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Subway and Other Small Retailers Hacked to the Tune of $3 Million

by on December 28, 2011

A recent indictment filed in U.S. District court indicates that a Romanian hacking band collected credit and debit card data from more than 80,000 victims over the course of the past three years. The real problem is that they didn’t even have to use sophisticated methods to collect that data. Instead, they relied on the poor security practices of these companies to grab the information they wanted.

While security experts have said that if the retailers had been PCI complaint these incidents wouldn’t have occurred, the reality is that smaller retailers don’t often understand what PCI compliance involves, and they don’t have auditors to help them spot potential problem areas.

In this case, the data collected was either sold or used to create counterfeit cards. In an official statement, Subway has said that they’ve taken the necessary steps to block any further problems.

Perhaps the scariest aspect of the case is that with the right security steps, this problem could have been discovered and remedied immediately.

Source:  http://arstechnica.com/business/news/2011/12/how-hackers-gave-subway-a-30-million-lesson-in-point-of-sale-security.ars
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