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Author Topic: Visa and Mastercard data hacked at several banks, 50GB stolen by hacker  (Read 1700 times)
flatfly
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June 19, 2012, 11:52:09 AM
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Just days ago, I was telling a friend that most banks actually have VERY poor security, and he didn't believe me...

http://www.techweekeurope.co.uk/news/50-gb-of-credit-card-details-83248

Hard to say what the implications of this hack are, because not much information is available yet, but, if this is real, I imagine it's going to cost a lot to banks, both financially and in terms of reputation. Which could be good news for Bitcoin... Smiley  

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vampire
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June 19, 2012, 11:55:35 AM
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Just days ago, I was telling a friend that most banks actually have VERY poor security, and he didn't believe me...

http://www.techweekeurope.co.uk/news/50-gb-of-credit-card-details-83248

Actually there is no proof that banks were hacked. The data could have come from anywhere that accept visa/mc but not Amex. Which is like most of the world?

Your friend is right.
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June 19, 2012, 12:38:58 PM
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even if you get hands on those data it will be a long way before you can decrypt the data ( in case you are lucky). mysql it's a hard business  Wink

flatfly
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June 19, 2012, 12:51:37 PM
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Just days ago, I was telling a friend that most banks actually have VERY poor security, and he didn't believe me...

http://www.techweekeurope.co.uk/news/50-gb-of-credit-card-details-83248

Quote
Your friend is right.

Really? Do you know how many banks (especially in the US) still only use 8-character-max passwords and no 2-factor authentication for their online banking? Yes, in 2012...  And that's just to take ONE example.

Besides, you won't often get "proof" of a bank hack. That's not the kind of thing banks like to confirm/advertise.

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June 19, 2012, 12:59:02 PM
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banks have strict rules to have this dates encrypted and stored in a secure way. if the protocol is not follow they can't get any insurance for the lost etc

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June 19, 2012, 01:47:11 PM
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Just days ago, I was telling a friend that most banks actually have VERY poor security, and he didn't believe me...

http://www.techweekeurope.co.uk/news/50-gb-of-credit-card-details-83248

Quote
Your friend is right.

Really? Do you know how many banks (especially in the US) still only use 8-character-max passwords and no 2-factor authentication for their online banking? Yes, in 2012...  And that's just to take ONE example.

Besides, you won't often get "proof" of a bank hack. That's not the kind of thing banks like to confirm/advertise.

You showed zero proof, your so called hacker grabbed the file of some Arabic forums. Last time someone copied my cc at a grocery store, the transaction was immediately stopped and card locked.

This data came most likely from an online store.
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