April 10, 2018

MyFitnessPal Reveals Data Breach of 150 Million User Accounts

MyFitnessPal, owned by Under Armour, Inc. (NYSE: UA, UAA), notified users via email and in-app messaging that a data breach occurred at the company. According to the email sent to users, on March 25, 2018, MyFitnessPal learned that an unauthorized party acquired data from MyFitnessPal users during the month of February. The data included user names, email addresses and hashed passwords. MyFitnessPal said it is working with ‘leading data security firms’ to assist in the investigation, and they are coordinating their efforts with law enforcement.

How To Handle Credit Card Catastrophes: Fraud, Data Breaches, Poor Payment Processing

Credit card transactions have topped three and a third TRILLION dollars. With that volume, even a tiny percent of misfires create problems on the order of hundreds of millions of dollars. Companies that depend on card transactions, especially those who depend on recurring payments, need to be proactive in preparing for pitfalls.