Law360 reports:
Neiman Marcus has agreed to pay
$1.6 million to resolve a data breach class action in Illinois federal court
over a December 2013 cyber
intrusion that revealed the credit card data of 350,000 shoppers of the luxury
retailer, according to a court document filed Friday.
Read more on Law360
if you have a subscription. If you don’t
have a subscription, don’t worry – I imagine other news outlets will also cover
the settlement.
Past coverage of the breach and litigation on this site
are linked from here.
The case may best be remembered for the
Seventh Circuit’s reversal of the district court’s dismissal of the lawsuit for
lack of standing. Following that someone
stunning reversal, the retailer failed to get the appeal reheard en banc,
and then suffered a second loss back in district court when it also failed to
get the case dismissed for failure to demonstrate negligence on their part.
I doubt most lawyers would have suggested that the
retailer settle the suit when it was first filed, as most of these lawsuits
that do not allege concrete injury actually did/do get dismissed for lack of
standing. So Neiman Marcus chose not to
settle at the outset, and... I wonder
how much this litigation has cost them by now? And what’s the value of the bad press of
keeping their name in headlines associated with customer complaints? With the benefit of hindsight, would they fight
this all again?
Interesting from several perspectives. Does hacking the website make stealing the
credit card information they are processing on another system easier?
Brian Krebs reports:
For the second time in the past
nine months, Google has inadvertently but nonetheless correctly helped to
identify the source of a large credit card breach — by assigning a “This site
may be hacked” warning beneath the search results for the Web site of a
victimized merchant.
A little over a month ago,
KrebsOnSecurity was contacted by multiple financial institutions whose
anti-fraud teams were trying to trace the source of a great deal of fraud on
cards that were all used at a handful of high-end restaurants around the
country.
Two of those fraud teams shared a
list of restaurants that all affected cardholders had visited recently. A bit of searching online showed that nearly
all of those establishments were run by Select Restaurants Inc., a Cleveland, Ohio company that owns a
number of well-known eateries nationwide, including Boston’s Top of the Hub;
Parker’s Lighthouse in Long Beach, Calif.; the Rusty Scupper in Baltimore, Md.;
Parkers Blue Ash Tavern in Cincinnati, Ohio; Parkers’ Restaurant & Bar in
Downers Grove, Illinois; Winberie’s Restaurant & Bar with locations in Oak
Park, Illinois and Princeton and Summit, New Jersey; and Black Powder Tavern in
Valley Forge, PA.
[…]
the breach involving Select
Restaurant locations mentioned above appears to have been the result of an
intrusion at the company’s POS vendor — Geneva, Ill. Based 24×7
Hospitality Technology. 24×7 handles
credit and debit card transactions for thousands of hotels and restaurants,
including more than 200 Buffalo Wild Wings franchises
nationwide.
Read more on KrebsonSecurity.com.
[From the
article:
From my perspective, organized crime gangs have so
completely overrun the hospitality and restaurant point-of-sale systems here in
the United States that I just assume my card may very well be compromised
whenever I use it at a restaurant or hotel bar/eatery. I’ve received no fewer than three new credit
cards over the past year, and I’d wager that in at least one of those cases I
happened to have used the card at multiple merchants whose POS systems were
hacked at the same time.
I think I have detected a trend.
(Related).
I read this as proof that Japan is taking North Korea
seriously. Somehow, I doubt North Korea
see it the same way.
Japan holds first-ever evacuation drill simulating North
Korean missile strike into waters nearby
Amid a growing missile threat from North Korea, the
northern city of Oga, Akita Prefecture, held Japan’s first-ever evacuation
drill for local residents, gaming out a scenario in which Pyongyang lobs a
ballistic missile into the waters nearby.
Perspective.
Raspberry Pi Surges To 3rd Best Selling Computer Of All Time
Surpassing The Commodore 64
… It must be
noted, however, that this is kind of an odd comparison to make. During its heyday, the Commodore 64 cost a
heck of a lot more than the $40 (or
less) purchase price of today's RPis. In that regard, it makes perfect sense that a
capable little all-in-one motherboard would sell far more units than a $600+ PC
from 35 years ago. But the fact that RPi
sold 12.5 million boards in 5 years is still downright impressive.
No comments:
Post a Comment