The Durango Police Department is warning residents about a large-scale debit- and credit-card fraud that occurred last month and earlier this month at Mama’s Boy Italian Ristorante.
All credit and debit cards used at the restaurant between early August and mid-October were sent to a computer hacker, said Joe Farmer, investigator with the Durango Police Department.
“All of these cards are at risk of being duplicated,” he said.
The computer system at the restaurant, 2659 Main Ave., was hacked in...

By the AllClear ID team
Vanessa here, with AllClear ID. “Smart Cards,” credit cards embedded with RFID chips, are getting more attention as more banks issue them to their customers.
What is RFID – and why is it in my credit card? An RFID (radio-frequency identification) credit card has a radio frequency microprocessor inside it that contains your card information. When you check out at the register, you wave your smart card within a few inches of an RFID-enabled terminal. The terminal reads your d...

Out of her frustration by inaction of the banks the mother from New South Wales filed a lawsuit before the Supreme Court against Commonwealth Bank, Australia New Zealand Bank, Westpac and National Australia Bank, the Sydney Morning Herald reports.
The scheme started in 2007 when her son, then 14, sold expensive items such as laptops, mobile phones and watches on eBay without delivering the merchandise. The scam earned for the teen over $6,000 a day, which gave him enough money to live the high...

Embedded Infoglide identity and link analysis technology will help users of FICO’s market-leading fraud management solutions stop emerging fraud schemes faster
MINNEAPOLIS — October 25, 2011 — FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced it is enhancing its risk management and fraud detection applications by incorporating Infoglide’s market-leading Identity Resolution Engine® (IRE) software. Infoglide IRE will serve as the identity resolu...

Computerworld - In a rare instance of a court siding with consumers in a data breach lawsuit, a federal appeals court has cleared the way for a class-action lawsuit to proceed against grocery chain Hannaford Bros. over a 2007 data breach that exposed millions of customers' credit and debit card numbers.
The U.S. Court of Appeals for the First Circuit last week ruled that consumers who took proactive steps to protect themselves against fraud and identity theft in the wake of the breach may seek...

In yet another crackdown on bank card fraudsters, the Bank Fraud Wing of the Central Crime Branch (CCB) has busted a gang on Sunday who cloned freshly issued credit cards of Chennai customers in connivance with two courier personnel.
Police arrested Balaji (32), Vignesh (20) and Sridhar (30) and seized the air blower gun, a skimmer device and a laptop containing information on credit card details of 64 persons in Chennai, sources added.
The culprits used an air blower gun to open envelopes...