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Old 10-13-2014, 08:44 AM
 
10,752 posts, read 18,003,358 times
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Current number of people affected is unknown.

Malware Based Credit Card Breach at Kmart — Krebs on Security

Kmart hacked - payment systems compromised by malware | HOTforSecurity
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Old 10-13-2014, 12:28 PM
 
Location: Glen Burnie, MD
3,401 posts, read 1,006,263 times
Reputation: 9997
Unfortunately, these kinds of attacks are getting more and more common, and more than likely at least one or two other major hacks are currently underway.

The process of stealing CC info is surprisingly simple. Just pick your target, install malware in the system, let the CC data come in, and then sell the data. The hackers then sell the data on the black market.

From there, making a fake credit card is very easy. Machines that encode the information on credit cards start at only $500. (This is one advantage of the new chip and pin cards: much harder to duplicate, but useless for phone, mail, or online purchases).


This is a perfect example of why, even as a computer science major, only ever use cash in stores. Cash is the most secure payment method out there. When I have to buy something online, I use paypal, no numbers that can be hacked there, and change my password often.
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Old 10-13-2014, 03:16 PM
 
Location: In a chartreuse microbus
3,857 posts, read 5,383,314 times
Reputation: 8037
This is exactly why I try to use cash everywhere. They can't scan cash in my wallet for info, and if I drop a twenty on the ground, that's all they get.

A few months ago I had a heck of a time getting out of a well-known department store with my purchases with cash. They wanted me to sign up for a store credit card. Then they wanted my email address. Then they told me to be sure and fill out the online survey. I finally said, "Look, can I have this stuff or not?"
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Old 10-13-2014, 03:25 PM
 
Location: Bella Vista, Ark
73,233 posts, read 85,430,875 times
Reputation: 43384
Using cash is fine but there are times when it either isn't practical or even possible. When you check into a hotel, either you give them a large amount of cash up front, which btw can be stolen or you use your cc. This goes for renting a car as well. I have to admit we do use credit cards and yes, we have been hacked a couple of times, but luckily the CC company has called to verify and not charged us for anything we did not purchase. even if you use pay pal, somewhere along the way you will be giving numbers to someone, either your checking account number, or something.
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