COVID-19 ‘Breach Bubble’ Waiting to Pop?

Credit to Author: BrianKrebs| Date: Tue, 30 Jun 2020 15:00:48 +0000

The COVID-19 pandemic has made it harder for banks to trace the source of payment card data stolen from smaller, hacked online merchants. On the plus side, months of quarantine have massively decreased demand for account information that thieves buy and use to create physical counterfeit credit cards. But fraud experts say recent developments suggest both trends are about to change — and likely for the worse.

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How Cybercriminals are Weathering COVID-19

Credit to Author: BrianKrebs| Date: Thu, 30 Apr 2020 18:20:57 +0000

In many ways, the COVID-19 pandemic has been a boon to cybercriminals: With unprecedented numbers of people working from home and anxious for news about the virus outbreak, it’s hard to imagine a more target-rich environment for phishers, scammers and malware purveyors. In addition, many crooks are finding the outbreak has helped them better market their cybercriminal wares and services. But it’s not all good news: The Coronavirus also has driven up costs and disrupted key supply lines for many cybercriminals.

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Would You Have Fallen for This Phone Scam?

Credit to Author: BrianKrebs| Date: Tue, 28 Apr 2020 20:55:32 +0000

You may have heard that today’s phone fraudsters like to use use caller ID spoofing services to make their scam calls seem more believable. But you probably didn’t know that your bank may be making it super easy for thieves to impersonate the bank, by giving away information about recent transactions on your account via automated, phone-based customer support systems.

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Wawa Breach May Have Compromised More Than 30 Million Payment Cards

Credit to Author: BrianKrebs| Date: Tue, 28 Jan 2020 20:12:16 +0000

In late December 2019, fuel and convenience store chain Wawa Inc. said a nine-month-long breach of its payment card processing systems may have led to the theft of card data from customers who visited any of its 850 locations nationwide. Now, fraud experts say the first batch of card data stolen from Wawa customers is being sold at one of the underground’s most popular crime shops, which claims to have 30 million records to peddle from a new nationwide breach.

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Sale of 4 Million Stolen Cards Tied to Breaches at 4 Restaurant Chains

Credit to Author: BrianKrebs| Date: Tue, 26 Nov 2019 13:32:21 +0000

On Nov. 23, one of the cybercrime underground’s largest bazaars for buying and selling stolen payment card data announced the immediate availability of some four million freshly-hacked debit and credit cards. KrebsOnSecurity has learned this latest batch of cards was siphoned from four different compromised restaurant chains that are most prevalent across the midwest and eastern United States.

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Takeaways from the $566M BriansClub Breach

Credit to Author: BrianKrebs| Date: Tue, 29 Oct 2019 21:47:58 +0000

Reporting on the exposure of some 26 million stolen credit cards leaked from a top underground cybercrime store highlighted some persistent and hard truths. Most notably, that the world’s largest financial institutions tend to have a much better idea of which merchants and bank cards have been breached than do the thousands of smaller banks and credit unions across the United States. Also, a great deal of cybercrime seems to be perpetrated by a relatively small number of people.

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“BriansClub” Hack Rescues 26M Stolen Cards

Credit to Author: BrianKrebs| Date: Tue, 15 Oct 2019 11:05:09 +0000

“BriansClub,” a popular underground store for buying stolen credit card data that uses Yours Truly’s likeness in its advertising, has itself been hacked. The data stolen from BriansClub encompasses more than 26 million credit and debit card records taken from hacked online and brick-and-mortar retailers over the past four years, including almost eight million records uploaded to the shop in 2019 alone.

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Data: E-Retail Hacks More Lucrative Than Ever

Credit to Author: BrianKrebs| Date: Tue, 30 Apr 2019 20:13:03 +0000

For many years and until quite recently, credit card data stolen from online merchants has been worth far less in the cybercrime underground than cards pilfered from hacked brick-and-mortar stores. But new data suggests that over the past year, the economics of supply-and-demand have helped to double the average price fetched by card-not-present data, meaning cybercrooks now have far more incentive than ever to target e-commerce stores.

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