Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Apple Pay Fraud Gives Us A New Reason To Hate Data Breaches And SSNs
Newest First  |  Oldest First  |  Threaded View
<<   <   Page 2 / 2
User Rank: Ninja
3/5/2015 | 4:46:10 PM
Re: I don't get the US Banks' mentality

I don't understand the chip/signature rationale either.  Is a signature supposed to be more secure than a pin # ?   The Banks need some serious help, and I have a group of experts willing for a fee (of course).

User Rank: Ninja
3/5/2015 | 4:41:52 PM
And Yet Another Reason To Hate Breeches .....

Recently read that Target is cutting thousands of jobs due in large part to their recent breech.     Same old story.  CEO keeps his or her job (not quite sure if they axed that pho CIO they had)  but as usual the focus is misplaced.


And as usual those who had nothing to do with it must pay for it.

User Rank: Ninja
3/5/2015 | 4:32:27 PM
Re: I don't get the US Banks' mentality
"....are US banks really stupid, or their systems so archaic?"


@Pablo   Both.   And you can add arrogant to that as well.   The World has become too complicated for Banks.  They must think whatever happen to the good old days ?  

When all they had to do is take your money.
User Rank: Ninja
3/5/2015 | 4:27:54 PM
Re: I don't get the US Banks' mentality

I was about to rant about Apple Pay until I read further, and it makes sense that the security shortcomings are due in large part to the banks' inability to understand and carry out security with these types of transactions.

I get the feeling many banks know they are in over there heads when it comes to these mobile payments, but since it was Apple they just couldn't admit it.

I did not realize SSN#'s were so ingrained into their authentication process, but as a result of breeches it is certainly time to rethink using this as a be all, end all. 

Those days are over.  Thanks big business.   What would we do without you ?


Probably still have our identities - But of course it is too late for that.

Pablo Valerio
Pablo Valerio,
User Rank: Strategist
3/5/2015 | 6:20:36 AM
I don't get the US Banks' mentality
@Sara, are US banks really stupid, or their systems so archaic?

In Europe, for many years, we need several special second authentication systems such as one-time security codes, coordinate cards, Chip+PIN.

Just the fact that the new EMV cards in the US will be Chip+Signature doesn't make sense. Are US banks implying that Americans won't use their cards becuase they have to enter a PIN? As you know we have that system here in Europe for many years and very few people complain.

They had the opportunity, with Apple Pay, to have a robust, secure, mobile payment system, and they are committed to blow it.
User Rank: Apprentice
3/5/2015 | 1:19:45 AM
Convenience improved by bringing down security
Apple is also expected do something about the vulnerability that their Touch ID brings:  Biometrics operated with a password in the OR/disjunction way (as in the case of iPhone) offers a lower security than when only the password is used.

Threats that can be thwarted by biometric products operated together with fallback/backup passwords can be thwarted more securely by passwords only.

We could be certain that biometrics would help for better security only when it is operated together with another factor by AND/Conjunction (we need to go through both of the two), not when operated with another factor by OR/Disjunction (we need only to go through either one of the two) as in the cases of Touch ID and many other biometric products on the market that require a backup/fallback password, which only increase the convenience by bringing down the security.

<<   <   Page 2 / 2

I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Current Issue
How Machine Learning, AI & Deep Learning Improve Cybersecurity
Machine intelligence is influencing all aspects of cybersecurity. Organizations are implementing AI-based security to analyze event data using ML models that identify attack patterns and increase automation. Before security teams can take advantage of AI and ML tools, they need to know what is possible. This report covers: -How to assess the vendor's AI/ML claims -Defining success criteria for AI/ML implementations -Challenges when implementing AI
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
PUBLISHED: 2022-10-03
pfSense v2.5.2 was discovered to contain a cross-site scripting (XSS) vulnerability in the browser.php component. This vulnerability allows attackers to execute arbitrary web scripts or HTML via a crafted payload injected into a file name.
PUBLISHED: 2022-10-03
phpipam v1.5.0 was discovered to contain a header injection vulnerability via the component /admin/subnets/ripe-query.php.
PUBLISHED: 2022-10-03
Under certain conditions, an attacker could create an unintended sphere of control through a vulnerability present in file delete operation in Autodesk desktop app (ADA). An attacker could leverage this vulnerability to escalate privileges and execute arbitrary code.
PUBLISHED: 2022-10-03
An issue was discovered in Veritas NetBackup through 8.2 and related Veritas products. An attacker with local access can send a crafted packet to pbx_exchange during registration and cause a NULL pointer exception, effectively crashing the pbx_exchange process.
PUBLISHED: 2022-10-03
An issue was discovered in Veritas NetBackup through and related Veritas products. The NetBackup Primary server is vulnerable to an XML External Entity (XXE) Injection attack through the DiscoveryService service.