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Betfair Data Breach

Friday , September 30, 2011 : Company failed to inform customers and kept incident under wraps
 
Online betting exchange Betfair is embroiled in a potential PR nightmare with the emergence of an incident involving wide-scale customer data theft that occurred just months before the company's flotation last year, according to British newspaper, The Telegraph.
 
The incident is believed to have taken place between March 28 and April 9 by criminals suspected of originating from Cambodia and involved the theft of sensitive data that included:
 
-     payment card details of most of its customers;
-     3.15 million account usernames with encrypted security questions;
-     2.9 million usernames with one or more addresses; and
-     89 744 account usernames with bank account details.
 
The attack allegedly went undiscovered until a "production log server" crashed at Betfair's Malta data centre more than two months after the initial breach which led to the detection of "at least another nine servers that had been compromised in the UK and two in Malta".
 
Betfair reportedly informed the UK Serious Organised Crime Agency, Australian and German law enforcement authorities, UK and Maltese regulators and its credit card payment processor the Royal Bank of Scotland, however, failed to inform its customers.
 
A Betfair spokesperson revealed that while the criminals had the expertise to decrypt payment card details, CVV2/CVC security numbers were not stolen along with other data which the Royal Bank of Scotland advised "significantly limits the ability of the cards to be used fraudulently".
 
Betfair has insisted that there was no risk to customers at the time and that the stolen data was unusable for fraudulent activity and had been recovered intact.
 
A Forensic Investigation Report on the theft by London-based Information Risk Management (IRM) said "Appropriate information security governance is not in place within Betfair and as a consequence the business has been exposed to significant risks."



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

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NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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