Security flaws in mobile point-of-sale systems spell money trouble

Cheaper payment systems may cost businesses less, but they could've wound up costing customers more. That's the word from a pair of security researchers, who discovered that mobile payment systems had vulnerabilities that could let hackers steal credit card info or change the value of what people pay. Researchers Leigh-Anne Galloway and Tim Yunusov of cybersecurity company Positive Technologies revealed their findings at the Black Hat security conference in Las Vegas on Thursday. Point-of-sale terminals, such as credit card readers, are increasingly a common target for hackers, since that's where the money is. Cybercriminals can steal troves of financial data from weak cybersecurity on these terminals, and attacks on the systems have affected millions of people at hotels, stores and restaurants. Attackers are specifically looking at inexpensive card readers, which have exploded in popularity as small businesses like your local food truck use them to accept noncash payments. These mobile readers often attach to another device, like a smartphone or a tablet. Researchers estimate that 46 percent of all noncash payments will be done through a mobile reader by 2019. Galloway and Yunusov looked at readers from the most popular mobile point-of-sale, or mPOS, providers in the US and Europe: Square, PayPal, SumUp and iZettle. The researchers said they wanted to examine how much security there was in mobile readers that cost less than $50. It turns out, Galloway said, physically they were really hard to get into, but as far as cybersecurity goes, they found a few holes.

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GuidePoint Security Announces Portfolio of Data Security Governance Services

GuidePoint Security | January 30, 2024

GuidePoint Security, a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, today announced the availability of its Data Security Governance services, which are designed to help customers address the challenges of unstructured data and data sprawl through a proven process and program to meet their unique needs. GuidePoint’s Data Security Governance services consist of policies, standards, and processes leveraging the newest technologies to meet organizations’ data governance goals in both on-prem and cloud environments. Once the right strategy is determined with the customer, GuidePoint Security consultants will review program requirements, assess current policies and controls, perform gap analysis, design and develop/enhance the program, recommend and implement supporting technologies, and create operational processes and metrics. “Whether an organization is just beginning to build their data security governance program or needs help assessing and improving an existing program, our team and service capabilities are built to meet them at their current maturity level,” said Scott Griswold, Practice Director - Security Governance Services, GuidePoint Security. “We work side by side with the customer to conduct the necessary data discovery in their environment and provide tailored recommendations for solutions and processes to ultimately build/improve upon the data security governance program.” GuidePoint’s Data Security Governance Services include: Sensitive Data Cataloging: For organizations just getting started in the process of protecting their sensitive data, GuidePoint offers Data Identification workshops to identify sensitive data types in the environment, including trade secrets, intellectual property, and sensitive business communications. Data Security Governance Program Assessment: For organizations with existing Data Security Governance or Data Protection programs, GuidePoint Security experts will assess the program to identify policy non-compliance, gaps in data protection requirements—whether legal, regulatory, contractual, or business—and program maturity levels. Data Security Governance Program Strategy Development: The GuidePoint team will work with an organization's key stakeholders to design a program strategy aligned with relevant requirements. The outputs of this effort include delivering ongoing sensitive data discovery, automated classification and labeling, the application of required sensitive data protections, restrictions on where sensitive data can be stored and sent, and data retention policy enforcement. Merger and Acquisition Data Identification: This offering provides the ability to identify sensitive data within an M&A target or recent acquisition (including locations, amounts, and access rights) and then perform penetration testing on the storage repositories where that sensitive data exists to determine the risk of data compromise. About GuidePoint Security GuidePoint Security provides trusted cybersecurity expertise, solutions and services that help organizations make better decisions that minimize risk. Our experts act as your trusted advisor to understand your business and challenges, helping you through an evaluation of your cybersecurity posture and ecosystem to expose risks, optimize resources and implement best-fit solutions. GuidePoint’s unmatched expertise has enabled a third of Fortune 500 companies and more than half of the U.S. government cabinet-level agencies to improve their security posture and reduce risk. Learn more at www.guidepointsecurity.com.

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