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Credit card skimming is on the rise as online shopping explodes in the wake of the coronavirus pandemic.
Online shopping has become a lifeline for many Americans, exposing them more than before to online crime like digital credit card skimming.
“While digital skimming has been around for many years, the current COVID-19 pandemic creates a unique situation where more online transactions are getting processed than usual,” Jérôme Segura, Director of Threat Intelligence at Malwarebytes, told Fox News, adding that “many folks [are] learning about shopping online for the first time.”
Digital credit card skimming happens when malware is injected into a shopping payment page with the goal of stealing credit card information. This is different from the older method where criminals use physical card skimmers hidden within, for example, ATM credit card readers.
One of the more infamous cases of digital credit card skimming happened in 2018, when the data from 380,000 cards was stolen from the British Airways site. This was attributed to Magecart, an umbrella term that covers numerous distinct cybercriminal groups, according to RiskIQ.
Fast forward to March 20 of this year, when Malwarebytes uncovered a credit card skimming campaign on the popular Tupperware site.
The official Tupperware site was compromised “by hiding malicious code within an image file that activates a fraudulent payment form during the checkout process,” according to a blog post from Segura. The malicious file was later removed by Tupperware.
“As a consumer, there is usually little to no indication that the site you are about to enter your credit card details into is unsafe. This is a bonanza for criminals who can expect a higher yield from the stores they have already compromised,” Segura told Fox News.

More here:
https://www.foxnews.com/tech/credit-card-skimming-is-new-threat-in-coronavirus-era
Credit card skimming is on the rise as online shopping explodes in the wake of the coronavirus pandemic.
Online shopping has become a lifeline for many Americans, exposing them more than before to online crime like digital credit card skimming.
“While digital skimming has been around for many years, the current COVID-19 pandemic creates a unique situation where more online transactions are getting processed than usual,” Jérôme Segura, Director of Threat Intelligence at Malwarebytes, told Fox News, adding that “many folks [are] learning about shopping online for the first time.”
Digital credit card skimming happens when malware is injected into a shopping payment page with the goal of stealing credit card information. This is different from the older method where criminals use physical card skimmers hidden within, for example, ATM credit card readers.
One of the more infamous cases of digital credit card skimming happened in 2018, when the data from 380,000 cards was stolen from the British Airways site. This was attributed to Magecart, an umbrella term that covers numerous distinct cybercriminal groups, according to RiskIQ.
Fast forward to March 20 of this year, when Malwarebytes uncovered a credit card skimming campaign on the popular Tupperware site.
The official Tupperware site was compromised “by hiding malicious code within an image file that activates a fraudulent payment form during the checkout process,” according to a blog post from Segura. The malicious file was later removed by Tupperware.
“As a consumer, there is usually little to no indication that the site you are about to enter your credit card details into is unsafe. This is a bonanza for criminals who can expect a higher yield from the stores they have already compromised,” Segura told Fox News.


More here:

https://www.foxnews.com/tech/credit-card-skimming-is-new-threat-in-coronavirus-era
 
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