This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
08/01/2019
How cyber criminals make LIMITLESS purchases from your card by cracking the £30 contactless limit
Nosy Media
Visa may perhaps be putting countless prospects at risk of online fraud.
That is according to cyber security industry experts, who say they have identified flaws which allow hackers to bypass the verification limits on the company’s contactless playing cards.
British company Beneficial Systems analyzed the tactic with five main United kingdom banks, correctly bypassing the £30 utmost commit on all playing cards, irrespective of the terminal.
They also found that this assault is probable outside the house of the Uk.
Be careful: The assault works by manipulating two information fields that are exchanged among the card and the terminal for the duration of a contactless payment.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information