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Articles about Credit

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Irish credit unions in privacy breach

Irish credit unions are in the midst of a privacy storm, with that country's privacy watchdog accusing some institutions of trafficking in illegally-obtained data. The Office of the Data Protection Commissioner (ODPC) says it's investigating whether some credit unions hired private investigators to obtain confidential data from …
australian credit cards fraud contactless

Credit card cutting flaw could have killed EVERY AD on Twitter

Twitter has patched a flaw in its service that allowed unauthorised users to delete every credit card from all accounts, potentially relieving the company of its advertising revenue, security researcher Ahmed Aboul-Ela says. The attacks worked through a direct object reference vulnerability and involved the manipulation of …
Darren Pauli, 17 Sep 2014
casino_security

Casino chain Affinity's credit card system popped AGAIN

US Casino operator Affinity Gaming has had its credit card processing system hacked for the second time in less than a year. The Las Vegas-based company said hackers breached a system last month that processed customer credit and debit cards but had no evidence that cards were compromised. "Affinity Gaming and its IT experts …
Darren Pauli, 06 May 2014

UK government accused of hiding TRUTH about Universal Credit fiasco

A government body tasked with flagging up troublesome Whitehall projects has been accused of secrecy and ineptitude over its handling of the Department for Work and Pensions' widely panned Universal Credit programme. MPs sitting on the Public Account Committee said in a report published today that the Major Projects Authority, …
Kelly Fiveash, 19 Aug 2014
O2 Pre-Paid Credit Card

Restaurant chain uses CARBON PAPER to fight credit card hack

Chinese restaurant chain P.F. Chang's China Bistro has resorted to mechanical credit card imprint-capture machines after credit and debit card information was stolen from some of its 200+ restaurants. The company says that last Tuesday, June 10th, “P.F. Chang's learned of a security compromise” and “Immediately … initiated an …
Simon Sharwood, 13 Jun 2014

Need reminding how troubled Universal Credit is? MPA puts it in special 'reset' category

Iain Duncan Smith's massively troubled Universal Credit system is so deep in the toilet - according to the government's Major Projects Authority - that it's not even worthy of being flagged with a "red" warning anymore. The Department for Work and Pensions has made such a hash of the huge benefits' reform scheme – which has been …
Kelly Fiveash, 23 May 2014
PayPal inStore app in action

Credit card of PayPal PRESIDENT cloned by UK crooks

PayPal president's credit card got hacked on a UK visit, the victim revealed on Twitter. David Marcus said that an unidentified criminal used a skimming device and his credit card was cloned before "tons" of fraudulent transaction were made. The senior executive of the eBay-owned payment processing firm made sure to score a …
John Leyden, 12 Feb 2014
Data breach image

Who has your credit card data? 1 million HOLIDAY-MAKERS' RECORDS exposed

A UK-based online travel firm has been fined £150,000 over a breach of breach of the Data Protection Act after their "insecure" coding reportedly exposed more than a million customer records to cybercrooks. Think W3 Limited was hacked in December 2012 in an attack that relied on what the ICO described as "insecure" coding on the …
John Leyden, 24 Jul 2014

Password bug let me see shoppers' credit cards in eBay ProStores, claims infosec bod

A serious vulnerability that potentially allowed shoplifters to empty eBay ProStores shops and swipe customer credit cards has been fixed – according to the security researcher who says he found the hole. Mark Litchfield, an infosec pro at Securatary, told us he discovered a flaw in eBay-owned ProStores that not only opened the …
John Leyden, 01 Apr 2014

Korean credit card companies hit with 90-day, $100m sales ban

Three South Korean credit card firms which are thought to have exposed the personal data of 20 million customers have been forced to suspend all new business for three months in a blow which could cost them nearly $100 million. Korean regulator the Financial Services Commission (FSC) said the firms were not allowed to sign up …
Phil Muncaster, 20 Feb 2014

Tech Data goes for big gun credit man amid accounts probe

Tech Data UK has opted for a big hitter to head up its credit function amid the continued probe into accounting irregularities. Blighty's largest distributor has hauled in former Sun Microsystems global credit manager Kevin Corcoran as director of credit services and after sales management. The second element to the title is …
Paul Kunert, 27 Nov 2013

Amazon wants in on single-credit-card biz

The mid-November launch of payment startup Coin generated a flurry of press, but in the background, Amazon has also taken an interest in a similar one-card-to-rule-them-all model. In one of those serendipitous moments that Google can provide, Vulture South was wondering about a completely different class of patents when we …
Hacker baseball cap

Claimed Home Depot credit card hack could be biggest retail breach yet

One of the US's largest home improvement chains is investigating whether its systems have been cracked by hackers, as one security researcher has claimed. "I can confirm that we’re looking into some unusual activity and we are working with our banking partners and law enforcement to investigate," the company told El Reg in a …
Iain Thomson, 02 Sep 2014

Korean credit card bosses offer to RESIGN over huge data breach

An IT contractor has been arrested over the theft of credit card and personal details of 20 million South Koreans. Investigators allege an IT worker at the Korea Credit Bureau copied names, social security numbers and credit card details of millions onto a USB stick before flogging them to a marketing firm. He has been charged …
John Leyden, 22 Jan 2014

IDS finally admits what EVERYONE ELSE already knows: Universal Credit will be late

Work and Pensions Secretary of State Iain Duncan Smith admitted for the first time today that the government's Universal Credit system is unlikely to hit its original 2017 deadline, following costly technology implementation blunders. The one-dole-to-rule-them-all project has been hamstrung by poor management, bad decision- …
Kelly Fiveash, 05 Dec 2013
Russia

Did Russians frame Ukrainian hacktivists for alleged leak of 7 million credit, debit cards?

Self-styled Ukrainian hackers are bragging they dumped millions of stolen credit card numbers online – but the claims may simply be a political smear job amid tensions between Russia and the West. A group calling itself "Anonymous Ukraine" boasted this week that it is in possession of 800 million credit and debit card details. …
John Leyden, 27 Mar 2014
Grannote fujitsu laptop notebook elderly old users

Returning a laptop to PC World ruined this bloke's credit score. Today the Supreme Court ended his 15-year nightmare

A dad whose credit rating was "annihilated" over a laptop he bought in 1998 has today won an epic legal fight to clear his name. Richard Durkin's 15-year nightmare began when he walked into a PC World store in Aberdeen, Scotland, to buy a £1,449 notebook. He specifically asked for a computer with a modem. A sales assistant …
Jasper Hamill, 26 Mar 2014

LifeLock snaps shut Wallet mobile app over credit card leak fears

LifeLock has withdrawn its Wallet App and deleted user data over concerns the technology falls short of user data protection rules under the payment card industry's Data Security Standard (PCI DSS). In a statement Todd Davis, chairman and chief exec of LifeLock, said it was suspending the app as a precaution - not in response to …
John Leyden, 19 May 2014

Parking firm pulls app after dev claims: I can SEE credit card privates

An automated parking firm has halted public access to its payment app after a blogger identified a serious security flaw which he claimed allowed him to see other users' credit card information. According to Matt Cheetham, an iOS developer based in Bournemouth, the Phone and Pay app was so leaky that he could easily access other …
Jasper Hamill, 13 Feb 2014

Ignore the GIGANTIC assets write-off, Universal Credit IT 'is working' – UK.gov

Hundreds of millions of pounds are understood to have been wasted on the government's Universal Credit programme - a huge IT project to cut and shut six benefits schemes into one payment system - but Whitehall insisted today that the tech was working. The minister for welfare reform Lord Freud claimed: Most people are claiming …
Kelly Fiveash, 25 Nov 2013
PCS with a red X in front of them

Evil Dexter lurks in card reader, ready to SLASH UP your credit score

Cybercrooks have created an improved version of the Dexter point-of-sale malware that's being blamed for slurping the credit and debit card details of holiday shoppers. A new version of Dexter, first discovered by security researchers Seculert about a year ago, has been planted on 31 infected point-of-sale terminals, located in …
John Leyden, 10 Dec 2013
TwitterIPO

Twitter sets up BEELLION-DOLLAR credit line ahead of IPO

Twitter has set up a billion-dollar loan ahead of its initial public offering from a group of big banks. The microblogging site has set up a revolving credit facility from Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch and Deutsche Bank, as well as others, sources whispered to Reuters. All five banks are …
Francis Maude

Never mind bungled Universal Credit rollout, Maude wants UK to be 'most digital' gov by 2015

Just one day after Francis Maude labelled the bungled deployment of Universal Credit - the all-in-one replacement for the benefits system - as "lamentable", the Cabinet Office Minister has been trumpeting that the UK could be "the most digital government" in the G8 by next year. Maude made the claim on Thursday when his office …
Kelly Fiveash, 10 Jan 2014
Homer Simpson reading on a tablet

Target IGNORED hacker alarms as crooks took 40m credit cards – claim

Staff at US chain Target reportedly failed to stop the theft of 40 million credit card records despite an escalating series of alarms from the company's computer security systems. Bloomberg Businessweek claims that security technology from FireEye detected the malware-powered hack – but Target staff failed to act on the alerts, …
John Leyden, 14 Mar 2014
balaclava_thief_burglar

1.1 MILLION customers' credit card data was swiped in Neiman Marcus breach

US luxury retailer Neiman Marcus has confirmed that details from 1.1 million customers' cards were stolen in a recently detected high-profile breach. Card details were lifted after hackers successfully planted malware on payment systems over a period that ran between 18 July and 30 October last year, far earlier than previously …
John Leyden, 24 Jan 2014
Neiman Marcus Massachusetts HQ: pearlescent gold and silver building surrounded by lush plants against a blue sky.

Hackers slurp credit card details from US luxury retailer Neiman Marcus

Upmarket US department store Neiman Marcus has been hit by hackers who broke into systems before lifting an as-yet-unspecified number of credit and debit card details. Neiman Marcus confirmed a security breach in a series of updates to its official Twitter account and apologised, without detailing the extent of the problem or …
John Leyden, 13 Jan 2014
T-Mobile Pulse

Pay-as-you-GONE: Help! T Mobile's swiped my phone credit – customers

T Mobile customers are baying for blood after a glitch wiped out their pay-as-you-go mobile credit. Dozens of people took to a message board of EE, the joint venture between Deutsche Telekom and Orange SA which runs T-Mobile, to express their rage after the outage rendered their mobes useless and cut of their access to the …
Jasper Hamill, 17 Jan 2014
The Register breaking news

Credit card donations to WikiLeaks restored as Mastercard breaks ranks

Mastercard has broken ranks with other payment providers such as PayPal and Visa and begun allowing payments to WikiLeaks. Visa, MasterCard, PayPal, the Bank of America and Western Union all suspended payment processing for WikiLeaks days after the site began publishing leaked US diplomatic cables in November 2010. The decision …
John Leyden, 05 Jul 2013
padlock

Lost your credit card PIN? No worries! Get a new one - over SMS

Text messaging isn’t secure. It was never meant to be, as befits something which the chair of the SMG4 standards committee thought was a good idea at the time. No-one ever thought that it might be used for particularly valuable data. SMS expects everything to happen in plain txt so nuttin iz encryptd, bruv. So it’s pretty …
Simon Rockman, 16 Apr 2014
balaclava_thief_burglar

Stolen CREDIT CARD details? Nah... crooks desire your PRIVATES

Prices on underground cybercrime marketplaces are dropping, with credit card details now in less demand than the personal data of individuals, according to a new study. And even personal details and bank account credentials are getting cheaper to buy on underground hacker markets, according to a study by Dell SecureWorks’ …
John Leyden, 22 Nov 2013

Universal Credit: £40 MILLION and counting's been spaffed up the wall on useless IT gear

The chaotic IT implementation of the one-dole-to-rule-them-all benefits system will lead to millions of pounds of taxpayers' money being wasted, secretary of state for work and pensions Iain Duncan Smith admitted to MPs. Work and Pensions Secretary Iain Duncan Smith MP confirmed to Parliament's Work and Pensions select committee …
Kelly Fiveash, 10 Dec 2013
Northamber

Credit safety net ripped from under elder IT distie Northamber

QBE Insurance has removed entire lines of trade credit insurance on Surrey-based distributor Northamber, The Channel can reveal. Declining trade at one of the oldest wholesalers of IT gear in Blighty is understood to be the reason behind indemnifier QBE's decision, say our sources. Disties Computers Unlimited (Janson Group) and …
Paul Kunert, 30 Apr 2013

Hackers steal 'FULL credit card details' of 376,000 people from Irish loyalty programme firm

A hack attack against an Irish loyalty programme firm, Loyaltybuild, has led to the theft of the full credit card details of at least 376,000 consumers, says the country's data protection watchdog. According to the results of a preliminary investigation by the Office of the Data Protection Commissioner (ODPC), credit card and – …
John Leyden, 14 Nov 2013
The Register breaking news

Universal Credit CRUNCHED: Dole handouts IT system to be rebuilt

The man brought in to steer the government's crisis-hit one-dole-to-rule-them-all IT system has admitted that the Department for Work and Pension's Universal Credit project has been poorly managed and needs to be completely overhauled. Howard Shiplee was hired by Work and Pensions Secretary of State Iain Duncan Smith in May this …
Kelly Fiveash, 04 Sep 2013
ISO7816 Tattoo

BUPA glitch sees credit cards charged multiple times

Health insurer Bupa has charged some of its members three or more times their fortnightly premium, after a software glitch saw multiple payments debited to credit card accounts. Reg readers have confirmed that BUPA's Australian operations charged their credit cards three or more times in February, in some cases resulting in them …
Simon Sharwood, 07 Mar 2013
The Google Credit Card

Google launches credit card in UK

Businesses in the United Kingdom have become the first in the world to have the chance of obtaining a Google credit card. The Google AdWords Business Credit card” to give the plastic its formal name, is a tool the Chocolate Factory hopes small business will use to rack up big bills for online ads they don't have the cash to …
Simon Sharwood, 08 Oct 2012

Credit insurer sets up 'task force' in wake of enormo UK IT biz failures

Trade credit insurer Atradius is setting up a specialist task force to analyse UK channel companies that have a high debt-to-assets ratio or have VC backing in the wake of recent high-profile and costly failures. As world + dog knows, High Street giant Comet hit the wall in December owing creditors £257m, costing the UK …
Paul Kunert, 15 Apr 2013
SOURCE: http://www.sxc.hu/photo/959469

Five charged as Feds bust largest credit-card hack in history

Federal prosecutors in New Jersey say they've busted what could be the biggest credit card hacking fraud in US history, with companies such as NASDAQ, 7-Eleven, and Dow Jones falling prey to an Eastern European criminal gang. According to the indictment, the gang stole data on up to 160 million credit cards and then sold them on …
Iain Thomson, 26 Jul 2013
The Register breaking news

Universal Credit IT system could lead to MORE FRAUD, MPs warn

The number of benefit cheats in the UK could rise thanks to yet more IT problems with the government's new Universal Credit system, MPs warn. A communities and local government committee report published on Wednesday cast more doubt over the "readiness" of the Department for Work and Pensions' Universal Credit system - which …
Kelly Fiveash, 04 Apr 2013
chewbacca

ChewBacca point-of-sale keylogger SLURPS your CREDIT CARD data

Point-of-sale malware dubbed ChewBacca has hit dozens of small retailers in 11 countries as far apart as the US, Russia, Canada and Australia. Researchers at RSA Security have put the ChewBacca Trojan under microscope revealing much more information about a strain of malware targeted at retailers that, whilst not new for …
John Leyden, 31 Jan 2014
Hackers deface the Las Vegas Sands website

DON'T PANIC! No credit card details lost after hackers crack world's largest casino group

IT administrators at the Las Vegas Sands casino are having a tough time restoring their systems after hackers successfully got inside the corporation's firewall, but it appears that the most valuable sections of the network are safe, according to the Nevada Gaming Control Board. Board chairman A.G. Burnett told Associated Press …
Iain Thomson, 13 Feb 2014
anonymousCARTOON

Stratfor email, credit-card hacker Hammond thrown in cooler for 10 YEARS

Jeremy Hammond, the hacker who cracked open the database of intelligence organization Stratfor, had hoped for some leniency when he pleaded guilty to one charge of violating the Computer Fraud and Abuse Act. But instead a judge in New York today gave him the maximum sentence, 10 years, and three years' post-imprisonment …
Iain Thomson, 15 Nov 2013

Gov IT write-off: Universal Credit system flushes £34m down toilet

The UK's spending watchdog has scolded the Department for Work and Pensions for so far wasting £34m of taxpayer money on its botched attempt to implement a one-dole-to-rule-them-all IT system. In a stinging rebuke of the government's handling of Universal Credit, the National Audit Office concluded that the DWP, which is led by …
Kelly Fiveash, 05 Sep 2013

Arts and crafts store Michaels says 3 million credit cards exposed in breach

As the officials investigating the Target data breach are settling in for what they believe will be a long and complex process of catching the hackers behind the heist, another US retailer is admitting that it lost millions of customer payment card details. Arts and crafts store chain Michaels said that it has confirmed the …
Shaun Nichols, 18 Apr 2014
The Register breaking news

Web host Linode, hackers clash over credit-card raid claim

Crooks claim they gained access to server hosting biz Linode's customer passwords and credit card numbers. On Friday, Linode said someone tried to compromise one of its clients' machines, but insisted no financially sensitive information was leaked. Linode reset all account passwords as a precautionary measure. The virtual …
John Leyden, 16 Apr 2013
channel_teaser_money_top

Major Brit IT provider denies turning to fellow resellers after burning up lines of credit

British comms provider Azzurri has rejected suggestions that its finances are so precarious it has been forced it to tap up fellow resellers for product. Azzurri provides various well-known UK firms and government departments with comms and data services, reselling a range of vendor products in the telecomms, networking and …
Paul Kunert, 17 Jun 2013
money_yen_dollar_pound

Leaked docs: NSA 'Follow the money' team slurped BANK records, CREDIT CARD data

The NSA doesn't only hoover up your emails, web surfing habits and phone call metadata – they also harvest your credit card records and banking transactions. The latest leaks from whistleblower Edward Snowden reveal that the NSA is monitoring international banking and credit card transactions that pass through the Society for …
John Leyden, 18 Sep 2013
The Register breaking news

Universal Credit: ONLY 6 job centres to get new dole system in October

The UK government's controversial plans to cut and shut benefit payments into one system was defended today by Work and Pensions Secretary of State Iain Duncan Smith. Just as Duncan Smith took his seat for a relatively easy grilling from the Work and Pensions Select Committee, his department put out a statement about the …
Kelly Fiveash, 10 Jul 2013
MasterCard's DisplayCard includes a hard token one-time password generator

Singaporeans get hard token baked into credit card

Two-factor authentication just got a whole lot more convenient for residents of Singapore, after Standard Chartered Bank's local outfit teamed with MasterCard to offer account-holders a credit card that is also a one-time-password-generating hard token. MasterCard calls the device a 'Display Card' and says it includes “an …
Simon Sharwood, 08 Nov 2012
The Register breaking news

Hackers crack Texan bank, Experian credit records come flooding out

Hackers managed to get login credentials for Experian's credit scoring reports after they broke into the systems of Abilene Telco Federal Credit Union last year, it has emerged. Crooks gained access to the west Texan bank's systems after hacking into an employee's computer. The September 2011 breach allowed the hackers to get …
John Leyden, 29 Oct 2012