By Stas Alforov Background In 2015, the US financial industry began a massive migration to the EMV standard in response to overwhelming levels of payment card fraud.The inherent security of EMV technology in chip-enabled cards provides end-to-end encryption during card-present transactions, and effectively prevents payment card counterfeiting. EMV rollout was poised to disturb the market […]
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Key Judgements On March 28, 2018, a JokerStash hacking syndicate announced the release for sale of over five million stolen credit and debit cards In cooperation with several financial organizations, we have confirmed with a high degree of confidence that the compromised records were stolen from customers of Saks Fifth Avenue and Lord & Taylor […]
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Background Ever since the early 2000s cyber criminals have known that almost any type of private data not only has a price on the dark web, but also, willing buyers. Since then hackers have used a standard modus operandi, and have been stealing such data by infecting and maintaining control of millions of compromised computers, […]
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Bottom Line Upfront: On September 07, 2017, Equifax announced that an unauthorized party may have accessed the highly sensitive data of more than 143 million of its US consumers, as well as that of a certain number of Canadian and UK residents. On October 03, 2017, Yahoo revealed that the data of all of its […]
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