Betfair kept data theft under wraps

[maxd]

Betfair kept data theft under wraps

By Philip Whiterow (independent.co.uk)
Friday, 30 September 2011

"Online gambling firm Betfair admitted today it had not informed its customers that the details of millions of credit cards were stolen in a major cyber-attack 18 months ago.

More than 3.1 million account names with encrypted security questions, 2.9 million usernames, and nearly 90,000 account usernames with bank account details were stolen in an attack in March last year.

Betfair said it did not inform its registered customers of the attack as its security measures made the data unusable for fraudulent activity and it was able to recover the data intact."

(continued)

[flogger]

Yah. I think that explains why BF charged winning premium users so much.

Not to mention, these following incidents happen in the same month.


Betfair is in for a rough ride over data theft*
30 Sep 2011*

Betfair will only refund bets in jackpot error*
28 Sep 2011*

Betfair 'removed £52,000 from account'*
23 Sep 2011*



Good luck BF.

[Nate]

Seems like this outfit is getting more 'Rogue' by the day. I'm disgusted at some of the decisions they make...

From the Article:

'Betfair's share price has fallen 41% since it listed at 1300p last October as revenue growth has been lower than expected, while it has also suffered a string of management departures, regulatory problems and a poor performance from its start-up LMax financial exchange.'

Nate