Rippleshot Blog

It’s been nearly one full year since Target lost 40 million bank cards to hackers, and credit card breaches continue to plague the financial industry. At FinovateSpring, Rippleshot debuted its comprehensive set of tools for large issuers to combat data breaches, but this fall the team set its eyes on designing a tool specifically for regional banks and credit unions - Rippleshot Community.

Get caught up with latest news regarding data breaches for the week of September 22nd.

On September 9, Apple announced that they will start incorporating Apple Pay into their mobile devices. Apple and members of the media claim that Apple Pay could potentially put an end to the data breaches involving point-of-sale (POS) systems. We take a deeper look into Apple’s new payment service, to see if consumer are truly as a safe as the tech company claims to be. 

Get caught up with latest news regarding data breaches for the week of the September 8.

Get caught up with latest news regarding data breaches for the week of the September 1.

On July 16th, the MWAA hostedthe 4th annual Shark Attack Innovation competition at their annual MWAA conference in Lombard, IL. This year’s contestants included Textel, VisitBasis, DMI and Rippleshot. Rippleshot, a cloud-based big-data analytics software company that detects databreaches faster by monitoring merchants and the payment network, was announced as the winner of the MWAA 2014 Shark Attack Innovation competition. The program included a 10 minute presentation, followed by Q&A from the Shark Attack panel of judges. Judges rated the finalists on the following criteria:

Update 1: In a Brian Krebs exclusive, sources informed Brian Krebs that in a conference call with several financial institutions, MasterCard shared several updates regarding the Home Depot data breach. According to Krebs' sources, MasterCard told affected banks that the card brand believes that only self-checkout terminals were affected in the breach. At the time of writing, Home Depot neither confirmed nor denied this report as the investigation is still underway.

Get caught up with latest news regarding data breaches for the week of the August 25.

On July 31, the Department of Homeland Security, along with the National Cybersecurity and Communications Integration Center, the Secret Service, issued an alert, warning retailers across the United States of a new strain of malware dubbed "Backoff" and the devastating effects it can have if cybercriminals gain unauthorized access via this malicious software. As far as security experts know, the malicious software that played a part in the data breaches at Target, Supervalu, UPS stores, and recently Kmart has also affected over 1,000 American businesses.

We've put together the latest data breach news for the week of August 18, 2014:

On June 13th, 2014, P.F. Chang’s China Bistro reported that there had been a breach involving customer’s credit and debit card information. The restaurant chain learned about the breach on Tuesday June 10th, 2014, and investigated the issue with the help of the United States Secret Service and third-party forensics experts.

On July 16th, the MWAA hostedthe 4th annual Shark Attack Innovation competition at their annual MWAA conference in Lombard, IL. This year’s contestants included Textel, VisitBasis, DMI and Rippleshot. Rippleshot, a cloud-based big-data analytics software company that detects databreaches faster by monitoring merchants and the payment network, was announced as the winner of the MWAA 2014 Shark Attack Innovation competition. The program included a 10 minute presentation, followed by Q&A from the Shark Attack panel of judges. Judges rated the finalists on the following criteria:

Today, United Parcel Service Inc. (UPS) said a breach of its computer systems occurred, potentially exposing customers’ personal and payment data across the United States. A spokeswoman for UPS, Chelsea Lee, said that the company found malware at 51 locations in 24 states and that the company began investigations into its computer systems on July 31st.

Update: BankInfoSecurity.com is reporting that a class action lawsuit has been filed against the Supervalu supermarket chain following the latest details of the supermarket's data breach.

eBay is set to report its second-quarter results on July 16th. For the year eBay’s share price is down almost 7% and Youssef Squali of Cantor Fitzgerald has said, the company’s results will likely be “tainted” by the effects of the data breach which was announced in late May. Until eBay’s earnings report is released to the public, it will be difficult to quantify the impact of this massive data breach and the role its played in the “largest online retailer data breach in 2014.”