Global Payments breach, which affected MasterCard and Visa customers, is only the latest in string of hacks and data thefts that have cost financial institutions millions of dollars.
Anonymous: 10 Facts About The Hacktivist Group
(click image for larger view and for slideshow)
Data breaches are no joke. Just ask any chief security officer. In addition to the bad headlines, customer churn, and regulatory headaches associated with data breaches, the monetary costs can add up quickly. Until the Mastercard and Visa hack, the most recent high-profile data breaches have hit largely outside of the financial services industry, with Sony, Michael's Stores, and RSA (which cost parent company EMC close to $66 million) grabbing most of the headlines.
Despite the focus on other industries, though, financial services continue to be a top target for data breaches, caused by hacks, card scams, insider data theft, and the loss of portable devices that contain financial or private information.
The details of the data breaches are downright scary--or ingenious, depending on your point of view. Here are nine of the largest, most recent financial services data breaches:
Fidelity National Information Services (FIS)
Cost: $13 million
After breaking into FIS's network and gaining access to the company's database, a group of criminals obtained 22 legitimate ATM cards. Copies of the cards were made and shipped to Greece, Russia, Spain, Sweden, the Ukraine and the United Kingdom, according to PrivacyRights.org. The criminals altered the cards so that they could be used to withdraw an unlimited amount of cash. A total of $13 million was taken from accounts in 24 hours, between the evening of Saturday, March 5, and Sunday, March 6, 2011. The heist may be one of the most complex and intricate bank hacks of all time, involving numerous criminals in six countries. It sounds like the storyline for a movie, except for the fact that it is fairly geeky cybercrime involving mundane ATMs. Information Sources:Privacyrights.org and KrebsonSecurity.
As companies increase their use of cloud-based applications, IT and security professionals must make some tough and far-reaching decisions about how to provision, deprovision, and otherwise manage user access. This Dark Reading report, How To Manage Identity In The Public Cloud, examines the options and provides recommendations for determining which one is right for your organization. (Free registration required.)
Published: 2014-08-01 Unspecified vulnerability in HP NonStop NetBatch G06.14 through G06.32.01, H06 through H06.28, and J06 through J06.17.01 allows remote authenticated users to gain privileges for NetBatch job execution via unknown vectors.
Published: 2014-08-01 The GDS component in IBM InfoSphere Master Data Management - Collaborative Edition 10.0 through 11.0 and InfoSphere Master Data Management Server for Product Information Management 9.0 and 9.1 does not properly handle FRAME elements, which makes it easier for remote authenticated users to conduct ph...
Published: 2014-08-01 user.php in Cisco WebEx Meetings Server 1.5(.1.131) and earlier does not properly implement the token timer for authenticated encryption, which allows remote attackers to obtain sensitive information via a crafted URL, aka Bug ID CSCuj81708.
Published: 2014-07-31 Multiple directory traversal vulnerabilities in the Vitamin plugin before 1.1.0 for WordPress allow remote attackers to access arbitrary files via a .. (dot dot) in the path parameter to (1) add_headers.php or (2) minify.php.
Published: 2014-07-31 ** REJECT ** DO NOT USE THIS CANDIDATE NUMBER. ConsultIDs: CVE-2014-5139. Reason: This candidate is a duplicate of CVE-2014-5139, and has also been used to refer to an unrelated topic that is currently outside the scope of CVE. This unrelated topic is a LibreSSL code change adding functionality ...