Feb
08
2018
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New credit card skimmer worked in plain sight at Aldi stores

 Police in Lower Pottsgrove, Pennsylvania have spotted a group of thieves who are placing completely camouflaged skimmers on top of credit card terminals in Aldi stores. The skimmers, which the gang placed in plain sight of surveillance video cameras, look exactly like the original credit card terminals but would store debit card numbers and PINs of unsuspecting shoppers. “While Aldi… Read More

Jul
28
2017
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Gas pump card skimmer now phones home

 In an unsurprising move by credit card thieves, police have found a new credit card skimmer that sends stolen data via SMS. By tearing apart cheap phones, crooks are able to send credit card information to their location instantly without having to access the skimmer physically or rely on an open Bluetooth connection. Brian Krebs received images of the skimmer from an unnamed source. They… Read More

May
08
2017
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Dell Technologies Capital emerges from stealth, announces over 70 investments

 Most venture capital funds that have 27 exits under their belt are not in stealth. In fact, most venture capital firms today don’t even know what 27 exits looks like. But Dell Ventures, in stealth until today, has been steadily investing at a rate of about $100 million per year. The group certainly knows what the market is willing to buy. It’s seen nearly 37 percent of… Read More

May
02
2017
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Twilio stock plummets as major client Uber distances itself

 A good report on revenue wasn’t enough to keep Twilio stock from taking a dive in after-hours trading. What at first glance appeared to be a positive story very quickly divulged into a financial nightmare. Shares in the cloud communications company have fallen 27 percent in after-hours trading. Read More

Apr
21
2017
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Machine intelligence is the future of monetization for Facebook

 That was effectively the only conversation missing from Facebook’s F8 conference — an event that even made time for a progress update on a moonshot project that might one day allow us to hear through our skin. Perhaps that’s the luxury of a company whose advertising revenue is up 57 percent year-over-year. But don’t misconstrue unseen for unimportant. Behind… Read More

Dec
05
2016
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A new tool can crack a credit card number in six seconds

Credit Card Payment In what amounts to a very clever brute force attack, a group of researchers has figured out how to find credit card information – including expiration dates and CVV numbers – by querying ecommerce sites. The process, which was outlined in IEEE Security & Privacy, involves guessing and testing hundreds of permutations of expiration dates and CVV numbers on hundreds of… Read More

Apr
15
2014
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The Currency Cloud, An API-Based Money Mover, Raises Another $10M

326974467_fb7ddc6829_b With the news that Facebook has been talking to financial services startups in the UK about launching e-money services, one of the companies that powers payments for those startups has raised a round of funding. The Currency Cloud, which provides an API that end user-facing companies use for cross-currency transfers, has raised a $10 million Series B round of funding from existing… Read More

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