Sony Co., in a blog post Thursday, announced that every single important record from the breached credit card database last week was encrypted. But, security experts say it was not enough to fully protect the Sony PlayStation users and that consumer data might still be used by the hackers.. On Friday, reports had been released saying the hackers may have obtained the consumer. On Friday, reports had been released saying the hackers may have obtained the consumer. thursday, announced, every, single, important, record, breached. . LinuxSecurity.com Team
Payment industry executives and security experts are currently debating over the right way to preserve and protect credit card data. Merchants can choose between a variety of formats, from format preserving encryption, which replaces the 16-digit credit card number with an encryption algorithm to card-based tokens, which substitute a random token with the hope that it could reduce the scope of a PCI DSS assessment.. Robert Griffin, technical director at RSA, the security division of EMC Corp., has been the lead architect in a number of encryption and tokenization projects. In this interview, Griffin, a recognized encryption expert and co-chair of the OASIS Key Management Interoperability Protocol Technical Committee, talks about why RSA's approach to protecting credit card data -- using card-based tokens -- is the most effective way to protect sensitive credit card data from cybercriminals. The security vendor recently released a white paper,Secure Payment Services: Credit Data Security Transformed outlining its position on the technology. The link for this article located at Search Security is no longer available. . In a recent analysis, Jennifer Lee examines how TokenSecure's chip-enabled cards bolster the protection of sensitive financial information against hackers.. Payment Security, Tokenization Technologies, Credit Card Safeguarding. . LinuxSecurity.com Team
The TJX Companies, a large retailer that operates more than 2,000 retail stores under brands such as Bob. Banking officials in Massachusetts say the TJX breach is behind a recent warning by Visa to banks in Massachusetts, which have contacted customers in recent days and had to reissue thousands of ATM and debit cards. In the end, the hack may affect a wide range of credit card companies and thousands of consumers in America and in countries like the United Kingdom and Ireland, experts say. TJX said it is working with IBM and General Dynamics to investigate the breach, which is believed to have occurred on computer systems that process and store information on customer transactions for T.J. Maxx, Marshalls, HomeGoods and A.J. Wright. Transactions from T.K. Maxx in the United Kingdom and Ireland may have also been exposed in the breach. The link for this article located at CSO Online is no longer available. . Financial regulators caution that the massive Target security incident affects financial institutions in Massachusetts due to the revelation of consumer debit card information.. TJX Companies, Data Breach, Payment Security, Consumer Protection. . LinuxSecurity.com Team
Concerns about on-line credit card security and privacy of personal information are often listed as the major reasons for this lack of Internet purchasing. According to Visa Canada Association, in 1999, 67 per cent of Canadian shoppers didn't see the Internet . . . . Concerns about on-line credit card security and privacy of personal information are often listed as the major reasons for this lack of Internet purchasing. According to Visa Canada Association, in 1999, 67 per cent of Canadian shoppers didn't see the Internet as secure in 1999, down from 75 per cent in 1996. "We'd like to see that number drop much faster," says Visa Canada spokesperson Rick Pyves. To alleviate concerns, Canadian Imperial Bank of Commerce rolled out one-use Visa credit card numbers for Internet purchases earlier this month. The one-use cards mean users do not have to disclose their regular Visa numbers on-line. The link for this article located at globetechnology.com is no longer available. . Worries regarding the safety of online payment methods and the confidentiality of personal data present major obstacles to electronic shopping.. One-Use Credit Cards, Online Privacy, Financial Security, E-Commerce Protection. . LinuxSecurity.com Team
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