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 website reported that organized crime syndicates in Russia appear to have developed malware that will collect data stored in the POS 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 cards have already been 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.