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This is not your ordinary credit card data breach. Ashley Madison, a website that promotes adultery by connecting married people looking to cheat on their spouses, was hacked by cyber criminals who are threatening to release information on the company's … Continue reading →
A new report predicts that data breaches will cost the global economy $2.1 trillion by 2019, almost four times more than this year. The research from market analytics firm Juniper Research indicates that sophisticated hacking tools will play a major … Continue reading →
An experiment from BitGlass studied how stolen credit cards and Social Security numbers make their way through the Internet after a data breach. The results revealed data travels at a remarkable speed and showed just how poor detection efforts have been … Continue reading →
President Obama is hosting a cybersecurity summit today at Stanford University, bringing together government and industry representatives to discuss ways to improve national security against cyber attacks. Discussion topics will range from public education to the development of more secure … Continue reading →
What Happens When You Swipe Your Card? This holiday shopping season, you might worry that every time you swipe your credit or debit card some criminal might be swiping your account number and with good reason. The number of reported, … Continue reading →
Kmart Says its Store Registers Were Hacked, Exposing Credit Cards For about a month, Kmart says, its stores' checkout registers were "compromised by malicious software that stole customer credit and debit card information." The company, owned by Sears, says it … Continue reading →
JP Morgan Chase, the nation's largest bank in terms of assets, has acknowledged a massive data breach that affects 76 million households and 7 million small businesses. The bank disclosed the extent of the breach in a filing yesterday with … Continue reading →
The popular funding site Kickstarter was recently a victim of cyber hacking, where cyber criminals obtained the usernames and passwords for many of the site's account holders. Fortunately, Kickstarter's security measures ensured that no credit card data was stolen during the … Continue reading →
Millions Getting New Debit, Credit Cards After Target Hack Millions of consumers are being sent new credit and debit cards in the wake of the recent security breach that hit as many as 110 million Target customers. JPMorgan Chase announced … Continue reading →
The leader of a $200 million credit card fraud ring that was busted earlier this year has now plead guilty to his actions. This case is one of the largest instances of fraud ever prosecuted by the Department of Justice, … Continue reading →
Computer security firm McAfee says it has discovered a new type of malware that aims to steal credit card data from computer systems used in retail stores. The malware, a Trojan horse variety, is being called "vSkimmer." Once installed on … Continue reading →
Prepaid Cards May Lack Protections of Checking Accounts Reloadable prepaid cards don't have to carry federal deposit insurance, as checking accounts do, says a new report from a project of the Pew Charitable Trusts. Cardholders can use them for direct … Continue reading →
The "old fashioned" ways of stealing someone's identity are still the leading causes of identity fraud. According to a study by Travelers, the offline methods of identity fraud such as stolen or lost wallets, pilfered identifications and burglaries far outweigh the … Continue reading →