TOP 10 CREDIT CARD SCAMS OF ALL TIME | XA Technologies

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TOP 10 CREDIT CARD SCAMS OF ALL TIME
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Do you know Top 10 credit card scams of all time?
No, then keep reading our blog. In this high-tech
world, with the change in technology, the mode of
payment is also changing. Nowadays, there are
very fewer people who use cash as a mode of
payment, and everyone uses cashless payment modes
like credit cards, debit cards, net banking, and
payment apps. Have you ever thought how save
these modes of payments is? Certainly people
think making payment through these cards and apps
are secure, but what they do not know is that
they are putting their financial information at
risk. And according to research and surveys, the
estimate of unauthorized transactions is in
millions with value in billions. In this
tech-savvy world, there is nothing that hackers
cannot do, and it is very easy to steal your
personal and professional information like login
credentials, social media passwords, photos
shared online, bank account details, PINS and
other essential details with just one click for
them. Here we are with the list of popular top
10 credit card scams of all time and grabbed huge
attention all over the globe.
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The attack on Sumitomo Mitsui, one among the top
10 credit card scams In 2004, the offices of the
Japanese bank Sumitomo Mitsui were attacked by a
hacker who used a tool called keylogger to
steal passwords from bank accounts. The theft
could have become one of the largest in history
because thieves managed to steal 420 million.
However, the criminals did not know how to get
rid of the stolen money and tried to deposit it
in the accounts of other banks. Similarly, during
one of these operations, the Israeli citizen
Yeron Belondi got arrested because he tried to
deposit 27 million dollars in an account in the
Bank of Israel. The other criminals also got
arrested, as informed. Stolen stored value
cards, second in the list of top 10 credit card
scams The hackers bought stored value cards and
modified the amount of money they contained. An
example of this type of card is prepaid cards,
but in this case, it was credit cards that were
modified the limit of obtaining money. In New
York, several people got arrested because they
tried to take out 2.7 million dollars in cash
from the ATMs of two banks simultaneously. Later
it was learned that the group consisted of eight
people who managed to steal 45 million
dollars.
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The attack on Nordea Bank, third in the category
of top 10 credit card scams The hackers infected
the computers of Nordea Bank customers with
special malicious software that read keystrokes
and allowed to recreate the password of their
account in the online division of the bank. When
entering their personal data, users saw a message
on the screen saying that the site was not
working temporarily. The attackers, on the other
hand, obtained the opportunity to act their whim.
In total, they stole 943,000. A hacker against
three US banks, fourth most famous in top 10
credit card scams A hacker nicknamed Soldier
used a unique set of tools for virtual piracy
called SpyEye to steal 17,000 a day. This
attacker managed to break 3,500 bank accounts in
three major US banks Chase, Wells Fargo and Bank
of America. In six months he stole 3.2 million
dollars. Later he created a fictitious company
and managed to convert money into
liquidity. Theft of bitcoins, fifth one who
grabbed most attention in top 10 credit card
scams The bitcoins must be stored somewhere, for
example, the personal online portfolios for this
virtual currency. One of these bags, inputs.io,
was hacked and the person responsible for the
attack obtained 4,100 bitcoins, and the amount
today corresponds to 1.3 million dollars. It is
doubtful that the hacker will stop since it is
tough to track the migrations of bitcoins.
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Attacks of hackers suspiciously frequent in
Arizona, sixth in the list of top 10 credit card
scamsIt is difficult to say with certainty why
the American state of Arizona suffers hacker
attacks more frequently than anywhere else on
Earth. Perhaps in that state, there are certain
groups of criminals who have created an exclusive
network of cybercrimes, or maybe it is just a
coincidence. In any case, the statistic seems
threatening for every 100,000 Arizona residents,
there are 149 victims of identity theft.
Criminals are lined up during the income
statement campaign because they receive the tax
refunds before the person who made the
declaration. Nazi Teens, seventh which created a
massive buzz in the top 10 credit card scams
among people The FBI spent several years
investigating a large-scale hacker attack that
resulted in the theft of information about
411,000 card owners and attacks against the
servers of 47 companies, institutions, and
educational bodies. It turned out that the
criminal group, called UGNazi, was almost
entirely teenager and the oldest hacker was 22
years old. Twenty-eight people got arrested. In
another case, they would have stolen 205 million
dollars.
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Theft to retailer TJX, eighth most famous in top
10 credit card scams In 2006, a group of
hackers attacked the protection of the servers
of the retailer TJX, which controls the US chains
TJ Maxx, Marshall, and Home Goods. They stole
credit card information from 94 million people.
Sometime later a hacker named Albert Gonzalez
was arrested, who had attacked along with 11
other criminals. The capo of the collective
received a prison sentence of 40 years. Robbery
in Heartland Payment Systems, ninth most
impactful in top 10 credit card scams Heartland
Payment Systems is a system that conducts
economic transactions between US companies. This
activity has been tempting for more than one, and
on several occasions, there have been attempts to
use the system to steal valuable information.
Although the experts recommended the company to
strengthen its defense, there was not a quick
enough reaction from the company, which allowed
the hackers to steal from Heartland Payment
Systems the information of some 134 million
credit cards. However, its known that Albert
Gonzalez controlled the operations, and that, as
we have said, he finally got arrested.
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7-Eleven, last nor the least tenth one in top 10
credit card scams 7- eleven is a convenience
stores company, headquartered in Texas. 7- eleven
stores were using Heartland Financial Systems
facility for credit card processing. In 2009,
because of weak IT security, a breach was
committed in companys system. The hackers
entered into the companys firewall by attacking
through SQL injection, and 140 million credit
cards of the customer were exposed. It cost
around 12 million loss to the company. What made
this more shocking was that Heartland had
recently received the certification of the secure
card payment system. In Conclusion Therefore,
by reading the top 10 credit card scams, it is as
easy as a wink for hackers to steal your credit
card details. So, to save you from being a victim
of a cyber attack, you need to be aware and take
some precautions while making online payments. To
protect your login credentials, personal details
and bank account information download Digital
Identity Protection Software for free. Learn how
to avoid Credit card and Debit card scams.