Security | Credit Card Topics

Visa Launches a Trio of Solutions to Bring Enhanced Security and Convenience to Card Payments

By: Andrew Allen, 4/8/2025

Credit card fraud is a growing problem in the U.S. A report last month from the Federal Trade Commission reveals that consumers lost more than $12.5 billion to fraud of any type in 2024. And credit card fraud was the most widely reported type of payment fraud for the year. 2024’s overall fraud losses outpaced 2023’s by 25%. Visa, one of the most powerful payment networks in the world, is doing its part to combat fraud in 2025. In March, the company unveiled its Scam Disruption... read more »

Visa’s Commitment to Secure Transactions: The Payments Giant is Tackling Scams Head-On

By: Andrew Allen, 3/28/2025

Credit cards extend many conveniences to businesses and consumers. For starters, cards are easily transportable. Even the heaviest cards only weigh in at approximately 22 grams — or about the same as an alkaline AA battery. Credit cards are also sized to easily fit most clothing pockets and wallets. But that’s only addressing their physical attributes. Credit cards also help shoppers buy things today and pay for them later. And card rewards allow shoppers to earn discounts on... read more »

What is a Personal Identification Number? How PINs Add Security to Select Card Transactions

By: Eric Bank, 11/20/2024

In the cult TV classic “Secret Agent,” our hero lives in a world where “they’ve given you a number and taken away your name.” Now, aside from our friends and loved ones, are we all just a bunch of numbers that identify, classify, and safeguard us? Driver’s license number, Social Security number, passport number, health care number, credit card numbers, bank and brokerage account numbers... you catch my drift. But we mustn’t forget yet another set — our... read more »

Survey: 85% of Online Shoppers Check Their Card Statements More Frequently Amid Rising Fraud Concerns

By: Jon McDonald, 10/21/2024

At the click of a button, online shoppers can browse, purchase, and have items shipped straight to their door. It’s no surprise that online shopping is the preferred shopping method for many consumers due to its convenience, but with more consumers shopping online, there is an increased opportunity for scams and credit card fraud. Consumers will be ramping up their purchasing as the busy holiday shopping season approaches and more brands offer sales and deals to entice... read more »

What is an EMV Chip? A Guide to the Credit and Debit Card Security Feature

By: Zina Kumok, 9/23/2024

When I got my first card with a little embedded metallic rectangle, I thought it looked cool. But it wasn’t for show; my card got a major upgrade in the security department. An EMV chip, that little rectangle or square, is a computer chip embedded in credit cards and debit cards. The chip sends a secure, one-time code when you put it in a card reader that the retailer uses to process the transaction. An EMV chip is a small computer chip embedded into your credit card... read more »

Vaultless Tokenization Streamlines Payment Security by Putting Merchants in the Driver’s Seat

By: Mike Senecal, 9/11/2024

Merchants of all sizes face many options in today's payment processing industry. But some choices are more future-focused than others. As a payment security provider with a decades-long legacy, Bluefin helps merchants avoid processor lock-in and preserve optionality through its innovative ShieldConex Tokenization Platform. ShieldConex encrypts data for local storage to lower costs, provides fast PCI compliance, and links merchants, software providers, and payment... read more »

IdentityIQ Scam Report Highlights the Financial Impacts of AI Voice-Cloning and Phishing Scams

By: Mike Senecal, 8/21/2023

No news is good news, right? People often forget about their credit reports until they make a major purchase, like a car or home. Then they may find anomalies or signs of identity theft with probable financial fallout. AI-based phishing and voice-cloning scams are increasingly the culprit, says identity theft protection and credit report monitoring provider IdentityIQ in its 2022 Scam Report. Along with an alarming increase in payment app fraud, the report chronicles... read more »

Sudo by Anonyome Labs: Enabling Secure Digital Tools That Protect Identities and Transactions

By: Adam West, 8/17/2022

With so many everyday interactions moving online, consumers need privacy protection that works without sacrificing convenience. Solutions from Anonyome Labs protect data through limited-disclosure digital identities known as Sudos. Businesses seamlessly integrate with the Sudo Platform to protect their end users, while the MySudo app offers a suite of consumer-facing tools, including virtual cards for secure online transactions. Anonyome Labs aims to offer leading-edge... read more »

How to Get a Virtual Credit Card Number (2024)

By: Brittney Mayer, 7/16/2024

While the implementation of chipped EMV credit cards has eliminated a large portion of card-present (CP) fraud, the amount of card-not-present (CNP) — read: online — credit card fraud has steadily risen over the last few years. In an effort to combat CNP fraud, card issuers and third-party companies have developed what are called virtual credit cards. Designed for use when shopping online, virtual credit cards are randomly generated, single-use credit card numbers that can limit... read more »

The U.S. Overseas Security Advisory Council Protects American Businesses and Private Entities Operating Abroad from Emerging Threats

By: Adam West, 10/19/2020

The rise of the COVID-19 global emergency highlights the importance of international cooperation and the role of governmental organizations in protecting the public. One such organization is the U.S. Overseas Security Advisory Council (OSAC), created in 1985 to establish a mechanism for regular communication between the public and private sectors concerning developments in overseas security. Information and analysis from OSAC analysts helps more than 5,000 constituent... read more »

Darktrace: An AI Cybersecurity Platform that Serves as the Immune System for Enterprise Business Data by Fighting Off Threats

By: Matt Walker, 10/19/2020

Cyberthreats are more prevalent and advanced than ever, especially within the finance industry where trillions of dollars move around the world in complex infrastructures. Darktrace offers a whole new approach to cybersecurity with its Enterprise Immune System, which is modeled after the human immune system. Rather than expending effort on outdated perimeter security systems, Darktrace attacks threats quickly within the system with its Antigena solution. Meanwhile,... read more »

Through Its YubiKey, Yubico Provides a Hardware Solution that Maximizes Online Security and Usability while Moving Beyond Passwords

By: Matt Walker, 10/19/2020

Anybody using a computer or mobile device has created a username or password at some point. For years, this has been the standard for online security and authentication, but experts say this approach is no longer sufficient. YubiKey, from Yubico, is a multifactor authentication product that boosts authentication security while maintaining convenience for its users. The YubiKey simply plugs into a USB port or uses near-field-communication technology for supported... read more »

BlockSafe Technologies Protects Crypto Wallets, Exchanges, and Private Blockchains

By: Adam West, 11/22/2019

StrikeForce Technologies has been a player in the cybersecurity industry for nearly two decades. With the advent of blockchain technology and cryptocurrency, Founder George Waller realized these new industries suffered from security vulnerabilities that could be solved with technology his company had developed and used. The application of this technology is realized through BlockSafe Technologies, which applies high-level authentication and security approaches to crypto... read more »

Cryptomator Secures Sensitive Financial Data Using Cloud-Based, Open-Source Encryption that Works Across Platforms

By: Adam West, 10/19/2020

Cryptomator is an affordable client-side data encryption solution that keeps valuable consumer data safe. The software securely stores informationthat users control in the cloud rather than on devices. And Cryptomator is more accessible than other solutions because its desktop version is free, and it only charges a small fee for using its mobile app. And even if a hacker accesses a user’s vault, Cryptomator’s encrypted files are useless without the proper key to... read more »

HYPR Authentication Platform Eliminates Passwords to Provide the Ultimate Security for Mobile-First Financial Enterprises

By: Adam West, 10/19/2020

In a Nutshell: Large-scale security breaches are on the rise, leaving businesses vulnerable and in need of a security solution that will keep user information safe. Enter HYPR, a decentralized authentication platform that addresses the root problem of hacks — password storage. HYPR helps financial corporations such as Mastercard, secure user credentials by storing them safely on mobile devices. Providing one of the first true password-less security solutions, HYPR easily integrates... read more »

Microsoft Open-Sources Its SEAL Encryption Technology Allowing Computations on Encrypted Data

By: Matt Walker, 10/19/2020

Sensitive information is shared constantly in today’s connected world. That's why Microsoft’s homomorphic technology boosts security by enabling computations to take place on encrypted data, so it never needs to be decrypted, which opens it up to vulnerabilities. Now, Microsoft has released its easy-to-use Simple Encrypted Arithmetic Library (SEAL) for free use, and financial institutions are among the types of companies that can benefit most from this type of... read more »

Kingston Encrypted USB Drives: Hardware Data Protection for Today’s Mobile Workforce

By: Ashley Fricker, 10/19/2020

Modern technology allows more workers to do their jobs on the go, but the devices they use to store and transfer data can expose businesses to significant breaches. Kingston Technology is well aware of the dangers posed by even the smallest hardware, and its line of encrypted USB devices protects both companies and their mobile workforces. As retailers continually heighten focus on cybersecurity, they need to stay informed on how to protect all points of data access.... read more »

Stay Ahead of Fraud — RSA® Analyzes Purchase Patterns to Help Retailers Detect & Respond to Potential Threats

By: Brittney Mayer, 10/19/2020

Keeping pace with fraud is a tough challenge for retailers because cyber criminals are constantly looking for vulnerable access points to exploit. RSA works to lock cyber criminals out completely by offering businesses protection at every turn. RSA’s proprietary fraud prevention technologies use web session intelligence and behavioral analysis as a factor in determining whether a transaction may be fraudulent. By enlisting RSA, companies can also keep data and other... read more »

How StackPath’s Intelligent Machine Learning Protects Financial Institutions Against Cyberattacks

By: Mike Randall, 10/19/2020

Cybercrime and the theft of sensitive user data is on the rise, with attacks becoming larger and more frequent in recent years. The perpetrators of these attacks are increasingly well-funded, organized groups that earn millions of dollars from their criminal enterprise. With the stakes so high, it requires increasingly more sophisticated cybersecurity measures to prevent these thefts. StackPath is a platform of inherently secure edge services—including CDN, web... read more »

Blur from Privacy Company Abine Keeps Your Personal Financial Data Safe by Blocking an Average of 175,000 Online Trackers Annually

By: Ashley Fricker, 10/19/2020

Any time you visit a website, companies you’ve never heard of use embedded trackers to collect information related to your browsing and purchase history, your interests, and other personal information you input into signup boxes or search engines. Data brokers use the information to categorize consumers and sell the data to outside agencies for marketing purposes. Abine created its Blur and DeleteMe security solutions to not only block the intrusion of trackers, but to... read more »

Entrust Datacard’s Unseen Security Layers Enable Digital Banking with Near-Zero-Factor Authentication

By: Ray FitzGerald, 10/19/2020

Financial customers are regularly treated to new technology and banking features that provide speed and convenience and make maintaining an account easier than ever. But with new services comes added hoops customers must jump through to prove their identity before accessing an account. Multi-factor authentication usually requires providing passwords, answering secret questions, supplying facial and fingerprint scanning, or typing in codes sent to an email or phone... read more »

AlienVault Unified Security Management Platform Provides Threat Detection and Response to Finserv Clients to Monitor and Manage Cyberthreats

By: Adam West, 10/19/2020

In a Nutshell: An increase in sophisticated cyberattacks involving ransomware and malicious hacking is giving rise to the number of defense solutions available on the market. While businesses have many options to protect their networks, most require multiple products that work independently of each other instead of in unison. AlienVault’s Unified Security Management™ (USM) platform aims to provide essential capabilities within a single console. USM works within network, host, and... read more »

BeyondTrust’s PowerBroker Solutions Stop Privilege Abuse to Prevent Data Breaches and Protect Finserv Clients

By: Ray FitzGerald, 10/19/2020

2017 marked an all-time high number of data breaches, with 1,579 total incidents exposing more than 200 million consumer records. Nearly all of these breaches were caused by the vulnerability and exploitation of a network or stolen credentials that provided access to restricted areas. PowerBroker privileged access management solutions by BeyondTrust address nearly every vulnerability that cybercriminals look for. The solutions tackle password management, privilege... read more »

SCOTTeVEST’s Proprietary RFID Armor™ Material Adds a Hidden Functionality to Its Men’s and Women’s Clothing to Protect Your Credit Cards

By: Ray FitzGerald, 10/19/2020

In a Nutshell: Radio frequency identification or RFID skimmers that thieves use to read and store information on a credit, debit, or passport card in a matter of seconds aren't yet as prevalent in the US as they are in Europe and other countries. That didn't stop SCOTTeVEST, a manufacturer of comfortable clothing with as many as 26 hidden pockets, from adding a pocket on certain vests, jackets, and hoodies lined with a proprietary RFID Armor material that blocks the 13.56 GHz... read more »

KeePass Earns Our Editor’s Choice™ Award as the Top Password Manager for Financial Apps & Services

By: Ray FitzGerald, 10/19/2020

The average consumer has around 27 unique passwords they must remember to access important information like email, banking, brokerage, and credit card accounts. Many password vault programs exist on cloud technology that places control of your sensitive data in the hands of someone else's technology. KeePass uses the highest level of encryption security to store an unlimited number of passwords either online or offline with the use of a master password or security file.... read more »

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All articles tagged Security (37)