Federal prosecutors in the US have charged five men responsible for a global hacking and data breach scheme, which cost companies over $300m.
Hackers stole over 160 million credit card numbers and conspired with others to penetrate the computer networks of several of the largest payment processing companies, retailers and financial institutions globally.
The companies targeted by the hackers include NASDAQ, 7-Eleven, Carrefour, JCP, Hannaford, Heartland, Wet Seal, Commidea, Dexia, JetBlue, Dow Jones, Euronet, Visa Jordan, Global Payment, Diners Singapore and Ingenicard.
The US Department of Justice (US DOJ) however said that the NASDAQ hack did not affected its trading platform.
"And this case shows there is a real practical cost because these types of frauds increase the costs of doing business for every American consumer, every day. We cannot be too vigilant and we cannot be too careful."
DOJ’s criminal division acting assistant attorney general Mythili Raman said: "The defendants charged today were allegedly responsible for spearheading a world-wide hacking conspiracy that victimised a wide array of consumers and entities, causing hundreds of millions of dollars in losses."
This article is from the CBROnline archive: some formatting and images may not be present.
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