Phishers and spammers are 'jumping on the bandwagon' following the MasterCard security breach.
A judge has asked Visa and MasterCard to disclose details about their relationship with CardSystems Solutions, the payment processor that was the subject of a high-profile data security breach.
Two cards containing microprocessors that generate one-time passwords are being touted to Australian banks as possible replacements for tokens and passwords delivered by SMS and one is already being trialled by Visa.
Credit card giant MasterCard announced on Tuesday a new initiative aimed at fighting the growing problem of online fraud, specifically the emerging threat of phishing schemes.
In what could be the largest data security breach to date, MasterCard International on Friday said information on more than 40 million credit cards may have been stolen.
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