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Criminals will not let any way to cheat an ATM machine out of its cash, as it’s one of the easiest way for them to get the hands on cash. ATM skimmers have now discovered a new and high-tech approach to target cash machines directly by inserting a physical notorious device into it instead. According to the Chinese press , two Ukrainian men arrested in Macau for reportedly planting the malicious software program in the seven Macau bank ATMs. This could came out as the quickest method to hack the cash machines. HACKING ATM MACHINES The two accused were arrested this week by the authorities in Macau, a Chinese territory approximately west of Hong Kong, but the two are from Ukraine and had successfully stolen almost $100,000 by corrupting more than seven ATMs with a computer virus. According to the authorities, the men allegedly used a green object device ( as shown in the image ) to carry out the money fraud. They first connected the device to a laptop and then inserted...

October 1 Liability shift ENDS! Today, 1st October 2015 , is the deadline for US-based Banks and Retailers to roll out Chip-embedded Credit Cards ( powered by EVM Technology ) to customers that will make transactions more secure. EVM Technology stands for Europay , MasterCard and Visa -- a global standard for Payment Cards equipped with Chips used to authenticate chip card transactions. Starting Thursday, Merchants must have new Payment Terminals installed to accept Chip Cards in their stores or restaurants. Otherwise, they will be responsible for credit card frauds. Stephanie Ericksen, Visa's Vice President Risk Products said, " That's the date by which if a merchant doesn't have a chip terminal, and a counterfeit card is used at that location, they may be liable for that fraud on that transaction. '' 60% Customers Still have Old Credit Cards However, If you have not received a new credit card with chip technology, don't worry, ...

Cybersecurity researchers have disclosed a novel attack that could allow criminals to trick a point of sale terminal into transacting with a victim's Mastercard contactless card while believing it to be a Visa card. The research, published by a group of academics from ETH Zurich, builds on a study  detailed last September  that delved into a PIN bypass attack, permitting bad actors to leverage a victim's stolen or lost Visa EMV-enabled credit card for making high-value purchases without knowledge of the card's PIN, and even fool the terminal into accepting unauthentic offline card transactions. "This is not just a mere card brand mixup but it has critical consequences," researchers David Basin, Ralf Sasse, and Jorge Toro said. "For example, criminals can use it in combination with the previous attack on Visa to also bypass the PIN for Mastercard cards. The cards of this brand were previously presumed protected by PIN." Following responsible disclosu...

Imagine you have lost your credit card and applied for a fresh credit card from your bank. What if some criminal is using your new credit card before you have even received it? Yes, it's possible at least with this $10 device. Hardware hacker Samy Kamkar has built a $10 device that can predict and store hundreds of American Express credit card numbers, allowing anyone to use them for wireless payment transactions, even at non-wireless terminals. The device, dubbed MagSpoof , guesses the next credit card numbers and new expiration dates based on a cancelled credit card's number and when the replacement card was requested respectively. This process does not require the three or four-digit CVV numbers that are printed on the back side of the credit cards. Also Read:  How Hackers Can Hack Your Chip-and-PIN Credit Cards The tiny gadget would be a dream of any card fraudster who can pilfer cash from the stolen credit cards even after they have been blocked ...

October 1, 2015, was the end of the deadline for U.S. citizens to switch to Chip-enabled Credit Cards for making the transactions through swipe cards safer. Now, a group of French forensics researchers have inspected a real-world case in which criminals played smart in such a way that they did a seamless chip-switching trick with a slip of plastic that it was identical to a normal credit card. The researchers from the École Normale Supérieure University and the Science and Technology Institute CEA did a combined study of the subject, publishing a research paper [ PDF ] that gives details of a unique credit card fraud analyzed by them. What's the Case? Back in 2011 and 2012, police arrested five French citizens for stealing about 600,000 Euros (~ $680,000) as a result of the card fraud scheme, in spite of the Chip-and-PIN cards protections. How did the Chip-and-Pin Card Fraud Scheme Work? On investigating the case, the researchers discovered that the n...

Forget about security! It turns out that the Chip-and-PIN cards are just as easy to clone as magnetic stripe cards. It took researchers just a simple chip and pin hack to withdraw up to $50,000 in cash from an ATM in America in under 15 minutes. We have been told that EMV ( Europay, MasterCard and Visa ) chip-equipped cards provides an extra layer of security which makes these cards more secure and harder to clone than the old magnetic stripe cards. But, it turns out to be just a myth. A team of security engineers from Rapid7 at Black Hat USA 2016 conference in Las Vegas demonstrated how a small and simple modifications to equipment would be enough for attackers to bypass the Chip-and-PIN protections and enable unauthorized transactions. The demonstration was part of their presentation titled, "Hacking Next-Gen ATMs: From Capture to Washout," [ PDF ]. The team of researchers was able to show the audience an ATM spitting out hundreds of dollars in cash. Here...

#Blackhat Conference : Square Mobile Gadget allows to Hack Credit Cards Researchers at the Black Hat security conference today revealed two ways the Square payment system , which turns any iPhone, iPad or Android into a point-of-sale credit card processor, could be used for fraud.  Square a mobile gadget that enables Android, iPhone, iPad, and iPod touch users to accept credit card payments  can be hacked to steal credit card data, with very little technical hardware required. Adam Laurie and Zac Franken, directors of Aperture Labs, discovered that due to a lack of encryption in the current Square app and free dongle for swiping cards, the mobile payment system can be used to steal credit card information, without even having the physical credit card.Square works by converting credit card data into an audio file that is then transmitted to the credit card issuer for authorization. "The dongle is a skimmer. It turns any iPhone into a skimmer," Laurie said. To clone a ca...

Its Fail 2011 - Year of Hacks ! According to IT security experts Year 2011 have labeled as the " Year of the Hack ” or “ #Fail 2011 ”. Hacking has become much easier over the years allowing hackers to hack into systems easier then ever before, which is why 2011 had a lot of hacking happen so far. Hackers are coming up with tools as well as finding new methods to hacking faster then companies can increase their security. Even, Every year is the year of the hacking as long as there are hackers out there ready to execute their malicious programs and attain their goals like gathering important information to the victim's computer, stealing important identities, credit card information, etc. This year 2011 could be another generation of hacking. Since every year there are always forward advancements of the tools and programs that could use by the hackers. The most important is to avoid them if you are a computer user. RSA Hack (3/17/2011) : Motive - Unknown attacker, alth...

Edward Snowden is back with one of the biggest revelations about the government's widespread surveillance program. The US National Security Agency ( NSA ) and British counterpart Government Communications Headquarters ( GCHQ ) hacked into the networks of the world's biggest SIM card manufacturer, according to top-secret documents given to The Intercept by former NSA-contractor-turned-whistle blower, Edward Snowden . OPERATION DAPINO GAMMA The leaked documents suggests that in a joint operation, the NSA and the GCHQ formed the Mobile Handset Exploitation Team (MHET) in April 2010, and as the name suggests, the unit was built to target vulnerabilities in cellphone. Under an operation dubbed DAPINO GAMMA, the unit hacked into a Digital security company Gemalto , the largest SIM card manufacturer in the world, and stole SIM Card Encryption Keys that are used to protect the privacy of cellphone communications. Gemalto, a huge company that operates in 85 countr...

The notorious hacking group behind the Ticketmaster and British Airways data breaches has now victimized popular computer hardware and consumer electronics retailer Newegg. Magecart hacking group managed to infiltrate the Newegg website and steal the credit card details of all customers who entered their payment card information between August 14 and September 18, 2018, according to a joint analysis from Volexity and RiskIQ . Magecart hackers used what researchers called a digital credit card skimmer wherein they inserted a few lines of malicious Javascript code into the checkout page of Newegg website that captured payment information of customers making purchasing on the site and then send it to a remote server. Active since at least 2015, the Magecart hacking group registered a domain called neweggstats(dot)com on August 13, similar to Newegg's legitimate domain newegg.com, and acquired an SSL certificate issued for the domain by Comodo for their website. A day l...

In March this year, we reported that the major card distributor companies, VISA and Mastercard are migrating to EMV chip cards , also known as PIN-and-Chip cards. Unlike traditional magnetic stripe payment cards, EMV chip cards generates a unique code for every transaction, making it nearly* impossible for criminals to use the card for counterfeit fraud. But Nothing is perfectly secure, even not the PIN-and-Chip based payment cards. All anti-cloning theories were already proven wrong, when a group of researchers found a way to hack the Credit and Debit cards based on the latest Chip-and-Pin technology. Back in 2012, we reported about a research paper entitled “ Chip and Skim: cloning EMV cards with the pre-play attack ” published ( old paper ) by team of researchers from the University of Cambridge, UK, who demonstrated that Chip and PIN payment card systems are also vulnerable to Card Cloning. The same team of researchers presented their EVM related research last Mond...

Cringley’s credit card was recently hacked. And if his card can be hacked, anyone’s can. Like many cardholders, Cringley received a notification from his credit card company’s fraud department, informing him that his card data was being used overseas, on an online dating website. A scammer used Cringley’s credit card number to create a fake profile, posing as a woman named Katya to lure desperate, unsuspecting men into dating scams. Cringley determined that the IP address associated with the fraud was anonymized, going through numerous channels to disguise its origin. A Russia-based email address may mean Russian criminals are involved in the hack. Cringley’s card was used to purchase Badoo credits, which are used to unlock certain features of the dating website, such as chatting with another user or requesting photos. The scammer used Cringley’s card to buy Badoo credits in numerous countries, making her profile internationally accessible. Cringley surmises that his card data ...

Role of Hacking in Stealing and Selling Credit Cards ! People use the Internet in their everyday lives. With technology advancing as fast as it is, most modern day homes have gone online, turning to the Internet to save time with busy days, performing simple tasks like online banking, purchasing items on eBay or Amazon or getting deals on Buy.com , even taking college classes online. Internet Banking , Credit Cards are become the mode of Payments. Its 2011, Hacker have Eye on your Bank Balance, Credit Card details and Logins. These online Criminals get you Credit Card details and sell them to other customers. Credit card numbers can be purchased for a dollar or less if you buy in bulk And so-called full profiles, including a Social Security number and mother’s maiden name, are available for just $80. ATM pin numbers and platinum cards cost extra. Computer hackers have been found stealing and selling other people's credit card information in masses. Hacking happens just...