The Adoption Of The Euro Pay Mastercard And Visa

Restaurants have a tendency to be targets for cyber criminals. These criminals steal and reconfigure the payment card data for their own purposes. At the Heartland Cafe, Tom has a chance to be a target for a cyber attack by being in a high-traffic area. If the customer is compromised, Heartland Cafe will quickly lose public trust and perhaps Tom will lose the business altogether. Extra measures toward risk management should be taken to ensure that the business itself remains safe. Compliance with PCI-DSS protocols, PTS requirements and the franchisor should inform the franchisee of any software that could translate

In December of 2013, target corporation faced a serious security breach where over 40 million credit cards were stolen from different target stores. This paper is going to explore the problem, the background information about the problem, the controls that could have been in place to prevent the issue, the intended plan of control and the associated risks involved.

The future of payments is current shifting to another path with how technology is changing and is currently modifying how we process our payments and how we store data. It is going away from low-tech and paper based tools, expensive and bulky registers, and physical card swipes. And it is introducing and renovating online commerce and online payment. This is happening due to the decrease of money supply and checks in the current market because people are starting to pay more and more there bills online. As the economy improces and corporations and business gets larger they have started a large-scale implementation of processors in electronic payment technology in their business ands services. Also, credit and debit are growing amongst consumers and it has been the highest that it has even been in history.

This paper explores seven references that report the results from research conducted on-line regarding the 2013 Target breach. According to the website “Timeline of Target 's Data Breach And Aftermath: How Cybertheft Snowballed For The Giant Retailer” (2015), the breach occurred November and December 2013 in which customers who shopped at Target locations credit and debit cards were breached and their personal information was exposed. Upon their investigation, it was determined their point of sale system was hacked. “Wikipedia” states point of sale system which is used by third party vendors has cash registers as well as barcodes which stores customer’s information. The website “What is Packet Sniffer” (2016), Packet Sniffing may have been a way the attacked happened. “RAM Scraping Attack” website indicates what RAM means and how this type of attack happens. “What is a Firewall in Networking and How They Protect Your Computers” (2014), “What is Endpoint Security? Data Protection 101” and “Why SSL? The Purpose of using SSL Certificates” websites each provide ways to reduce and/or prevent future attacks.

DoD has deployed an issuance infrastructure at over 930 sites in more than 25 countries around the world and is rolling out more than 1 million card readers and associated middleware. A key goal of the CAC program is to meet DoD’s mandate to sign all electronic mail and other electronic documents digitally. Future plans include using the CAC to sign and encrypt e-mail, expanding the number of portals capable of doing Web-based e-business using PKI authentication tools, adding a biometric to the card to provide

This paper explores seven references that report the results from research conducted on-line regarding the 2013 Target breach. According to the website “Timeline of Target 's Data Breach And Aftermath: How Cybertheft Snowballed For The Giant Retailer” (2015), the breach occurred November and December 2013 in which customers who shopped at Target locations credit and debit cards were breached and their personal information was exposed. Upon their investigation, it was determined their point of sale system was hacked. “Wikipedia” states point of sale system which is used by third party vendors has cash registers as well as barcodes which stores customer’s information. The website “What is Packet Sniffer” (2016), Packet Sniffing may have been a way the attacked happened. “RAM Scraping Attack” website indicates what RAM means and how this type of attack happens. “What is a Firewall in Networking and How They Protect Your Computers” (2014), “What is Endpoint Security? Data Protection 101” and “Why SSL? The Purpose of using SSL Certificates” websites each provide ways to reduce and/or prevent future attacks.

An unauthorized and highly sophisticated malware that not been encountered previously by any security company attacked the point-of-sale systems where all the card information is stored. The outcome of this hacking been extensive and affected millions of customer’s personal and payment data was exposed, results in the payment card compromise of three million customers.

In January 2007, TJX Companies Inc. released a statement to the press that an estimated 40 million of their customer’s credit card accounts had been compromised (although final reports state that over 94 million accounts were affected) (Berg 2008). Through the company’s POS (Point of Sales) system, credit card information was stolen by a ring of hackers and approximately $4.5 billion spent on these cards (Berg 2008). What the hackers did was intercepted the credit card information from customers who swiped their cards at the store and then created their own physical cards using this information. Then they sold the credit cards to people, who turned around and used these cards at retail stores, like Walmart (Agrawal 2011). Three areas of weakness within the company’s IT systems that allowed for an attack of this scale were: inadequate wireless security, improper storage of customer data and failure to encrypt customer account data (Berg 2008).

Michael’s Store, Inc. is an arts & crafts Retail chain. It has more than 1040 stores located in 49 US states & Canada. The company also owns and operates the Aaron brother’s retail chain, which happens to have an additional 115 stores across the Country. Michael’s store Inc. had a Security breach, which took place between May 8, 2013 and January 27, 2014. About 2.6 million cards or about 7 percent of payment cards used at its stores during the period were affected. Alarmingly, its subsidiary Aaron brothers also had been breached between June 26, 2013 and February 27, 2014. It was reported that Aaron brothers had 400,000 cards impacted. The duration of the treacherous attack in total was 8 months (Schwartz, 2014). In this report, security breach of Michael’s store Inc. is analyzed. The topics covered are how the breach occurred, what did the authorities do to educate the customers & how in future such attacks can be avoided.

In a highly competitive market space, being compliant with PCI standards will make our organization more acceptable in the market, and also help build trust and confidence in our operation among healthcare providers seeking our services. In a constantly evolving threat environment with increased levels of data breaches in recent times, ensuring PCI compliance even though not mandated will help attract customers and would be good return on investment. Along with BAA signed with our clients, being PCI compliant would also ensure extra layer of protection by following the practices suggested by leading payment card brands like Visa, Mastercard, etc. who are constantly looking out for new emerging threats in the industry, and are proactive in incorporating changes to PCI DSS standards to minimize the impact of these new threats. Though complying with standards like PCI doesn’t ensure security, they provide a structure around which organizations can build their information security and assurance program, thereby helping them anticipate and mitigate new risks in the area of storing payment card

In December 2013, Target announced that massive amounts of credit and debit card information they collected over the years might be in the danger of theft. The credit card breach could affect as many as 70 million customers who swept cards in the retail stores or linked their cards with the membership card, the RedCard. Each card information contains a card number, holder’s name, address, phone number and etc. The more information the thieves got, the more conveniently the thieves could use them to get benefits from the card holders. Jia Lynn Yang and Amrita Jayakumar, the authors of “Target says up to 70 million more customers were hit by December data breach”, write about how bad people will use customers’ information to crime. These thieves possibly shop online by inserting the card information. They could also contact with the victims to gather more sensitive information, and even hack into their computers. This event forces us to seriously consider the crisis in how retails protect customers’ data (Yang &

In December of 2013, over 40 million credit card information was stolen from 2000 Target stores. This paper will explore the known issues in the Target breach and consider some of the Critical Controls that could have been used to prevent this breach and mitigate the losses. There are multiple factors that led to the largest data loss in history. Vendors were subject to various phishing attacks, memory scraping malware and detection used by Target that failed. One of the possible solutions for preventing and mitigating similar breaches is using a multi-layered security strategy, and to consider human factors that may be contributed to the loss of this information.

In today’s economy, cash or a credit card is needed to meet the basic human needs. It is an apparent fact that we need cash or credit cards to purchase items such as food, clothing, and to buy gas. Also, when you are out shopping and discover that you have used all the cash in your possession, it is then that you realize that the advantage of having a credit card. Furthermore, with cash, you are restricted to the amount in your wallet or purse; however, a credit card allows you to pay for your purchase at a later date. Both cash and credit cards can be useful when you manage them wisely. While cash and credit cards are similar in that they both are readily accessible, used for goods and services at the time of purchase, they are dissimilar because of theft, high- interest rates, identity theft.

Visa Inc. (VN) operates the world’s largest retail electronic payments network and manages the world’s most recognized global financial services brand. Visa has more branded credit and debit cards in circulation, more transactions and greater total volume than any of their competitors. They facilitate global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities. They provide financial institutions, their primary customers, with product platforms encompassing consumer credit, debit, prepaid and commercial payments. Visa Net, their secure, centralized, global processing platform, enables them to provide financial institutions and

Electronic cash is a term becoming more acceptable as the world makes a shift towards a cashless society. Since the 1960’s governments and financial institutions have made steady but slow steps towards the goal of a society without cash. The cashless society is being sold as a more convenient method of payment, and a method of preventing crimes all the way from the robbery of cash from an individual to the extent of money laundering among crime syndicates.