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Online ATM-style scam puts shoppers at risk: Symantec

AFP  |  Paris 

are at a growing risk from a scam which allows hackers to their payment details, cyber security firm warned on Wednesday.

"Formjacking" is essentially an of tampering, which allows thieves to grab the PIN codes of unsuspecting customers.

On the internet, hackers inject malicious code into retailers' websites to steal customers' payment details when they conclude a transaction, said in its annual report on cyber security.

Cyber criminals heisted tens of millions of dollars last year thanks to the scheme which targets 4,800 websites every month, it added.

Hackers stole payment details from thousands of customers in an attack last year.

Formjacking has become a more lucrative option for cyber criminals as the value of cryptocurrency declines, said.

"Faced with diminishing returns from ransomware and cryptojacking, cyber criminals are doubling down on alternative methods, such as formjacking, to make money," it said.

Cryptojacking attacks steal from cryptocurrency exchanges and ransomware attacks take over computers of businesses and individuals to ransom them for money. Symantec said it blocked more than 3.7 million formjacking attacks last year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 20 2019. 18:55 IST
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