13 December 2017
visit www.avoka.com

Hackers nab 500,000 Oz credit card numbers

17 August 2012  |  8518 views  |  2 credit card

Aussie police say that hackers targeting merchant computer systems may have stolen half a million credit card numbers and racked up A$25 million in fraudulent transactions.

The Australian Federal Police confirmed to local press that it is in the midst of investigating the gang, believed to by Eastern European, which has hit the systems of several merchants.

According to SC Magazine, the attacks could be the work of crooks that targeted US Subway restaurants late last year. In both cases, the hackers installed keylogging software on POS terminals to obtain card data, siphoning it through an insecure open Microsoft Remote Desktop Protocol connection, says the mag.

Australian banks have placed cards on high alert in a bid to head off fraudulent transactions while the AFP, working with police from other countries, prepares to swoop on the gang.

Half a million credit cards stolen from Aussie business - SC Magazine

Comments: (2)

A Finextra member
A Finextra member | 20 August, 2012, 15:23

So ...

a small Australian business with half a million credit cards on record - that's a lot isn't it?  Also, the article doesn't say they racked up A$25 million, it says they could potentially rack up this amount.

I think that we would all be much more interested in knowing how much ACTUAL fraud there was, rather than being frightened by a big number that works out at around A$50 per card.  

What's the real fraud, and how are the crims going to get to the magic number of 25 mill?

 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
David Birch
David Birch - Tomorrow's Transactions - London | 20 August, 2012, 16:10

They "may" have stolen half a million credit card numbers? Did they or didn't they?

(Remember "How to get ahead in advertising" -- the bag "may" have contained a pork pie)

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bank settles with hacked customer over ACH fraud

Bank settles with hacked customer over ACH fraud

20 June 2012  |  13639 views  |  0 comments
Dutchman faces US card fraud charges

Dutchman faces US card fraud charges

14 June 2012  |  5003 views  |  0 comments
visit www.aciworldwide.comvisit www.solutions.lexisnexis.comvisit www.atos.net

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12170 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9362 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
7989 views comments | 17 tweets | 36 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7354 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7223 views comments | 20 tweets | 11 linkedin

Featured job

Competitive package
New York City, NY - USA

Find your next job