The
obvious crime done was the robbery of information of more or less
500,000 Australians who have done their purchases using their credit
cards. How this was done was through the break-in of hackers to the
database of 100 retail stores where customers’ card information
were stored at the time of purchase. Police said that they weren’t
able to exactly quantify, but about 30,000 of the stolen card detail
from Australian businesses’ database were already used to illegally
buy things worth $30M.
Apparently,
retail stores were independently operated and small scale in nature,
thus making them more vulnerable and easier targets because no
stringent security protocols are employed in their internal computer
systems. This has been the common game plan for cyber criminal these
days; small businesses become easy targets because of their illusions
of invulnerability –thinking that since they are small in size,
they would not attract any cybercriminals.
All
affected businesses were told how they were hacked, and they all
agreed to install better security systems which would prevent any
such event again. On the negative side, those are only 100 out of the
almost 500,000 involved. It has come to authorities’ knowledge that
Australians whose credit card information were exposed are still
unaware of the privacy breach. Despite this, authorities claimed that
none of them shall lose money as they are guarded by banks’ and
financial institutions’ privacy policies.
“Australian
banks and credit unions have reimbursed the 30 million dollars in
financial losses suffered by the 30,000 Australians whose credit card
details were used to commit frauds around the world and will continue
to bear the cost if more frauds are committed.” *
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