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What is Card Not Present Fraud, a form of Credit Card Fraud?

online payment optionsCard Not Present fraud is any transaction; online, by telephone and mail order, where the card and cardholder are not present and easily verified. This is a well known but hard to detect fraud. Online buying is part of everyday life - credit card companies can no longer simply look at spending habits alone. Face to face transactions are quickly giving way to the seemingly anonymous online, the online retailer is likely based out of the state, province or country,

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LulzSec’s Raynaldo Rivera Sentenced for Sony Data Breach

Sony Pictures LogoOn 08 August 2013 the attorney spokesman for the city of Los Angeles, Thom Mrozek confirmed that Raynaldo Rivera, a LulzSec Member, has been sentenced to 366 days in prison, 13 months of house arrest and 1,000 hours of community service in addition to $605,663 in restitution for his role in leaking the details in over 1,000,000 records of personal information from Sony Pictures. Prosecutors say "Rivera was a member of LulzSec, a hacking group committed to causing anarchy in

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What Is Application Fraud?

Tax Form Application FraudApplication fraud is a form of identity theft.Applying for new products, often credit cards, bank accounts, loans, tax rebates using somebody else’s stolen identity and costs the financial sector millions each year.In addition to the financial loss, this type of fraudulent activity can create high levels of brand damage and negative publicity, customer loss and reduced levels of satisfaction.Our recommendationsEarly behaviour profiling is a key part to combating Application Fraud.Real customers don’t apply for credit cards and loans everyday.For your company’s

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NuData Security Supports Petition Against Passwords

locked padlock[text size='1.5em'] NuData Security is proud to be supporting the Petition Against Passwords in their quest to make businesses and consumers aware of their inherent weaknesses.[/text] [text size='1.1em'] We specialize in real-time web threat detection, primarily with Fortune 50 companies - One of the largest, most devastating threats to their financials and reputation is “account takeover” where a malicious user gains access to a previously legitimate user’s account, increasingly through stolen passwords. Passwords are an Enabler to Fraud Imagine what

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Ubuntu Forums Hacked – 1.82 Million Usernames Stolen

canonical logoIn a press release on their website, Canonical Ltd announced that on 14 July there was a breach of Ubuntu’s forums leading to the theft of 1.82 million of it’s users’ details. The attacker used a method known as “cross site scripting” or “XSS” which is a string of code that executes a command, in this case, to steal cookies from a logged in user. By sending this code, disguised as a hyperlink in a message to an administrator, the

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