Thursday , August 18 2022

An ATM online scam provides for shoppers at risk: Symantec



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PARIS – Online shoppers are at an increasing risk of scam allowing hackers to skip their payment details, Symantec's cyber-rescue company warned on Wednesday.

Basically, "Formjacking" is an online version of ATM interference, which allows thieves to build incredible customer PIN codes.

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On the internet, hackers spray malicious code to retailer websites to bring customer payments details as they stop to discuss, says Symantec in his annual report on cyber security.

Seber offenders reported tens of millions of dollars last year thanks to the scheme targeting 4,800 websites per month, he added.

Hackers were paying payment details by thousands of British Airways customers in last year's assault.

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Formjacking has become a more profitable option for cyber offenders as the value of cryptocurrency decreases, Symantec said.

"In the light of reductions that reduce ransomware and cryptojacking, cyber offenders double down on alternative methods, such as forming, making money," he said.

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Cryptojacking attacks are stolen from cryptocurrency exchanges and ransomware attacks take computers from businesses and individuals to pay for money.

Symantec said he had blocked more than 3.7 million formatted assaults last year.

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