Friday, April 17, 2009

Hackers stole 285 million electronic records in 2008

Verizon has found that sloppy security planning led to the theft of 285m electronic records last year in 90 breaches investigated. 93% were in the financial sector, and organised criminals were behind 90% of the breaches, particularly targeting PINs:
The higher monetary value commanded by PIN data has spawned a cycle of innovation in attack methodologies, with criminals re-engineering their processes and developed new tools, such as memory-scraping malware, to steal this valuable data.

Remember that next time you hear from the banks that Chip and PIN systems are infallible and that anyone reporting ATM "phantom withdrawals" must be committing fraud.

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