Words that most people understand:
Free, Unlimited, Service, File, Versioning, Folder, Hard Disk, Computer, Mobile, Web, Access, Sharing, Sync, Protected, Safe

Words that many people don’t understand but can stand, get used to, and even like:
Cloud, Drive, Failure, Secure, Backup, Storage, Application, Privacy, Encryption.

Words that normal people don’t understand and don’t want to understand, although they use these things every day:
Server, Client, File Server, Network, Balancing, Local, Port, IP, Address, DNS, Domain, Subdomain, Cache, Node, Peer, Cluster, Redundancy, HTTP, SSL, TLS, SSH, SFTP, AES, Compression, Cryptography, Symmetric, Asymmetric, Public Key, Private Key, Connection, RAID

Visa to launch its "Visa Merchant Data Secure with Point-to-Point Encryption" in 2013:

• Minimal impact to payment processing systems. Merchants and acquirers ca adopt point-to-point encryption with ease because of the minimal impact to existing payment systems. To make the transition as easy as possible, Visa will also offer a "format preserving" option, enabling merchants to integrate point-to-point encryption using a 16-digit encrypted value with their current systems.
• Consistent, open encryption standard. Visa's encryption solution relies on the same Triple Data Encryption Standard (TDES) and Derived Unique Key per Transaction (DUKPT) key management that are used to encrypt PINs today. This provides a consistent framework for managing keys and minimizes the impact of merchant system updates.
• Multi-zone encryption. Visa's solution allows for encryption and decryption in multiple zones, providing merchants and acquirers flexibility in how to deploy encryption within their unique environments. Multi-zone encryption can facilitate routing to multiple endpoints, if the merchant is using multiple processors, consistent with how PIN encryption is managed today.

I think this is confirming the fact that -- despite all the PCI efforts -- P2PE (whether it is PCI approved or not) is the only technology that can provide a real protection for magnetic stripe payment cards.
No more technical details are available at this time...

Calculating the $$ amount of security breach is not simple. I would like to see this tool:
"The tool itself consists of 12 questions about the type of data, number of records compromised, cause of the breach, internal communications resources and degree of preparedness for such an emergency. Algorithms translate answers to these questions into dollar figures so clients can estimate costs their costs in advance."

    I was on my way back home to Dallas from Las Vegas where I attended Black Hat 2012 and DefCon XX security conferences. I had connecting flights with connection in Phoenix. I was traveling with my wife and kids. We had only one seat upgraded so I used my privilege of being a head of household and took the first class while my family sat in one of the first rows of the main cabin (still pretty close because it was small airplane).
    About one hour after the takeoff, when I went to check my wife and kids, one of my daughters needed a restroom but the isle was blocked by the service cart so she could not use the lavatory for the economy class at the back of the plane and I decided to take her to the first class. However, the flight attendant told me that we must return to our seats immediately because "the pilot is coming out". We had nothing to do but obey the instructions and go back to our seats, while two flight attendants were standing between the first class cabin and the small service space that separates the cockpit door from the rest of the plane. I guess there is security procedure that requires two flight attendants forcing all passengers to sit down and watching them while one of the pilots is coming out to the restroom...
    Although the cockpit doors on all US commercial airplanes were reinforced after 9/11, there are situations like this during the flight -- especially if it is relatively long one -- when bulletproof cockpit door is simply unlocked. Just a few feet separate first row of the first class seats from the cockpit door. Someone could just jump from the closest seat right at the moment when the door is unlocked and enter the cockpit. I am assuming that bigger planes have the lavatory inside the cockpit as well as the distance between the passengers’ seats and the cockpit door is much longer there so the pilots may have enough time to lock the door if something is going wrong. However, it looks like small airplanes still aren’t so safe.

This is an update to the original post from 07/31/2012.

I have got an answer from Eddie Lee - the author of this hack - regarding the pinpad types (our conversation is actually published here at Forbes.com):

"Hi Slava,

I’ve personally tested replay on live Vivopay and Verifone systems. My impression is that the readers do very little, if any, verification. I’m not sure which readers are PCI PTS certified (and contactless), so I don’t know if I’ve actually used one of those readers…certainly, there are a large number of existing/deployed readers that are still vulnerable. From my experience, there is little difference between the readers, so I would not be surprised if most/all systems are vulnerable to replay. Regardless, it would still be possible to skim and spend in proxy mode."