Attacks/Breaches
4/9/2012
02:01 PM
50%
50%

9 Most Costly Financial Services Data Breaches

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
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)

Type: Hack
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.

Read the rest of this article on Wall Street & Technology.

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.)

Comment  | 
Email This  | 
Print  | 
RSS
More Insights
Register for Dark Reading Newsletters
White Papers
Cartoon
Current Issue
Dark Reading December Tech Digest
Experts weigh in on the pros and cons of end-user security training.
Back Issues | Must Reads
Flash Poll
Video
All Videos
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-5395
Published: 2014-11-21
Multiple cross-site request forgery (CSRF) vulnerabilities in Huawei HiLink E3276 and E3236 TCPU before V200R002B470D13SP00C00 and WebUI before V100R007B100D03SP01C03, E5180s-22 before 21.270.21.00.00, and E586Bs-2 before 21.322.10.00.889 allow remote attackers to hijack the authentication of users ...

CVE-2014-7137
Published: 2014-11-21
Multiple SQL injection vulnerabilities in Dolibarr ERP/CRM before 3.6.1 allow remote authenticated users to execute arbitrary SQL commands via the (1) contactid parameter in an addcontact action, (2) ligne parameter in a swapstatut action, or (3) project_ref parameter to projet/tasks/contact.php; (4...

CVE-2014-7871
Published: 2014-11-21
SQL injection vulnerability in Open-Xchange (OX) AppSuite before 7.4.2-rev36 and 7.6.x before 7.6.0-rev23 allows remote authenticated users to execute arbitrary SQL commands via a crafted jslob API call.

CVE-2014-8090
Published: 2014-11-21
The REXML parser in Ruby 1.9.x before 1.9.3 patchlevel 551, 2.0.x before 2.0.0 patchlevel 598, and 2.1.x before 2.1.5 allows remote attackers to cause a denial of service (CPU and memory consumption) a crafted XML document containing an empty string in an entity that is used in a large number of nes...

CVE-2014-8469
Published: 2014-11-21
Cross-site scripting (XSS) vulnerability in Guests/Boots in AdminCP in Moxi9 PHPFox before 4 Beta allows remote attackers to inject arbitrary web script or HTML via the User-Agent header.

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
Now that the holiday season is about to begin both online and in stores, will this be yet another season of nonstop gifting to cybercriminals?
FULL SCHEDULE | ARCHIVED SHOWS