David Morrison reports: A second credit union has filed a legal complaint against Target over losses it said it sustained as a result of the firm’s card data breach late last year. The $38 million First Choice Federal Credit Union, headquartered in New Castle, Pa., filed its complaint in the U.S. District Court for the Western District…
Category: Malware
Analyst sees Target data breach costs topping $1 billion
Tom Webb reports: Two months into the Target security breach, fraud is turning up on 10 percent to 15 percent of the stolen card accounts, a security specialist says. Based on that brisk level of criminal activity, one Wall Street analyst estimates that perhaps 5 million of the 40 million stolen credit and debit cards…
ChewBacca Malware Stole 49,000 Payment Card Details in 11 Countries
Mary-Ann Russon reports: Security researchers have discovered that a piece of malware named after the Star Wars character Chewbacca has been used to steal payment card and personal information 49,000 payment cards stored by 45 retailers in 11 countries. Details from the payment cards were stolen from 24 million payment card transactions over two months,…
Update: Neiman-Marcus reports breach involved two related malware insertions
In a letter dated January 25 to the New Hampshire Attorney General’s Office, retailer Neiman-Marcus disclosed some additional details concerning the breach and their attempts to address consumer concerns. As previously reported, in mid-December, Neiman-Marcus learned from its merchant processor of unauthorized payment card activity following purchases at Neiman-Marcus stores. On January 1, Neiman-Marcus learned,…
POLL: Consumers concerned, not changing habits after Target data breach
Anne D’Innocenzio of Associated Press reports: American shoppers say they are very concerned about the safety of their personal information following a massive security breach at Target, but many aren’t taking steps to ensure their data is more secure, according to a new Associated Press–GfK Poll. The poll finds a striking contradiction: Americans say they…
Target to offer Canadian customers free credit monitoring services
So it seems that the deal Target cut with Experian wasn’t available to Target’s customers in Canada. Not surprisingly, some Target customers there politely complained. Now Target has cut a deal with Equifax so that Canadian customers can also get free services. Canadian customers should go to Equifax.com and enter the code you will have…