1 Million South Korean Credit Card Records Found Online


Over 1 million South Korea-issued Card Present records have been posted for sale on the dark web since the end of May, Gemini Advisory says. 

The security firm could not pinpoint the exact compromised point of purchase (CPP), but believes the records may have been obtained either from a breached company operating several different businesses or from a compromised point-of-sale (POS) integrator. 

Amid an increase in attacks targeting brick-and-mortar and e-commerce businesses in the Asia Pacific (APAC) region, South Korea emerges as the largest victim of Card Present (CP) data theft by a wide margin, Gemini Advisory says.

Although EMV chips have been used in the country since 2015 and compliance is mandatory since July 2018, CP fraud still frequently occurs, especially due to poor merchant implementation. 

In May 2019, Gemini Advisory found 42,000 compromised South Korea-issued CP records posted for sale on the dark web, with a 448% spike in June, when 230,000 records were observed. In July, there were 890,000 records posted, marking a 2,019% increase from May. 

Overall, more than 1 million compromised South Korea-issued CP records have been posted for sale on the dark web since May 29, 2019. 

The security firm also identified 3.7% US-issued cards, with a credit union that primarily serves the US Air Force emerging as one of the most impacted US financial institutions (the Air Force maintains multiple air bases in South Korea). 

“Through an in-depth analysis of the compromised cards, analysts determined that many of them belong to US cardholders visiting South Korea. Since South Korea has received just over 1 million US travelers in the past 12 months, this should account for the high level of US payment records,” Gemini Advisory says. 

The median price per record is $40, significantly higher than the $24 median price of South Korean CP records across the dark web overall, the security firm notes. While 2018 marked a relatively large supply of such records, but a low demand, 2019 saw lower supply, but a growing demand.

“The demand continued to increase while the supply remained stagnant until the recent spike in South Korean records from June until the present. This sudden influx in card supply may be highly priced in an attempt to capitalize on the growing demand,” Gemini Advisory notes. 

The security firm says attempts to explore potential CPPs were not fruitful, as there were too many possible businesses affected by this breach. The most likely scenarios suggest that either a large business was compromised, or that a POS integrator was breached, impacting multiple merchants.

“South Korea’s high CP fraud rates indicate a weakness in the country’s payment security that fraudsters are motivated to exploit. As this global trend towards increasingly targeting non-Western countries continues, Gemini Advisory assesses with a moderate degree of confidence that both the supply and demand for South Korean-issued CP records in the dark web will likely increase,” the security firm concludes.

Related: A Crash-Course in Card Shops

Related: Payment Card Data Stolen From AeroGrow Website

Copyright 2010 Respective Author at Infosec Island via Infosec Island Latest Articles "https://ift.tt/33msZ7d"

Comments

Post a Comment

Popular posts from this blog

Evernote cuts staff as user growth stalls

Image
Note-taking app Evernote has fallen on hard times of late, culminating in its latest spate of job cuts impacting 15 percent of its workforce (54 employees). CEO Chris O' Neil -- an ex-Googler who took the reins in 2015 -- announced the firings at an all-hands meeting earlier today, reports TechCrunch . In a message on the Evernote blog , O' Neill admitted he'd set "incredibly aggressive goals" for the company in 2018. He continued: "Going forward, we are streamlining certain functions, like sales, so we can continue to speed up and scale others, like product development and engineering." The layoffs follow an exec exodus just weeks ago and the company's recent brand refresh (complete with a refined logo and wordmark). But critics are more concerned about its product, especially the free tier, which they claim lacks the perks to
Read more

The best air conditioner

Image
By Liam McCabe This post was done in partnership with Wirecutter . When readers choose to buy Wirecutter's independently chosen editorial picks, it may earn affiliate commissions that support its work. Read the full article here . After six summers of researching, testing, and recommending window air conditioners, we've learned that quiet and affordable ACs make most people the happiest—and we think the LG LW8016ER will fit the bill in most rooms. This 8,000 Btu unit cools as efficiently and effectively as any model with an equal Btu rating, and runs at a lower volume and deeper pitch than others at this price. Little extra features like a fresh-air vent, two-axis fan blades, and a removable drain plug help set it apart, too. The LG LW8016ER is a top choice for an office or den, and some people will find it quiet enough for a bedroom, too. If our main pic
Read more

We won't see a 'universal' vape oil cartridge anytime soon

Image
Pre-loaded cartridges of cannabis concentrate are currently among the most popular means of consumption, and for good reason. They're discreet to use and easy to handle, a far cry from the dark days of 2016 when we had to dribble hash oil or load wax into narrow-mouthed vape pens by hand. But, frustratingly, an ever increasing number of oil cartridge manufacturers employ one-off design standards so that their products won't work with those of their competitors, thereby locking customers into proprietary ecosystems. We've already seen this with nicotine vaporizers -- which has a seen a massive rise in "pod systems" in the last few years, each outfitted with a unique canister and battery built to be incompatible with those of their competition. Is it too late for the burgeoning cannabis industry to set a universal standard for their product designs?
Read more