How Trump Amassed His Fortune: An Insight Into American CapitalismRampant credit card fraud in the US prompted a rollout of chip-enabled credit cards in 2015, intended to stop, or at least limit the widespread hijacking of America's plastic money. In a new report, however, over 60 million credit card theft cases have been recorded in the past 12 months alone, and an astonishing 93 percent of those stolen cards were chip enabled, according to new data gathered by UK research firm Gemini Advisory. The alarming new report is a major setback for proponents of the chip-enabled credit card technology, which is known in financial and security circles as the ‘EMV' standard, named after Europay, Mastercard and Visa, the companies that developed the system and pushed for its adoption. "45.8 million […] records [were] likely compromised through card-sniffing and point-of-sale breaches … [Read more...] about Chip-Enabled Credit Card Rollout in US a Fraud-Protection Fail
Credit card data breaches
NEW YORK (AP) — For users, Facebook’s revelation of a data breach that gave attackers access to 50 million accounts raises an important question: What happens next? For the owners of the affected accounts, and of another 40 million that Facebook considered at risk, the first order of business may be a simple one: sign back into the app. Facebook logged everyone out of all 90 million accounts in order to reset digital keys the hackers had stolen — keys normally used to keep users logged in, but which could also give outsiders full control of the compromised accounts. Next up is the waiting game, as Facebook continues its investigation and users scan for notifications that their accounts were targeted by the hackers. What Facebook knows so far is that hackers got access to the 50 million accounts by exploiting three distinct bugs in Facebook’s code that allowed them to steal those digital keys, technically known as “access tokens.” The company says it … [Read more...] about What comes next in Facebook’s latest major data breach
Dixons Carphone narrowly dodged a £17 million fine for a huge data breach when hackers tried to steal millions of customers’ data, it emerged on Wednesday. The retailer last week discovered an attempt to “compromise” 5.9 million cards and 1.2 million records that held personal data which first happened in July last year. The embattled owner of Currys and PC World will be scrutinised by the Information Commissioner’s Office (ICO) and could be fined up to £500,000 for not adequately protecting the credit card records and the names, addresses or emails targeted by hackers. But because the assault happened before the new European laws kicked in on May 25, Dixons has avoided the maximum €20 million (£17.6 million) fine under the new GDPR rules. A probe will take place under the old regime and the Data Protection Act 1998. Shares fell 6% to 185.7p today. New chief executive Alex Baldock apologised for the blunder and … [Read more...] about Dixons Carphone escapes £17m penalty as it admits massive data breach
If you've eaten at Chili's restaurants within the past two months, then you might want to check your credit report and card statements. Chili's parent company Brinker International announced over the weekend that customers' payment information was exposed in a recent malware attack. Brinker did not disclose how hackers gained unauthorized access to its systems, how many customers or restaurants were targeted, or the exact dates when the personal data may have been exposed. "While the investigation is still ongoing, we believe that malware was used to gather payment card information, including credit or debit card numbers and cardholder names, from our payment-related systems for in-restaurant purchases at certain Chili's restaurants," Brinker said in a statement Saturday. Brinker said that Chili's does not collect social security numbers, dates of birth or state identification numbers full date of birth, so that data was not compromised. The Dallas-based company is the latest … [Read more...] about Chili’s says customer names and credit card numbers were exposed
PROBLEMS due to maintenance work carried out on TSB's online systems over the weekend have left many customers unable to access their accounts. Here is what happened to the bank and what to do if you have been affected by by the issue. What happened to TSB? TSB had planned to carry out maintenance work on it's online services between 4pm Friday 20 April and 6pm Sunday 22 April. The bank had warned customers that they would not have access to services like online banking, making payments and transferring money online whilst this maintenance work was going on. But, after 6pm on Sunday TSB's online services were still down and many customers are still unable to access their accounts today (Monday April 23). Some customers have had their cards declined and direct debits cancelled, others have claimed that when they opened the TSB app they saw other customer's bank details and even had access to move money from the stranger's accounts. Did TSB have a data breach? TSB has denied that there … [Read more...] about Did TSB suffer a data breach, are my online banking details safe and is the website and app still down?