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Remember all those data breaches last year?

SystemSystem Member, NoReporting Posts: 178,019 Arc User
edited March 2012 in Ten Forward
Remember those data breaches last year? The ones that hit Sony, and PS3 and SOE? Multiple times? The one that hit LOTRO? The one that hit Steam?

I blogged about it a couple of times in my blog for work. Because I felt it was just a primer for hackers going after credit card information and practice for them finding much bigger fish.

Apparently they found the bigger fish. 10 million credit cards compromised with a data breach that has Visa and MasterCard scrambling? Ouch!
Post edited by Unknown User on

Comments

  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited March 2012
    HA! Joke's on THEM! My credit card company told me that since I owed them so much that I had to cut up my credit card, and now they sent it to Collectors!! so HA! These hackers can take my card numbers any day!
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited March 2012
    HA! Joke's on THEM! My credit card company told me that since I owed them so much that I had to cut up my credit card, and now they sent it to Collectors!! so HA! These hackers can take my card numbers any day!
    ... congratulations?
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited March 2012
    How this will be fixed is all affected accounts will be suspended and new cards produced. Visa/Mastercard will take a one time write-off and they'll buy some new servers.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited March 2012
    This isn't the bigger fish. Neither Visa or Mastercard were breached, a processor was. They've been breached a lot, and this one isn't even that bad. 10 million cards, compared to 130 million in the Heartland Payment Systems breach four years ago, 45m in the TJX breach, 42m from Hanford, 40m from CardSystems Solutions, 15m from RBS.
    How this will be fixed is all affected accounts will be suspended and new cards produced. Visa/Mastercard will take a one time write-off and they'll buy some new servers.

    They won't even take the write-off, the breach wasn't in their system but in a payment processor. They'll shove it up Global Payment's bottom line and their merchant account holders will be on the hook for all the fines. Because in a number of states now, the issuing bank and merchants where the cards were used are the ones required to report the breach to consumers, NOT the company that was actually breached. The deadline in most of them still runs from when the breach occurred, and in my state it would have already passed when the breach was announced.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited March 2012
    hevach wrote: »
    This isn't the bigger fish. Neither Visa or Mastercard were breached, a processor was.

    A payment processor. Who's entire business is being a third party facilitator of ... credit card payments. The fourth largest such processor in the world. That's certainly bigger fish than Sony Online Entertainment or the Lord of the Rings Online Forums. The hack went directly after credit card information from a credit card processor.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited March 2012
    You're point? There's been over fifty such breaches in the last twelve years, dozens in the 90's and they don't even know how many in the 80's since the only ones they found out about where when the hackers were nice enough to tell them about it afterward - those being the days when internet security began and ended with, "Wait, so we're actually connected to OTHER NETWORKS?"

    This one doesn't even make it into the top five such attacks in the last five years. RBS lost 15 million unencrypted numbers, TJX, Hanford, and Cardsystems all cracked the 40 million mark, and Heartland managed to lose 130 million cards worth of raw magnetic strip reads. And that's just processors, PSN lost 12 million, Home Depot never did figure out how many they had stolen but over fifty million were reissued. Best Western, 7-11, and Citibank all cracked the 100 million marks.

    Heck, the PSN hack netted 2 million more cards than this one. No amount of talk about the type of target makes this the bigger fish.
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