In-brief: RSA said it detected evidence of a malicious software campaign that targeted employees at point of sale vendors – a possible effort to compromise the PoS supply chain.
Payments
Is Silicon Valley Underestimating IoT? | Venture Beat
In-brief: Tech visionary Tim O’Reilly says that Silicon Valley’s focused on connected gadgets may be underestimating the real, transformative potential of the Internet of Things.
FBI Seizes Dozens of Online ‘Dark Markets’
The news yesterday was that the FBI arrested a 26 year-old San Francisco man responsible for operating Silk Road 2.0 – an anonymous, online marketplace for illicit goods. The news on Friday is that Silk Road was just the tip of the iceberg. On Friday, the FBI and announced that it has seized dozens of other so-called “dark market” websites offering a range of illegal goods and services for sale on the “Tor” network. The coordinated take downs are the “largest law enforcement action to date against criminal websites operating on the ‘Tor’ network,” the FBI said in a statement. “We shut down the original Silk Road website and now we have shut down its replacement, as well as multiple other ‘dark market’ sites allegedly offering all manner of illicit goods and services, from firearms to computer hacking,” said Manhattan U.S. Attorney Preet Bharara The take-downs were part of a coordinated law enforcement action […]
Obama Uses Executive Order To Push Chip and Pin
Add data security to the long list of issues on which U.S. President Barack Obama has resorted to unilateral action in order to push the government forward on a crucial matter. On Friday, President Obama signed an Executive Order directing the government to require the use of so-called “chip and PIN” technology for any newly issued or existing government debit and credit cards. The Order was intended to make the federal government “lead by example in securing transactions and sensitive data,” the White House said in a statement. The new BuySecure Initiative will provide consumers with more tools to secure their financial future by assisting victims of identity theft, improving the Government’s payment security as a customer and a provider, and accelerating the transition to stronger security technologies and the development of next-generation payment security tools. The Order launches a new initiative dubbed “BuySecure” intended to “drive the market towards more secure payment systems” […]
Report: Hacked Password Behind Compromise of 75m JPMorgan Accounts
The top news this week is about Wall Street giant JP Morgan Chase, which disclosed on Thursday that a previously disclosed breach was much larger than initially believed, affecting more than 75 million account holders. And once again, reports suggest that a compromised employee account may be at the root of the incident. Bloomberg, which first broke the news of the cyber attack on JPMorgan Chase in August, said on Friday that hackers exploited an employee’s access to a development server as part of an attack on a JPMorgan Chase & Co. server that led to one of the largest cyber-attacks ever and the theft of data on 76 million households and 7 million small businesses. According to the Bloomberg report, which cited “people familiar with the bank’s review,” the breach started in June when an employee’s user name and password for what’s described as “a web-development server” were compromised. From that […]
