It doesn't surprise me to hear that even top law enforcement officials don't bank online because they almost fell for a phisher's line of "Your bank account has been compromised, click here to reset your password..."
Prior to the Heartland Payment Systems (HPY) data breach, company executives misrepresented their "state of the art" security measures, says a new document filed in the class action suit against the payments processor.
This document lays out for the first time a sequence of events and statements made by Heartland...
Months before announcing the Heartland Payment Systems (HPY) data breach, company CEO Robert Carr told industry analysts that the Payment Card Industry Data Security Standard (PCI DSS) was an insufficient protective measure.
This is the contention of a new master complaint filed in the class action suit against...
Since the announcement of the Heartland data breach in January, the merits of the Payment Card Industry Data Security Standard (PCI DSS) have been questioned, and Bob Russo has led the defense.
In an exclusive interview, Russo, general manager of the PCI Security Standards Council, discusses:
Why end-to-end...
It's been an interesting year for the Payment Card Industry Data Security Standard.
In the middle of it all is a debate among payment card companies, banking institutions, merchants, industry groups and even congressional leaders, questioning the merit of the standard and all hinting at the same open question: What...
Trojans. Harvesters. Mules. They're the backbone of the underground fraud economy, which is "vibrant" and worth billions, according to one international researcher.
And don't be swayed into a false sense of security by the recent indictment of Albert Gonzalez, who is charged with masterminding the Heartland Payment...
Preliminary legal hearings have begun in the class action suit against Heartland Payment Systems, the U.S.-based payments processor that was breached in 2008
More than 30 financial institutions from 22 states have joined the lawsuit against Heartland, which is the largest data breach on record, with a reported 130...
Massachusetts-based retailer TJX says it has agreed to pay $525,000 to settle a putative class action suit from several banks related to the massive security breach that resulted in the theft of more than 45 million credit and debit card numbers.
Prosecutors in New York City have indicted five men from Eastern Europe in a wide-ranging credit card fraud operation that allowed the accused to gain more than $4 million from 95,000 stolen credit card numbers.
The targets are getting bigger, the fraudsters bolder, and we all have a whole lot more at stake to lose.
This is the message from Mary Monahan, Managing Partner and Research Director at Javelin Strategy & Research. In a discussion of current data breach trends, Monahan touches upon:
How breaches in 2009 are...
There have been 356 data breaches so far in 2009, according to the Identity Theft Resource Center (ITRC). And 46 of those breaches have involved financial institutions - up from 34 at this same time last year.
In reviewing these 46 incidents (see interactive map w/details of each breach), one finds goods news and...
Albert Gonzalez - the hacker accused of breaching Heartland Payment Systems - agreed Friday to plead guilty to conspiracy, wire fraud and aggravated identity theft in another high-profile case, the 2005 breach of TJX and other retailers. He will formally make his plea on Sept. 11.
The Heartland Payment Systems and Network Solutions data breaches have thrust the Payment Card Industry Data Security Standard (PCI DSS) into the spotlight, raising the question: Does PCI compliance help in the fight against fraud?
David Taylor, founder of PCI Knowledge Base, recently administered new research on...
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