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In 1997, UK retail giant Tesco launched a bank. "Our vision is to be the bank for people who shop at Tesco," stated Benny Higgins, the bank's CEO.
While Tesco Bank's two-decades long history means it's an elder compared to upstarts like Monzo, which led a record-breaking £1m crowdfunding campaign earlier this year, Tesco Bank has only offered current accounts since 2014, putting it in the growing category of upstarts targeting high street banks.
Fast food giant Burger King experienced a social media meltdown earlier this week, as the brand’s Twitter feed was hacked, its profile picture and name changed to that of industry rival McDonalds, and a series of unusual tweets were fired out to the brand’s followers.
Things first went amiss around noon EST, and followers were treated to over an hour of links to YouTube videos, pictures of dirty kitchens, tweets about percolate and a few reminders that comms managers can’t afford to take public holidays off...
It's no surprise that companies on the consumer internet are collecting a lot of information about their users -- with and without the permission of those users. And that means there are plenty of databases that make an attractive target for hackers.
Unfortunately for users, many of those databases aren't secured properly, and as we've seen time and time again, best practices for how certain pieces of information, such as passwords, are stored go unfollowed.
ASOS is targeted by hackers every hour, which poses a “very real threat” to the site’s security, the company's security officer Michelle Tolbay said yesterday.
Although the probes are generally quite unsophisticated, Tolbay says this is still a "major concern" for the clothing e-tailer.
Speaking at a NetBenefit event on compliance with the Payment Card Industry code, she said that more serious attacks are made once a week on average by hackers trying to steal credit card information.
Another day, another hack.
Recently, authorities in the United States uncovered a scam in which criminals stole millions of dollars by making small charges to stolen credit cards. The average charge ranged from as little as 25 cents to no more than $9, which explains why 94% of the victims never noticed the charges.
If complaints that surfaced this past weekend are any indication, scammers with a similar model have set their sights on one of the world's most popular service for buying digital content: iTunes/the App Store.
In the wake of the highly-publicized hack attack on Google and other large companies, which some are blaming on Internet Explorer, Germany and France have decided enough is enough. Both countries have warned their citizens that Internet Explorer is not safe and advised them to download alternative browsers.
Somewhat surprisingly, it appears that a good number of citizens are heeding the message. According to the Wall Street Journal, all indications are that the message is getting through. Mozilla, which is behind the Firefox browser, is reporting a "significant surge in downloads" in Germany since the German announcement. Numbers for France are not yet available.
Reports broke earlier in the week that Google might exit the Chinese market.
Yesterday, Google turned the matter into a political drama with its official explanation. In a post entitled "A new approach to China" on the Official Google Blog, Google's Chief Legal Officer David Drummond details why his company is considering leaving: it stumbled onto and was the victim of a "highly sophisticated and targeted attack" that resulted in the theft of intellectual property.
On the heels of a phishing scheme that lured unsuspecting Twitter users to a website that was designed to steal their passwords, the Twitter accounts of well-known individuals, including United States President-Elect Barack Obama, have been compromised.
TechCrunch's Michael Arrington and others noticed unusual tweets on the official accounts of the United States President-Elect, CNN's Rick Sanchez, FOX News' Bill O'Reilly and Britney Spears. Companies such as Facebook and The Huffington Post have seen their official Twitter accounts compromised as well.