Criminals overseas have engineered yet another way to compromise financial institution's credit and debit cards at the point of sale and ATMs, according to credit.com.
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.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
