Visa – Page 3 – Network Securitas

August 17, 2018

Indian Bank Hit in $13.5M Cyberheist After FBI ATM Cashout Warning

This post was originally published on this siteOn Sunday, Aug. 12, KrebsOnSecurity carried an exclusive: The FBI was warning banks about an imminent “ATM cashout” scheme about to unfold across the globe, thanks to a data breach at an unknown financial institution. On Aug. 14, a bank in India disclosed hackers had broken into its servers, stealing nearly $2 million in fraudulent bank transfers and $11.5 million unauthorized ATM withdrawals from more than two dozen cash machines across multiple countries. The FBI put out its alert on Friday, Aug. 10. The criminals who hacked into Pune, India-based Cosmos Bank executed their […]

October 29, 2019

Takeaways from the $566M BriansClub Breach

This post was originally published on this siteReporting on the exposure of some 26 million stolen credit cards leaked from a top underground cybercrime store highlighted some persistent and hard truths. Most notably, that the world’s largest financial institutions tend to have a much better idea of which merchants and bank cards have been breached than do the thousands of smaller banks and credit unions across the United States. Also, a great deal of cybercrime seems to be perpetrated by a relatively small number of people. In September, an anonymous source sent KrebsOnSecurity a link to a nearly 10 gb […]

January 28, 2020

Wawa Breach May Have Compromised More Than 30 Million Payment Cards

This post was originally published on this siteIn late December 2019, fuel and convenience store chain Wawa Inc. said a nine-month-long breach of its payment card processing systems may have led to the theft of card data from customers who visited any of its 850 locations nationwide. Now, fraud experts say the first batch of card data stolen from Wawa customers is being sold at one of the underground’s most popular crime shops, which claims to have 30 million records to peddle from a new nationwide breach. On the evening of Monday, Jan. 27, a popular fraud bazaar known as Joker’s […]

July 29, 2020

Here’s Why Credit Card Fraud is Still a Thing

This post was originally published on this siteMost of the civilized world years ago shifted to requiring computer chips in payment cards that make it far more expensive and difficult for thieves to clone and use them for fraud. One notable exception is the United States, which is still lurching toward this goal. Here’s a look at the havoc that lag has wrought, as seen through the purchasing patterns at one of the underground’s biggest stolen card shops that was hacked last year. In October 2019, someone hacked BriansClub, a popular stolen card bazaar that uses this author’s likeness and […]