Formjacking explained: How hackers target online shoppers, virtually skim card details
Formjacking explained: How hackers target online shoppers, virtually skim card details
Hackers are selling your card details for Rs 3,000 on dark web using a new ‘formjacking’ technique. Here’s everything you need to know.
Online shopping has grown exponentially around the world. Just in India alone, the e-commerce market is expected to hit $150 billion by 2022. Even as more and more consumers go online, cyber criminals are finding new ways to dupe users and steal their private data. The latest is ‘formjacking’, a new hacking technique that targets online shoppers.
Formjacking is essentially a virtual ATM skimming technique under which cyber criminals target website of a retailer by injecting malicious codes. These codes give away access to online shoppers’ payment details including sensitive card details.
According to a latest Symantec report, more than 4,800 unique websites face formjacking attack every month. It also pointed out that there has been a rapid increase in number of such attacks in last one year. Hackers have also started selling card details and personal data on dark web.
“By conservative estimates, cyber criminals may have collected tens of millions of dollars last year, stealing consumers’ financial and personal information through credit card fraud and sales on the dark web, with a single credit card fetching up to $45 in the underground selling forums,” according to the report.
“By conservative estimates, cyber criminals may have collected tens of millions of dollars last year, stealing consumers’ financial and personal information through credit card fraud and sales on the dark web, with a single credit card fetching up to $45 in the underground selling forums,” according to the report.
Formjacking represents a serious threat for both businesses and consumers,” said Greg Clark, CEO, Symantec.
Post a Comment
Post a Comment
if you have any doubts, please let me know