This week’s headline story: Home Depot suffers largest retail breach of credit cards
Home Depot has confirmed that a data breach has put about 56 million customer credit and debit cards at risk. That makes the breach, as some predicted, bigger than the Target incident that rocked the retail world earlier this year. Criminals used custom-built malware to evade detection — malware that had not previously been seen in other attacks. Home Depot has since eliminated the malware from its U.S. and Canadian networks and completed a payment security project that offers stronger data encryption called “chip and pin” technology. “We apologize to our customers for the inconvenience and anxiety this has caused, and want to reassure them that they will not be liable for fraudulent charges,” said Frank Blake, Chairman and CEO of Home Depot.
Home Depot Confirms Theft of 56M Credit, Debit Cards [NewsFactor]
in other tech news:
- Survey: Americans Want to Be ‘Forgotten,’ Too [NewsFactor]
Europe’s highest court ruled last spring that individuals had the right to ask that certain online data be deleted so that third parties could no longer trace them. A survey of 500 U.S. Internet users, found that almost two-thirds of U.S. citizens would like the same: the able to request that outdated or irrelevant information about them be removed from search results.
and in Information Security news this week..
- China Hacked Military Contractor Networks [NewsFactor]
A yearlong investigation conducted by the Senate Armed Services Committee has determined that China’s government is responsible for hacking into the computer networks of civilian transportation companies hired by the Pentagon at least nine times.
- New Apple devices include default kill switch [Reuters]
The new iOS8 provides a kill switch to render iPhones useless if stolen. It’s anticipated that many new phones will include this feature in efforts to combat cell phone theft.
- As in iOS 8, Android Data To Be Encrypted by Default [NewsFactor]
The next generation of Google’s Android operating system will have data encryption turned on by default. The move puts Google in the same company as Apple, which this week unveiled a new privacy strategy that makes it harder for anyone but an iPhone’s owner to access content on such devices. Default encryption for Android and iOS essentially takes Google and Apple out of the equation when it comes to law enforcement and government agencies’ efforts to access content on a person’s mobile device.
and in Tech Industry news…
- iPhone 6: Apple Confirms Record Pre-Orders And Big Supply Shortage [Forbes]
The iPhone 6 and the iPhone 6 Plus went on sale in stores Friday amid reports of lines stretching 10 blocks long at the Fifth Avenue Apple Store in New York. Apple announced “a record number of first day pre-orders” totaling 4 million units for the two models combined. It has also warned “many” customers will receive their iPhones late and stock for general sale will be limited.
- Alibaba IPO prices at top of range, raising $21.8 billion [Reuters]
China’s ecommerce giant, Alibaba, was priced its initial public offering at $68 a share. At that price, the IPO, one of the largest-ever, would give Alibaba a market valuation of $167.6 billion, surpassing American corporate icons from Walt Disney to Boeing. The offering puts Alibaba above U.S. e-commerce rivals like Amazon (AMZN.O) and eBay (EBAY.O) giving the company the financial power to expand in the United States and other markets. Alibaba is responsible for 80 percent of online sales in the world’s second largest economy.
- Logitech Rolls Out Home Automation Remotes [NewsFactor]
Logitech unveiled a new line of universal remotes for controlling home automation systems. Dubbed the Harmony Living Home lineup, the company is promising easy access and control over a library of both entertainment and home automation devices — all from one central control system. Harmony Living Home lets you use your remote, tablet or smartphone to control your TV, set-top box, speakers, lighting, thermostat, door locks, window shades and other devices. You can also combine multiple devices into “Activities” to turn on or off several devices at once.
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