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Hacking into payment systems

July 3, 2023 Comments are Disabled

Tim Yunusov is a computer scientist and security researcher with a special interest in banking and payment systems. He’s also written a series of articles on hacking for New Money […]

A phone grabber could drain your bank account in minutes

May 4, 2023 Comments are Disabled

Some frauds and scams aimed at emptying your bank account are ringing alarm bells. But what about the ones that aren’t? Authorised push payment fraud (APPF) – where the victim […]

Adding crypto to payment cards is playing with fire

January 9, 2023 Comments are Disabled

Payment cards linked to cryptocurrencies are booming. But adding a volatile, fraud-ridden new technology (crypto) to a rickety old one (card payment networks) risks all kinds of new problems. By […]

Buy now pay less or…not at all

September 28, 2022 Comments are Disabled

How criminals can profit from shared liability BNPL (Buy Now Pay Later) is a type of short-term financing allowing consumers to make purchases and pay at a later date (often […]

No Photoshop required

August 15, 2022 Comments are Disabled

How to create a debit card using stolen ID details Tim Yunusov, our intrepid hacking correspondent, shows how easy it is to circumvent technology firms’ ID checks–and to spend money […]

Fake IDs blow hole in Russia sanctions

March 8, 2022 Comments are Disabled

Amidst the escalating war in Ukraine, Western countries are seeking to step up sanctions against Russia-linked entities. But sanctions can only be enforced if the dividing line between permitted and […]

Crypto payment cards may be unsafe—but not in the way you think

August 9, 2021 Comments are Disabled

Payment cards linked to cryptocurrencies are booming. But they combine a new technology (crypto) and an old one (card payment networks). In this guest post, payments security researcher Timur Yunusov […]

Gates wide open to contactless fraud

December 4, 2019 0 comments

Contactless payments using cards and mobile devices now drive a significant share of global commerce. But security flaws in contactless technology are leaving the doors wide open to fraudsters, claim […]