New Security Service Enters Consumer Space
April 29, 2016
It looks like another company is entering the arena of consumer cybersecurity. An article from Life Hacker, Privacy Lets You Create “Virtual” Credit Card Numbers, Deactivate One Instantly If It’s Stolen, shares the details of Privacy. Their tool generates disposable card numbers online, which can be tied to accounts with participating banks or Visa cards, and then allows users to easily deactivate if one is stolen. The service is free to users because Privacy makes money acting as a credit card processor. The article tells us,
“Privacy just gives you the ability to create virtual “accounts” that are authorized to charge a given amount to your account. You can set that account to be single use or multi-use, and if the amount is used up, then the transaction doesn’t go through to your main account. If one of your virtual accounts gets hit with an account you don’t recognize, you’ll be able to open the account from the Privacy Chrome or Firefox extension and shut it down immediately. The Chrome extension lets you manage your account quickly, auto-fill shopping sites with your virtual account numbers, or quickly create or shut down numbers.”
We think the concept of Privacy and the existence of such a service points to the perception consumers find security measures increasingly important. However, why trust Privacy? We’re not testing this idea, but perhaps Privacy is suited for Dark Web activity.
Megan Feil, April 29, 2016
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
New Credit Card Feature Prevents Fraud
December 28, 2015
December is lauded as the most wonderful time due to that warm, fuzzy feeling and also because retail chains across the world will be operating in the black at the end of the year. Online shopping has shown record sales this year, especially since shoppers do not want to deal with crowds and limited stock. Shopping online allows them to shop from the convenience of their homes, have items delivered to their front door, and find great deals. Retail chains are not the only ones who love the holidays. Cyber criminals also enjoy this season, because people are less concerned with their persona information. Credit card and bank account numbers are tossed around without regard, creating ample game for identity theft.
While credit card companies have created more ways to protect consumers, such as the new microchip in cards, third party security companies have also created ways to protect consumers. Tender Armor is a security company with a simple and brilliant fraud prevention solution.
On the back of every credit card is a security code that is meant to protect the consumer, but it has its drawbacks. Tender Armor created a CVVPlus service that operates on the same principle as the security code, except of having the same code, it rotates on daily basis. Without the daily code, the credit card is useless. If a thief gets a hold of your personal information, Tender Armor’s CVVPlus immediately notifies you to take action. It is ingenious in its simplicity.
Tender Armor made this informative animated to explain how CVVPlus works: Tender Armor: CVVPlus.
In order to use Tender Armor, you must pay for an additional service on your credit card. With the increased risk in identity theft, it is worth the extra few bucks.
Whitney Grace, December 28, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
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