How To Avoid Fraud

The Equifax Data Breach: What to Do.

MONEY & CREDIT HOMES & MORTGAGES HEALTH & FITNESS JOBS & MAKING MONEY PRIVACY, IDENTITY & ONLINE SECURITY BLOG VIDEO & MEDIA SCAM ALERTS Vea esta página en español September 8, 2017 by Seena Gressin Attorney, Division of Consumer & Business Education, FTC If you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies. Here are the facts, according to Equifax. The breach lasted from mid-May through July. The hackers [...]

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BULLETIN: SCAM ALERT!!!!!!!!!!!!!!!!!!!!!

We have been notified by several of our merchants about a great influx of deceptive solicitation calls and emails from other credit card processing companies who have become more crafty than ever.  Many processors will employ deceptive sales people because they are the ones that make the most sales due to their keen ability to manipulate victims into anything.  Please do not fall victim to their empty promises.   American Express is the main trigger for this informational bulletin as they [...]

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Is Your Business Being Hacked today?

 Important Update – Carbanak Campaign   Payment card industry sources are reporting renewed and evolving efforts by the FIN7/Carbanak hacking group to target merchants with point-of-sale (POS) malware that is being delivered via spear-phishing and social engineering campaigns. Merchants in the restaurant and hospitality industries are being the most heavily targeted. Helpful Resources The resources at the links below provide further details on the attackers’ tactics as well as hash values of the malware in question: •         https://www.fireeye.com/blog/threat-research/2017/04/fin7-phishing-lnk.html?aliId=139920832 •         https://www.trustwave.com/Resources/SpiderLabs-Blog/Carbanak-Continues-To-Evolve–Quietly-Creeping-into-Remote-Hosts/ •         https://arstechnica.com/security/2017/05/spear-phishing-is-getting-good-enough-to-hook-even-savvy-users/    

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8 Payment Security Tips for Small to Medium Sized Business

With the variety of payment options available to customers, the growth of mobile purchases, and the increased sophistication of cyber-attacks, SMBs must take extra precautions.Here are eight payment security recommendations all Small to Medium Businesses (SMBs) should follow:     Be vigilant – Keep detailed records of all sales transactions, including the date, time, contact information for the customer, and names of employees involved in the sale. Detailed notes will become invaluable if a data breach does occur. Act fast – [...]

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The Security Benefits of EMV Compliant Cards

 In 1994, Europay, MasterCard and Visa (EMV) began development of a new type of credit card to deliver higher security for both the merchant and the consumer. The companies recognized the benefits of utilizing chip technology on payment cards instead of the standard magnetic strip. Chip cards resist counterfeiting almost completely. However, they also recognized the need for international standards to facilitate global acceptance of the new security measures. Thus, the EMV standards have been developed for integrated circuit cards (IC [...]

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Warning Signs of Fraud

With Holiday shopping in full swing we have lots to look forward to. Unfortunately with the rise in sales comes a rise in Fraudulent Activity. Below are some helpful tips you can use to protect your business.  Look Out For Customers Who: * Purchase a lot of merchandise without regard to size, style, color or price * Ask no questions on major purchases * Try to distract or rush you during the sale * Make purchases, leave the store, and return to make more [...]

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Are you Playing It safe at the Point of Sale?

Here are a couple quick checks that can be done to make sure the card presented is not counterfeit:   When the Customer Presents a Visa Card: Check the card’s security features to make sure the card has not been altered. Signature Panel: Ensure that the word VISA is repeated in blue and gold across the entire signature panel at an angle. Embossing: Ensure the account # is embossed and that it begins with the number 4 as well as all the digits are [...]

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What is the CVV Code?

To start with, the CVV–or Card Verification Value– code has many other names and abbreviations, including CVV2, card security code (CSD), card verification data (CVD), and verification code (V-Code).  This code can be found on all major credit cards; on Visa, MasterCard, and Discover it is a three-digit number found on the back of the card next to the signature panel.  On American Express, it is a four-digit number found on the front of the card. These codes are a rather [...]

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Address Verification (AVS)

For merchants who key-enter transactions, it is important to remember the extra steps that need to be taken to verify the cardholder.   This can be the case for merchants who take card numbers by mail, over the phone, or even in person in the case that the magnetic stripe on a card is unreadable.  One of the steps that must be taken is address verification. When using a physical credit card machine you will select Mail/Phone Order and enter in [...]

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Spyware Targeting POS Systems

As merchants, we know you are always following procedures to keep card information safe, but now there is a new threat that everyone needs to be aware of:  spyware and malware programs specifically targeting merchant point of sale (POS) systems. There is one spyware program called “Dexter” that is designed to steal magnetic stripe data and can track data from Windows-based POS systems.  This stolen data can then be used to create counterfeit cards for fraudulent transactions.  Computerworld reports that [...]

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