February 2006

You know breaches are reaching the public consciousness when spammers use them to make money. I got this in email yesterday, along with a URL that I don’t feel like linking. Banks would do really well to send less email with the words “click here,” and more saying “visit our site using a bookmark.” Good…

Read More Subject: Attention! Several VISA Credit Card bases have been LOST!

Via news.com.au: BANK statements, including customers’ private details, were left on the side of a busy Sydney road after the documents fell off the back of a truck. The confidential account information and credit card statements of thousands of Commonwealth Bank customers were left lying on the Hume Highway at Warwick Farm, in Sydney’s south-west,…

Read More "It fell off the truck. No, really."

As reported in The Australian, a group of co-ordinated criminals stole over 40 millions pounds in cash from a processing center. They did so, by the expedient process of dressing up as police officers and kidnapping the wife and child of one of the center’s managers. They then were escorted on site where they subdued…

Read More 40 Million Pounds Sterling Stolen from British Bank

In the largest known compromise of financial data to date, CardSystems Solutions, Inc. and its successor, Solidus Networks, Inc., doing business as Pay By Touch Solutions, have agreed to settle Federal Trade Commission charges that CardSystems’ failure to take appropriate security measures to protect the sensitive information of tens of millions of consumers was an…

Read More In The Future, Everyone Will be Audited for 20 Years (CardSystems Analysis)