Thursday 16 August 2012

Low-Tech Crime Syndicate Hits Big


Basically with over the counter technology, an Eastern European Crime Syndicate opportunist scored big on an Australian business netting one half million credit cards. This attack could result in $25 million in fraudulent transactions.  It is suspected that this is the same group that hacked US Subway Restaurant back in December of 2011 and that they continue to move into other countries using their opportunist methods.

“it is difficult to imagine,”  says Tero Pollanen, international fraud prevention specialist, “with all the publicity and warnings about these kind of activities, that companies still continue to take the attitude that it cannot happen to me.”  In the long run, you get what you do not pay for as a result.

The attack by this syndicate was neither massive in scale or complex and did not involver super hi-tech hackers.  They are simply opportunists seeking vulnerabilities in systems.  As the investigators in this case stated, “the network was set up by <people> that did not understand IT security and…that it was an accident waiting to happen.”

Ref.: http://www.itnews.com.au/News/312068,half-a-million-credit-cards-stolen-from-aussie-business.aspx

No comments:

Post a Comment