Bitcoin Users Avoid Home Depot Data Breach
In a quickly developing story, it appears that Home Depot has suffered a data breach that dwarfs the one suffered by Target last year. Early this morning, credit card information collected from what seems to be 2,400+ Home Depot stores around the world, was sold online by Eastern European hackers. The stolen information was sold on the underground store Rescator, which leads to suspicious that the same group of Russian and Ukrainian hackers that have previously infiltrated Target, Sally Beauty, and P. F. Chang's. The group is likely different from W0rm, a separate Russian hacker group. The....
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Sears' Kmart has experienced a data breach that has affected potentially 1200 stores nationwide. The mainstream media often paints the fledgling Bitcoin industry as a hotbed of companies that lack the proper regulatory oversight to protect consumers and users from hacks. However, many of the hacks occurring in the world right now, particularly those that rely on exploiting pull payment systems, can be avoided with the use of Bitcoin technology. In a statement released on the 9th, Kmart revealed the extent of the breach. "According to the security experts Kmart has been working with, the....
MCX (Merchant Customer Exchange), the retailer-backed company that gives customers mobile payment and reward capabilities has already been hacked. The data breach of MCX's platform, CurrentC, lead to the theft of email addresses, however, the CurrentC mobile application was not affected. Over the past 36 hours, MCX has learned that unauthorized third parties obtained email addresses of some of the CurrentC Pilot program members and other members that had used the app. Also read: Bitcoin Users Avoid Home Depot Data Breach. Unauthorized Third Parties Obtained the E-mail addresses of Some....
A study performed by Skrill last Wednesday revealed that online shoppers will abandon a purchase for a multitude of reasons, most of which Bitcoin payments solve. The study showed one in every four consumers will quit their purchase altogether if the retailer doesn't offer their preferred method of payment. Of 2000 people surveyed, 38 percent told the online payment processor that they would leave their cart incomplete if they are forced to create an account through the site. 32 percent said if the website is asking for too much information, consumers also will not complete their purchase....
Airbitz, a mobile wallet that includes a location-based directory of companies that accept bitcoin, has officially announced a partnership with Fold, which will allow users to purchase Starbucks and Target gift cards at a discount directly inside the wallet. Fold, which was launched in 2013, allowed users to purchase Starbucks cards at a 20 percent discount using bitcoin. While only Starbucks and Target are currently supported, Fold is looking to integrate Whole Foods, CVS, and Home Depot, according to a recent interview with Fold Founder Matt Luongo. "We've also been looking at Walmart,....
Cryptocurrency ATM operator Bitcoin Depot has launched 355 new teller machines across the United States. The announcement comes as the number of ATM locations supporting crypto-fiat exchange now exceeds 19,000 globally. US Company Bitcoin Depot Expands ATM Coverage in 40 States Bitcoin Depot, which runs a growing network of crypto teller machines in the U.S., has added 355 new kiosks only in the past month. In March, it announced the launch of 115. Its ATMs allow registered users with a wallet to acquire cryptocurrency. For amounts of less than $250, providing a phone number will be enough....