Article archive

Stolen TARGET Credit Cards and the Black Market: How the Digital Underground works By Ken Westin

29/12/2013 07:19
With the Target data breach, many are wondering how criminals can profit from the use of the stolen credit cards. The card holders themselves will not be responsible for any of the charges, so how is it that criminals are able to make money from stolen credit cards? I have been involved with...

Barclays fined $3.75m after record-keeping failure

29/12/2013 07:03
Barclays has been fined $3.75m (£2.28m) by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages. The shortcomings occurred between 2002 and 2012, said the Financial Industry Regulatory Authority (Finra). Finra said the bank failed to preserve data...

From online hacks to plastic fakes: The strange life of a stolen credit card - By Keith Wagstaff NBC News

28/12/2013 10:14
   Sven Hoppe / Sven Hoppe/picture-alliance/dpa/ A police officer holds a confiscated counterfeit credit card in Hamburg, Germany, in April 2013, after arresting four people suspected of counterfeiting many credit cards.   Six days before Christmas, Shaw Lash's debit card...

Insurance Questions, Lawsuits Arise in Wake of Target’s Data Breach - By Young Ha

24/12/2013 21:07
U.S. retail giant Target Corp. is busy dealing with the aftermath of the massive data breach that exposed account details of some 40 million credit and debit cards. Already, at least two lawsuits seeking class-action status have been filed against Target. And attorneys general from New...

2013: The Year of Privacy - By Omer Tene

22/12/2013 11:33
  If there ever was a “year of privacy,” surely it was 2013. A year that ends with dictionary.com selecting“privacy” as “word of the year;” with privacy making front-page headlines in The New York Times and The Washington Post—not to mention The Guardian—on a weekly,...

Target Data Breach Insurance Case Study - By Christine Marciano

20/12/2013 21:59
Target was targeted by data thieves starting on Black Friday during the most busiest holiday shopping season of the year (between Nov. 27 and Dec.15). It seems that data thieves did some shopping themselves for about 40,000,000 credit and debit cards. With 1,797 stores in the U.S. and another 124...

Target says 40 million credit, debit card accounts may be affected by data breach

19/12/2013 20:49
MINNEAPOLIS –  Target says that about 40 million credit and debit card accounts may have been affected by a data breach that occurred just as the holiday shopping season shifted into high gear. The chain said that accounts of customers who made purchases by swiping their cards at terminals in...

Cyber criminals hack into wealth managers to steal millions

17/12/2013 07:00
by Dylan Lobo on Dec 16, Tech-savvy criminals have stolen millions by hacking into wealth managers systems, according to the Financial Times. The paper, which cites research from investigations agency Kroll, says at least six wealth managers have been targeted in the past four months...

How Could a Data Breach Affect Me?

17/12/2013 06:34
It seems there's a new data breach in the news every few weeks, with personal details expose for thousands or millions of victims. Just how could such a breach affect you? By Neil J. Rubenking Let's play a game. Try to make a list of all the businesses and other entities...

Massive Cyber Bust A Score For Cyber Monday

15/12/2013 23:35
As Cyber Monday ‘scores’ go, it was a pretty big one but certainly not the kind of bargain shoppers were seeking. Law enforcement experts from around the globe shut down over 700 websites suspected of selling illegal or counterfeit goods in what’s being dubbed Project Cyber Monday...
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