Feel like Yahoo’s data breach headlines are everywhere? Not sure if you’re reading about the same breach from a month ago or a different one? Does it seem like another popular children’s toy has been hacked? It’s not just you – what you’re experiencing is probably data breach déjà vu: the same types of data breaches happening not just once, but often several times. Fraudsters are constantly finding new ways to game the system but aren’t afraid to exploit weaknesses repeatedly if they’re offering them solid returns. Here’s a look at some of the recent breaches that have made headlines again (and again).Read More
By, Don Bush, VP of Marketing, Kount
Here we go again. When I first wrote our blog on the “Breach Bingo: The Five Stages of Breach Denial” over two years ago, even I didn’t expect to be so right and the breach disclosure news to be so horrific. In fact, if you listen closely, I think you can hear the Yahoo! guy’s voice shift from yahoooooo to yahughhhhhh.
Following Yahoo!’s disclosure in September (two years after the fact) that not only had 500 million accounts been compromised, but that the severity of the breach was also worse than they first believed (Stage 4 of the breach disclosure process), news broke yesterday that another one billion user accounts had been compromised in August 2013, making it the largest such breach in history. I think it’s safe to conclude, again, that your data is not secure and that online merchants should be taking extraordinary measures to protect themselves.Read More
How would you feel if your best friend had known for two years that your significant other was cheating on you and never told you? Mad? Angry? Betrayed? Vulnerable? In today’s world, this feeling can be akin to a company knowing that its users’ most personal data, like credit card information or passwords, have been readily available to hackers on the web for not just hours or days, but YEARS – and you’re just finding out about it now.
Unfortunately, that’s exactly what happened with Yahoo. In 2014, hackers breached the personal data of over 500 million users who are just now learning the extent of the company’s “infidelity.” What’s more, recent data breaches combined with increasing use of new mobile payment solutions make it easier for thieves to obtain and use stolen data, leaving merchants and consumers extremely vulnerable to fraud.
But Yahoo isn’t the only “bad boy” of the bunch; hacks at LinkedIn and Myspace were recently announced to the public years after they actually occurred. When it comes to announcing a breach to the public, does “once a cheater, always a cheater” ring true?Read More
A new report from Adobe shows that sales this holiday season are expected to reach $83 billion, an 18 percent increase from last year, while purchases via mobile device are forecasted to exceed half of all sales during this time period. As expected, mobile is continuing to dominate, yet many retailers still aren’t prepared to handle the influx of sales and the fraud issues that come along with card-not-present (CNP) transactions conducted online or via mobile, leading to problems that are nastier than the Grinch on Christmas Eve.Read More
This month has seen an influx of news around data breaches from well-known brands. From cellular providers to hotels, it’s clear that no company is safe from attacks by hackers. Read on to get the details of the latest string of incidents, along with tips on how companies can best avoid becoming a victim.
T-Mobile: Earlier this month, it was announced that hackers broke into Experian’s servers, exposing the personal information of 15 million U.S. T-Mobile customers who had received a credit check while applying for cell phone service over the last two years. The breach left customers’ names, addresses, birthdays and Social Security numbers vulnerable, and has led to a call for the credit agency to reveal more details of the hack and how they plan to stop future incidents. Both companies are offering two years of credit monitoring services and identity theft recovery services for free to consumers who are worried about the security of their information.Read More