Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on Twitter • Be a Facebook Fan • Tumble us!

01 May 2011 16:04

tags

Biz: PlayStation Network breach could cost credit card firms millions

  • $1.5B the amount the PlayStation Network data breach could cost Sony, according to analysts
  • $300M the amount Sony’s data breach could cost credit card firms if consumers replace their cards
  • $3-$5 the amount it would cost card companies to replace a card affected by the breach source
  • » A big number, but small potatoes: The credit card industry makes a lot of money each year, and a $300 million charge, while not insignificant, is a drop in the bucket. In 2010, banks that distributed Visa and MasterCard cards — excluding American Express and Discover — made $2.12 billion in after-tax profit. So even if the potential cost is high, they could handle it.
Posted by Ernie Smith • 0 Comments • Permalink

29 Apr 2011 01:24

tags

Tech: Security experts: Hackers tried to sell credit card database to Sony

  • 2.2 million the number of stolen credit card numbers security researchers say the PlayStation Network hackers made off with — based on conversations in underground forums
  • $100,000 the amount they’re looking to make off their bounty — which they even attempted to SELL BACK to Sony, though they reportedly ignored this naked attempt at ransom source
  • » Sony denies the claim: “To my knowledge there is no truth to the report that Sony was offered an opportunity to purchase the list,” said top Sony communications guy Patrick Seybold. Consultants for Trend Micro and iSEC Partners, along with other researchers who keep a close eye on these forums, suggest otherwise. So, who’s right? Hopefully it’s Sony.
Posted by Ernie Smith • 0 Comments • Permalink

26 Apr 2011 22:00

tags

Tech: Sony’s bad news: The data breach that killed PlayStation’s cred

  • 75M number of users Sony’s PlayStation Network has; until now, they were just upset they couldn’t play
  • six number of days it took Sony to reveal that users’ data was likely ganked by a hacker
  • one number of weeks Sony expects the network to partially get back up to speed source
  • » Sen. Richard Blumenthal has your back, gamers: The Connecticut senator and former state attorney general wants Sony to eat the cost of protecting users’ identities. “PlayStation Network users should be provided with financial data security services,” he wrote in a letter, “including free access to credit reporting services, for two years, the costs of which should be borne by Sony.” Bro also wants Sony to get insurance to protect users from identity theft. To put it simply — Sony’s kind of screwed, guys.
Posted by Ernie Smith • 0 Comments • Permalink
 
<< newer 
top tags