Companies Can't Put A Stop To Data Thefts - InformationWeek

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Companies Can't Put A Stop To Data Thefts

Another threat to sensitive personal financial data has surfaced, while companies involved in an earlier data theft still can't explain how the information was stolen.

Here's the next chapter in the never-ending saga of data losses. Another threat to sensitive personal financial data surfaced last week, while companies involved in an earlier data theft still can't explain how the information was stolen.

Visa last week tried to throw Fujitsu Transaction Solutions under the bus by naming the company as the developer of the point-of-sale software that hackers broke into to steal the PIN data that has led to more than $3 million in fraudulent purchases. Fujitsu denied that its software was storing customer data. But that does little to resolve the situation, which has forced Bank of America, Citibank, Washington Mutual, and Wells Fargo to re-issue about 200,000 debit cards in the past few months. New York and New Jersey police have arrested 14 men in connection with the scam, which Hudson County, N.J., prosecutor Edward De Fazio says originated in Eastern Europe.

Last week also saw the rise of a new kind of bot Trojan software called MetaFisher, or SpyAgent, which uses HTML injection techniques to steal data from victims after they've logged into their bank accounts.

MetaFisher has compromised hundreds of thousands if not millions of accounts, says Ken Dunham, director of rapid response for iDefense, VeriSign's security research arm. The malware targets Spanish, U.K., and German banks and their customers. That spot under your mattress where you stash your cash is looking pretty attractive right about now.

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