While there are no indicators of card fraud yet, we’ll be monitoring closely for any activity. Easy Solutions’ Bryan Jardine also shares his insights within the piece, noting that “Often the valuation of a card decreases over time. It is more cost-effective for the fraudsters to get them on the market as quickly as possible. This is easy money for them.” For the full article, visit http://www.inforisktoday.co.uk/pf-changs-breach-6-key-developments-a-6961/op-1
The U.S. Computer Emergency Readiness Team (US-CERT) yesterday put out an alert (https://www.us-cert.gov/ncas/alerts/TA14-002A) on malware targeting Point of Sale (POS) systems, which retailers use to process transactions from consumers.
While POS targeting is nothing new, the threat has clearly escalated to a level that US-CERT felt it impactful enough to issue an alert. And while they offer up best practices for POS system owners to protect themselves and their customers from unauthorized access to their systems, they also recognize that no system is impenetrable. As such, they also offer up consumer tips for individuals to protect themselves if they believe their credit or debit cards have been compromised via a POS system.
At Easy Solutions, we believe POS system owners and financial institutions can take further steps to protect themselves and their customers. While traditional antivirus and firewall systems are useful for protecting against easily recognized threats, which are well-known and for which AV vendors have had the time to write signatures, they do nothing to protect against newer, targeted attacks on systems – often times with new malware being written daily specifically to thwart those systems.
Easy Solutions offers black-market monitoring as part of our Detect Monitoring Service (DMS) to provide our customers with early warning of massive credit/debit card breaches like the one announced by Target this morning. Over 40 million cards compromised, probably the result of a systematic attack on Target’s payment infrastructure.