Do you know Top 10 credit card scams of all time? No, then keep reading our blog. In this high-tech world, with the change in technology, the mode of payment is also changing. Nowadays, there are very fewer people who use cash as a mode of payment, and everyone uses cashless payment modes like credit cards, debit cards, net banking, and payment apps.
Have you ever thought how save these modes of payments is? Certainly people think making payment through these cards and apps are secure, but what they do not know is that they are putting their financial information at risk. And according to research and surveys, the estimate of unauthorized transactions is in millions with value in billions.
In this tech-savvy world, there is nothing that hackers cannot do, and it is very easy to steal your personal and professional information like login credentials, social media passwords, photos shared online, bank account details, PINS and other essential details with just one click for them.
Here we are with the list of popular top 10 credit card scams of all time and grabbed huge attention all over the globe.
The attack on Sumitomo Mitsui, one among the top 10 credit card scams
In 2004, the offices of the Japanese bank Sumitomo Mitsui were attacked by a hacker who used a tool called ‘keylogger’ to steal passwords from bank accounts. The theft could have become one of the largest in history because thieves managed to steal $ 420 million. However, the criminals did not know how to get rid of the stolen money and tried to deposit it in the accounts of other banks. Similarly, during one of these operations, the Israeli citizen Yeron Belondi got arrested because he tried to deposit 27 million dollars in an account in the Bank of Israel. The other criminals also got arrested, as informed.
Stolen stored value cards, second in the list of top 10 credit card scams
The hackers bought stored value cards and modified the amount of money they contained. An example of this type of card is prepaid cards, but in this case, it was credit cards that were modified the limit of obtaining money. In New York, several people got arrested because they tried to take out 2.7 million dollars in cash from the ATMs of two banks simultaneously. Later it was learned that the group consisted of eight people who managed to steal 45 million dollars.
The attack on Nordea Bank, third in the category of top 10 credit card scams
The hackers infected the computers of Nordea Bank customers with special malicious software that read keystrokes and allowed to recreate the password of their account in the online division of the bank. When entering their personal data, users saw a message on the screen saying that the site was not working temporarily. The attackers, on the other hand, obtained the opportunity to act their whim. In total, they stole $ 943,000.
A hacker against three US banks, fourth most famous in top 10 credit card scams
A hacker nicknamed “Soldier” used a unique set of tools for virtual piracy called SpyEye to steal $ 17,000 a day. This attacker managed to break 3,500 bank accounts in three major US banks: Chase, Wells Fargo and Bank of America. In six months he stole 3.2 million dollars. Later he created a fictitious company and managed to convert money into liquidity.
Theft of bitcoins, fifth one who grabbed most attention in top 10 credit card scams
The bitcoins must be stored somewhere, for example, the personal online portfolios for this virtual currency. One of these bags, inputs.io, was ‘hacked’ and the person responsible for the attack obtained 4,100 bitcoins, and the amount today corresponds to 1.3 million dollars. It is doubtful that the hacker will stop since it is tough to track the migrations of bitcoins.
Attacks of ‘hackers’ suspiciously frequent in Arizona, sixth in the list of top 10 credit card scams
It is difficult to say with certainty why the American state of Arizona suffers hacker attacks more frequently than anywhere else on Earth. Perhaps in that state, there are certain groups of criminals who have created an exclusive network of cybercrimes, or maybe it is just a coincidence. In any case, the statistic seems threatening: for every 100,000 Arizona residents, there are 149 victims of identity theft. Criminals are lined up during the income statement campaign because they receive the tax refunds before the person who made the declaration.
Nazi Teens, seventh which created a massive buzz in the top 10 credit card scams among people
The FBI spent several years investigating a large-scale hacker attack that resulted in the theft of information about 411,000 card owners and attacks against the servers of 47 companies, institutions, and educational bodies. It turned out that the criminal group, called UGNazi, was almost entirely teenager and the oldest hacker was 22 years old. Twenty-eight people got arrested. In another case, they would have stolen 205 million dollars.
Theft to retailer TJX, eighth most famous in top 10 credit card scams
In 2006, a group of ‘hackers’ attacked the protection of the servers of the retailer TJX, which controls the US chains TJ Maxx, Marshall, and Home Goods. They stole credit card information from 94 million people. Sometime later a “hacker” named Albert Gonzalez was arrested, who had attacked along with 11 other criminals. The ‘capo’ of the collective received a prison sentence of 40 years.
Robbery in Heartland Payment Systems, ninth most impactful in top 10 credit card scams
Heartland Payment Systems is a system that conducts economic transactions between US companies. This activity has been tempting for more than one, and on several occasions, there have been attempts to use the system to steal valuable information. Although the experts recommended the company to strengthen its defense, there was not a quick enough reaction from the company, which allowed the hackers to steal from Heartland Payment Systems the information of some 134 million credit cards. However, its known that Albert Gonzalez controlled the operations, and that, as we have said, he finally got arrested.
7-Eleven, last nor the least tenth one in top 10 credit card scams
7- eleven is a convenience stores company, headquartered in Texas. 7- eleven stores were using Heartland Financial Systems facility for credit card processing. In 2009, because of weak IT security, a breach was committed in company’s system. The hackers entered into the company’s firewall by attacking through SQL injection, and 140 million credit cards of the customer were exposed. It cost around $12 million loss to the company. What made this more shocking was that Heartland had recently received the certification of the secure card payment system.
Therefore, by reading the top 10 credit card scams, it is as easy as a wink for hackers to steal your credit card details. So, to save you from being a victim of a cyber attack, you need to be aware and take some precautions while making online payments. To protect your login credentials, personal details and bank account information download Digital Identity Protection Software for free. Learn how to avoid Credit card and Debit card scams.