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Thread: Electronic money dangerous to your wealth

  1. #1
    God/dess VenusGoddess's Avatar
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    Default Huge CC Security Breach!!

    http://www.informationweek.com/story...ID=164900904#_

    In some ways, the information age is a blessing...and in others, it's a curse.

    I hope it gets resolved...and quickly.

    Of course, whoever stole the information most likely sold it to other criminals who will use the information...as opposed to using it themselves. Bastards.

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    Banned Madcap's Avatar
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    Default Re: Huge CC Security Breach!!

    Quote Originally Posted by VenusGoddess
    Of course, whoever stole the information most likely sold it to other criminals who will use the information...as opposed to using it themselves. Bastards.
    Well, yeah. Idiots that actually use it get caught much easier.

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    God/dess threlayer's Avatar
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    Default Electronic money dangerous to your wealth

    ...but what are we going to to without it?

    MasterCard security breached
    More than 40 million cardholders may be affected

    By Alistair Barr, MarketWatch
    Last Update: 7:49 PM ET June 17, 2005

    SAN FRANCISCO (MarketWatch) -- MasterCard International said late Friday that a security breach at a third-party payment processor has exposed more than 40 million credit card holders to potential fraud. Almost 14 million of the affected cards are MasterCard-branded. The remaining more than 26 million are other types of cards.

    MasterCard said it discovered the breach at an office of CardSystems Solutions Inc. in Tucson, Ariz. Atlanta-based CardSystems, which processes card payments for merchants, didn't return calls seeking comment.

    "These are the accounts that are potentially at risk from fraud," Sharon Gamsin, a MasterCard spokeswoman said, stressing that there's no indication that actual fraud has taken place. No addresses, names or Social Security numbers were stolen, she said.

    MasterCard has told its customer banks about specific card accounts that may have been compromised so that they can take appropriate measures to protect cardholders, the company added.

    An unauthorized individual was able to infiltrate the firm's computer network and access cardholder data. The unidentified person entered a code in CardSystems' computers to gain access to the data, which included basic information such as card and bank routing numbers and expiration dates, Gamsin said.

    ________________________________________

    This is going to be a disaster for some people, banks and the card manager companies involved. This was a hacker, not some missing case of computer tapes. If banks, or their insurance carriers, have to replace the funds, which may be eventually stolen, and the outstanding cards, they will not take it as a loss. The customer always gets it in the end.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    God/dess threlayer's Avatar
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    Default Re: Electronic money dangerous to your wealth

    An idea for you computer types to comment on...

    Some minimal voluntary industry standards, probably including high level encryption and relevant to the threats at the time, already should have been set and adhered to by these companies to prevent this intrusion.

    In my opinion only when a data record is processed, in that microsecond, should each individual data record be decrypted and updated and then re-encrypted. That only takes programming and processing time. Keeping unencrypted raw data at real-time access, or on transportable storage media, just invites troubles like this.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Featured Member Crow's Avatar
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    Default Re: Electronic money dangerous to your wealth

    This is terribly amusing, not because of the events - that in itself is just, jaw dropinging'ly horrible - but because earlier someone nearly outright accused me of fraudulent behavior. Here.

    It makes me wonder and then think about my little so called money problems and how truly trivial they really are.

    Master card, haven't they had problems before? Or am I thinking of something else... * goes off to search.*

    Miss R

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    God/dess threlayer's Avatar
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    Default Re: Huge CC Security Breach!!

    Quote Originally Posted by VenusGoddess
    Of course, whoever stole the information most likely sold it to other criminals who will use the information...as opposed to using it themselves. Bastards.
    Yes, BASTARDS. But companies with such a large amount of critical information have a HUGE responsibility to treat this information as if smart criminals were constantly trying to steal it.

    Doesn't look to me like the several companies in the news recently are taking their serious responsibilities very seriously. As a result we consumers are getting shafted severely. So not only the thieves are bastards, in my opinion.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

  7. #7
    God/dess VenusGoddess's Avatar
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    Default Re: Electronic money dangerous to your wealth

    Wow...how did my post get it's title changed on the main page???

    Anywho, yes...the problem with most big, technologically run companies is that they suffer from a widespread disease called, "head up ass"...or "better than you"...syndrome. It seems that most government agencies and corporate businesses suffer from this affliction for some reason.

    The problem is, like you said threlayer, there comes a point where they think they've outsmarted the criminals. They fail to remember that if they can find someone smart enough to build bigger/better safety measures, there will always be a criminal out there who will be able to break the "precautions" set into place. Some people live for this stuff and their full-time job is sitting in front of the computer and trying to figure out how to break through this stuff.

    This company should be thoroughly chastised.

    *sigh*

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    God/dess Rhiannon's Avatar
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    Default Re: Electronic money dangerous to your wealth

    I merged the two threads, VG.. They were both the same topic. Guess I lapped this one over yours, so it got that title.

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    God/dess Deogol's Avatar
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    Default Re: Electronic money dangerous to your wealth

    Companies are incredibly irresponsible with people's information.

    But don't worry - just like there are companies selling anti-virus and spyware software to protect you from ... shoddy programming....

    There are companies that will sell you protection from irresponsible companies with fraud alerts and credit checks...

    See - it all works out in the capitalist system.

  10. #10
    God/dess threlayer's Avatar
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    Default Re: Electronic money dangerous to your wealth

    With some viruses. the first thing it does is to DISABLE your virus protection and prevent any live updates from working. Clever, eh? How about those keystroke monitoring worms that surreptitiously send your keystrokes, including passwords, out to some nefarious hacker.

    A company I worked for handing protected information had a system that would not pass any of the common Steve Gibson security tests. <The company was generally much sloppier than the one I worked for previously in the same industry. That company bought out our previous company with 10% as many employees; our previous company's system had passed all of the Gibson tests.> I mentioned it to them and they said they would work on it. Two years later it finally passed a few more Gibson tests. They were too busy to deal with basic security issues, but they did manage to block all webmail and liquor/cigarette advertising sites in the interim. They carried out the directives of the CIO, likely who was out of touch with what is going on out there.

    I think some severe penalties, government induced, might speed things up considerably. But there will always be those CIOs who believe everything is all right and that's good enough.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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