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Pat Carroll - ValidSoft - London | 17/05/2013 | 1889 views | 2 comments

Latest ATM Fraud: another 45 million reasons for change

Once again we have been reminded of the vulnerability of financial institutions to credit card fraud. Last week we saw the news that a large gang of thieves (a number of whom have just been arrested in New York) managed to steal an enormous $45 million from thousands of ATMs in just a matter of hours. This latest crime may have been complex in its... Tags: Cards, SecurityGroup: Disruption in Retail Banking

Pat Carroll - ValidSoft - London | 10/04/2013 | 2725 views | 1 comment

Can voice biometrics help banks restore consumer faith?

This survey from Avaya and Sabio caught my eye recently as it shows how concerned consumers are about data privacy and security. And it is an unfortunate fact that financial institutions are the ones that consumers trust less with their personal information. Essentially, the survey shows that (1) customers feel that giving a call centre operator ... Tags: Security, Mobile & onlineGroup: Disruption in Retail Banking

Pat Carroll - ValidSoft - London | 25/02/2013 | 3408 views

Is the Micro-merchant a new Threat?

Is the Micro-merchant a new Threat? Safeguarding from micro-merchants’ fraud Making a payment to a plumber, window-cleaner or nanny – otherwise known as “micro-merchants” – couldn’t be easier or more convenient, thanks to innovative companies such as Square, Spindle and iZettle which have pioneered the dongle-b... Tags: Cards, SecurityGroup: Innovation in Financial Services

Pat Carroll - ValidSoft - London | 25/01/2013 | 3044 views

Could EC3 help Europol see sense?

This month, we saw Europol’s launch of EC3, the new European Cybercrime Centre that aims to be at the heart of combating cybercrime in the EU. As I blogged back in July 2012, it’s fantastic the EU recognise cybercrime as a serious enough issue to warrant a dedicated centre. In my opinion EC3 can help protect Europeans and businesses ag... Tags: Cards, SecurityGroup: Information Security

Pat Carroll - ValidSoft - London | 20/12/2012 | 5308 views

Dexter malware, targeting Christmas shoppers

The holiday season is a prime time for fraudsters to target consumers' credit cards and it's not surprising that Dexter has come to light a week before Christmas. Dexter is yet another malware variation that targets point-of-sale purchases by skimming debit and credit cards and stealing account holders' details for subsequent fraudulent use. Dex... Tags: Cards, SecurityGroup: Information Security