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Court saves Japanese teen who ran up $54,000 bar tab on dad’s credit card

A man whose teenage son ran up a $54,000 credit card bill in a champagne-fuelled tour of Japanese hostess bars does not have to pay most of it back, a court has ruled. The 16-year-old and his friend took his father’s platinum American Express card around luxury nightspots in the…

Visa drops U.S. payment handler after breach

Global Payments on Monday said that Visa has dropped the US-based payment processor after data from as many as 1.5 millioncredit cards was looted from its system. The word came as credit card titans Visa and MasterCard scrambled to thwart cyber crooks who snatched a massive trove of valuable account data. The card industry was jolted…

Visa confirms report of major hack on credit card processor

Credit card giant Visa confirmed to Raw Story on Friday morning that previously unacknowledged whispers of a major hack on a third party credit card processor were true. That hack, which resulted in a series of breaches earlier this year, is rumored to have exposed more than 10 million accounts…

‘Embarrassingly simple’ hack could leave up to 100 million credit cards exposed

As many as 100 million credit cards in active use today contain a technology that can be tricked into exposing the users’ account to fraudulent transactions, according to a hacker who demonstrated the exploit on stage this past weekend at a conference in Washington, D.C. Speaking at the Shmoocon hacker…

Shoe seller says hacker compromised accounts

WASHINGTON — US online shoe seller Zappos.com was notifying some 24 million customers Monday that a hacker had gained entry to its computer network, but said credit card data was not affected. “We were recently the victim of a cyber attack by a criminal who gained access to parts of…

‘Saudi hacker’ publishes Israeli credit card details

A self-defined Saudi hacker claimed he had published details of 400,000 Israeli-owned credit cards online, but the card firms on Tuesday insisted that only 14,000 cards had been affected. Details of the hack were exposed late on Monday in a statement posted on an Israeli sports website. “Hi, It’s 0xOmar…

I Will Not Marry Your Poor Gay Nachos

After determining that the actual national debt is essentially infinite, Kevin D. Williamson over at the Corner starts talking about private debt, and how fuck you for having it: There’s about $1 trillion in U.S. credit-card debt out there, much of it securitized. The charge-off rate (the portion of defaulted…

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