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Posts Tagged ‘tesco’

Add credit card fraud to the list of things that distributed processing can speed up. An e-commerce site will typically block a credit card number after 10 or 20 failed attempts to enter the corresponding expiry date and CVV (card verification value), making life difficult for fraudsters who don’t have a full set of credentials. […]

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Forensic investigation into the Tesco Bank hack this weekend will only be in its initial stages. Until we get the results, everything is conjecture. Nevertheless there are some things worth considering. Tesco Bank is not one of the Big Banks. It may well have been targeted for that reason, with the cyber criminals assuming – […]

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The banking arm of U.K. supermarket chain Tesco has suspended online payments for its 136,000 checking account customers following a spate of fraudulent transactions. The bank suspended its payment service for all checking account customers after 40,000 experienced suspicious transactions, bank CEO Benny Higgins told BBC Radio 4 on Monday. Read More

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