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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, Interesting) by Anonymous Coward on Thursday September 04 2014, @06:12PM
Sure, it probably is more robust against this very narrow and specific type of attack. So it would make for great PR for people selling "mobile payments" systems. But what really matters is total system vulnerability - its kind of like saying that getting shot in the heart is great because at least you didn't get knifed in the heart. Either way you are dead.
Cash wins everytime because your maximum possible loss is limited by what you chose to carry in your pocket so it is completely under your control - and loss of control (of costs and more broadly data about yourself) seems to be a major theme here at the start of the 21st century.
FWIW, I bought a $3K washer/dryer pair from Home Depot with cash during this time period and I explicitly told the saleswoman that I was doing it because I knew it was only a matter of time until they got hit just like Target had been hit. She said she believed me, but she was probably just being agreeable on the off chance that I would get pissed and go somewhere else instead. I wonder if she even remembers me now...