Betfair Admits Failure To Reveal Identity Fraud - Poker News

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Betfair Admits Failure To Reveal Identity Fraud

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09-30-2011 , 11:42 AM

lucy105

newbie

Join Date: Jun 2005 Posts: 17

Please follow the link below.

http://uk.news.yahoo.com/betfair-adm...150717966.html

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09-30-2011 , 11:44 AM

NexusWR

grinder

Join Date: Feb 2009 Posts: 599

Unbelievable.

Quote:

"Whoever made the decision to sacrifice the financial security of millions of people for the sake of Betfair's reputation should resign immediately"

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09-30-2011 , 11:45 AM

WAtR

veteran

Join Date: May 2010 Posts: 2,386

This is the final straw. I've been with Betfair almost since the company first started and they generated such massive goodwill with customers initially. That is all completely gone now for me - scandal after scandal after lies after scandal.

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09-30-2011 , 12:11 PM

SquirrelsUnite

veteran

Join Date: Apr 2008 Posts: 2,844

Quote:

It also insisted that it was able to recover all data intact.

That's a relief.

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09-30-2011 , 12:15 PM

ChriSquared

adept

Join Date: Dec 2009 Posts: 848

Quote:

Nick Pickles, director of civil liberties and privacy campaign group Big Brother Watch, said...

lol...Pickles...

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09-30-2011 , 12:18 PM

westhimher

centurion

Join Date: Oct 2009 Posts: 106

I hope this doesn't get lost among all the people talking about FT and the new owner. This is really scary that one of the major poker sites can be hacked like this.

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09-30-2011 , 12:21 PM

SuperJez

banned

Join Date: Mar 2005 Posts: 2,087

you guys should read all of this thread (well maybe skip to the last few posts if you dont care about the casino theft)

http://forumserver.twoplustwo.com/29...eister-934242/

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09-30-2011 , 12:23 PM

boohaa12

Pooh-Bah

Join Date: Aug 2006 Posts: 4,194

From MARCH, cmon... ffs
a ton of people could have changed a few security qs on other services in which they might have same Q.

Hell im sure people probably forgot what their betfair security Q is, and thus dont even know what to change.

Betfair should have instantly emailed customers.
Said your Security Was X
This Q/A was discovered by an attack.. etc..

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09-30-2011 , 12:24 PM

Videopro

Making TV

Join Date: Oct 2002 Posts: 19,236

I think that their position was that the data was encrypted in such a way that it was unreadable and worthless.

Spoiler:

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09-30-2011 , 12:26 PM

#10

SuperJez

banned

Join Date: Mar 2005 Posts: 2,087

Quote:

Originally Posted by Professionalpoker

I think that their position was that the data was encrypted in such a way that it was unreadable and worthless.

Spoiler:

yeah it says in this article here
http://www.telegraph.co.uk/finance/n...ata-theft.html

""We have taken the prudent view that the criminal has the expertise to decrypt the payment card details," Betfair admitted"

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09-30-2011 , 12:27 PM

#11

Alrighty Roo

Carpal \'Tunnel

Join Date: Jun 2011 Posts: 16,269

Quote:

Originally Posted by Professionalpoker

I think that their position was that the data was encrypted in such a way that it was unreadable and worthless.

Spoiler:

Seriously though, if the data really was unusable, the chairman wouldn't have announced his resignation.

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09-30-2011 , 01:19 PM

#12

_______

journeyman

Join Date: Jun 2011 Posts: 276

Quote:

Originally Posted by boohaa12

From MARCH, cmon... ffs

March LAST YEAR.

"The other reason was because it didn't want to interfere with the investigation on a similar attack made on Sony, which was being carried out by the UK's Serious Organised Crime Agency."

Sony was hacked a year later, wasn't it?

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09-30-2011 , 01:20 PM

#13

2Robusto

adept

Join Date: Jun 2011 Posts: 814

I'm pretty sure that if a hacker is able to get all that data, it wont be a problem for him to hack the encryption.

Hopefully nobody was affected by this, but if you had an account you should take appropriate measures, that creditcard information is sold instantly online. You have no idea how easy it is to buy hacked customer details and card info.

It's problem.

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09-30-2011 , 03:28 PM

#14

pktsfullofhope

grinder

Join Date: Jun 2006 Posts: 494

Not sure why anybody is still playing at BetFair.

Matchbook is one third the commission, no tax (premium charge) and is already more liquid then Betfair in many spots.

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09-30-2011 , 06:42 PM

#15

Alrighty Roo

Carpal \'Tunnel

Join Date: Jun 2011 Posts: 16,269

Quote:

Originally Posted by pktsfullofhope

Not sure why anybody is still playing at BetFair.

Matchbook is one third the commission, no tax (premium charge) and is already more liquid then Betfair in many spots.

They do poker ya'know. Ongame network. Super soft. I played there briefly for free HEM credit.

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09-30-2011 , 06:49 PM

#16

SuperJez

banned

Join Date: Mar 2005 Posts: 2,087

Quote:

Originally Posted by Alrighty Roo

They do poker ya'know. Ongame network. Super soft. I played there briefly for free HEM credit.

Being fair I know some of the people that are higher up at betfair poker, they have good people in their poker department. Its just the rest of the company that is corrupt.

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09-30-2011 , 07:31 PM

#17

AirStyle

journeyman

Join Date: Apr 2011 Posts: 389

**** this site

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09-30-2011 , 07:37 PM

#18

butterfly pony

old hand

Join Date: Sep 2010 Posts: 1,201

the f do

betfair in australia's highcourt atm again as well, getting ****ed on

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09-30-2011 , 07:46 PM

#19

Raymoth

journeyman

Join Date: Apr 2011 Posts: 355

It still amazes me when I hear of governments and large businesses still don't seem to grasp the concept of "unencryption"...

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10-01-2011 , 07:16 AM

#20

grant2

Carpal \'Tunnel

Join Date: Nov 2010 Posts: 9,530

Quote:

Originally Posted by SuperJez

Being fair I know some of the people that are higher up at betfair poker, they have good people in their poker department. Its just the rest of the company that is corrupt.

They cheated my friend (he runs a local poker tour- they never paid the commissions & sponsorships they contracted for, after months of excuses).

Are all these high-up poker employees just helpless hostages to the rest of the company ripping people off?

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10-01-2011 , 07:23 AM

#21

Wamy Einehouse

rack 'em

Join Date: Dec 2008 Posts: 4,653

If there is a better stock to short in the entire world right now, please let me know.

Quote

10-01-2011 , 08:04 AM

#22

AshleyC

veteran

Join Date: Sep 2005 Posts: 3,278

Quote:

Betfair said that one of the reason is did not tell its customers was because its security measures made any data unusable for fraudsters..

I don't get the fuss given this...

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10-01-2011 , 08:21 AM

#23

MisoHoneySoup

journeyman

Join Date: Dec 2007 Posts: 251

http://www.telegraph.co.uk/finance/n...ata-theft.html

Quote:

"We have taken the prudent view that the criminal has the expertise to decrypt the payment card details," Betfair admitted, though stressed that the "CVV2/CVC security numbers" were not stolen.
It said advice from RBS was that "this very significantly limits the ability of the cards to be used fraudulently".

Really?

I'm going to go out on a limb, 1000 security code combinations per card won't prove to be too big a challenge for anyone capable of hacking betfair and decrypting their data.

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10-01-2011 , 08:47 AM

#24

Gerv

Formerly Giantian

Join Date: Oct 2008 Posts: 1,325

Wow sick & lol at ''data stolen are useless for fraudsters'' - nice PR trick but we ain't common people

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10-01-2011 , 09:39 AM

#25

_______

journeyman

Join Date: Jun 2011 Posts: 276

Yeah, these guys hacked at least 11 Betfair servers in two different countries. Somehow I doubt their plans were foiled by whatever encryption was being used. Especially considering the auditors afterwards said: "The [Betfair] IT infrastructure has not been designed, built or maintained to best practices."

Would not be surprised to hear of Cereus-level "encryption" again.

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