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.

Comments
Apple Pay Fraud Gives Us A New Reason To Hate Data Breaches And SSNs
Oldest First  |  Newest First  |  Threaded View
Page 1 / 2   >   >>
HAnatomi
50%
50%
HAnatomi,
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.

 
Pablo Valerio
50%
50%
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.
Technocrati
50%
50%
Technocrati,
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.

Technocrati
50%
50%
Technocrati,
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.
Technocrati
50%
50%
Technocrati,
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.

Technocrati
50%
50%
Technocrati,
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).

Marilyn Cohodas
50%
50%
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. 
Technocrati
50%
50%
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.

Technocrati
50%
50%
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.

Marilyn Cohodas
50%
50%
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....
Page 1 / 2   >   >>


Edge-DRsplash-10-edge-articles
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
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
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
Video
Cartoon
Current Issue
How Enterprises Are Assessing Cybersecurity Risk in Today's Environment
The adoption of cloud services spurred by the COVID-19 pandemic has resulted in pressure on cyber-risk professionals to focus on vulnerabilities and new exposures that stem from pandemic-driven changes. Many cybersecurity pros expect fundamental, long-term changes to their organization's computing and data security due to the shift to more remote work and accelerated cloud adoption. Download this report from Dark Reading to learn more about their challenges and concerns.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-4170
PUBLISHED: 2022-01-16
calibre-web is vulnerable to Improper Neutralization of Input During Web Page Generation ('Cross-site Scripting')
CVE-2022-0235
PUBLISHED: 2022-01-16
node-fetch is vulnerable to Exposure of Sensitive Information to an Unauthorized Actor
CVE-2022-0238
PUBLISHED: 2022-01-16
phoronix-test-suite is vulnerable to Cross-Site Request Forgery (CSRF)
CVE-2021-44537
PUBLISHED: 2022-01-15
ownCloud owncloud/client before 2.9.2 allows Resource Injection by a server into the desktop client via a URL, leading to remote code execution.
CVE-2021-33828
PUBLISHED: 2022-01-15
The files_antivirus component before 1.0.0 for ownCloud mishandles the protection mechanism by which malicious files (that have been uploaded to a public share) are supposed to be deleted upon detection.