(PRWEB) August 29, 2013
According to a report on bankinfosecurity.com dated May 13th 2013 (http://www.bankinfosecurity.com/do-atms-face-new-malware-threat-a-5777), in April, researchers at security and computer forensics firm Group-IB said they discovered a new strain of malware designed to target card data stored on or transmitted through point- of- sale devices. While the Group IB reports notes ATM’s, the company says the malware it had identified had only sofar been affecting POS systems.
The Malware identified by the Group IB, called Dump Memory Grabber, according to the report can attack any Windows-based system, the firm’s researchers say. The typical attack uses an, exe file for RAM memory scanning of credit card data when the network is attacked and then transmits the logs containing intercepted card data through FTP gateways, the researchers explained.
Al Pascual, a Financial Fraud Expert at a consultancy Javelin Strategy & Research, is quoted in the report saying, “It’s the logical evolution of skimming, how the malware functions is nothing new, but hackers have leveraged their experience in compromising windows-based POS systems to now do the same with ATMs.
These new-age cybercrime tactics are the reason people should be more vigilant while browsing and refrain from exposing themselves to online threats, urges ProXPN. VPN technology is the safest bet so far in fighting against this growing cybercrime syndicates, declares ProXPN and unless Governments can do something to protect their citizens, ProXPN has made their stand that they will continue doing so.
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