Breach Round Up

Report: Target Breach “Sophisticated”
January 17, 2014

The as-yet-unknown assailants behind the Target breach demonstrated a high level of sophistication in their attack. This is the conclusion of federal investigators who say that the evidence suggests foreign influence, as part of the malware code was written in Russian, the Wall Street Journal...

Banks, Retailers Debate Data Breach Costs
January 13, 2014

Data breaches at top U.S. retailers have revived a debate over who is responsible for the financial burden of cyberattacks on sensitive consumer information. The Wall Street Journal reported on Jan. 12 that the question of who should pay to reissue cards, reinforce security measures...

The Target Industry Aftershock
January 05, 2014

“And the wild things roared their terrible roars and gnashed their terrible teeth and rolled their terrible eyes and showed their terrible claws,” ― Maurice Sendak, Where the Wild Things Are.  The Target data breach is old news to most people by now, but the...

Target Meets State Prosecutors Amid Lawsuits, Denies PINs Were Comprised
January 05, 2014

Embattled retailer Target sent its general counsel Timothy Baer to speak with state prosecutors on December 23 to address concerns about the recent data breach that affected more than 40 million Target cardholders, Reuters reported. Attorneys general from Connecticut, Massachusetts and New York have reportedly...

Breach Round Up
Does The Target Breach Mean Death Bells For Mag-Stripes?
January 05, 2014

Target confirmed a massive data breach on Thursday that rocked the payments world at the busiest time of the year in commerce. Initial estimates suggest the breach compromised the names, credit card numbers, debit card numbers, expiration dates and CVVs of more than 40 million...

Target Black Friday Breach Compromises 40M Cardholders
January 05, 2014

Target has officially acknowledged reports that 40 million shoppers may have been impacted by a severe data breach that occurred from November 27 to December 15, a December 19 press released indicated. “We take this matter very seriously and are working with law enforcement to...

The Target Industry Aftershock
December 29, 2013

“And the wild things roared their terrible roars and gnashed their terrible teeth and rolled their terrible eyes and showed their terrible claws,” ― Maurice Sendak, Where the Wild Things Are.  The Target data breach is old news to most people by now, but the...

Decoupled Debit Lauded For Security In Wake Of Target Breach
December 27, 2013

In the wake of the Target data breach, many experts were wondering whether decoupled debit cards would lose consumer trust and fall out of favor with merchants due to their vulnerability to fraud. However, a new report from American Banker suggests Target’s decoupled debit cards...

Target Meets State Prosecutors Amid Lawsuits, Denies PINs Were Comprised
December 26, 2013

Embattled retailer Target sent its general counsel Timothy Baer to speak with state prosecutors on December 23 to address concerns about the recent data breach that affected more than 40 million Target cardholders, Reuters reported. Attorneys general from Connecticut, Massachusetts and New York have reportedly...