Read More Are Mobile Payment Apps Safe?

Are Mobile Payment Apps Safe?

A recent study noted that almost half of the world’s credit card fraud takes place in the U.S., although we only account for a quarter of the global credit card volume. Many experts attribute this disparity to the fact that the U.S. has lagged behind the rest of the world in adopting EMV chip enabled […]

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Read More Discover Unveils New “Freeze It&#8480” Security Feature

Discover Unveils New “Freeze It&#8480” Security Feature

It’s no surprise that Discover keeps winning superior customer service ratings and awards. Almost every time you turn around they’re launching another practical, value-added benefit for cardholders to enjoy. Discover’s latest roll-out is a timely new security feature called Freeze It that allows cardholders to quickly lock their account to prevent fraudulent activity. In the wake […]

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Read More MasterCard and Visa Increase Security

MasterCard and Visa Increase Security

MasterCard and Visa have recently announced the coming implementation of new security protocols. The new security systems include some of the toughest and most innovative protections that aim to put an end to credit card fraud and the multitude of security breaches that have happened in recent years across the U.S. These defenses will block […]

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Read More The Future of Contactless Payment Systems

The Future of Contactless Payment Systems

Last year’s major reveals from innovative companies (like Apple and Google) introduced several products to the technological realm. Apple alone revealed four different products last year: two versions of the iPhone 6, Apple Pay and the Apple Watch. Apple Pay allows consumers to pay for purchases without having to swipe their credit cards, but simply […]

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Read More Tips for Double-Strength Account Protection

Tips for Double-Strength Account Protection

A recent report revealed the magnitude of computer security breaches at companies across the U.S. has been on the rise, and that more than 25% of businesses do not have an established computer security plan. Within the past 12 months, there have been major hacks at Target, Michael’s, Jimmy John's, and Home Depot, to name […]

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Read More What the BuySecure Initiative Means for Consumers

What the BuySecure Initiative Means for Consumers

President Obama signed a new Executive Order dubbed the “BuySecure Initiative,” which orders the federal government to lead by example in securing transactions and sensitive data. The plan is aimed at improving the federal government’s payment security protocols, and accelerating the transition to stronger security technologies and payment tools. Here’s what you need to know […]

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Read More EMV Credit Card Fraud Already Present

EMV Credit Card Fraud Already Present

Three U.S. financial institutions recently reported that they were flooded with fraudulent credit and debit card transactions. What was particularly strange was that this happened despite the fact that the charges were attributed to the newer, more innovative, and much more secure, chip-enabled cards. Although the charges showed up as coming from credit cards with […]

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Read More Protecting Credit Cards from Online Data Breaches

Protecting Credit Cards from Online Data Breaches

Last year when the first major retail chain had its credit card files breached by hackers, it made headlines. Reporters followed the story for months, and when another breached happened at a different company, it was even bigger and made more dramatic news. Recently, though, the cyberattacks are happening regularly, and therefore are no longer […]

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BoA

November 18, 2014

Read More Computers at Major Banks in the U.S. Hacked

Computers at Major Banks in the U.S. Hacked

At the risk of sounding like a broken record, I have new financial data break-ins to report. These attacks are so commonplace now that it is becoming pretty redundant. No, I am not referring to the largest data breach of a retail store in the U.S. I’m also not referring to the fact that it […]

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