Security blogger Brian Krebs, who broke the news about the massive credit card hack on Target, isn't satisfied with simply breaking the news. He's now trying to identify the hackers, and blogging about the process.
BOSTON — A cyber criminal ring targeting small retailers in 11 countries stole data on 49,000 payment cards using a malicious software known as “ChewBacca” before the operation was shut down, according to a cyber research firm.
RSA FirstWatch disclosed the attacks on Thursday on its website. It said the firm’s researchers uncovered the ring, whose victims included small companies in the United States, Russia, Canada and Australia.
BOSTON/WASHINGTON (Reuters) - Target Corp and Neiman Marcus are not the only U.S. retailers whose networks were breached over the holiday shopping season last year, according to sources familiar with attacks on other merchants that have yet to be publicly disclosed.
NEW YORK — Target Corp’s net profit almost halved in the holiday quarter as the third-largest U.S. retailer dealt with the fallout of a massive data breach and warned that costs related to the event could hurt future profits.
Target said it has not been able to estimate future expenses related to the data breach.
Wednesday marks the first time Target faces Wall Street since the breach, which led to the theft of about 40 million credit and debit card records and 70 million other records with information such as addresses and phone numbers of shoppers compromised.
Millions of people have gotten a suspicious email from Target in the last couple days informing them that their personal information may have been stolen in the recent data breach. The email offers customers a year of free credit monitoring through Experian, which includes identity theft insurance. That sounds great, except no one trusts that the email is actually from Target. Here's why:
The Competition Tribunal may have dismissed a complaint against Visa and MasterCard over card fees charged to merchants, but other conclusions in its ruling Tuesday could lay out a “road map” for retailers in the next stage of battle with the financial giants: class-action lawsuits.
The Competition Tribunal’s decision on Tuesday to throw out the case against credit card companies was a blow to the retail industry, but it’s only a matter of time before Canada goes the way of Australia, the U.S. and much of Europe by permitting merchants to directly pass on the cost of accepting credit cards to consumers.
Bottom line: Competition is coming to the credit card sector.
The Aeroplan credit card business is one of the crown jewels of Canadian banking and Toronto-Dominion Bank could have had the whole thing to itself, but chief executive Ed Clark said that at the end of the day it was smarter to split the prize with rival Canadian Imperial Bank of Commerce.
The cashless society -- a world where physical money is practically obsolete -- has, in just a few years, gone from a utopian dream to something like an inevitability. In Sweden, a national effort is underway to take the country cashless within two decades.