Tuesday, May 11, 2010

Visa Credit Card Company Warns of Imminent Fraud Attack from Eastern Europe Criminal Group

More and more cyberattacks from all over the map. Visa is the likely next victim - or at least it believes so.

Visa is warning financial institutions that it has received reliable intelligence that an organized criminal group plans to attempt to move large amounts of fraudulent payments through a merchant account in Eastern Europe, possibly as soon as this weekend.

In an alert sent to banks, card issuers and processors this week, Visa said it “has received intelligence from a third-party entity indicating that a criminal group has plans to execute “a large batch settlement fraud scheme.”

Source: Krebs on Security

No comments: