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Ransomware’s Aftermath Can Be More Costly Than Ransom | Malware

Downtime caused by a ransomware attack can cost a company more than paying a ransom to recover data encrypted by the malware, according to a report released last week byIntermedia. Nearly three-quarters (72 percent) of companies infected with ransomware could not access their data for at least two days because of the incident, and …


Supermarket Sues Banks Over Chip Card Shift, Says It Lost $10K in 4.5 Months [Updated]

A small supermarket chain in Florida says that it has been ready for the shift to chip-based cards—but it can’t get certified. A Florida-based supermarket and liquor store chain has sued a variety of card networks and card issuers (PDF)—including Visa, MasterCard, American Express, Wells Fargo, and a number of others—over a recent shift in credit card technology that took place in the US last …


Credit Card Industry Challenged as Fraud Rises Significantly at EMV-capable Merchants

by Avivah Litan | March 14, 2016 | Submit a Comment In a little noticed but highly significant event, two small Florida merchants are lead plaintiffs in a potential class action suing the financial services industry for conspiring to get the merchants to eat more fraud. The merchants point out that their fraud rates and charges have risen more than twenty times since the October 2015 EMV …


Home Depot Offers $19M to Settle Customers’ Hacking Lawsuit

Home Depot offers $19M to settle customers’ hacking lawsuit The 2014 hack of the home-improvement retailer’s payment systems exposed more than 50 million credit card accounts. More than 50 million Home Depot customers’ credit cards were exposed to theft in a massive hack in 2014. Home Depot says it’s willing to pay as much as $19.5 million to settle a class-action lawsuit brought by shoppers …


Home Depot Agrees to Pay Customers $20M to Settle That Massive 2014 Hack

Home Depot’s security breach 18 months ago was hugely embarrassing for the company, and only now is it coming near to finally bringing the matter to a close. The retail giant said Tuesday it’s agreed to pay a minimum of $19.5 million in compensation to customers caught up in the incident that saw cybercriminals nab payment card information and email addresses belonging to tens of millions of …


Don’t Hand Over Your Zip Code to Retailers

It’s the question that often comes when you hand over your credit card at the store: what’s my zip code? Next time you’re asked, you may want to think twice before handing over the information. You have to do it when you pay at the pump, but inside a store you have no obligation to give up your zip code.


Don’t Hand Over Your Zip Code to Retailers

It’s the question that often comes when you hand over your credit card at the store: what’s my zip code? Next time you’re asked, you may want to think twice before handing over the information. You have to do it when you pay at the pump, but inside a store you have no obligation to give up your zip code.