Overseas Card Thieves Come Up With New Way to Get Card Data
The consumer education and card marketing website reported Monday that organized crime syndicates in Russia appear to have developed malware that will collect data stored in the point of sale terminal or ATM's log files, filter it swiftly for credit card information and then send that information in a simple text file to the malware creator's server or email.
Security media sources report that Chase, Capital One, Citibank and Union Bank of California have already had cards compromised by the new technology. Retailer-issued cards are also thought to be at risk.
If the reports are accurate, this malware could represent the second generation of software aimed at point of sale terminals and ATMs.
A similar program, known as Dexter, is considered responsible for the compromise of 80,000 cards in the U.S. in 2012, primarily through compromises at some quick service restaurants.