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Apple Pay Fraud Gives Us A New Reason To Hate Data Breaches And SSNs
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Joe Stanganelli
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Joe Stanganelli,
User Rank: Ninja
3/10/2015 | 2:29:25 AM
SSNs
An InfoSec blog I recently (though I can't remember which at the moment) put it best: SSNs were designed as usernames.  They are now being used to double as passwords.  From a security standpoint, that is absurd and unacceptable.
prospecttoreza
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prospecttoreza,
User Rank: Strategist
3/6/2015 | 9:54:28 AM
Re: I don't get the US Banks' mentality
There could be two reason why we do not hear about data breaches in Europe - (a) they do not exist (b) European companies are not disclosing them. I am inclined to think that the latter is true.
Technocrati
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Technocrati,
User Rank: Ninja
3/5/2015 | 5:44:11 PM
Re: I don't get the US Banks' mentality
@Pablo       All I can say is "better late than never"...

A new American motto.
Technocrati
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50%
Technocrati,
User Rank: Ninja
3/5/2015 | 5:39:55 PM
Re: And Yet Another Reason To Hate Breeches .....
@Marilyn        True.   And I have to give Mr.Gregg some credit - he did per your linked article at least take responsibility for it.

Granted his noble deed is alot easier carry out when you don't have to worry about where your next check is coming from.
Technocrati
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Technocrati,
User Rank: Ninja
3/5/2015 | 5:32:13 PM
Re: And Yet Another Reason To Hate Breeches .....
"...The board is deeply grateful to Gregg for his significant contributions and outstanding service throughout his notable 35-year career with the company."

Let me see if I understand this statement by Target's board correctly.   He was at the helm when 40mil debit and credit cards were compromised and he is praised for his "significant contributions and outstanding service" ?

Does anyone else see the problem here ?    Maybe the board should ask the 40mil customers whose information was compromised if they think Mr. Gregg was outstanding or significant in any way.
Pablo Valerio
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Pablo Valerio,
User Rank: Strategist
3/5/2015 | 5:09:06 PM
Re: I don't get the US Banks' mentality
"This is where that arrogance comes in that I mentioned earlier.  Go to Europe and see how others are doing it ?   No Way.   Europe is only for vacations and hiding assets."

@Technocrati. at least they are taking EMV, which is an European standard, only 10 years after has implemented here, saving banks and customers billions of Euros of potential fraud.

 
Marilyn Cohodas
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Marilyn Cohodas,
User Rank: Strategist
3/5/2015 | 4:55:38 PM
Re: And Yet Another Reason To Hate Breeches .....
It was justice and also a watershed for the industry. A first for a CEO to get the axe as the result of a company data breach. Probably won't be the last....
Technocrati
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Technocrati,
User Rank: Ninja
3/5/2015 | 4:50:55 PM
Re: And Yet Another Reason To Hate Breeches .....

@Marilyn     Ah Thank you !   So there is some justice, not much but some.

Technocrati
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Technocrati,
User Rank: Ninja
3/5/2015 | 4:49:09 PM
Re: I don't get the US Banks' mentality

"...As you know we have that system here in Europe for many years and very few people complain."

 

@Pablo    This is where that arrogance comes in that I mentioned earlier.  Go to Europe and see how others are doing it ?   No Way.   Europe is only for vacations and hiding assets.

Marilyn Cohodas
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Marilyn Cohodas,
User Rank: Strategist
3/5/2015 | 4:46:39 PM
Re: And Yet Another Reason To Hate Breeches .....
@Technocrati  The Target CEO did loose his job as a result of the breach. He stepped down last May. 
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