Offshore sites are where Australians lost most of the total losses of $A88million to fraudulent card-not-present transactions last year.
Soure: www.cartoonstock.com
And with the losses some $15million higher than last year, the news isn’t good for Australian holders of Visa, Mastercard and American Express credit and charge cards.
Even worse, are the indications that the number of transactions
Click on the title to read more Australians lose $88million to virtual card fraud last year, up $15million on 2008
Mark Goudie is the managing principal of the Asia-Pacific investigative response practice for Verizon Business. Formerly known as Cybertrust, until their recent acquisition by US telecommunications giant – Verizon, the company is widely known for its annual reports on major security breaches at the worlds largest corporations.
Mark Goudie, Verizon
They work very closely with the banks,
Click on the title to read more Analyst confirms airlines a hot target for online card fraud
They may be one of the world’s largest payment technology providers, but most Australian businesses wouldn’t have even heard of them. They’re US company – Transaction Network Services (TNS) – and next time you buy an Australian airline ticket chances are you’ll be using their technology.
“Globally, we carry over 13 billion transactions per annum” said Brad
Click on the title to read more Transaction Network Services – Australia’s biggest online payment gateway?
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