Rippleshot Blog

In this week's issue: the IRS data hack appears to be linked back to Russia, North Dakota amends its state data breach law, six deadly data breach prevention sins for financial institutions, the average cost of a data breach rises to $3.8 million and we take a look at how many personal records have been exposed in 2015 due to data breaches.

With the halfway mark for 2015 quickly approaching, many consumers have reached a state of data breach fatigue. Nearly every week, a new story comes out where the personal and payment information of U.S. consumers has been compromised due to a data breach.

In this week's Data Breach Ripples, 20 percent of security professionasl have seen their company hide a data breach, a mobile spy software company suffers a data breach, the Chicago Public Schools district exposed the personal information of 4,000 students, the St. Louis Federal Reserve suffers a DNS breach and for this week's Rippleshot content, we recap ISMG's Chicago Fraud Summit and how issuers, merchants and card networks view the upcoming EMV shift. 

The Rippleshot team had the pleasure of attending ISMG’s Fraud Summit here in Chicago this week. Unsurprisingly, the topic on everyone’s minds and mentioned in almost every single panel was the impending shift to EMV in the coming months and how that will impact card security moving forward.

In this week's Data Breach Ripples, Chase plans to rollout EMV cards to its debit card users, cybercrime costs are expected to soar to 2 trillion by 2019, the personal data of over 70 million Americans was exposed due to data breaches in 2014, 91 percent of health industry companies surveyed have suffered at least one data breach and in this week's blog post, we take a look at how cybercriminals can steal your paymetn card data in everyday scenarios. 

We live in a day and age where cybercriminals and security professionals are in a constant battle of Cat and Mouse. Cybercriminals are creating and testing new attack methods at this very moment to test and compromise an organization’s systems. As security professionals, only one mistake has to be made for a security incident to occur, while cybercriminals only have to be right one time. And when cybercriminals are successful, we as consumers feel the repercussions as our personal and financial data is stolen and used for illegal activities.

In this week's issue: Sally Beauty appears to have suffered a second data breach in nearly a year, there is belief that widespread EMV adoption in the U.S. could be delayed until 2020, UC Berkeley suffered a data breach exposing current and former students, the Hard Rock Casino in Las Vegas suffered a data breach lasting over 7 months and for this week's Rippleshot blog post, we take a look at the pressure retailers and organizations face as the pressure to adopt new payment technology puts cardholder security at risk.

According to Ponemon Institute and Experian’s Data Security in the Evolving Payments Ecosystem study, nearly 70% of respondents cited that pressure to support new payment technologies is putting customer data security at risk.

In this week's issue: SendGrid suffers a data breach, Best Buy will begin accepting Apple Pay starting this year, Adobe Systems plans to settle its class action lawsuit, banks are losing up to $100k/hr due to improved DDoS attacks and for this week, we take a look into the expected increase in fraud once the U.S. makes the shift to EMV payment cards.

As the United States prepares for the migration to chip-embedded cards, known by many as EMV cards, we as consumers will face one last hurdle before card present fraud is reduced. In October of 2015, merchants and their point-of-sale terminals will have to be EMV compliant to process chip & signature transactions, prompting card issuers to begin aggressively issuing EMV cards.

In this week's issue: over 1,500 iOS apps are vulnerable to an eavesdropping exploit, data breaches have affected one in every four Americans, the Wall Street Journal takes an indepth look into how to protect one's corporate data, another POS vendor falls victim to a data breach, and in this week's Rippleshot blog post, we take a look at data breach prevention and data breach detection capabilities. 

Rippleshot, a fraud protection company, is excited to announce its partnership with St. Louis-based FinTech accelerator, SixThirty in its Spring 2015 Cohort.

We’ve all seen the articles by now. Ditch your network security provider. Forget about perimeter protection. Firewalls are useless. Data breach prevention is dead, and the only way to beat hackers is to turn to detection software instead.

Given that the number of data breaches involving 100 million or more records doubled in 2014, it’s understandable that the industry is frantically searching for the silver bullet that is going to fix this problem. The problem is, we don’t think there is one.

In this week's issue: Uber hires a new security officer from Facebook, financial institutions and retailers are skirmishing over the upcoming EMV deadline, UC Riverside suffers a data breach exposing the personal information of 8,000, AT&T is going to settle a data breach complaint by agreeing to pay $25 million and for the Rippleshot content of the week, we've put together a great infographic using Rippleshot research to determine the top five most compromised merchant categories in the U.S. 

Earlier this week, Verizon released their annual security report, 2015 Data Breach Investigations Report.  With the help of 70 organizations from around the world, the 2015 Data Breach Investigations Report (DBIR) provides unparalleled insight into the various threats and security incidents that have plagued organizations of all sizes.  We’ve put together some of the key takeaways from the DBIR to highlight some of the major trends ranging from attack methods to the latest data breach trends.