Sears' Kmart Loses Customer Card Information in Data Breach
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....
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The way that you pay with your credit card will start to change starting October of 2015. EuroPay, Mastercard, and VISA (EMV) are pushing a new standard in the United States, one that has already been adopted outside of the states for some time. Swipe-and-sign transactions, which rely on a magnetic strip, will be replaced by a microchip. The microchip is superior to the magnetic strip because the magnetic stripe contains unchanging information that can be used to execute additional transactions; in contrast, if the microchip's transaction information were "swiped," the data is not viable....
Carphone Warehouse, a UK-based mobile phone retailer, was recently the victim of a cyber-attack that may have resulted in over 2.4 million of their customers having their information accessed. The company reassured that a “vast majority” of customers were unaffected by the attack; however, the cyber-attack and subsequent breach has caused some concern....
CoinCut, a bitcoin vendor based in the UK, recently suffered a security breach that exposed customer information. Visitors on the company's website could view customer data that included images of passports, IDs, and credit cards. Since then the site has been offline while the company works with authorities to investigate the matter. "We're trying to figure out how that particular directory was made visible to the world - and how the problem leaked out so promptly given that we're a moderately small bitcoin vendor in the grand scheme of things," explained CoinCut representative Dax Chan.....
A UK bitcoin vendor may have suffered a security breach, temporarily exposing customer data to the public. Visitors to the website for CoinCut, based in London, were able to access directories that included images of passports, credit and debit cards and personal IDs. The site was taken offline, and it is unclear how long the information was publicly available. CoinCut representative Dax Chan said that the team is "treating this as malicious", adding that further investigation is taking place at this time. He explained: "We're trying to figure out how that particular directory was made....
A recent breach of customer data at a UAE-based bank, which resulted in a Bitcoin ransom, represents a formidable hack that has exposed customer data. Some say it could be the largest in UAE history. Sharjah bank suffered the hack on November 18. The hacker then held the sensitive customer data ransom, leaking the information on social media since the initial breach. The hacker went by the moniker Hacker Buba and claims he won’t stop until bank staff pays him an undisclosed amount of bitcoins. Twitter suspended Hacker Buba’s account, but the following day he had a new account and uploaded....