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Forever 21 Warns Shoppers of Payment Card Breach at Some Stores

Forever 21 Warns Shoppers of Payment Card Breach at Some Stores

November 15, 2017Mohit Kumar
Another day, another data breach. This time a fast-fashion retailer has fallen victim to payment card breach. American clothes retailer Forever 21 announced on Tuesday that the company had suffered a security breach that allowed unknown hackers to gain unauthorized access to data from payment cards used at a number of its retail locations. The Los Angeles based company, which operates over 815 stores in 57 countries, didn't say which of its stores were affected, but it did note that customers who shopped between March and October this year may be affected. Forever 21 learned of the breach after the retailer received a report from a third-party monitoring service, suggesting there may have been "unauthorized access to data from payment cards that were used at certain FOREVER 21 stores." Besides this, the company also revealed that it implemented encryption and token-based authentication systems in 2015 that are intended to protect transaction data on its point-
Fraudsters Stole ¥1.4 Billion from 1,400 Japanese ATMs in Just 3 Hours

Fraudsters Stole ¥1.4 Billion from 1,400 Japanese ATMs in Just 3 Hours

May 23, 2016Mohit Kumar
In an era where major data hacks are on the rise, it is no surprise breaches on individuals are also up. In just three hours, over 100 criminals managed to steal ¥1.4 Billion ( approx. US$12.7 Million ) from around 1,400 ATMs placed in small convenience stores across Japan. The heist took place on May 15, between 5:00 am and 8:00 am, and looked like a coordinated attack by an international crime network. The crooks operated around 1,400 convenience store ATMs from where the cash was withdrawn simultaneously in 16 prefectures around Japan, including Tokyo, Osaka, Fukuoka, Kanagawa, Aichi, Nagasaki, Hyogo, Chiba and Nigata, The Mainichi reports . Also Read: Tyupkin Malware Hacking ATM Machines Worldwide Many ATM incidents involve a long-established technique called ' ATM Skimming ' in which criminals install devices to obtain card details via its magnetic stripe, or use ATM malware or from data breaches, and then work with so-called carders and money mules to pilfe
Chip-and-PIN Credit Cards and The Deadline: Here's What You need To Know

Chip-and-PIN Credit Cards and The Deadline: Here's What You need To Know

October 01, 2015Khyati Jain
October 1 Liability shift ENDS! Today, 1st October 2015 , is the deadline for US-based Banks and Retailers to roll out Chip-embedded Credit Cards ( powered by EVM Technology ) to customers that will make transactions more secure. EVM Technology stands for Europay , MasterCard and Visa -- a global standard for Payment Cards equipped with Chips used to authenticate chip card transactions. Starting Thursday, Merchants must have new Payment Terminals installed to accept Chip Cards in their stores or restaurants. Otherwise, they will be responsible for credit card frauds. Stephanie Ericksen, Visa's Vice President Risk Products said, " That's the date by which if a merchant doesn't have a chip terminal, and a counterfeit card is used at that location, they may be liable for that fraud on that transaction. '' 60% Customers Still have Old Credit Cards However, If you have not received a new credit card with chip technology, don't worry,
Ukrainian Hacker falsely claimed theft of 800 million Credit Card

Ukrainian Hacker falsely claimed theft of 800 million Credit Card

April 01, 2014Wang Wei
800 Million US based Credit and Debit cards compromised! Really it’s a big number and till now it has not been sized by the cyber security officials but a hacker group claims that they had stolen data on hundreds of millions of U.S. card accounts. Last week, the hacker group called itself Anonymous Ukraine ( Op_Ukraine) , said it has seized information pertained to 800 million U.S. credit and debit card accounts, including the cards’ data belong to U.S. President Obama and other political figures. The group says the intention behind this data theft is to harm the U.S. economy. The messages posted on March 24 shows clearly that they were by anti-American. The first message read, " After the USA showed its true face when she unilaterally decides which of the peoples to live independently and who under the yoke of the Federal Reserve, we decided to show the world who is behind the future collapse of the American banking system. We own all the financial information of the
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