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‘Virtual ATM skimming new threat to businesses’

‘Virtual ATM skimming new threat to businesses’

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  25 Feb 2019 6:17 AM GMT

New Delhi: Faced with diminishing returns from ransomware and cryptojacking, cyber criminals are now raking in millions with formjacking, a new report has said. Formjacking attacks are essentially virtual ATM skimming where cyber criminals inject malicious code into retailers’ websites to steal shoppers’ payment card details.

On an average, more than 4,800 unique websites are compromised with formjacking code every month globally, said cyber security research firm Symantec in its report “Internet Security Threat Report (ISTR)” on Sunday. Symantec blocked more than 3.7 million formjacking attacks on endpoints in 2018, with nearly a third of all detections occurring during the busiest online shopping period of the year - November and December. (IANS)

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