FBI warns of more credit card breaches

Posted Jan 24, 2014 by Joe Z Hudson
The FBI has warned retailers to be prepared for more cyber attacks like those that affected Target and Neiman Marcus as well as others over the last few months.
The warning comes as the agency reveals that around 20 similar hacking attempts have been discovered over the past year.
In a report sent to retailers recently, the FBI has revealed that the RAM Scraper malware was used in the Target attack and many more. The virus infects cash registers and takes a customer's payment info in the few seconds it is stored as plain text on the cash register before it gets encrypted.
The FBI report said: "We believe POS malware crime will continue to grow over the near term, despite law enforcement and security firms' actions to mitigate it.
"The accessibility of the malware on underground forums, the affordability of the software and the huge potential profits to be made from retail POS systems in the United States make this type of financially motivated cyber crime attractive to a wide range of actors,"
This comes in the week that Target revealed that they would appear before a congressional hearing on the data breach which saw the financial information of more than 100 million customers become "compromised" by the attack.