UPS Data Breach at 51 of its 4,400 Stores May Have Compromised 105,000 Customer Transactions Notice that we said 105,000 customer transactions and not 105,000 customers? Well, that’s because while UPS knew the number of transactions, it had no idea how many customers were involved. The reason for that was the company didn’t have all cardholder data, a hassle for UPS customers who have been forced to check the UPS Store Inc.’s website to see if they shopped at an “infected” outlet. Stolen was information…

The Time for E-Retailers to Put Together a Strong Security Strategy with Shared Customer Intelligence Is Now. ThreatMetrix Can Help. National Retail Federation figures put total 2013 holiday retail sales – which includes November and December – at $601.8 billion, an increase of 3.8 percent over 2012. With sales only expected to increase this year, retail and most especially e-retail will be a tempting target for cybercriminals. “Holiday shopping keeps coming earlier and earlier each year, with many e-retailers beginning to run holiday sales even…

The Internet of Things Brings Huge Promise and Monster-Size Security Headaches Proponents of the Internet of Things talk about its great promise. Kenneth Corbin, in his piece (link to article) on itworld.com writes, “Household appliances could modulate their power consumption to avoid peak load times. Sensors placed along railroad lines could relay temperature data that could help preempt track failures. The same could be done for bridges, tunnels and other pieces of the nation’s fraying infrastructure.” Corbin notes a pilot project in Maryland where 14…

Breaches and Compromised Records Have Retail Customers Heading for the Exits in Droves So far in 2014, according to security company SafeNet, there have been some 559 data breaches affecting 375 million records. SafeNet’s Breach Level Index second quarter report says from April to June 237 breaches resulted in over 175 million records compromised, 83 percent of which were in the retail industry. Strong security platforms protect data In her piece on itbusinessedge.com (link to article), Sue Marquette Poremba observes, “Less than 1 percent of…

First Time That Federal Reserve Study Addresses Fraud Related to Payments According to the study, in 2012, 13.7 million fraudulent transactions involved credit cards, totaling $2.3 billion; 14.9 million involved debit or prepaid cards, totaling $1.5 billion; and 1.3 million, totaling $300 million, were fraudulent ATM withdrawals. In her piece on bankinfosecurity.com (link to article), Tracy Kitten cites industry experts as saying “the new fraud data in the study [though] based on a 2012 survey of more than 1,300 U.S. banking institutions, payments processors and…

August 20, 2014

Royal Blue Not Your Color?

Clicking on “Facebook Color Changer” App Will Leave You Purple —with Rage. Okay you don’t like Facebook’s standard royal blue. Well there’s an app called “Facebook color changer” that promises to change the color of your Facebook page from royal blue to any color you choose. Don’t click on it However, if you click on it, writes Dave Smith on businessinsider.com (link to article), you’ll end up rerouted to a malicious phishing site whose aim is infecting your computer. 10, 000 victims The scam was…

Leading Technology Magazine of Enterprise Solutions, CIOReview, Places ThreatMetrix on Its CIOReview 100 List The CIOReview 100 is a list of the “100 Most Promising Technology Companies in the U.S.” Honored are companies using powerful next-generation technologies to enable their customers to break through old performance barriers and improve business. Put together each year by a distinguished panel of CEOs, CIOs and industry analysts including CIOReview’s own editorial board, this year’s list includes ThreatMetrix, a leader in context-based security and advanced fraud prevention. “Recognition by…

By the End of 2015, U.S. Payment Cards with EMV Chips to Top 575 Million Visa and MasterCard say rollouts of the new EMV-Chip payment cards are on pace to reach 575 million by the end of next year. According to a piece by Evan Schuman (link to article), that number is “partially based on EMV shipment plans from nine key card issuers: Bank of America, Capital One, Chase, Citi, Discover, Independent Community Bankers of America (representing issuing members), Navy Federal Credit Union, US Bank and Wells Fargo & Company.”…

Europe Records All-Time Card-Fraud Losses While More Genuine User Transactions Blocked According to an article on cardnotpresent.com (link to article), overall losses to card fraud in the U.K. are the highest since 2008 and, “like many other countries that have migrated to chip-and-PIN, card-not-present fraud leads the way.” In one year, U.K. CNP losses jumped from $414 million to more than $505 million. In fact, when it came to losses from fraud, the U.K. and Russia led the way. Click this link for a European…

Breaches and Compromised Records Have Retail Customers Heading for the Exits in Droves So far in 2014, according to security company SafeNet, there have been some 559 data breaches affecting 375 million records. SafeNet’s Breach Level Index second quarter report says from April to June 237 breaches resulted in over 175 million records compromised, 83 percent of which were in the retail industry. Strong security platforms protect data In her piece on itbusinessedge.com (link to article), Sue Marquette Poremba observes, “Less than 1 percent of…

More Mobile Devices, More Online Courses, More Student Online Data Storage and More Online Testing Mean More Cybercriminals are Looking to Cash in This Fall “As students of all ages head back to school, they’ll most likely arrive with mobile devices in hand and on top of that many will receive tablets directly from school” said Alisdair Faulkner, chief products officer, ThreatMetrix. “However, increased device usage leads to an immense amount of sensitive information shared online and many students aren’t aware that online and mobile…

ThreatMetrix Latest Infographic Reveals Mobiles’ Good, Bad and Ugly Sides By the end of this year, there’ll be more smartphone subscriptions than there are people on planet earth (approximately 7 billion). And that number is going to go even higher when Apple launches their new iPhone 6 on September 9. That’s an amazing figure – especially when juxtaposed against the fact that only 4.5 billion earthlings have access to working toilets (Time.com March 2013). No wonder why there are so many smartphones. You have to…

PINs Replace Credit Card Signatures in Effort to Crack Down on Fraud Down Under From August 1, 2014 on, PINs will be the primary form of authorization for cardholders as banks and card companies attempt to slash fraud which has cost Australia some $262 million between 2010 and 2012. One million not ready In a piece on smh.com.au (link to article), Kim Arlington quotes Nicole Pedersen-McKinnon, consumer spokesperson for the payment industry’s PINwise campaign, saying, “There are 1 million consumers who are far from ready…

Russian Crime Ring Rips Off 1.2 Billion Username/Password Combos and More than Half-a-Billion Email Addresses The crime is mind boggling. It’s as if one in every seven people on the planet had been burglarized. The gang who breached 420,000 websites from obscure to household names, was discovered by Hold Security. Alex Holden, Hold Security’s founder and chief information security officer, said, “Hackers did not just target U.S. companies, they targeted any website they could get, ranging from Fortune 500 companies to very small websites. And…

ThreatMetrix Takes Silver in “Enterprise Product of the Year – Software” Representing virtually every sector of the economy, the Best in Biz Awards 2014 International recognizes success in a number of categories as judged by industry analysts and members of the press. Journalists from financial, business and trade publications as well as industry experts objectively evaluate each of the entries to choose the world’s top companies, teams, executives and products. “It’s quite a feat to not only be recognized among other major providers of cybersecurity…