Research has found 25% of Australians have experienced credit card theft and of those, almost 50% had up to $300 stolen. Latest research from creditcardfinder.com.au suggests about 25% of card users had more than $1,000 stolen at any one time. Australian Payments and Clearing Association research has found that in the 2012 financial year, there were more [...]
No Comments. Continue Reading...With stories about data breaches, lawsuits, and hacking attacks fast becoming a staple in the daily news cycle, it is fascinating to see how companies are responding to cyber and privacy risks in the real world. Marsh just released a report — Benchmarking Trends: More Companies Purchasing Cyber Insurance — showing that the number of US clients [...]
No Comments. Continue Reading...Subway, the sandwich franchise, has not had a lot of luck with its point of sale computers. Shortly after two Romanian hackers were indicted for hacking into the systems, a the District Court of Massachusetts indicted another two hackers for stealing up to $40,000 from the company. Shahin Abdollahi and Jeffrey Thomas Wilkinson allegedly went to great [...]
2 Comments. Continue Reading...RBI/2012-13/424 DPSS (CO) PD No.1462/02.14.003 / 2012-13 February 28, 2013 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised Card Payment Networks Madam / Dear Sir, Security and Risk Mitigation Measures for Electronic Payment Transactions [...]
3 Comments. Continue Reading...Bank of America blamed a data breach on another company that revealed internal emails related to monitoring of hacktivist groups including Anonymous. A group affiliated with Anonymous, which calls itself the “Anonymous Intelligence Agency: Par:AnoIA” released what it claims is 14GB of data belonging to the bank and other organizations, including Thomson Reuters, Bloomberg [...]
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