Skip to main content

How much is your identity worth?

posted onMay 20, 2009
by hitbsecnews

HOW curious. Early this year my bank sent me a replacement credit card. I hadn't asked for one, and the bank did not elaborate except to refer vaguely to "security" issues.

I still don't know why my card was replaced, but I have a hunch: a massive electronic heist at a New Jersey-based company called Heartland Payment Systems. Heartland acts as a middleman between retailers and credit card companies, and processes about 100 million transactions every month. At some point in March 2008, a group of hackers is believed to have broken through the firm's cyber-defences. They installed software that, for about four months, secretly relayed credit and debit card details to an external computer. It is likely that tens of millions of cards were hacked.

Like many other people, I initially missed the news about Heartland - perhaps because it was announced on the day of Barack Obama's inauguration. But my belated discovery made me wonder what would have happened to my credit card details if they had been stolen. So I called internet security company Team Cymru, based in Burr Ridge, Illinois. A few weeks later, cybercrime experts Steve Santorelli and Levi Gundert introduced me to a sprawling criminal underworld so large and pervasive that no one can control it.

Source

Tags

Privacy

You May Also Like

Recent News

Friday, November 29th

Tuesday, November 19th

Friday, November 8th

Friday, November 1st

Tuesday, July 9th

Wednesday, July 3rd

Friday, June 28th

Thursday, June 27th

Thursday, June 13th

Wednesday, June 12th

Tuesday, June 11th

Simplenews subscription

Stay informed - subscribe to our newsletter.
The subscriber's email address.
Keeping Knowledge Free for Over a Decade

Copyright © 2018 Hack In The Box. All rights reserved.

36th Floor, Menara Maxis, Kuala Lumpur City Centre 50088 Kuala Lumpur Malaysia
Tel: +603-2615-7299 Fax: +603-2615-0088