Clear linking rules are abided to meet reference reputability standards. Only authoritative sources like academic associations or journals are used for research references while creating the content. If there's a disagreement of interest behind a referenced study, the reader must always be informed. The popularity of Bitcoin is rising as more and more people are learning about it. However, it is still difficult to understand some ideas related to Bitcoin — Bitcoin mining is definitely one of them. What is Bitcoin mining? How does Bitcoin mining work?
Finally, the Alabama senate unanimously passed the Alabama Breach Notification Act, and the bill will now move to the house. With both Alabama and South Dakota recently introducing data breach notification legislation, every resident of the U.
Payment card breaches were back in the news again this week as Forever 21 announced that it is investigating a point-of-sale breach POS at some of its stores, and several other organizations issued breach announcements related to stolen payment card data.
In addition, organizations continue to submit breach notification letters to various state attorneys general regarding the previously disclosed breach involving Sabre Hospitality Solutions SynXis Central Reservations system, including The Whitehall Hotel and JRK Hotel Group , both of which were impacted from August 10, , through March 9, The Register also reported that Jewson Direct is notifying customers that their personal and payment card information may have been compromised due to the discovery of unauthorized code on its website.
The recent breaches, as well as other breaches such as Sonic, may have led to an increase in payment card fraud activity in the third quarter of Fraud activity is also expected to increase as consumers buy gift cards and other items over the holiday shopping season. Other trending cybercrime events from the week include:.
Federal prosecutors allege that Ronald L. AlphaBay had grown to become the largest-ever Dark Web marketplace before it, along with the popular Hansa Market, were taken offline by law enforcement this past summer. However, Dream Market other popular markets have been the target of DDoS attacks over the past few weeks, making the sites difficult to access for some users.
Those attacks can delay purchases beyond the already congested list of pending Bitcoin transactions , which is slowing down both legitimate and criminal transactions. Sonic said its payment card processor informed the company last week of unusual activity regarding cards used at its stores.
Fast food chains have been at the center of some of the most impactful and widely discussed payment card breaches over the past several years. An interesting breach announcement trend in is the attempt to obfuscate the total number of breached locations behind clunky websites that divide the affected locations into searches not just by state, but by city.
Payment card breaches were back in the news this week as both Chipotle and Kmart announced point-of-sale breaches affecting a number of locations. The Chipotle incident , which was first disclosed on April 25, appears to be the larger of the two breaches. The restaurants were affected by point-of-sale malware for various periods of time between March 24 and April There is also no evidence that kmart. TheShadowBrokers continued to make headlines over its new subscription exploit service this past week.
The group said it has not yet decided what will be in its first dump, although it previously teased that such dumps could include:. Earlier this month, in documents urging the judge to issue a lengthy sentence, the prosecution said Seleznev may have harmed more victims and caused more financial losses than any other defendant that ever appeared before the court:.
His criminal conduct spanned over a decade and he became one of the most revered point-of-sale hackers in the criminal underworld. He was not simply a market participant — he was a market maker whose automated vending sites and tutorials helped grow the market for stolen card data.
In total, the government was able to identify 2,, unique credit card numbers that Seleznev stole, possessed, or sold related to more than U. And — as the government pointed out — that is just the known losses. As we wrote when Seleznev was convicted on 38 of the 40 counts he faced last year, many of the organizations he targeted were small businesses, and the testimony of seven of those businesses were heard in the court case. Seleznev tended to target small businesses in the restaurant and hospitality industry, particularly if they had poor password security around their point-of-sale devices.
However, Seleznev went far beyond merely stealing payment card information, he also helped to develop and operate websites to market the stolen data and promote more individuals to get into payment card fraud. Secret Service tried and failed to coordinate his arrest, he had become a major provider of stolen credit card data, according to court documents.
In April , Seleznev was injured in a terrorist bombing in Marrakesh, Morocco, and hospitalized for several months. His co-conspirators ran the Track2 and Bulba websites in his absence until they closed up shop in January citing no new dumps to sell. Once again, Seleznev choose to return to cybercrime by innovating his operations.
The POS Dumps website contained four categories to teach amateurs how to successfully commit payment card fraud:. He monitored the U. The U. The judge agreed with the prosecution and sentenced Seleznev to 27 years in prison last Friday. Attorney Annette L. Seleznev has now learned, and others should take note — we are working closely with our law enforcement partners around the world to find, apprehend, and bring to justice those who use the internet to steal and destroy our peace of mind. Whether the victims are multi-national banks or small pizza joints, we are all victims when our day-to-day transactions result in millions of dollars ending up in the wrong hands.
Properties that had implemented SPS before September 29, were not affected. Many more properties implemented SPS after September 29, , and the implementation of SPS ended the ability of the malware to find payment card data and, therefore, cards used at these locations after SPS implementation were not affected. Unfortunately, for heavy travelers that means returning to the clumsy tool periodically and checking every city they stayed in over the affected period for new breach updates.
In addition to the wide-reaching POS breach that IHG announced this week, online retailers may also be at risk of potential payment card breaches due to an unpatched zero-day vulnerability in the Magento ecommerce platform. Security researchers at DefenseCode said they discovered the high-risk vulnerability during a security audit of Magento Community edition. DefenseCode did not examine the Magento Enterprise version, but a researcher told Threatpost that both versions share the same underlying vulnerable code.
The researcher also said that they have made repeated attempts to notify Magento of the issue since November , but it has yet to be patched. In an email to customers, Magento said it plans on addressing the vulnerability soon:. This vulnerability will be addressed in our next release targeted for early May. To turn on this feature:. Magento is used by approximately , online retailers, so the vulnerability is a cause for concern, particularly since it is now public and likely will not be patched for at least several weeks.
In addition, an attack could be carried out by targeting any Magento admin panel user. Two sources told Brian Krebs last week that an alert from a credit card processor indicated gamestop. The sources said that card numbers, expiration dates, names, addresses, and verification codes were stolen due to the breach. Gamestop also operates thousands of retail locations, but there is no indication that those have been affected.
A week after Krebs reported the Gamestop breach, confidential alerts from credit card associations stated that similar payment card data was stolen from the restaurant chain. Best American Hospitality Corp. The notification occurred on March 27, and customers who used a payment card at those business during various periods in February may have had their data compromised. Another case involved a DuPont employee who admitted to stealing data from DuPont in the months before he retired in order to bolster a consulting business he planned to run.
The man allegedly copied 20, files to his personal computer, including formulas, data, and customer information related to developments in flexographic printing plate technology. On the regulatory side, the FDA sent a letter to St. Jude may face further regulatory action, including potential fines. As a result, thousands of dark web sites were taken offline, and the stolen data has since been widely shared. Security researcher Troy Hunt , who reviewed some of the data, said that , email addresses were exposed along with a 2.
The hacker taking credit for the incident told Motherboard that the discovery of 10 sites hosting child pornography was the impetus for escalating the attack from read-only access to gaining system privileges, which was done using a step process. The other big news of late is the announcement of several new point-of-sale data breaches.
The past week saw the continuation of several stories highlighted in recent risk reports. At least twenty-four different campaigns are actively defacing WordPress sites. WordPress has an automatic update feature to protect against newly announced exploits being used by malicious actors, but a large number of websites appear to have disabled that feature and have not updated to version 4. As SurfWatch Labs continues to stress in blogs and articles , cyber threat intelligence clearly shows that the security threats are not as complex as some media and vendors make them out to be.
Another example of simple but effective attacks is the growing number of organizations publicly tied to W-2 related breaches. Two weeks ago we wrote that the W-2 breach count had rose to 24 organizations. By last Friday that number had risen to By Monday morning, it rose again to 48 — including school districts, colleges, healthcare organizations, manufacturers, payroll providers, restaurants, retailers and more.
But they are not complex. They rely on three simple and straightforward aspects all good impersonators utilize :. Many attacks that lead to data breaches are not sophisticated efforts carried out by actors using zero-day exploits; rather, they are opportunistic attacks leveraging public vulnerabilities and simple social engineering tactics. When it comes to managing cyber risk, ensure your organization can defend against these basic attacks before addressing more advanced — and often far less relevant — cyber threats.
But looking beyond those headline-grabbing stories, the data also reflects a surge in reports of stolen payment card information. On Wednesday, luggage and handbag company Vera Bradley announced a breach affecting retail stores. Law enforcement notified the company of a potential issue on September 15, and it was discovered that payment cards used at store locations between July 25, , and September 23, , may have been affected.
On Thursday, it was reported that Dutch developer Willem de Groot discovered skimming scripts on more than 6, online stores running vulnerable versions of the Magneto ecommerce platform. The active operation is adding 85 stores each day, and de Groot estimates that the number of stolen cards is in the hundreds of thousands. SurfWatch Labs industry risk scores remained fairly stable.
Nation-state hacking remains one of the most talked about cyber risks, and that discussion grew more intense as the U. On Friday, the U. That attack compromised government systems and led to the theft of sensitive documents, and after the attack officials estimated it would cost millions of dollars to plug the related security holes.
The report also said that the attacks demonstrate a willingness of actors to use disruptive and destructive measures when targeting organizations. A recent investigation linked the incident to the Russian hacking group APT 28 and revealed that the attack, which knocked 12 channels off the air, was designed to destroy the TV network. The attack turned out to be more sophisticated than initially reported, with the network first being infiltrated in January in order to conduct reconnaissance on the way TV5Monde broadcast TV signals.
Normal exchanges are the most commonly used method of exchanging your local currency into bitcoin usually with a bank account or debit card. An example of a normal exchange is Coinbase probably the biggest and arguably most well-known exchange in the world. Compared to the privacy and anonymity that normal exchanges may have, peer-to-peer exchanges require a bit more interaction between buyers and sellers.
The information that you might have to exchange can be a bitcoin wallet address, forum usernames, location, IP addresses, and can even involve a face-to-face meeting. Peer-to-peer exchanges are kind of like your local marketplace. It would be very troublesome for you to hope to randomly stumble across that person on a normal exchange because the chances of that happening are meager.
Instead of that method, you can initiate a peer-to-peer transaction with that person, and it should make your purchase A LOT easier. While Coinbase may be one of the biggest normal exchanges in the world, its counterparts, Paxful and LocalBitcoins , are the biggest peer-to-peer platforms in the world. No type of exchange is better than the other, but the preference of the user is what matters the most when it comes to choosing the type of exchange.
In this case: buying bitcoins with gift cards, peer-to-peer platforms are the ONLY way to go. The first step to buying bitcoins with gift cards is making an account on either Paxful or Localbitcoins. Creating an account on either of these is extremely easy. Paxful is a person-to-person marketplace that supports over payment methods.
Paxful, over recent years, has grown to be one of the biggest platforms in the world and they continue to grow. This can be attributed to the attention to detail they have in regards to user experience. Paxful offers over payment methods , allowing its users to buy and sell bitcoin easily.
As with any other peer-to-peer platform, Paxful struggles with filtering the scammers out of their platform. They pride themselves on having every payment method imaginable and providing anonymous options for people who want to keep to themselves.
When everything in your trade goes smoothly or you are dealing with an honest and decent trade partner , Localbitcoins is a fast way to buy bitcoin. Localbitcoins, like Paxful, is also susceptible to scammers as all peer-to-peer platforms are. In our opinion, Paxful is the way to go if you want to trade gift cards for bitcoins. The difference between the two peer-to-peer platforms is that Paxful has a better customer support system.
That is the key factor that Paxful has over Localbitcoins. With Localbitcoins on the other hand, people including myself have complained about both a laggy site and an unhelpful customer support team. Some people may have different opinions, but whoever is reading this should know that the key to choosing a platform is a preference. Choose whatever makes you feel more comfortable.
There are two parts to choosing the best offer: 1 being able to filter the scammers out and 2 selecting the best deals concerning pricing. The trick to minimizing risks depends on the platform you decide to trade on. The risks are something that every trader should be aware of. These risks include the code being ripped from your gift card and sellers being unresponsive. Each platform has different tips and tricks when it comes to minimizing these risks. For the actual deals themselves, you will ideally want to look for an offer where you can get more bitcoins with your currency.
After you have given the seller all the requirements and followed all of his or her instructions, wait for him or her to release the bitcoins from escrow both Paxful and Localbitcoins use an escrow system that protects buyers.
The process of buying bitcoin with gift cards can easily be reverse-engineered. Selling your bitcoins for gift cards is just as easy as the other way around. Giving clear offer terms and instructions are good ways to make your selling experience more comfortable and more efficient. Obviously, the process of selling bitcoins would be different for each platform so be sure to explore each platform carefully and see which process fits you more.
There are no additional fees for making a purchase with bitcoin with eGifter and you can also earn extra points when you buy gift cards with bitcoin. The best part is you can use your accrued eGifter points to pay for future gift cards.
A peer-to-peer platform is highly recommended for these trades, and although there are a bunch to choose from, Paxful and Localbitcoins are probably your best bets.
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On both Paxful and LocalBitcoins, you can buy or sell just about any Olive Garden Restaurant Gift Card · OneVanilla VISA/MasterCard Gift. Applebee's Restaurant Gift Card; Apple Store Gift Card; AstroPay Direct; AT&T Gift Card; Banana Republic Gift Card; Bancolombia Cash Deposit. American Express Gift Card. ANY Gift Card Code. ANY VISA MasterCard AmEx Gift Card. Apple Store Gift Card. Applebee's Restaurant Gift.