Category Archives: mastercard

Wawa Breach May Have Compromised More Than 30 Million Payment Cards

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In late December 2019, fuel and convenience store chain Wawa Inc. said a nine-month-long breach of its payment card processing systems may have led to the theft of card data from customers who visited any of its 850 locations nationwide. Now, fraud experts say the first batch of card data stolen from Wawa customers is being sold at one of the underground’s most popular crime shops, which claims to have 30 million records to peddle from a new nationwide breach. Continue reading Wawa Breach May Have Compromised More Than 30 Million Payment Cards→

Mastercard and The Rockefeller Foundation unveil new platform for data science partnerships

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The Mastercard Center for Inclusive Growth and The Rockefeller Foundation announced data.org as a platform for partnerships that will continue to build the field of data science for social impact. This is the next chapter of a $50 million commitment Ma… Continue reading Mastercard and The Rockefeller Foundation unveil new platform for data science partnerships→

RiskRecon joins with Mastercard to help customers achieve good third-party risk outcomes

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RiskRecon, the world’s leading platform for easily understanding and acting on third-party cyber risk, and now a Mastercard company, announces its continued commitment to enabling the success of its customers in achieving good third-party risk outcomes… Continue reading RiskRecon joins with Mastercard to help customers achieve good third-party risk outcomes→

Mastercard jumps into the risk-assessment race with RiskRecon acquisition

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Mastercard is getting into the security assessment business. The credit giant announced Monday it has agreed to acquire RiskRecon, a Salt Lake City-based startup that grades companies based on their ability to withstand cyberattacks and protect personally identifiable information. The companies did not disclose the terms of the deal. RiskRecon is one of several firms that collect publicly available data — such as what kind of web servers companies use and whether their protected information turns up on the dark web — to make cybersecurity assessments. Mastercard has an obvious financial interest in understanding which companies are more likely to be breached. CEO Ajay Banga has pushed for awareness that most data breaches start at small and medium-sized businesses (SMBs) and then spread to larger ones. Banga is a member of the Cyber Readiness Institute, a Washington nonprofit that distributes cybersecurity advice to SMBs. “Mastercard has been one of the brands that has stood out as a true innovator, focusing on the real problems of real business,” RiskRecon co-founder Kelly […]

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Takeaways from the $566M BriansClub Breach

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Reporting on the exposure of some 26 million stolen credit cards leaked from a top underground cybercrime store highlighted some persistent and hard truths. Most notably, that the world’s largest financial institutions tend to have a much better idea of which merchants and bank cards have been breached than do the thousands of smaller banks and credit unions across the United States. Also, a great deal of cybercrime seems to be perpetrated by a relatively small number of people. Continue reading Takeaways from the $566M BriansClub Breach→

American Express, Discover, Mastercard and Visa launch faster and more secure online checkout

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American Express, Discover, Mastercard and Visa announced the arrival of faster, more secure online checkout based on the new EMV Secure Remote Commerce (SRC) industry standard, establishing a simplified way for card payments to be made across web and … Continue reading American Express, Discover, Mastercard and Visa launch faster and more secure online checkout→

Facebook’s Libra cryptocurrency loses all but one payment company

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Gone: Mastercard, Visa, PayPal, eBay, Stripe, Mercado Pago. Of six payments firms first involved in Libra, just one, PayU, remains. Continue reading Facebook’s Libra cryptocurrency loses all but one payment company→

Microsoft, Hewlett Foundation preparing to launch nonprofit that calls out cyberattacks

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Microsoft and the Hewlett Foundation are preparing to launch a nonprofit organization dedicated to exposing the details of harmful cyberattacks and providing assistance to victims in an effort to highlight their costs, CyberScoop has learned. Known to its organizers as the “Cyber Peace Institute,” the nonprofit is expected to debut in the coming weeks, according to multiple sources who have discussed it with the organizers. The institute aims to investigate and provide analytical information on large-scale attacks against civilian targets, assess the costs of these attacks and give security tools to both individuals and organizations that will help them become more resilient, according to a description of the nonprofit provided during a session at the 2019 B-Sides Las Vegas cybersecurity conference. “We have a shared global responsibility to prevent the Internet from becoming ‘weaponized’ by increasing attacks by criminal groups and state actors alike,” the description reads. “We already have global organizations to tackle […]

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