CurrentC's Week Just Keeps Getting Worse(▼)(▲)
October 29, 2014
The Merchant Customer Exchange (MCX), a consortium of more than 50 U.S. retailers working on an alternative to Apple Pay, announced Wednesday that its service, called CurrentC, has experienced a security breach.
Dekkers Davidson, CEO of MCX, stressed that it was the company's e-mail provider which got hacked, not the CurrentC application. Davidson declined to provide details about the e-mail provider or the extent of the hack and insisted that it would not impact MCX's plans to launch CurrentC.
So it was only customer's emails that were leaked. This time.
Maybe the security in the CurrentC application is sufficient to hold off attacks by hackers, but if there's already been a breach somewhere along their security chain, how can we be expected to trust the rest of it? Remember, CurrentC is only out for a select testing group right now. I imagine it will become a much bigger target for hackers when it is public and has the bank account information of many more people. Let's hope people realize this and no one gives their information.