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Category: Financial Sector

Amex cardholders’ data stolen by employee

Posted on August 13, 2009 by Dissent

A lot of sites are posting a news story with almost no details involving American Express. From what I read elsewhere about the notification, this is likely the incident that was reported here last month.

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An open letter to Heartland CEO Robert Carr

Posted on August 13, 2009 by Dissent

Rich Mogull of Securosis joins Mike Rothman in taking Heartland Payment Systems CEO Bob Carr to task for his comments that seemed to shift responsibility for the breach to the assessors who told them they were PCI-compliant: […] PCI compliance means you are compliant at a point in time, not secure for an indefinite future….

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Opinion: Heartland CEO Must Accept Responsibility

Posted on August 13, 2009 by Dissent

I just read Bill Brenner’s interview with Heartland Payment Systems’ CEO Bob Carr [Heartland CEO on Data breach: QSAs Let Us Down] and truthfully, my blood is boiling. Basically, he’s throwing his QSA under the bus for the massive data breach that happened under his watch. Basically, because the QSA didn’t find anything, therefore he…

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Heartland CEO on Data Breach: QSAs Let Us Down

Posted on August 12, 2009 by Dissent

For Heartland Payment Systems Inc. CEO Robert Carr, the year did not start off well, to say the least. In January, the Princeton, N.J.-based provider of credit and debit processing, payment and check management services was forced to acknowledge it had been the target of a data breach — in hindsight, possibly the largest to…

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BofA, Citigroup warn of security breach (updated)

Posted on August 10, 2009 by Dissent

Tim McLaughlin pf Boston Business Journal reports that Bank of America and Citigroup have issued new credit and debit cards to Massachusetts customers after security concerns. Both sent letters to customers in MA that their account numbers may have been compromised. “We have learned that account information from certain Bank of America debit cards may…

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Chinese hackers detained

Posted on August 10, 2009 by Dissent

Police in northeastern China’s border prefecture Yanbian said Friday they have detained two hackers who stole 450 million won (about 362,000 U.S. dollars) from online accounts at the Republic of Korea banks. The case involved the largest amount of money of its kind in China, said the public security bureau at a press conference in…

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