that may have occurred from March … Continue reading

New Sam’s Club Credit Card to Feature Chip for Increased Security

Sam's Club is set to become the first major retailer in the United States to offer a credit card that will feature EMV chip technology, making it much safer than the magnetic strips found in most cards. The new card … Continue reading

Important Things To Do After Your Credit Card Number Is Stolen

Have you had your credit card stolen? Are you worried that someone might be using your identity to make purchases? This can be an intensely frustrating situation, but the first thing that you should do is stay calm. This will … Continue reading

MasterCard Extends Zero Liability Policy at the ATM

MasterCard issued a zero liability policy for ATM transactions shortly after the Target card breach last year. Now, the company has decided to extend that policy through the month of October. The current policy protects cardholders when they use their … Continue reading

eBay Data Breach May Be Bigger Than Target’s

The recently discovered eBay hack has the potential to be even larger than last year's Target breach. If the latest reports are true, the eBay breach may have compromised more than 100 million users' account passwords. eBay suspects the hackers … Continue reading

Will the Apple iWatch be a Revolutionary New Payment System?

The Apple Worldwide Developers Conference in San Francisco begins on June 2 and everything from Apple TV to the Beats acquisition for $3.2 billion has been mentioned as possible groundbreaking announcements. One of the latest rumors has an Apple iWatch with … Continue reading

Data Breach Hits 11 Casinos

Affinity Gaming operates a number of casinos in four different states, and the company has announced another data breach that could affect many of its loyal patrons. Affinity Gaming said they have found evidence of a hack on the casino's … Continue reading

Consumer Survey Shows Growing Concern over Security of Financial Information

According to the Unisys Security Index Report, an increasing number of Americans are "very" concerned about the security of their financial information. Only 28% of Americans said they were "very" concerned in 2013, but 35% reported the same level of … Continue reading

BillGuard App Alerts Credit Card Users of Data Breaches

Want to know about a potential credit card breach before the news hits the mainstream media? A new app for Android users may allow you to do just that. It's called BillGuard, and it is designed to alert you of … Continue reading

The Move to Chip and Pin Cards Will Not Be Easy

The massive overhaul of the card industry from a magnetic stripe to chip and PIN technology will not be easy. An estimated 1.2 billion debit and credit cards will have to be reissued. In addition, approximately eight million credit card … Continue reading

WooThemes Warns Customers of Data Breach

WooThemes, a web design template provider, posted a notice on their website that warns of a potential data breach in their checkout process. Nearly 300 cases of fraud have already been reported. WooThemes does not store credit card information from … Continue reading

LowCards.com Weekly Credit Card Update–May 12, 2014

Target CEO Steps Aside After Massive Data Breach A Christmas-season cyberattack on Target's computer systems did more than expose massive amounts of customer credit card data to potential fraud. It also turned up the heat on deeper troubles that simmered … Continue reading

LowCards.com Weekly Credit Card Update–May 2, 2014

After Data Breach, Target Plans to Issue More Secure Chip-and-PIN Cards Still pushing to right itself after an enormous data breach by cybercriminals, Target announced that it would switch its debit and credit cards over to a more secure technology … Continue reading

Target Switching to Chip-and-PIN Cards after Massive Breach

In order to improve the security of its debit and credit cards, Target will begin issuing chip-and-PIN cards in early 2015. The company said yesterday that it will replace its entire REDcard portfolio, including all Target-branded debit and credit cards, … Continue reading

LowCards.com Weekly Credit Card Update–April 25, 2014

Michaels Confirms Data Breach Affecting 2.6 Million Credit Cards Three months after craft retailer Michaels announced it may have been the victim of a data breach, the company confirms the worst: nearly 2.6 million consumers' credit cards are affected. In … Continue reading

LowCards.com Weekly Credit Card Update–April 18, 2014

States Probing Massive Data Breach of Social Security Numbers In what could be one of the biggest data breaches in history, the federal government and authorities in several states are investigating the criminal sale of Social Security numbers, bank account … Continue reading

Another Massive Data Breach Under Investigation

A data breach that may have exposed the personal information of over 200 million Americans--over twice the size of the Target breach--is not getting nearly the attention of other recent data breaches. Hieu Minh Ngo, a Vietnamese national, posed as … Continue reading

Target CFO Reveals New Information about Credit Card Breach

John Mulligan, Chief Financial Officer at Target, spoke before the Senate Commerce Committee last Wednesday to answer questions about the company's massive credit card breach. In his testimony, Mulligan provided new insight into the breach and the work going into … Continue reading

Investigation Continues into Possible Credit Card Breach at California DMV

The California Department of Motor Vehicles continues to investigate a possible debit and credit card breach which may have taken place on online transactions between August 2013 and January 2014. The DMV believes that there may have been security problems … Continue reading

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

Neiman Marcus Sued after Data Breach

An Illinois woman is suing Neiman Marcus as a result of the 2013 data hack. She is seeking money on behalf of the 350,000 customers whose lives were affected by this breach. "Neiman Marcus has placed the burden on aggrieved … 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

Sally Beauty Victim of Huge Card Breach

Yet another retailer appears to have fallen victim to a large-scale card hack. This time, it is Sally Beauty Supply stores. According to security expert Brian Krebs, over 280,000 debit and credit cards have been stolen and sold on an underground … Continue reading

Possible Card Breach with Chicago Taxis

First American Bank is encouraging people in the Chicago area not to use debit or credit cards in Chicago taxicabs. The company has tracked down multiple cases of fraud involving customers who used their cards to pay their cab fare, … Continue reading

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

A Line of Defense Against the Theft of Personal Data Credit-monitoring is often backward-looking, informing you of new accounts that thieves may have already opened in your name. But a freeze prohibits the bureaus from releasing your credit reports to … Continue reading

Customer Data Stolen in Hack Attack on Kickstarter

The popular funding site Kickstarter was recently a victim of cyber hacking, where cyber criminals obtained the usernames and passwords for many of the site's account holders. Fortunately, Kickstarter's security measures ensured that no credit card data was stolen during the … Continue reading

Target May Have Ignored Security Issues Before Hack

According to the Wall Street Journal, Target may have been forewarned about security issues a full two months before the hack on 40 million debit and credit cards took place. Warnings apparently came from both government and private research firms … Continue reading

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

Target Data Breach Pits Banks Against Retailers Banks and big retailers are locked in a debate over the breach of consumer data that gripped Target during the holiday season. At issue: Which industry bears more responsibility for protecting consumers' personal … Continue reading

Identity Fraud Continues to Skyrocket

Identity theft is happening all the time--literally. A new report by Javelin Strategy & Research shows that there was a new identity fraud victim nearly every two seconds in 2013. Last year, there were an estimated 13.1 million victims of identity … 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

Possible Card Breach at Michaels

Another major retailer may have had a data breach on debit and credit cards: Michaels. Four separate financial institutions have traced hundreds of fraudulent purchases back to debit and credit cards used at Michaels. Michaels is working with law enforcement … 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

The Move to EMV Credit Cards

For years, the United States has lagged behind the rest of the world on moving to more secure EMV credit cards. Consumers have not asked for them, so credit card issuers and retailers have not made the costly switch. But the recent data thefts at … Continue reading

LowCards.com Weekly Credit Card Update–January 10, 2014

Target: Up to 70 Million More Customers Were Hit by December Data Breach Target said Friday that the massive cyber attack it suffered during the height of the holiday shopping season may have affected an additional 70 million customers and … Continue reading