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Category: Business Sector

Twenty south Florida residents charged In wire fraud scheme involving Verizon and AT&T customer data

Posted on May 24, 2014 by Dissent

Twenty individuals have been charged with varied counts of conspiracy to commit wire fraud. And from the description provided, it sounds like bad actors at Verizon and AT&T may have been part of the scheme, although I suppose it’s possible that they could have obtained account information some other way.  According to the indictment, between…

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Experian notifies consumers of a breach. Again.

Posted on May 24, 2014 by Dissent

Once again, Experian is notifying some consumers of a breach that resulted in their credit reports being accessed by criminals. The breach occurred on May 14. In this case, the client whose login credentials were compromised and used to access Experian’s database was the Bluegrass Community Federal Credit Union in Ashland, Kentucky. Experian and law enforcement…

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TradeMotion hacked

Posted on May 23, 2014 by Dissent

Oops. It seems TradeMotion, who describe themselves as the “Preferred Automotive Dealer eCommerce & Data Services Provider”- was hacked, and customer data compromised. Now one of their clients, AutoNation, is notifying some of their online customers that hackers may have accessed their names, postal and email addresses, telephone numbers and credit card numbers between March…

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Why Investors Just Don’t Care About Data Breaches

Posted on May 23, 2014 by Dissent

Eric Chemi reports: On May 21,  EBay revealed that it had suffered a cyber attack and data security breach, and users’ information—names, account passwords, e-mail addresses, physical addresses, phone numbers, and birth dates—was exposed to hackers. While security experts, the news media, and actual EBay users may have all been alarmed, the stock investors weren’t. EBay’s stock finished…

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So how’s eBay doing on breach response so far?

Posted on May 22, 2014 by Dissent

Not well, it seems. There was no notice up on their site yesterday, and registered users did not receive e-mails warning them to change their passwords. Those who found out via media coverage rushed to the site today to try to change their passwords. The traffic was so heavy that the site couldn’t function well…

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eBay argued against stronger privacy breach penalties

Posted on May 22, 2014 by Dissent

Josh Taylor reports: As eBay hastily informs its customers of its massive privacy breach, the company told the Australian Law Reform Commission that stopping reputation damage was enough of an incentive to protect customer data, and that statutory action against privacy breaches was unnecessary. Read more on ZDNet. By the way, the numbers are all…

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