Although British consumers and merchants faced numerous fraud attempts using credit cards equipped with personal identification numbers, a Canadian researcher says many of the fraudulent transactions are done over the Internet, where the cardholder is not physically present. What are the pitfalls of chip and PIN systems?
The U.K. is trailing behind other countries in its efforts to track and investigate Internet fraud, according to a new report from the Attorney General's office.
Phreakers are still at it. Plummeting long-distance phone rates and free calls via VoIP still haven't removed the economic incentives for voicemail hacking, also referred to as "phreaking" by industry insiders, to make free long-distance calls.