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Overseas Card Thieves Come Up With New Way to Get Card Data

Russia syndicates said to have developed malware to collect data stored at POS terminal and in ATM log files.

By David Morrison | Updated on April 02, 2013

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.

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