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

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 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

Your Child’s ID is a Big Target for Identity Thieves

Child identity theft can be a bigger problem than other forms of identity theft because it can go unnoticed for years. A recent Carnegie Mellon study found that 10.2% of children under the age of 18 had someone else using their Social … Continue reading 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

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

Expiration Dates Dropped on Some Store Credit Cards

Some private-label credit cards, like those issued by Macy's, may be dropping their expiration dates in the coming years. Expiration dates on bank-issued credit cards are used for several reasons. Some issuers take this as an opportunity to review a … Continue reading

Simsbury Bank Credit Cardholders Target of Phishing Scam

A bank will never ask customers for their private information over the phone. That is one rule of thumb to help consumers guard against thieves trying to steal their financial assets. But thieves still try to use this ploy. A … 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

This Credit Card May Be Safer Than Chip and PIN

Paul Berger, a professor of electrical and computer engineering at Ohio State University, is working on a credit card design that may slow down identity theft. His creation of a hardware encrypted credit card is said to be extremely secure, … Continue reading

MasterCard Working on Credit Card Security Tied to Smartphones

MasterCard is teaming up with mobile technology company Syniverse to provide heightened credit card security through smartphones. The group is working on a program that will only allow credit cards to work when they are in close proximity to the … Continue reading Weekly Credit Card Update–February 28, 2014

Financial, Retail Industries Keep Cybersecurity Mistakes and Punishments Secret Even as cyberthreats grow in frequency and sophistication, the system for ensuring payment card security in the United States remains a closely guarded arrangement among the credit card networks who set … 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

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

Consumers Can Mask Credit Card Numbers with New App

A new app on the market known as Do Not Track Me allows cardholders to mask their credit card numbers when paying at the checkout counter. Doing so may effectively limit identity theft by blocking important information about an account. The … Continue reading

Credit Card Thief Tries to Eat the Evidence

A hotel receptionist in Manchester, England was recently convicted of selling his customers' credit card information after a police officer found him trying to eat the evidence. The officer noticed the man and thought he was trying to swallow drugs. … Continue reading

Prepaid Debit Cards Not Just for Unbanked Consumers

Prepaid debit cards are most often associated with unbanked consumers who use the cards to receive direct deposits or store their money securely. A surprising new study from Pew Charitable Trusts indicates that may not be the case anymore. According … 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

Target and Neiman Marcus Breaches Are Only the Beginning

After word spread about the Target credit card breach, most of us hoped the hack was some type of fluke. We weren't expecting another large retailer like Neiman Marcus to announce they had been hacked. Now, the Department of Homeland … Continue reading

Hackers Steal Card Data from Neiman Marcus Customers

Target is not the only retailer that suffered cyber security attacks over the holidays. On Saturday, Neiman Marcus reported that hackers have accessed the debit and credit card information of an undisclosed number of customers and made unauthorized purchases. The … Continue reading 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

Target Breach Much Worse Than Reported

The news keeps getting worse for Target. Already the victim of one of the largest data breaches in history, the company disclosed this morning that certain personal information was compromised on up to 70 million shoppers during November and December. … Continue reading

Special Benefits of a Prepaid Card

Just about anyone can get a prepaid card, but many people believe they are only used as a gift or by people who cannot quality for a credit card. You may not realize some of the special benefits that prepaid … Continue reading

Change Your PIN after Data Breach

The PIN on your debit card is your personal identification number. It is essentially a password to your account that only you should know. If you feel the personal information on your debit card account has been stolen or compromised, … 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

Wichcraft Sandwich Shop Finally Reveals Credit Card Hack

The sandwich shop "wichcraft" announced last week that a credit card breach occurred in its stores during the August to October time period--and no one knew anything about it. Wichcraft has several locations throughout the country, but the ones that were … Continue reading

Datacard Group Brings Chip and PIN to America

Chip and PIN technology is used to provide credit card security in European countries. It is one of the main reasons identity theft is much lower than it is in America where the magnetic strip is used on credit cards. … Continue reading

Green Dot Prepaid Card Scams on the Rise

Green Dot prepaid cards have become a new target for scammers, who are tricking customers into sharing information about these cards on the phone or online. Green Dot MoneyPak cardholders are issued a PIN just like normal debit cards, and … Continue reading Weekly Credit Card Update–January 3, 2014

Six Credit Card Trends to Watch in 2014 During and immediately after the financial crisis, credit card issuers tightened up lending standards and lowered credit limits to protect themselves. "They had given credit to too many people and approved people … 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

Top 10 Credit Card Stories of 2013

Identity theft and actions by the Consumer Financial Protection Bureau dominated the credit card headlines in 2013. Below are the Top 10 news stories of the year in the credit card industry. One of the largest data breaches in history … Continue reading

Are Credit Cards Safer than Debit Cards?

With the new year approaching, some consumers make a resolution to cut up their credit cards and use only their debit cards. While doing this will enable you to just spend the money you have, you need to consider the … Continue reading Weekly Credit Card Update–December 27, 2013

American Express To Pay $75 Million Over Credit Card Practices The Consumer Financial Protection Bureau has ordered American Express to pay more than $75 million to settle claims that it charged improper fees and misled its credit card customers over … Continue reading Weekly Credit Card Update–December 20, 2013

Target Says 40 Million Credit, Debit Cards May Have Been Compromised in Security Breach Target said Thursday that credit and debit card account information for 40 million of its customers may have been stolen during the height of the holiday … Continue reading

40 Million Card Accounts Affected by Security Breach at Target

A new data breach at almost all Target stores across the country could be one of the largest data breaches in history. The breach may have affected as many as 40 million people who used their credit or debit cards … Continue reading

Sony Credit Card Hack Follows PS4 Launch

After the successful release of the PlayStation 4, Sony was enjoying a fairly good year in 2013. The celebration quickly turned to an investigation when the company began noticing "irregular activity" on user accounts. This irregular activity has turned into … Continue reading

Data Breach May Affect 465,000 Chase Cardholders

A recent hack of JPMorgan Chase's computer services may have exposed personal information for individuals who received their tax refunds, child support and unemployment benefits on prepaid cash cards this year. Chase oversees the debit card program for several New England … Continue reading Weekly Credit Card Update–December 6, 2013

Why You Should Use A Masked Credit Card To Shop Online Whenever you buy something with a credit card online, you also have to provide your name, number and address, information seen by the processing banks as well as the … Continue reading Weekly Credit Card Update–November 1, 2013

Slithering Theater Thief Gets 16 Years in Connecticut A Philadelphia man who authorities say crawled along movie theater floors to steal credit cards from women's purses has been sentenced in federal court in Connecticut to 16 years in prison. Prosecutors … Continue reading

Thieves Steal Credit Card from Car at Church to Buy $1,100 Puppy

Two credit card thieves in Montgomery, Alabama were filmed stealing an elderly woman's credit card from a car in a church parking lot and then using it to buy an $1,100 puppy from a local pet store. In addition to the expensive … Continue reading

Consumers Still Not Protecting Their Identity

Experian's ProtectMyID released a study last week in honor of national identity theft protection week. It showed that consumers are still vulnerable to ID theft both online and offline, and most of them are not doing enough to protect themselves. … Continue reading

Phantom Banks Operate Credit Card Scam out of Mailboxes

Two ghost banks in Ft. Lauderdale, Florida have been operating credit card scams using mailboxes located at a local storage facility. The banks, working under the names of AmTrade International Bank and Freedom 1st National Bank, have sent out numerous letters … Continue reading

Avoid Getting “Tricked” for Your Money on Halloween

It's trick-or-treat time, and the Consumer Financial Protection Bureau is using Halloween to warn consumers about the tricks scammers use to steal their money. The CFPB reports that 25.6 million adults, or 10.8 percent of the U.S. adult population, were victims of financial fraud in … Continue reading

Credit Card Thieves Pose as Police on the Phone

The residents of Darien, Illinois are being hounded on the phone by credit card thieves. Their scam involves calling residents of the area and requesting credit card information while they pose as police officers. The scammers call about an "investigation" … 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

Fake Facebook Site Steals Credit Card Info

Social networking sites should not need your credit card information since they are free to use. Facebook has put a slight glitch in that system with their autofill option, allowing users to upload credit card info to fill in automatically … Continue reading

Google Chrome Leaves Credit Card Data Exposed

Google Chrome is one of the most popular web browsers, and it is growing in popularity every month. While Chrome does offer high speeds, superb resolution and smooth page transfers, it apparently has a flaw with its security. This information comes … Continue reading

Fake Sallie Mae Sites Steal Identities

Thieves try to take advantage of unsuspecting consumers every day, and the government shutdown presents them with yet another opportunity. Fraudulent Instagram accounts for the student loan giant Sallie Mae are being created, offering enticing incentives to consumers who carry student … Continue reading