Archive for September 2014

Home Depot data breach triggers fraudulent transactions around the U.S.

Earlier this month, Home Depot confirmed its payment systems were breached and said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year’s unprecedented breach at Target Corp.

The Home Depot breach has led to fraudulent transactions across the United States, draining cash from customer bank accounts.  Criminals are using stolen card information to buy prepaid cards, electronics and even groceries the Wall Street Journal said.

Home Depot had said customers who shopped at its stores as far back as April were exposed, suggesting the breach extended through the busy summer season.

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The White House: “Cybersecurity in need of new approach”

Efforts to improve the security of cyberspace have fallen short due to a general inability to grasp the economic and psychological dimensions of the problem, said White House Cybersecurity Coordinator Michael Daniel.

“The bad guys primarily get through vulnerabilities that we know about, and that we even know MichaelDanielhow to fix. From that standpoint, it ought to be relatively simple — just plug the holes,” Daniel said while delivering a keynote Tuesday at the Billington Cybersecurity Conference in Washington.

“We haven’t fully confronted cybersecurity as a human behavior and motivation problem, as opposed to a technical problem,” he continued. “Until we understand the human factors … we will continue to fail at solving this problem.”