Sign up for our Technology Newsletter 
Web.com Latest Hacking Victim
Hackers gain unauthorized access to the computers of Internet services provider Web.com Group and stole credit card information of 93,000 customers.
According to a website set up by the company to share information about the incident, Web.com discovered the security breach on Aug. 13 as part of its ongoing security monitoring.
Attackers compromised credit card information for around 93,000 accounts, as well as the names and addresses associated with them. No other customer information like social security
numbers was affected, the company said.
According to the company, the verification codes for the exposed credit cards were not leaked. However, there are websites on the Internet that don’t require such codes for purchases.
Web.com has notified affected customers via email and will also follow up with letters sent through the U.S. Postal Service. Those users can sign up for a one-year free credit monitoring service.
The company did not specify how the intruders gained access to its systems, but has hired a “nationally recognized” IT security firm to conduct an investigation.
Web.com provides a variety of online services, including website and Facebook page design, e-commerce and marketing solutions, domain registration and Web hosting. The company claims to have over 3.3 million customers and owns two other well known Web services companies: Register.com and Network Solutions.
Register.com and Network Solutions customers were not impacted by this breach unless they also purchased services directly from Web.com.
Source-http://www.thegurureview.net/aroundnet-category/web-com-latest-victim-of-credit-card-hacking.html
Can The USPS Win At E-commerce?
January 8, 2015 by admin
Filed under Around The Net
Comments Off on Can The USPS Win At E-commerce?
Dealing with a decline in the mail it has been delivering since the days of America’s Revolutionary War, in 2012 the U.S. Postal Service began aggressively targeting e-commerce and lapsed customers as the way to salvage its slumping business.
“Really it started almost at the level of cold-calling, talking to people who really hadn’t spoken to us in a long time,” said Nagisa Manabe, who joined the USPS in May 2012 as chief marketing and sales officer from Coca-Cola Co after a career in the private sector. “And really trying to persuade them to consider us as a very viable alternative in the shipping market.”
With further drops in its traditional bread-and-butter products ahead, the USPS wants to capitalize on e-commerce, which consulting firm Detroit LLP has predicted should grow 14 percent this holiday season alone. But industry experts question whether the USPS has enough space in its delivery vans and whether its unionized work force can handle a greater proportion of the e-commerce market.
Over the past two years the USPS has rolled out real-time scanning for packages, a vital tool for online retailers and consumers alike to track their packages. It is also upgrading all of its delivery workers’ handheld scanners.
The rise of the Internet has taken a heavy toll on first-class mail, the USPS’s most profitable product. That falling business played a significant role in the USPS’s fiscal 2014 loss of $5.5 billion, its eighth consecutive year in the red.
From 2009 to 2013, the volume of first-class mail deliveries dropped more than 20 percent. In the fiscal year ending Sept. 30, USPS deliveries declined to 155.4 billion pieces from 158.2 billion. First-class deliveries accounted for 2.2 billion pieces of that decline.
But package deliveries rose to more than 4 billion pieces from 3.7 billion, accounting for $1.1 billion of the USPS’s revenue growth of $1.9 billion. In the run-up to Christmas, the USPS has been doing Sunday deliveries for Amazon.com Inc in a number of cities. Manabe adds that the agency will handle the online retailer’s push into same-day and next-day deliveries “in many markets.”
EBay Inc is another major customer and Manabe says “pretty much anyone who’s in the e-commerce space at least does some volume with us.”
ID Theft Projected To Cost $21B
August 16, 2012 by admin
Filed under Around The Net
Comments Off on ID Theft Projected To Cost $21B
A new audit of the Internal Revenue Service (IRS) has discovered that the agency paid refunds to criminals who filed fraudalent tax returns, in some cases on behalf of people who had died, according to the Treasury Inspector General for Tax Administration (TIGTA), which is part of the U.S. Treasury.
The IRS stands to lose as much as US$21 billion in revenue over the next five years due to identity theft, according to TIGTA’s audit, dated July 19 but publicized on Thursday.
TIGTA noted that the IRS did not agree with the $21 billion figure, but wrote that the figure does include estimated savings from new fraud control filters. Without new controls, TIGTA estimated losses of $26 billion.
Part of problem is that the IRS is not gathering enough data about fraud trends, such as how a return was filed, income information from W-2 forms, the amount of refunds and where those refunds were sent, TIGTA said.
“We found that $8.1 million in potentially fraudulent tax refunds involved tax returns filed from one of five addresses,” the audit said.
The IRS said it detected 938,664 fake tax returns during the 2011 processing year, which would have cost $6.5 billion. While TIGTA said the figure was “substantial,” it believes the IRS doesn’t know how many identity thieves are filing bogus returns and how much money is lost.
The IRS has implemented new fraud detection measures, but TIGTA found that institutional procedures were undermining those efforts. For example, taxpayers can begin filing returns in mid-January, but third parties that have information linked to those tax returns do not have to file until March 31.
The IRS is contacting some taxpayers to verify their identity. That simple measure stopped the issuance of $1.3 billion in potentially fraudulent tax returns as of April 19, TIGTA said.