Data: E-Retail Hacks More Lucrative Than Ever

Credit to Author: BrianKrebs| Date: Tue, 30 Apr 2019 20:13:03 +0000

For many years and until quite recently, credit card data stolen from online merchants has been worth far less in the cybercrime underground than cards pilfered from hacked brick-and-mortar stores. But new data suggests that over the past year, the economics of supply-and-demand have helped to double the average price fetched by card-not-present data, meaning cybercrooks now have far more incentive than ever to target e-commerce stores.

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Payments Giant Verifone Investigating Breach

Credit to Author: BrianKrebs| Date: Tue, 07 Mar 2017 18:02:30 +0000

Credit and debit card payments giant Verifone [NYSE: PAY] is investigating a breach of its corporate computer networks that could impact companies running its point-of-sale solutions, according to multiple sources. Verifone says the extent of the breach was “limited” and that its payment services network was not impacted. San Jose, Calif.-based Verifone is the largest maker of credit card terminals used in the United States. It sells point-of-sale terminals and services to support the swiping and processing of credit and debit card payments at a variety of businesses, including retailers, taxis, and fuel stations. On Jan. 23, 2017, Verifone sent an “urgent” email to all company staff and contractors, telling them that they had 24 hours to change all company passwords.

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