International Payment | Breaking Cybersecurity News | The Hacker News

Staysure, a UK based Insurance company has suffered a massive data breach . More than 93,000 customers' sensitive financial data may have been compromised by unknown hackers. We became aware of the problem on November 14, and quickly informed the relevant card issuing bodies and subsequently The Financial Conduct Authority, the Information Commissioner's Office and the Police. The company notified that their systems have suffered cyber attack during the second half of October 2013 and Customers' Data including names, addresses, payment card details and CVV numbers has stolen. In that attack, encrypted payment card details of customers who purchased insurance from us before May 2012 were stolen, along with CVV details and customer names and addresses. From May 2012 we ceased to store this data. Credit card details were encrypted, but the CVV number was in the clear text, which is not good. Now this is not confirmed that their encryption implementation was secure or not. Howe

" The truth is coming, and it cannot be stopped ", Edward Snowden.  The National Security Agency isn't just snooping into phone and online communications. It also appears to be keeping a close eye on credit card transactions. New reports published by Der Spiegel exposed that The National Security Agency (NSA) is widely monitoring SWIFT bank transactions, International Credit Card Payments and banking, attained by watching printer traffic from numerous banks. According to the information acquired by former NSA contractor Edward Snowden , Show that in 2011, the NSA possessed 180 million records and spying is conducted by a branch called " Follow the Money. That data then moved to their own   ' Tracfin ' financial databank to track money flows. NSA targets the transactions of various banks via large credit card companies like VISA by doing surveillance in Europe, Middle East and Africa. Some 84 percent of the data are from credit card transactions

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