FireEye report shows PoS attacks have compromised more than 20 million cards

Robinson+Cole Data Privacy + Security Insider
Contact

FireEye recently issued a report that indicates that bank card data of over 20 million individuals has been compromised since 2014. According to the report, point of sale attacks that have affected the retail and hospitality industries will continue while companies are in the process of implementing chip-and-pin cards and fraudsters are targeting magnetic card systems in the interim.

According to FireEye, it has seen 20 million stolen credit cards available for sale in the underground marketplace by a group dubbed FIN6 for $21 apiece, which all told could rake in over $400 million. These cards were stolen in one incident, and the victims were mostly from the U.S.

The malware used to compromise the data as Grabnew, which is also known as Vawtrek and Neverquest.

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Robinson+Cole Data Privacy + Security Insider | Attorney Advertising

Written by:

Robinson+Cole Data Privacy + Security Insider
Contact
more
less

Robinson+Cole Data Privacy + Security Insider on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide