SoylentNews is people
SoylentNews
Krebs on Security broke a story about Home Depot being breached, with an update stating that the banks believe the breach goes as far back as late April/early May.
Multiple banks say they are seeing evidence that Home Depot stores may be the source of a massive new batch of stolen credit and debit cards that went on sale this morning in the cybercrime underground. Home Depot says that it is working with banks and law enforcement agencies to investigate reports of suspicious activity.
[...]
In what can only be interpreted as intended retribution for U.S. and European sanctions against Russia for its aggressive actions in Ukraine, this crime shop has named its newest batch of cards “American Sanctions.” Stolen cards issued by European banks that were used in compromised US store locations are being sold under a new batch of cards labeled “European Sanctions.”
Home Depot's stock price also took a dive when the news was released.
(Score: 1) by pnkwarhall on Thursday September 04 2014, @04:22PM
I recently received a replacement card from my bank -- unrequested -- with an accompanying notice mentioning activity such as this, and this spate of recent CC-related compromises has definitely made it seem more risky to use my debit card at major retailers (I'm sure I'm not the only one). I also recently became aware of how incredibly lucrative the charge-card business is from a charge-per-transaction standpoint (please forgive my naiveity -- I previously thought it was a flat fee per credit transaction, as opposed to a percentage).
In an effort to not automatically "look where the finger points", I wonder if there are other motives at play here. Could these high-profile compromises be jihadi-backed FUD attacking a very basic part of the financial ecosystem? A general shift to more cash transactions would have a negative and unprofitable effect on "big business" (CC companies and mega-corps), while being a relatively minor nuisance to most smaller businesses/targets.
Lift Yr Skinny Fists Like Antennas to Heaven
(Score: 2) by tibman on Thursday September 04 2014, @05:38PM
I wonder if that's not a bad idea to occasionally do. Just get a replacement card and redo all your subscriptions once a year. I'm already use to the reformat and reinstall cycle with windows.
SN won't survive on lurkers alone. Write comments.
(Score: 0) by Anonymous Coward on Thursday September 04 2014, @06:22PM
> Could these high-profile compromises be jihadi-backed FUD
Lol.
Seriously that doesn't even pass the laugh test.
These crimes are happening because (a) it is relatively easy and (b) it is very profitable.
No need to come up with crazy ass theories about cave-dwellers being master mafioso hackers.