Yahoo reported Wednesday a breach of more than 1 billion user accounts in August 2013. This breach is separate from one involving 500 million accounts the Web giant announced back in September. Yahoo said the new breach involved names, email addresses, birth dates, secure passwords, security questions and answers. But, did not involve payment card data or bank account information. Payment data was not stored in the system Yahoo believed was affected, it said. See full story and release from Yahoo below:
By Bob Lord, CISO
View the full article at yahoo.tumblr.com
Following a recent investigation, we’ve identified data security issues concerning certain Yahoo user accounts. We’ve taken steps to secure those user accounts and we’re working closely with law enforcement. (more…)
The deadline for businesses to transition to EMV chip and PIN technology was October 1, 2015. It has been over a year and many merchants and consumers still have questions. To help understand this confusing technology and what it all means, here are ten facts to help you with EMV requirements and your responsibilities.
A card issuer takes the breach of nationwide fast food retailer Wendy’s into its own hands. Southeastern Michigan credit union has banned all debit and credit transactions conducted at Wendy’s locations until further notice. This is the most aggressive stance we have seen to date regarding breaches and protection by a card issuer. Times are changing, so are attitudes towards credit and debit card breaches. (more…)
This is a good visual description of how credit card processing works. It shows where we, as Merchant Account Providers fit in, and where the fees and rates common in the industry come from.
Not all merchant account providers are created equal though, as you will find. We focus on eliminating as many of the costs to merchants as possible, and in most cases, can cut large margins off credit card processing bills from other account providers. (more…)
Your bank is one of the most relied upon service providers. People must have faith in the place they choose to store their finances. Recent incidents by Wells Fargo employees resulting in almost 6,000 employee terminations and hundreds of millions in fines have once again shaken public trust to the very core. Details of the employee fraud are outlined in this article by Maggie McGrath of Forbes. (more…)
Another merchant to add to the ever-growing list of security breaches surrounding POS systems. Eddie Bauer reports their POS systems were breached at the software level. They discovered malware may have affected transactions in their retail stores from Jan 2 to July 17, 2016. They have since removed the malware.
Much like this article implies, maybe it’s time to think about a better security standard than the PCI-DSS protocols.