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Category: Financial Sector

Huge bank card scam hits Bermuda

Posted on February 7, 2009 by Dissent

How curious…. Canadian Tire had told me that 2% of their customers’s cards had been misused as a result of the Heartland Payment Systems breach. Now another non-US entity mentions 2%. Have we gotten reports from any UK banks yet? Hundreds of debit and credit card customers in Bermuda have been dragged into one of…

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More Heartland Details Leak Out (And Some May Be Trying To Leak Back In)

Posted on February 6, 2009 by Dissent

Evan Schuman reports: Details surrounding the Heartland data breach continue to dribble out, with one respected payment systems newsletter reporting that the forensic investigators Heartland brought in were Cybertrust and Neohapsis. Heartland had tried keeping those names confidential, an effort that was succeeding prior to the Wednesday, Feb. 4 issue of The Nilson Report. That…

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Quick Poll: Many Smaller Banks Hit By Heartland Breach

Posted on February 6, 2009 by Dissent

Brian Krebs reports: In another sign that the recently disclosed data breach at credit card processing giant Heartland Payment Systems may indeed be one for the record books, a quick survey of community banks indicates that a majority of institutions have been notified that at least some of their debit or credit cards were compromised…

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Susquehanna Upgrades Heartland Payment Systems (HPY) to Neutral

Posted on February 5, 2009 by Dissent

Susquehanna analyst says, “We are upgrading HPY to Neutral from Negative, as it has achieved our price objective. Although considerable risk persists related to the credit/debit card data breach disclosed last month, we believe such penalties are contemplated in the current valuation. We consulted a range of experts, including reformed hackers, data security auditors (PCI…

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Ca: Hacked Trent server housed some personal information

Posted on February 5, 2009 by Dissent

Andrea Houston reports: Trent University is sending out alert letters to several donors and alumni after an off-site computer server containing some personal information was recently hacked. Dianne Lister, vice-president of external relations, said a power surge between Dec. 22 and Jan. 7 caused the firewall to fail, which left the server unprotected to hackers,…

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NameDrive Breached, Less Than 1% of Accounts Affected

Posted on February 4, 2009 by Dissent

E-mail addresses and passwords for a limited number of NameDrive customers were obtained and posted in a hacker forum this month. The security breach just came to light today. NameDrive has responded by instituting new security measures including password resets: We were alerted of a possible security breach affecting less than 1% of our accounts,…

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