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Updates to the 2009-2010 Paysafe Hack

Monday November 30,2015 :  HACKING UPDATE FROM PAYSAFE GROUP
 
Limited and basic data stolen in 2009 - 2010 hack.
 
Paysafe, the parent group for online processors Neteller, Skrill and other companies, issued an update Monday on its investigation into a hack believed to have taken place in 2009 - 2010.
 
The hack was publicly reported at the end of last (October) month, and the company says that its investigations have shown that data stolen relates to limited account details from 3.6 million Neteller accounts and basic personal details relating to 4.2 million Skrill accounts.
 
Less than 2 percent of the accounts were active in the six months to 1 November 2015, the company claims, emphasising that such data does not include passwords, card data or bank account information.
 
Paysafe engaged a major accounting firm as part of its investigation, which has verified these findings:
 
• The Company believes that this data emanated from the cyber-attacks in 2009 and 2010 and is not aware of any similar breaches since that time.
 
• The Company is confident that this data will not in itself allow any existing Neteller or Skrill customer accounts to be accessed.
 
Neteller reported the hack to the authorities and commissioned a third-party, independent forensic report by a major accounting firm. The recommendations of the report were then followed and security was significantly strengthened, the company says.
 
In a statement Monday, Paysafe says that it became aware that around 1,500 customers subsequently had their accounts compromised following the 2010 cyber-attack. It immediately took action to restore these accounts and all customers were reimbursed. Management is not aware of any other reimbursal requests related to this incident since 2011.
 
Skrill, which Paysafe acquired in earlier this year, was the subject of a cyber attack in 2009 in which customer information was stolen. The incident was reported at the time and an independent investigation was followed by strengthened security measures.
 
"The Group's executive management team, IT leadership and security protocols and standards have changed considerably since the breaches more than five years ago," Monday's statement advises. "The significant investment made to cybersecurity in recent years will continue into the future as Paysafe works to ensure it has the appropriate systems in place to defend against cybersecurity threats."

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Gambling News :

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

Global Poker League Championship Results - #gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.

Yahoo DFS Gets Uk License - #yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.

SPANISH GAMBLING MARKET CONTINUES TO GROW - Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.

Novomatic Acquires Albanian National Lottery - #Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.

2016 Massachusetts Gaming Commission Report - Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.

Jack Lam denies bribe allegations - Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.

Fonbet Gets Russian Betting License - #Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.

New Attempts to Restore the Wire act - In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.

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