Avoid Becoming a Victim of Today’s Biggest Scams

Protecting your financial data and personal information is critical, especially when massive data breaches and identity theft cases seem to occur every week. Becoming aware of the scams being used by thieves can help people avoid falling victim to these … Continue reading

Two Million Americans Were Victims of Medical Identity Theft in 2014

More than two million Americans were victims of medical identity theft in 2014, according to new information from the Medical Identity Fraud Alliance. The Fifth Annual Study on Medical Identity Theft found the number of consumers affected by medical identity theft … Continue reading

LowCards.com Weekly Credit Card Update–February 20, 2015

In Challenge to Apple Pay, Samsung Buys Mobile Payment Company Samsung is buying mobile-payment startup LoopPay as the Korean phone maker steps up to challenge Apple and its payment system on iPhones. The deal strengthens speculation that Samsung Electronics plans … Continue reading

MasterCard Commits $20 Million to Enhance Cybersecurity

Credit card companies, retailers and payment networks are all feeling the heat after a year of massive data breaches and countless cases of identity theft. MasterCard is now taking some major steps to protect their customers with a $20 million … Continue reading

Password-Free Mobile Banking Now Possible with EyePrint ID

Consumers are very concerned about security when it comes to mobile banking, and a new technology allowing users to log into their accounts with just their eyes could lessen those concerns. Mobile banking firm Digital Insight has partnered with EyeVerify … Continue reading

Consumers Warned of IRS Phone Scam

We are two months away from the April 15 tax deadline, and scammers are working overtime to steal your money by scaring you with a new phone scheme. The Internal Revenue Service says scammers are impersonating IRS representatives by gathering … Continue reading

TurboTax Resumes State E-Filings After Data Breach Investigation

Many taxpayers were faced with a rude awakening last Thursday when they went to file state taxes through the popular online platform, TurboTax. Intuit, the parent company of TurboTax, temporarily shut down filings in 18 states to investigate a possible data … Continue reading

Fraud-Fighting Credit Card “Final” Receives $1 Million in Funding

As the fight against credit card fraud continues in America, credit card startup Final has received a huge boost from investors---$1 million. Final is a credit card that enables users to generate multiple card numbers. Rather than a single, static … Continue reading

Password Managers Could Limit Identity Theft

Password managers could be an answer to the growing fear of identity theft. In general, consumers do a very poor job of creating secure passwords. Most people use a password that is a memorable word and possibly a number or … Continue reading

True Link Raises $3.4 Million to Develop Debit Card to Help Fraud Protection for the Elderly

True Link Financial has been working on a debit card solution for seniors that will help protect them against identity theft. The startup recently scored an extra $3.4 million in funding which could significantly improve the card's features. The card helps provide … Continue reading

Guard Against Identity Theft with Masked Credit Card Numbers from Blur

Worried about credit card thieves stealing your personal information? You may benefit from a credit card masking service called Blur that creates one-time card numbers for each of your transactions. The program was created by Abine, a privacy firm in … Continue reading

President Wants Laws on Student Privacy, Hacking Notification

The rash of data breaches has tested the patience of the President of the United States. Yesterday, President Barack Obama took steps to counter identity theft by calling for laws to protect the personal data of students and require notification … Continue reading

LowCards.com Weekly Credit Card Update–January 9, 2015

Why New Credit Cards May Fall Short on Fraud Control Big U.S. banks are steering clear of an advanced security measure used in credit cards around the world, opting for a system that is more convenient for shoppers but may … Continue reading

Possible Credit Card Breach at Chick-fil-A

Chick-fil-A today acknowledged it is investigating reports of unusual activity involving debit and credit cards used at some of their restaurants. Initial reports indicate this may have affected up to 9,000 customers and may be concentrated in stores located in … Continue reading

Domino’s Pizza App Used by Thieves in Credit Card Scheme

Domino's Pizza saw an unexpected spike in sales recently on their smartphone app, but it wasn't because customers suddenly got a craving for pizza. It turned out that a group of credit card thieves had been using the app to … Continue reading

Facial Recognition ATMs Could Curb ATM Theft

A credit union in Baltimore is testing a biometric ATM that could help curb ATM theft. Using facial recognition as a form of identity authentication, this ATM will ensure that only the card owner will be the one pulling money … Continue reading

Sony Data Breach Worse Than Expected

Last month's data breach at Sony continues to become more concerning. Hackers originally leaked five unreleased movies online and some employees' Social Security numbers. But now, security firm Identity Finder has found the hack that occurred on November 24 exposed over … Continue reading

Even a President’s Credit Card Can Be Declined

Even President Obama has had to face the embarrassment of getting his card declined. Last month, Obama's credit card was declined at Estela in downtown Manhattan while the President was preparing for the annual United Nations General Assembly. "It turned … Continue reading

New Visa Service Helps Gas Stations Combat Credit Card Fraud

Visa is helping gas stations fight credit card fraud through a new program known as the Visa Transaction Advisor. This system uses intelligent analytics to identify purchases that have a high risk of being fraudulent. Self-serve gas stations are known … Continue reading

LowCards.com Weekly Credit Card Update–August 15, 2014

Debt Collectors, What are Their Legal Limits? Collectors call again and again in the middle of dinner. They call the wrong person. They threaten. They take advantage of the latest technology to embarrass people. Often, they violate the law. Debt … Continue reading

Smart Credit Cards Don’t Make Up For Dumb Credit Card Readers

Chip and PIN credit cards are thought to be the solution for credit card security issues in the United States, but hacking experts have recently revealed those accounts may be more vulnerable than we think. The smart cards themselves may be … Continue reading

Lock Your Debit Card With This Smartphone App

Ever wish you could just "turn off" your debit cards when you aren't using them? Then you wouldn't have to worry about someone spending money from your account. Thanks to an app from Malauzai Software, you could lock your bank … Continue reading

5 Worst Data Breaches Of 2014

Data breaches have unfortunately become a common occurrence in today's society. It seems a newsworthy breach has taken place almost every week since the massive Target hack occurred in late 2013. A data breach can cripple a business and cause … 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

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

Will Debit Card Rewards Become a Perk of the Past? Banks are still struggling to regain their footing from the financial collapse and resulting Great Recession. As profits shrink and expenses expand, the biggest banks in America are shedding thousands … Continue reading

New York’s Data Breaches Exposed 22.8 Million Personal Records

According to a report from New York's Attorney General, 22.8 million private records of New Yorkers have been exposed due to data breaches over the last eight years. The data breaches were reported by over 3,000 businesses, nonprofit organizations and … Continue reading

Looters Steal Credit Cards, Valuables from Malaysia Airlines Victims

The crash site of Malaysia Airlines Flight 17 is now being looted by locals. According to reports, thieves have already taken credit cards, jewelry and cash from the victims. The horrific tragedy already cost the lives of 295 innocent victims. … 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

Common Ways Thieves Steal Your Identity (And How You Can Prevent Them)

If you are worried about thieves trying to steal your identity, there are a variety of steps you can take to protect your personal data and critical information. There are a plethora of different technologies you can buy to keep … Continue reading

10 Things You Probably Didn’t Know About Identity Theft

Identity theft has become one of the biggest concerns for Americans. However, it is also one of the most misunderstood subjects among consumers. We are always looking for ways to protect ourselves from fraud. Credit card fraud or identity theft … Continue reading

AT&T Develops New Program to Help Prevent Credit Card Fraud

AT&T will pilot a new service that could help credit card companies prevent fraud. The program will let the credit card company know the current location of the accountholder based on the location of his or her phone. If that … Continue reading

Who Pays For Fraudulent Credit Card Transactions?

Credit card fraud is an issue that affects a number of different parties. Credit cardholders, banks, merchants and the scammer are all involved in a process that can take weeks or even months to fully resolve. The best way to … Continue reading

Teen Steals Credit Card to Rent $12 Million Vacation Home

A 19-year-old in California was charged with credit card fraud last week after he used a stolen card to rent a $12 million vacation home for $27,000. The teen also spent $13,000 renting a 2012 McLaren sports car worth $240,000. … Continue reading

Five New York Men Charged for Large-Scale Credit Card Scheme

Five men in New York are facing trial for aggravated identity theft and conspiracy to commit access device fraud stemming from a credit card scheme that spanned from April 2013 to April 2014. The five men in question bought the … 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

BBB Warns of Text Message Credit Card Scam

The Better Business Bureau warned consumers last week of a new credit card scam spreading throughout the country via text message. The fraudulent messages tell customers that their cards have been deactivated and then prompts them to call a fake number … Continue reading

LifeLock Pulls Wallet App Due to Security Concerns

LifeLock has withdrawn its Wallet app from the market after concerns that it did not meet the Data Security Standard. The company has also deleted all user data from their system to prevent any future problems from arising. Todd Davis, CEO … Continue reading

Ten Ways To Prevent Identity Theft In 2014

There are always going to be people who try to steal your identity or credit cards. The key to protecting your critical financial and personal information is to be proactive in keeping them safe. While there are ways to limit … 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

Thief Steals Credit Card from Police Officer–And Gets Away

If you are going to steal a credit card, you may not want to take one from a law enforcement officer. But that did not stop a drunk Johnny Anthony Cervantes. According to surveillance video, Cervantes took a female officer's … 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

Card-Free ATMs Coming to Australia

Australian banks are taking a new spin on ATM technology by offering ATMs that do not require a debit or credit card. Within the coming months, cardholders across the continent will be able to pull money out of an ATM simply … Continue reading

Turn “Off” Your Credit Cards to Prevent Fraud

Don't you wish you were able to turn off your credit cards when you don't need them so that no one else could use them? And then back on when you were ready to make a purchase? With OnDot CardControl, … Continue reading

Netflix Scam Threatens Credit Card Accounts

Identity thieves seem to get trickier by the day, and most recently, they have made targets out of Netflix users. Many users have compromised their credit card accounts by giving the hackers access to their computers. In the new scam, … 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

Negligent Healthcare Practices Put Your Identity at Risk

A new study indicates an astounding 43 percent of identity theft cases in 2013 were the result of medical identity theft. This occurs when criminals gain access to your medical files and use information to open accounts and make purchases. The … Continue reading