Enough with the parties. It is
time to settle into the New Year and with that look over your taxes and most
importantly, look at the shape of your bank accounts and credit cards. Nothing
is safe these days and companies are so busy protecting themselves that no one
is protecting you against theft. In
fact, stolen credit cards are big nosiness on the internet. You should have
been worrying this holiday season that every time you swiped your credit card
or debit card that some criminal could be stealing your account number. The
number of illegal intrusions in the computer systems of United States companies
is at a record high this year and climbing, the hacking of Target, Home Depot, Staples
and other retailors made headlines.
There are two separate crimes
going on at the same time with two sets of criminals. There are the sophisticated
cyber thieves stealing your credit card information and then there are the common
criminals that buy it and go on shopping sprees creating billions
of dollars in fraudulent purchases. The cost of the fraud is calculated into
every item you buy. When computer crooks swipe your card number, we all end up
paying the price. So does that mean we
should be going back to having wads of cash around? 2014 is now known as the
year of the data breach. The theft of 40 million credit cards from Target was
followed by news of a breach at Michael’s, then P.F.Chang's and in September Home
Depot. Nearly every company is vulnerable.
FireEye is a cyber security company that gets hired to keep
hackers from getting into a companies network or getting them out after there
has been a breach. They say that even the strongest banks in the world like JP
Morgan can’t spend enough money or hire enough employees to keep up with the
theft. So in essence THERE IS NO SECURITY!
97% of all companies are getting breached.
The attacks go on 24 hours a day
and is a global problem. Who is protecting you? No one! The companies are lucky
enough to be able to protect themselves a little bit. On average from the time
the bad guys get in to the time they are discovered is a whopping 229 days.
They can steal a lot of stuff in that time period. 80% of the breaches involve weak passwords. It
means that breaches are inevitable. The bad guys install malware to record
swipes from cash registers. A lot of companies still have older systems and the
alerts that are given are not the important ones. Thankfully newer systems are
more accurate and are helping the problem but they are blocks behind in the
race to your money.
Bottom line a retailer is looking
to protect their side of the cash before they look to help you protect your
money. The Internet is the source for criminals. Rescator. Com is a place where
you can buy stolen credit cards. Big batches of stolen credit cards are called
Dumps. The bulk of cards sell from anywhere from 10 to $50 dollars depending on
the expiration date or the credit limit to determine how valuable your credit
card is. Maybe we should be glad that our cred stinks and that we are no longer
available for new cards. This site even offers volume sales and refunds if the
cards have been cancelled. Now that is a real organized very out there group of
thieves. They say, this stolen card will work or your money back.
The thieves do not accept credit
cards. They want to be paid for their stolen cards by Western Union or
Money Gram. The hackers and owners of this site are big time crime networks
located in Russia or the Ukraine out of the reach of American law enforcement. Our
Secret Service is in charge of dealing with this problem. Buyers of the cards
are from all over the world. They buy gift cards which is like cash then buy
electronics with the gift cards then sell the products. The banks don’t even
know there is a problem until after the crime has been committed. Visa,
MasterCard and other companies notify a bank when the card has been hacked but
they don’t tell them from what store. I think this is wrong and everyone should
be working together to stop this problem. Certain things should be regulated on
the Internet especially when it involves the thievery of so much money to so
many people.
The magnetic strip on your card
is too easy to counterfeit. After a year
of so much fraud new cards will be issued that will have a computer chip in it
that will make creating counterfeit cards almost impossible. Google and Apple
are promoting their own payment systems to protect themselves. Retailers are
now encrypting the data but all the new protections will take time and we hope
we can be ahead of the bad guys.
No comments:
Post a Comment