Half a million credit cards stolen from Aussie business
An Eastern European crime syndicate has hacked into a small Australian business and stolen details of half a million credit cards from the company’s network.
It was suspected the attack could result in more than $25 million in fraudulent transactions.
The Australian Federal Police, together with foreign national law enforcement agencies, are preparing to raid an unknown number of syndicate members to prosecute them. Detective Superintendent Brad Marden told CRN sister site SC Magazine that the major banks had placed the cards on high alert, pre-empting a spate of fraudulent transactions should the cards be sold off on underground criminal forums.
