December 26 2025

Flaw in New Secure Card Chip Technology Could Let Hackers Steal Up to $1 Million Per Card

According to researchers in the UK, the card system developed by Visa for use in the U.S. doesn’t recognize foreign currency transactions and can be tricked into approving such transactions for up to $999,999.99. In addition, the contactless technology could allow a thief carrying a card reader designed to read a card that’s stored in a wallet or purse to conduct fraudulent transactions without the victim ever removing their card. [11/4/14]

Risk Watch Plus Webinar 8: Complaint Management

Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

What is the AffirmX Platform?

Video What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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