This content was created by Robert Siciliano. This content was uploaded by Robert Siciliano. This is a YouTube video titled "Protecting your credit card when shopping" — a Fox News news segment (Dec 26, 2013) featuring reporter Brenda Buttner with security expert Robert Siciliano and an additional unnamed speaker. The segment covers a major Target data breach (compromised names, card numbers, expiration dates, CVVs), offers advice to monitor and report unauthorized charges, explains how organized cybercriminals exploit payment data, and discusses trends toward mobile/e-wallet payment methods. The piece references prior breaches (e.g., TJ Maxx 2007) and closes with Brenda Buttner reporting from New York.
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Millions of Target shoppers' personal data at risk following a massive data breach starting around Black Friday. The chain says customer information including names, card numbers, expiration dates, and security codes may have been compromised. Target says the problem has been fixed, releasing a statement saying, "We have moved swiftly to address this issue so guests can shop with confidence." We regret any inconvenience this may cause. Security experts believe data hackings like this one occur in the credit card processing software.
A lot of the breaches that have occurred are done by organized web mobs that function here in the US and are scattered throughout the world. They are technologists, criminal hackers that understand the mechanics of all— of how all this stuff works. Often they might need somebody on the inside here to make things happen, But in general, they can function on the web from all over the world. Watch those credit card statements and report any discrepancies immediately. When bad guys get access to this type of information, they know the clock's ticking, that that data eventually might be useless once it's discovered and the card numbers are canceled. So they'll make charges, they'll make unauthorized credit card transactions over the phone, in person, they'll clone cards, and they'll rack up as many dollars as they possibly can. So check your statements as quickly as possible and refute unauthorized charges.
As the mobile phone shopping trend grows, so could your security.
We are certainly seeing, seeing an evolution in, in the payment processing and transactions that we see not only in-store but online. I think we're gonna see a dematerialization of credit cards into the phone, right? E-walleting capabilities to where QR codes where you can scan like at Starbucks to pay for your latte or specific one-time password codes that authorize you and your identity to carry out a payment is going to be the way of the future.
This latest hacking is all too common, unfortunately. A 2007 security breach at TJ Maxx resulted in the theft of card numbers and personal data for roughly 90 million customers. In New York, Brenda Buttner, Fox News.
