Alto Global Processing: Target Breach Widens, Neiman Marcus Also Admits to Attack by CardNotPresent.com

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On Friday, Target disclosed that the security breach it originally said exposed the payment-card information of up to 40 million U.S. consumers, may end up affecting more than 70 million. The retailing giant acknowledged on Friday that, in the course of its investigation of the original breach, the company uncovered 70 million accounts where names, mailing addresses, phone numbers and emails were compromised. The company acknowledged that overlap between the two breaches—that is some customers whose credit-card numbers were stolen also had their names, emails and other information hacked as well—was “likely.”

And, this weekend, Dallas-based luxury department store Neiman Marcus also admitted it had been hacked during the holiday season. In a statement, the company said it had been informed by its processor in mid-December of “unauthorized payment card activity.” The retailer has not disclosed any guesses on the size of the breach and has enlisted both the U.S. Secret Service and a third-party forensics firm to investigate.

A Reuters report yesterday suggested three breaches that hit “well-known” but unnamed retailers earlier in the year were tests for hackers for the big holiday breaches. Sources told Reuters the techniques used in the smaller attacks were similar to the ones that hit Target and Neiman Marcus. The sources suspect the attacks were carried out by the same criminals but cannot be sure.

Please visit CardNotPresent.com for more news

For more information on this please feel free to contact Luca Bizzotto, CEO of Alto Global Processing Please visit Alto Global Processing
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Alto Global Processing: Datacard Group acquires Entrust Inc.

Datacard Group, a provider of secure identification and card personalisation solutions, has acquired Entrust, a provider of secure digital identities and information and a Thoma Bravo LLC portfolio company. Image

The acquisition builds on the strengths of each company to enable its customers and partners to deliver better services in highly connected environments.

“We are pleased to announce the proposed combination of two market pioneers with one ambitious goal – helping our customers and partners reduce complexity while strengthening trust,” said Todd Wilkinson, president and CEO of Datacard Group.“Connectivity is redefining physical and digital boundaries. For our customers and partners, this means opportunity, but also significant complexity. For years the paths of our companies have intertwined as we served customers – often the same financial and government customers – from different points within the technology spectrum. Those paths now converge to bring powerful new innovations in secure identity to enable trust while reducing complexity in deployment, management, and use.”

“Entrust is firmly established as a leader in identity-based security. We take this position very seriously, and because of that it was important that we find the right partner,” said Bill Conner, president and CEO of Entrust. “As a result of our deliberate shift to a SaaS-based business model, a significant portion of Entrust’s revenue is recurring, positioning it well for growth. I’m confident both Entrust and Datacard customers will realize value from our companies’ combined expertise. Simply put – this is a win-win scenario.”

 Source: http://www.paymenteye.com/2014/01/06/datacard_group_acquires_entrust_inc/#.UsrNpWRDtLo

For more information on this please feel free to contact Luca Bizzotto, CEO of Alto Global Processing Please visit Alto Global Processing
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