Three Indicted In Huge Identity/Data Breach 101
ScentCone and other readers let us know about an indictment just unsealed in federal court for stealing 130 million credit cards and other data useful in identity theft, or just plain money theft. The breaches were at payment processor Heartland (accounting for the bulk of the 130M), Hannaford, 7-11, and two unnamed "national retailers." Interestingly, the focus of the indictment, Albert "Segvec" Gonzalez, is currently awaiting trial for masterminding the TJX break-in, which until Heartland counted as the largest credit-card theft ever. The indictment cites SQL injection attacks as the entry vector. Two unnamed Russia-based conspirators were also indicted. Securosis has analysis of the security implications of the breach ("These appear to be preventable attacks using common security controls. It's possible some advanced techniques were used, but I doubt it") and the attackers' methodology.
Re:Hate to say it... (Score:3, Informative)
That's only relevant to the end stores that need payment processing. The rules, of course, do not apply to the big name at the top.
Re:Losing faith in the system (Score:3, Informative)
Seriously.
I mean, SQL injection? That's just disgustingly stupid and lazy.
Re:Show Me The Money (Score:3, Informative)
It does take a huge bite out. It costs a fortune for merchants, card processors, banks (and of course to the retailers they pass those costs along to) to deal with fraud. Billions and billions a year. It's a drag on the economy that makes it more expensive to be a merchant, more expensive to (however briefly) borrow money, more expensive to run law enforcement, etc.
Re:Hate to say it... (Score:2, Informative)
PCI
only relevant to the end stores ... rules do not apply to the big name at the top
Um. Ur wrong. It's relevant for everyone not Visa, MasterCard, American Express, Discover. TJX et al have way heavy PCI fines.
The 1990's called ... (Score:4, Informative)
Re:Faith is gone. We need a better way! (Score:3, Informative)
The current system sucks. We need a better system.
Here in Poland it is customary to pay for online purchases with bank transfers, and only use debit cards as a substitute for cash and at ATMs - nobody ever gives their card number to anybody. I am wondering why people bother with insecure credit cards when online banking fills most use cases of card-not-present transactions.
Re:Faith is gone. We need a better way! (Score:3, Informative)
Re:Rob Malda wishes to make an announcement (Score:2, Informative)