In Wake of Confirmed Breach at Home Depot, Banks See Spike in PIN Debit Card Fraud
Summary: Home Depot acknowledged a credit and debit card breach affecting its U.S. and Canadian stores dating back to April 2014, and said no debit card PIN data was compromised. In the days after, banks reported steep increases in fraudulent ATM withdrawals, including a New England bank that lost more than $25,000 in Canada and a West Coast bank that lost more than $300,000 in under 120 minutes from Italian ATMs after thieves reset PINs through automated phone systems.
Bottom line: Thieves reset PINs using only the last four digits of a Social Security number, date of birth and card expiration date, and a single West Coast bank lost $300,000 in two hours - so the weak link is the bank's voice response unit, not the point-of-sale terminal.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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