Michaels fraudsters headed to prison

Two southern California men pled guilty this week to participating in a PIN-pad tampering scheme at 84 Michaels craft stores that resulted in the theft of 94,000 debit and credit card account numbers.

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Cost of data breaches outstripping inflation

The average cost to UK business per record lost, according to the latest Symantec/Ponemon study, has increased from £47 in 2007 to £79 in 2011. Had it been inflation alone, it would have increased to just over £53.

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