A major problem in the many industries is the security of transactions, because hackers are becoming a bigger problem with more technology being released. Hackers typically attempt to get information from the credit cards at the point of transaction. A common method is to target people using old computers with outdated operating systems, which makes it very easy to get the information from customers. Another method is to steal the information from the card machines that people scan their cards into. This is a big problem for security and many companies are working to make it more difficult for hackers.
- Hackers are attacking the EFTPOS. Electronic funds transfer at point of sale is a credit card machine basically.
- They estimate that at least 10,000 accounts are being hacked with an estimated 2.7 million dollars taken.
- If a credit card machine has been hacked it will say something like out of order tampered state.
“A Ransomware attack gets them say $500 US (hackers always work in US dollars) but here is a guesstimate of what a small shop will bring in for the hacker in EFTPOS.”