Brian Krebs reports a spike in payment card fraud following the now-confirmed Home Depot security breach.

This is actually good news.

Wait, what?

Bear with me. There has always been a concern that many security breaches in the cloud are not being reported or disclosed. The fact that there are no other unexplained spikes in card fraud would tend to indicate that there are no huge breaches that have not been reported, frantic stories about billions of stolen accounts notwithstanding.

The day we should really start to worry is when we see spikes in card fraud that are not related to reported breaches.