In an increasingly digital-first world, payment card skimming malware has been a growing threat to both customers and retailers – and a profitable business for the bad guys. Unfortunately, that trend is unlikely to abate anytime soon. According to cybersecurity researchers, hackers recently hauled in $1.6 million from selling 239,000 stolen payment cards on the Dark Web.
The card information was stolen throughout 2019 from as thousands of retailers fell victim to malware. In this web-skimming incident, attackers used malicious JavaScript to steal payment data at checkout from stores hosted on the Volusion cloud platform. Unfortunately, the high yield is likely to incentivize other cybercriminals to pursue payment card skimming, creating a serious liability for companies and customers processing payments online.
Customers routinely demonstrate an unwillingness to shop at online retailers after a data breach. Making cybersecurity at the point of sale a top priority could be the difference between a flourishing online store and a floundering operation. Any business planning to implement online sales needs to have a strong cybersecurity strategy that works mitigate some of the risk of this means of attack including regular malware assessments and Dark Web monitoring.
https://www.bleepingcomputer.com/news/security/hackers-get-16-million-for-card-data-from-breached-online-shops/
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