Rippleshot Blog

In this week's issue: various Dark Net sites are selling thousands of Uber passwords, the U.S. Justice Department wants power to fight U.S. card fraud abroad, business communications app Slack suffers a data breach, President Obama declares cyberattacks a national emergency and this week we're proud to introduce our latest white paper on EMV adoption in the U.S.

On March 26, Rippleshot and two other innovative companies competed for the Merchant Risk Council's annual 2015 MRC Emerging Technology Awards (METAwards).

In this week's issue: live streaming website Twitch experiences a data breach, a national data security breach bill moves one step forward, a Hilton HHonors security flaw exposed all of its users' accounts, nearly seven in ten U.S. patients would avoid healthcare providers that suffer a data breach and in this week's Rippleshot blog post, we take a look at data breach fatigue and its impact on consumers. 

Over the past few years, data breaches have pounded the payments industry.  Target’s 40-million credit and debit card data breach washed away their C-suite, billions of their market capitalization, and hundreds of millions of profit in lost sales and imposed fines. The list of catastrophic data breaches continues to grow as Issuers struggle with a rising tide of fraud losses, merchants faced with a public breach are most often swept under within six months. Consumers, faced with reissued card after reissued card feel lost at sea, distrustful of the whole system.

In this week's issue: another health care provider has suffered a data breach, Target is looking to settle its 2013 data breach lawsuit, a recent Verizon report indicated that nearly half of all American consumers have been affected by a data breach, Uber discloses information regarding its driver-related data breach and in this week's Rippleshot blog post, we take a look at the fraudulent spending related to cards used on Apple Pay.

Rippleshot, a fraud protection company, was selected out of 850 startup applicants by key anchor partners including CapitalOne, CitiBank/Citi Ventures, and USAA to participate in Plug and Play’s 12 week FinTech accelerator program.

In this week's issue: the University of Chicago suffers a data breach affecting students, current and former employees, a point-of-sale vendor probes a potential data breach affecting its customers, a campaign is pushing card issuing banks to promote Chip and PIN and in the latest Rippleshot blog post, we pull 10 more data breach statistics that you need to see.

In this week's issue: a data breach was announced affecting Mandarin Hotels, MasterCard backs Samsung Pay following the Mobile World Congress, several finanical institutions are starting to see a rise in fraud related to Apple Pay, a Canadian ISP suffers a data breach and in the latest Rippleshot blog post, we dive into the New York State Department of Financial Services latest report on cyber security in the insurance sector.

Many have called 2014 “the year of the data breach,” which saw breaches affect retail organizations including Target, Home Depot, P.F. Chang’s and UPS. These data breaches combined for over 220 million exposed records in a period of just over 15 months. However, cyber criminals may have their sights set on a much more lucrative and untapped industry in 2015, insurance and health care providers.

In this week's issue: the Anthem data breach could affect 8.8 million non-customers, Target lists its data breach costs at $162 million for 2013-14, Gemalto investigates the claims that government agencies hacked its SIM card encryption keys, Google plans to launch its new mobile payment API and in the latest Rippleshot blog post, we take a look at President Obama's Executive Order on cybersecurity.

In this week's issue: a recent Kaspersky Lab report indicates that a group of hackers may have stolen upwards of $1 billion from banks across the globe, the costs of fraud have spiked costing retailers $32 billion in 2014, Samsung is poised to introduce its new Apple Pay competitor, and in the latest Rippleshot blog post we take a look at 10 data breach statistics that you need to know.

In this week's issue: the first lawsuits have been filed following the Anthem data breach, a new study indicates that more than 30 percent of big merchants are not PCI compliant, the year of 2014 saw over 1 billion records compromised by data breaches, retailers rank payment security as a top concern in 2015 and in the most recent Rippleshot blog post, we take a look at the most common data security misconceptions plaguing the payments industry.

We’re in the midst of a dark time for the payments industry. In 2013, Target lost 40 million payment cards, which started a snowball effect of large scale data breaches that have affected The Home Depot, P.F. Chang’s and Sony Pictures. And sadly, we here at Rippleshot are beginning to see the subtle indicators of more massive data breaches that have yet to be discovered and publicly announced. And there are hundreds of smaller data breaches that will go undetected for months, even years.

In this week's issue: a massive healthcare data breach could affect as many as 80 million Americans, the same hackers that attacked Target breach another parking service provider, Target announces its new CIO to lead the company, the recent Sony hack will cost the company over $35 million in IT costs alone and the Rippleshot team takes a look at the current lawsuits against Target following their 2013 data breach.

In this week's issue: a U.S. District Court ruled in favor of breached merchant Schnucks, Samsung is set to debut their mobile payment platform, an exploit found in the Mariott hotel's app may have exposed the personal data of its customers, an Albany-based Health System is notifying over 5,000 patients of a data breach, and Rippleshot summarizes Tuesday's U.S. House Subcommittee hearing on data breach legislation.