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News

Wireless network vulnerabilities led to largest cyber fraud

McAfee : 07 August, 2008  (Technical Article)
Hacked US retailers get a step closer to justice with the charging of 11 criminals for credit card fraud after hacking poorly secured wireless networks of shops.
Today 11 cyber criminals were charged in connection with the hacking of nine major US retailers and the theft and sale of more than 40 million American and British credit and debit card numbers. The 11 are infamous for their crimes against TJX, owner of the discount clothes chain TK Maxx and others.
The hackers allegedly used a technique known as 'war driving' - driving around suburbs of Miami and San Diego scanning for security holes in the wireless networks at shops and banks.

Greg Day, security analyst at McAfee comments, 'The latest prosecution of the 11 cyber criminals in the US marks a further significant step in the fight against cyber crime. The value of money stolen has not been confirmed but the incident highlights the value placed on such data and therefore the very real threat facing businesses and consumers in protecting confidential information. Businesses should see this as clear reminder that with increasing electronic use of customer data they must ensure they use, store and discard it safely following the principals set out by the Payment Card Industry (PCI) and the Data Protection Act. People should not be alarmed by this incident but should see it as a reminder that cyber criminals value their digital identities and encourage them to challenge third parties when giving them personal data to ensure it is being used and stored securely.

For example people transacting online should not be alarmed by this incident but should see it as a reminder that cyber criminals value their digital identities and that they should challenge third parties when giving them personal data, to ensure it is being used and stored securely. It's also a good idea to check out the credentials of sites on which you transact, by looking for trust mark symbols that demonstrate that a site has been evaluated and deemed to be secure.'
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