Cyber Skimming Payment Card Data Hits the Big Time

During the past few years, we’ve seen alarming instances of nation states using cyber intrusions to sow political discord, infect critical infrastructure, and steal military, government and enterprise secrets. As we grapple with the escalation and ramifications of global activity across this virtual battlefield, it’s important to remember one persistent reality: many cyber criminals are just in the game to make a buck.

One splashy way to cash in online, of course, is to use ransomware to encrypt data and hold it hostage until the victims pay you off. As noted in a recent post, however, although ransomware remains a major threat, Symantec actually tracked an overall decline in this form of attack during 2018 in their annual ISTR report.

Meanwhile, a different money-making exploit showed a significant uptick last year. Formjacking, while by design less attention grabbing than ransomware, is becoming a pervasive form of money-making attack.

Read more at Symantec

The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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