Tagged credit card breach

InfoRisk Today on P.F. Chang’s Breach

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ImageInfoRiskToday (http://www.inforisktoday.co.uk/) has a great article out today, that highlights some of the key developments in the P.F. Chang’s breach.

While there are no indicators of card fraud yet, we’ll be monitoring closely for any activity. Easy Solutions’ Bryan Jardine also shares his insights within the piece, noting that “Often the valuation of a card decreases over time. It is more cost-effective for the fraudsters to get them on the market as quickly as possible. This is easy money for them.” For the full article, visit http://www.inforisktoday.co.uk/pf-changs-breach-6-key-developments-a-6961/op-1

Neiman Marcus breach – Extremely High Value cards hit black market

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ImageOn Jan 4th, we saw a dump of 2 Million cards onto the black market – one of the largest single day drops we’ve seen in a while. While we can’t definitively say what the source of the breach was, the percentage of Extremely High Value cards is significantly higher than we see on average. These are cards like the Amex Centurion card – an invite-only card that comes with a $7500 setup fee, and $2500 annual fee. While it is hard to determine from a single black market, this would indicate these could come from a high end source, such as Neiman Marcus.