ftj258at February 28,2017 Its scary how easy it is and what an impact it leaves and how incognito the whole thing is. The video was short but very effective in conveying some real news. It is true that the difference between a physical robbery and a digital one is immense. But the fact that it was not in the news is even more concerning. It makes sense that the publicity would negatively affect their reputation, but it also is true that because they are not disclosing the information people remain oblivious to all these danger and as a result remain careless about their financial security. News likes these would encourage people to be more careful at using their credit card information and passwords. People may start using more gift cards instead of saving credit card information in an online shopping site like e-bay and amazon and the likes. More importantly they would be more careful in online banking. More people being careful mean less people being attacked. Because they are not in the headlines is why this incidents keep happening only bigger in impact the next time.
shubhraguptaat March 11,2017 This is an amazing video which shows how hacker can find a loophole even if how tightly secure the company is. This video also show the high-profile hacks of Target, Home Depot and also shows just how vulnerable smartphones can be to cyber-attacks. People keep their phone to them almost every second which make them easily accessible for security breach and identity theft etc.
jahmadat March 12,2017 This was an eye opener showing the damage attackers can cause on finances of an organization. We have a great example with the recent Target hack. Businesses much do a lot more now to protect all PI data. These type of breaches can damage a company's reputation permanently. This also makes you question how safe is your credit card data that gets transmitted over the web.
bschmid5at April 23,2017 This video was originally published on June 4, 2013 by the Smithsonian Channel and discusses the cyber crimes in the banking industry. The video discusses how Alberto Gonzalez, a Miami-based hacker, would hack into retail store Wi-Fi networks to steal credit card information which he later sold to Eastern European criminals. Unlike bank robberies of physical bank buildings which often only net thousands of dollars, cyber heists of banks are often involve millions of dollars and reporting them in the news would irreparably damage the reputation of those banking institutions should word of those breaches be made public. Unfortunately, this does nothing to assist the customers of those banks who are, at best, inconvenienced with having to be re-issued new credit cards and, at worst, have their entire lives turned upside down as a result of the theft. Consumer protections should be put into place to protect the customers. Unfortunately, Wall Street and the banking services industry have fought against such protections in order to avoid having to take responsibility for their poor network and consumer information security.
msharma6at April 26,2017 Now days credit card theft is being more and more popular amongst hackers because most of the transactions are done online. For hackers it's an easy way of getting the information and misusing it.