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Cyber insurance in focus as Dixons Carphone breached

I post this as an example of the ‘Aberdeenshire business owner wins presidential election‘ style of press release. The point that the poster is trying to make is about the lack of cyber risk cover in Ireland. It’s a non-sequitur to conflate this with the Dixons Carphone breach, but not unusual…:

[…]

Dixons Carphone became the victim of a major cyber attack for the second time in three years after discovering unauthorised access to its payment card data.

Shares in Dixons Carphone, which issued a profit warning last month, fell more than 6%, taking year-on-year losses to 37%.

“We have taken action to close off this access and have no evidence it is continuing. We have no evidence to date of any fraudulent use of the data as result of these incidents,” the company said.

It said an investigation, which started last week, indicated there was an attempt, going back to July last year, to compromise data on 5.9m credit cards in one of the processing systems of Currys, PC World and Dixons Travel stores.

It said 5.8m of these cards had chip and pin protection and the data accessed contained neither pin codes, card verification values, nor any authentication data that would enable cardholder identification or purchases to be made.

However, it said 105,000 non-EU issued payment cards which do not have chip and pin protection had been compromised.

Original article here

Peter Glock
Over 30 years of designing, building and managing telecoms and IT services. Primarily working with large enterprise and professional services businesses in Asia, North America, continental Europe and the UK. Information security professional, secret physics nerd.
https://brownglock.com

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