Case Study: The Home Depot Data Breach Dinesh Somala A00146897
Summary
This case study is about the data breach that had taken place in the home depot in 2014
Where in 56 million payment cards were stolen and the issues related to the occurrence.
Nowadays, hacking systems which get the data from payment card in retail stores is a popular issue. The use of stolen third-party vendor credentials and RAM scraping malwares were the main reasons for the data breach. A brief introduction of when and how the Home Depot’s data breach took place and how the home depot reacted to the issue and rectified it by
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On the off chance that Home Depot had a defencelessness management program, performing monthly vulnerability scans of the POS environment; they could have utilized the consequences of those outputs to show leadership the significance of the gaps in that environment and possibly started to mitigate the risk of that environment before the breach occurred.
For an in-depth defence approach, case study provides a series of things that describe about what is working nowadays for a secure data.
1. Updating the POS devices to a current, supported operating system is a must.
2. Ensure you have up-to-date antivirus software with HIPS capability.
3. You need to have automatic updates activated on the POS devices.
4. You need to enable P2P encryption on the POS devices.
5. The thing that you will need to implement is the disabling of all unnecessary ports and services on the POS devices.
The networking-based countermeasures that need to be implemented are:
1. You need to segregate the POS network from your corporate network.
2. Once you have segregated the POS network, you need to apply rules on the networking device responsible for the
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As we can see now-a-days, there are many replacements to card payments such as MOBILE PAYMENT options like Apple and Samsung Pay. Recently, Apple has launched finger print (TOUCH ID) payment option in its new Mac-book Pro. Almost every application has its own wallet to pay. But still, as we know that technology is any day not secured. It might not be vulnerable today. But, we cannot predict its non-vulnerability because one day or the other, it becomes vulnerable to any type of attack.
There are many ways to prevent data breaches and the research is still going on how to prevent Data Breaches as we know that technology is always vulnerable. The most important prevention measures to Data Breaches are:
1) CONTENT FILTERING: Which is to verify downloads whether they are malicious and proceed to download. This is simple and will yield good
There are a number of smaller players but lack the public existence and retail footprint of their larger counterparts. With such high levels of market absorption, both HD and LOW enjoy high bargaining power with suppliers of goods. The two companies vary significantly in terms of the strategies they employ to compel consumer traffic. Home Depot centre of attention is customer service, while Lowe’s offers discounts to improve sales. Home Depot has determined on customer service as a driver to grow customer traffic and sales, Lowe has battled mainly on the basis of lower prices. Home Depot has a status for lesser prices and more pro-friendly impression where Lowe’s is trying to capture the traditional do-it-yourself customer by trying to appeal the female customer, who the company declares, is responsible for eighty percent of home improvement
The breach started through a contracting company called Fazio Mechanical Services, Inc. (FSM). FSM is a HVAC contractor “connected to Target’s systems to do electronic billing, contract submission, and project management.” (Goche & De Metz, 2014) The start of the data breach madness beg...
The Home Depot data breaches exposed volumes of credit/debit card data causing consumer misery and costly retailer complications. Reports have stated that the Home Depot breach began as early as the prior April, and continued for at least four
Roberts, Richard M. "Network Secrurity." Networking Fundamentals. 2nd ed. Tinley Park, IL: Goodheart-Willcox, 2005. 599-639. Print.
Privacy Rights Clearinghouse shows that there are forty-six states that have a data breach notice law in their books. These laws required that a company notify their customer or employees of a security breach right away. However, the problem with this law, it does not set a firm timeline, when a company must notify consumers. Some retailers use this to their advantage because the law is so vague. In some states, the law allows a delay in notifying the consumer at the request of law enforcement, FBI, and Treasury Department because they want to keep the incident under wraps until they can apprehend the criminals. In Target’s case, it is unclear wheater state compliance or the FBI investigation delayed Target from making a statement regarding the
3. The router rejects any application traffic originating from the inside unless it came from the application gateway.
1.0 Incident: The Arby’s fast-food chain recently experienced a data breach. The breach introduced malicious software that was similar to other recent point-of-sales malware, onto the company’s payment card systems at hundred of its corporate locations across the nation. Arby’s would not inform the public of how long the malware was thought to have been on their systems, however, it is estimated to transpire some time between October 25, 2016 and January 19, 2017. 2.0 Analysis: According to the Fast Food Chain Arby’s Acknowledges Breach article, the first clues about a possible breach at the fast-food chain came in a non-public alert delivered by the Payment Solutions for Credit Unions (PSCU), who obliges to over eight hundred credit unions.
getting compromised. This technology is going to extend beyond just Apple Pay; it will be a
...of security you really need. How important or confidential is your data? Do you have network connections with trading partners that have even more sensitive data? Implement security measures in proportion to your needs.
Over the last ten years people in the United State and around the world have heavily relied more on their debit or credit cards to process transactions of their purchases. In the old days it used to be when you would get your paycheck on Friday and rush to the bank during your break or lunch in order to cash withdraw your funds or deposit them into your account. It used to be where you carry cash to buy groceries, pay bills, and go shopping. Now some people don’t even set foot inside their bank branch because they are paid using direct deposit or the funds are loaded into a debit card provided by their employer. Many employers from around the globe don’t even issue paper check anymore.
In the article, “Hackers Devise Wireless Methods for Stealing ATM Users' PINs”, Robertson speaks on how the effects of ATM hacking has been the fastest way for criminals to receive cash. He speaks of how high tech criminals have become so familiar with ATM theft, to the point of embedding fake number pads and card readers into gas pumps in order to retrieve confidential information. Robertson also speaks more on how fraudsters even apply for jobs that deal with technical-support so that they can learn to access personal data and other important information. Robertson said that these fraudsters go after companies and individuals who use ATM machines. Robertson states that the U.S Secret Service estimated the annual losses of ATM skimming to be more than $1 billion in 2008. To sum it up, he says that they are taking advantage of wireless ATM’s and other card readers to get away with data theft.
...g numbers of identity theft cases, since the late nineties, have become a growing concern for the law enforcement agency and the community as a whole. Involving the public in this warfare calls for all organizations, banks included, to get tighter policies in place and protect the integrity and security of their customer’s data. This study will show whether or not the implemented policies in the local banks have helped reduce identity theft cases overall.
The use of credit and debit cards today are taking a tour in the sense that electronic cash is becoming more admissible as the world makes a switch towar...
A cashless society will further improve the globalisation that characterise our present time. The computerised systems can be used to decrease the quantity of paper trail therefore substituting paper cash with cashless credits or electronic money transfers. However, in a cashless economy, this will change with certain crimes almost eradicated. It will also be faster to generate electronic payments than cash as Near Field Communications (NFC) chips make their way into more payments cards and mobile handsets as well providing protection not applicable to purchases made using cash. This technology is simple with low power wireless link evolved from radio-frequency identification (RFID) tech that can transfer small amounts of data between two devices identifying us and our bank account to a computer. Another benefit of drawing nearer to a cashless society is that other companies are providing pioneering cash-free solutions to the payment related problems we come across. For example, WisePay, a provider of e-payments services, is deploying technologies that ensure parents no longer have to worry about sending their children to school with cash to pay for meals, excursions and other fees that will eliminate the likelihood of being caught short for cash or children misplacing money. The Government also has valuable explanations why they may deem to turn away from cash. Due the main factor of printing and distributing cash, not to mention ensuring the economy is free from forgeries which are all costly endeavours estimating that the cost to society of using cash is between 0.5 and 1.5% of GDP annually. In addition, there are many technological innovations that propose there is a real enthusiasm for an alternative to cash with the upsurge...
Digital money is undeniably convenient; anyone who has used a credit or debit card understands this. However, the era of digital money is only beginning; rapid technological advances will continue to make paper money a remnant of the past. Several innovations are already lessening the burden in your wallet. For instance, the seemingly innocuous mobile phone is actually playing an increasing role in facilitating monetary transactions, especially in Asia. Already, in Japan, large companies such as Coca-Cola have sanctioned vending machines that are not only compatible with common cell phones but also allow consumers to earn credits for using them (Kupetz). In this regard, the United States is strikingly behind the times when compared to other countries. Another new technology in the vein of mobile phones is no-contact cards. These innovative cards do not require a cashier to conduct a transaction; one simply holds a specia...