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
Newest First  |  Oldest First  |  Threaded View
<<   <   Page 2 / 2
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).

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 | 4:32:27 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 | 4:27:54 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
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.
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.

 
<<   <   Page 2 / 2


Commentary
Ransomware Is Not the Problem
Adam Shostack, Consultant, Entrepreneur, Technologist, Game Designer,  6/9/2021
Edge-DRsplash-11-edge-ask-the-experts
How Can I Test the Security of My Home-Office Employees' Routers?
John Bock, Senior Research Scientist,  6/7/2021
News
New Ransomware Group Claiming Connection to REvil Gang Surfaces
Jai Vijayan, Contributing Writer,  6/10/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: Zero Trust doesn't have to break your budget!
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-27610
PUBLISHED: 2021-06-16
SAP NetWeaver ABAP Server and ABAP Platform, versions - 700, 701, 702, 731, 740, 750, 751, 752, 753, 754, 755, 804, does not create information about internal and external RFC user in consistent and distinguished format, which could lead to improper authentication and may be exploited by malicious u...
CVE-2021-34801
PUBLISHED: 2021-06-16
Valine 1.4.14 allows remote attackers to cause a denial of service (application outage) by supplying a ua (aka User-Agent) value that only specifies the product and version.
CVE-2021-34803
PUBLISHED: 2021-06-16
TeamViewer before 14.7.48644 on Windows loads untrusted DLLs in certain situations.
CVE-2020-8299
PUBLISHED: 2021-06-16
Citrix ADC and Citrix/NetScaler Gateway 13.0 before 13.0-76.29, 12.1-61.18, 11.1-65.20, Citrix ADC 12.1-FIPS before 12.1-55.238, and Citrix SD-WAN WANOP Edition before 11.4.0, 11.3.2, 11.3.1a, 11.2.3a, 11.1.2c, 10.2.9a suffers from uncontrolled resource consumption by way of a network-based denial-o...
CVE-2020-8300
PUBLISHED: 2021-06-16
Citrix ADC and Citrix/NetScaler Gateway before 13.0-82.41, 12.1-62.23, 11.1-65.20 and Citrix ADC 12.1-FIPS before 12.1-55.238 suffer from improper access control allowing SAML authentication hijack through a phishing attack to steal a valid user session. Note that Citrix ADC or Citrix Gateway must b...