I’ve been quite for a couple of weeks but it doesn’t mean that I haven’t been watching what’s going on in the world of credit card fraud. Here is a summary.
There’s still more on the Heartland breach; the number of banks that have reported in has almost doubled since my last report. It’s now at 594 banks affected. The confirmed replaced card count is now 1,063,000. Out of the 594 banks reporting, only 30% (180) have given actual numbers. That would put the total count at around 4 million cards, assuming the same spread of accounts per bank but it’s pretty hard to get a good estimate. Most of the reporting banks appear to be smaller banks and credit unions reporting between 15 cards and 75,000 cards. The only exception is First National Bank of Omaha who reported 400,000. And the big guys like Wells Fargo, Wachovia, Chase and the rest haven’t checked in – at least not according to Bank Info Security who seems to have the most accurate list at the moment.
There is other stuff going on in the credit card world too. I’ll be posting more later so if you’re interested, subscribe to the blog’s feed. Now would be a good time to do it. Here’s what you’ll be reading about in the next few days…
~~ Heartland has been dropped from Visa’s list of PCI compliant processors and placed on probation. We’ll take a look at that.
~~ Card Not Present fraud in the UK continues to skyrocket thanks to the proliferation of Chip and Pin in the Card Present world. It’s the UK, so why does it affect US merchants and the rest of the world? I’ll post more on that later.
~~ For every 10 people that are reading this, 2 have experienced credit or debit card fraud on their accounts. According to the Identity Theft Resource Center, data breaches increased by 47% in 2008, but that doesn’t mesh with the latest CyberSource Fraud Report. I’m looking into the reasons why and will post my thoughts here.
Never a dull moment in the world of credit card fraud.
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