A clothes firm in San Francisco, in northern California on the U.S. west coast, has developed jeans capable of warding off identity theft targeting credit card information….
113 companies rated, 758 real customer reviews….
US retailing giant Target has proposed a settlement worth $10 million (about £6.7 million) in respect of a class-action lawsuit related to the massive data breach it experienced in 2013.
The data breach happened between Black Friday and Christmas that year and saw the theft of around 40 million credit and debit card accounts, as well as a further 70 million customer records containing information that included customer names, addresses, phone numbers and email addresses….
It’s mainly a U.S. issue. Much of the rest of the world has moved on to higher levels of card security….
Just when you were feeling confident about building strong passwords to protect your online life, here comes the next security challenge: safeguarding your four-digit personal identification number (PIN).
PINs can be tricky to use safely….
The findings of a Verizon report are sobering – a PriceWaterhouse Coopers survey of 9,700 companies found that they had detected nearly 43 million security incidents in 2014, a compound annual growth rate of 66 percent since 2009. In other words, companies are under attack today from cyber criminals like never before.
With the attacks coming fast and furious, the stakes involved in protecting payment data have never been higher. Cybercrime costs the U.S. economy $100 billion a year and costs the global economy $575 billion annually.
According to Verizon, 45 percent of Americans say they or a household member had been notified that their credit card data had possibly been stolen in a data breach and 69 percent of consumers said they would be less inclined to do business with a breached organization. The business community needs to up its game….
Online fraud and identity theft are huge problems. Hackers are everywhere. From the lone individual in his parent’s basement to state sponsored hackers from Russia and China, it’s only getting worse. Like it or not, online fraud and identity theft are problems most all of us will have to experience….
Some fraud prevention tips might seem like common sense: Don’t give out your social insurance number or write it on cheques, check your debit and credit card statements closely, and don’t leave mail in your mailbox overnight or on weekends. But government and business leaders are highlighting popular scams consumers should watch out for as they launch Fraud Prevention Month.
Even though there are lots of great, critical posts and news pieces about the Anthem breach, they haven’t come close enough to this truth: Anthem may be the worst breach we’ve ever seen, and it is in any event a wake-up call to our health care system, our government and every sector of our economy that has not rethought identity protection, because it will be followed by more and more similarly dangerous breaches that make the credit card breaches of the last few years look like nothing, not to mention the even more serious breaches of the critical infrastructure and the internet of things in our homes.
Let’s imagine you were a very sophisticated national government wanting to do harm to the US through cybercrime against personal information….
1. 2015 could be the year when merchants in the US revolt against the credit card companies’ policy of sticking them with both the liability for fraud and the responsibility for protecting what is essentially un-protectable: credit card numbers that have to be shared in order to be used….