Tag Archives: payment systems

Payment card data theft prolific in US

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When it comes to card security, shopping online is now much safer than shopping in-store, according to new research contained in Trustwave’s Global Security Report. While hacking attacks against sales tills (also referred to as Point of Sale, or PoS) rose by almost a third in 2016, e-commerce incidents decreased… Read more »

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Swift proposes new security plan

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Swift has said it intends to beef up its security after the recent spade of cyber attacks, including the recent hack which targeted the Bangladesh national bank. The hackers used Swift to relieve the Bangladesh bank of $81m worth of funds, on top of numerous other, smaller attacks. The new… Read more »

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HSBC suffers days of online banking downtime

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HSBC, one of the world’s leading banks, struggled last week to repair its online banking system which didn’t function properly for over two days. Business accounts were performing slowly and personal banking customers were not able to log on at all. HSBC stated that it had not been subject to… Read more »

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Hotel chain loses credit card data to hackers

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Luxury hotel chain Mandarin Oriental has recently confirmed that 45 of its hotels in Europe and the US have been hit by point-of-sale malware. This has resulted in the loss of credit card data, the extent of which is not yet confirmed. A spokesperson for the chain explained, “While the… Read more »

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