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Credit card fraud: what you need to know

If you are the owner of a credit or a debit card, there is a non-negligible chance that you may be subject to fraud, like millions of other people around the world. Starting in the 1980s, there has been an impressive increase in the use of credit, debit and pre-paid cards internationally. According to an October 2016 Nilson Report, in 2015 more than US$31 trillion were generated worldwide by these...[Read More]

Machine learning and big data know it wasn’t you who just swiped your credit card

You’re sitting at home minding your own business when you get a call from your credit card’s fraud detection unit asking if you’ve just made a purchase at a department store in your city. It wasn’t you who bought expensive electronics using your credit card – in fact, it’s been in your pocket all afternoon. So how did the bank know to flag this single purchase as most likely fraudulent? Credit car...[Read More]

Worried about credit card security? VCpay lets you create virtual plastic for purchases

At Stuff we’re used to all sorts of virtual things. Virtual machines, heck even virtual reality isn’t out of the realm of possibility. Virtual credit cards, though. That’s an idea we wish we’d thought up. Virtual credit cards are a thing, with South Africa-made app VCpay making such a thing possible for local shoppers and other general folk. Even if they don’t have a ...[Read More]

Kickstarter hacked, personal details stolen but “no credit card data…was accessed”

Crowd-funding platform Kickstarter announced over the weekend that they had been hacked, with a fairly large cross-section of user information being compromised. That information includes “…usernames, email addresses, mailing addresses, phone numbers, and encrypted passwords” but Kickstarter says that there were no cleartext passwords in the information that was accessed. They do...[Read More]

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