"Why are small businesses such frequent targets? Because they offer hackers the easiest path to your financial information. In fact, security consultants say, there’s an entire underground industry built around extracting customers’ credit card numbers from retailers’ point-of-sale systems." Slate: Why it’s so easy for hackers to steal financial information from restaurants
Point-of-sale equipment vendor Veriphone issues a stern video about how smartphone payment processor Square makes it easy to skim credit card data. The internet is there to translate. [more inside]
A guy paid $5000 to a bank for a list of 4 million credit card numbers, complete with name/address of the owners. He proceeded to start making false charges to those cards totalling some $37 million. He's going to jail. My question is, what the hell was the bank thinking? Why are they selling something like that? Didn't they recognize the potential for abuse? What possible legitimate use could such a list have?
Egghead cracked by credit-card hack. Up to 3.7 million credit cards are believed to be stolen from the online retailer's servers.