A recent series of malware attacks on U.S.-based merchants suggest thieves are exploiting weaknesses in how certain financial institutions have implemented the technology in chip-based credit and debit cards to sidestep key security features and effectively create usable, counterfeit cards. Brian Krebs reports via Krebs on Security: Traditional payment cards encode cardholder account data in plain text on a magnetic stripe,…
Tag: payment cards
South African Bank To Replace 12 Million Cards After Employees Stole Master Key
Postbank, the banking division of South Africa’s Post Office, has lost more than $3.2 million from fraudulent transactions and will now have to replace more than 12 million cards for its customers after employees printed and then stole its master key. ZDNet reports: The Sunday Times of South Africa, the local news outlet that broke the story, said the incident took…
Wawa Breach May Have Compromised More Than 30 Million Payment Cards
An anonymous reader quotes a report from Krebs on Security: In late December 2019, fuel and convenience store chain Wawa said a nine-month-long breach of its payment card processing systems may have led to the theft of card data from customers who visited any of its 850 locations nationwide. Now, fraud experts say the first batch of card data stolen from…
Wawa Announces Data Breach Potentially Affecting More Than 850 Stores
Wawa, a convenience store and gas station chain, notified customers Thursday of a data breach (Warning: source may be paywalled; alternative source) that collected debit and credit card information at potentially all of its more than 850 locations along the East Coast. It is now offering free credit monitoring and identity theft protection to those affected. The New York Times reports:…
Data For 26 Million Stolen Payment Cards Leaked In Hack of Fraud Bazaar
An anonymous reader quotes a report from Ars Technica: A thriving online bazaar selling stolen payment card data has been hacked in a heist that leaked the records for more than 26 million cards, KrebsOnSecurity reported on Tuesday. The 26 million figure isn’t significant only to the legitimate consumers and businesses who own the stolen cards or the financial institutions that…
DoorDash Confirms Data Breach Affected 4.9 Million Customers, Workers, and Merchants
An anonymous reader quotes a report from TechCrunch: DoorDash has confirmed a data breach. The food delivery company said in a blog post Thursday that 4.9 million customers, delivery workers and merchants had their information stolen by hackers. The breach happened on May 4, the company said, but added that customers who joined after April 5, 2018 are not affected by…