Well, readers, this is the kind of news we wish we didn’t have to report. On the heels of the weeks and months reporting the details of the too-large Target and Neiman-Marcus data hacks, comes news of what may be the internet’s biggest security glitch… ever.
Tag: payment security
Restaurant Owners Readying for EMV But Want More Card Protection
Plastic and digits are used in lieu of cash everywhere, but the food biz continues to find itself one of the most heavily “charged” industries, since everyone — whether it’s a fast food fish filet, sit-down bone-in ribeye, a morning tofu scramble, or anything else — has to eat.
The Cost of a Breach: Target Reports Profits Nearly Cut in Half
As an astute reader of this space, you have, of course, been following all the news and fallout emanating from the Target data breach, affecting upwards of 110 million customers (and of course numerous banks and credit unions who suddenly had to reissue cards, cover fraudulent charges, etc.)
2014: The Year of the Breach?
We certainly hope not. But the FBI isn’t so sure. A recent Washington Post article states that “nearly two dozen companies have been hacked in cases similar to the Target breach and more almost certainly will fall victim in the months ahead, the FBI recently warned retailers,” this “according to an official who was not authorized to speak publicly.”
Is Card Security Coming to U.S. Credit… “At Last?”
The wake of the biggest data breach in U.S. history continues with its fallout, including the news from targeted Target that the hackers originally were able to pilfer their way into the discount chain’s system by “using electronic credentials stolen from a vendor,” according to an article in the Wall Street Journal.
Claws and Roars: Target, Neiman-Marcus, and Beyond
Yes, there’s more to report on the Target Breach and its fallout. We know, as Pymnts.com columinist Karen Webster wrote, that “The Target data breach is old news to most people by now, but the ’terrible roars’ unleashed by those responsible for this breach will be heard throughout the payments industry for years to come. And, the marks left by the ‘terrible claws’ on the future of retail payments and consumer payment habits may in fact become indelible.”
The Science of Credit Card Fraud
We take a brief break from the general cheeriness of our holiday reportage. If you haven’t seen it, PBS’ “Nova” — the science reporting show — had an article on their website from one of their contributors about how his identity was hacked, and used in an attempt to run up credit card charges.
Will Convergence, and New Tech, Help Reduce Fraud?
The first appeared on the Small Business Trends website, and is a very useful, practical listing of “12 Tips for Merchants to Fight Credit Card Fraud at the Point of Sale.” Among the helpful pointers are the suggestion to actually compare signatures on the slip (or screen) versus the card — a practice which has fallen out of favor — and watching out for large sales, or seemingly distracted customers, rushing a purchase right at closing time.
Of Security and Summer Destinations
Of Security and Summer Destinations Credit Card News Synopsis We watch the credit card news so you don’t have to.…
