Uninspired by the rewards of running a Subway sandwich franchise, Sean Holdt and Thomas Wilkinson set up an alternative business selling POS terminals to other franchisees. The winning formula? A pre-configured remote access toolkit that allegedly allowed the men to log in after hours and run off their own gift cards.
Well, at least they didn't go after payment card details (although if this was in an EMV or half decent PCI enviroment that would be a much harder proposition). Though crime is crime, I would put this at the slightly less ambitious end of the scale. Hopefully
these guys get turned around before they try something more ambitious with the set of technical and social hacking tools they've aquirted with this escapade.
Such type of fraud will certainly be seen more often in the future. Quite frequently, "mobile payments solutions" are just about turning a smartphone into a POS device. This reduces the threshold for creating and distributing fraudulent POS "devices", as
now those are just fraudulent apps ...
Excellent salary with uncapped commissionMilton Keynes
© Finextra Research 2013