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Tag Archives: theft

EMV card chips vulnerable to being hacked

Jay MacDonald

Researchers in the UK discovered an alarming vulnerability in the widely used EMV chip system developed by Europay, MasterCard and Visa. In their tests it takes less that a second for a phone to swipe over a card and have a transaction approved unbeknownst to the cards owner…
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Jesse Jackson Jr.’s demise came by credit card

Jay MacDonald

When fallen U.S. Rep. Jesse Jackson, Jr. cut short his political career, he did so with a credit card.

Jackson, the former Democratic representative from Illinois and eldest son of civil rights leader and Democratic presidential candidate Rev. Jesse Jackson, pleaded guilty in U.S. District Court Wednesday to misusing $750,000 in campaign contributions to fund a lavish lifestyle. Jackson’s wife Sandi also pleaded guilty to filing false income tax returns from 2006 to 2011, the years in which Jackson was dipping into his campaign fund.

Prosecutors have recommended a prison term of 46 to 57 months for Jackson, who is scheduled to be sentenced June 28.

"For years I lived off my campaign," a tearful Jackson told the court. And thanks to the convenience of credit cards, the living was indeed easy.

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New job, stolen wallet make for a tragic-comic summer

What a summer. Cue the blistering heat, the West Nile virus scare, the Michael Phelps Olympics and the amped-up rhetoric of election year politics. For me, this summer also included a new beginning and some hard lessons learned.

It was the Fourth of July. I decided to begin the day by making an appearance at my nearby gym. After a bout with the treadmill, I placed my valuables in a locker, locked it, took my shower and returned to the locker room 10 minutes later to find something was not … quite … right.
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Diddy gets his AmEx Black Card swiped

Jeremy Simon

Think being wealthy, successful and having a clever nickname will keep you safe from identity theft? Think again.

Diddy — formerly known as P. Diddy, formerly formerly known as Puff Daddy and legally known as Sean Combs — recently fell victim to an identity thief who stole Diddy’s American Express Black Card information, TMZ.com reports. If that wasn’t bad enough, the thief posted Diddy’s AmEx card information online this week for the entire web browsing world to see.

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Lying to protect your card account from ID theft: Why experts discourage it

Jeremy Simon

Would you lie to your bank if it meant protecting yourself from identity theft?

Although some cardholders indicate they would stretch the truth to keep themselves safe — telling the bank a credit card was lost or stolen when, in fact, that wasn’t true — lying could actually end up hurting you, experts say.

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