Archive - Oct 24, 2012

global "headache": 1.5 million credit, debit cards may be breached

"when you swipe you card, all your information is stolen"... scary

(quote)

Hackers put a tiny device on the card readers where you swipe your credit or debit card. So when you scan it they get all your personal information
"They can put a phony thing over the part where you swipe your card. You think you're swiping your card through a reader and what you're really doing is swiping your card through a device the hacker has created," said Jim Lee, head of Consumer Fraud at the Rhode Island Attorney General's Office.
Lee says the trouble is this type of hacking is becoming more common at stores, gas stations, and ATM's.
"People are realizing that this is a new form of theft that they can do electronically, they can do high tech and it has a real volume to them," said Lee.
And because more and more people now pay this way thieves don't have to empty your account. They take a little here, a little there, from many accounts, which people often don't even notice.

October 24, 2012 - "appears to be a massive theft" - MasterCard and Visa warn of potential cardholder account breaches  read more »