FBI Warns More Retail Data Breach Attacks Are Coming

RAM scraper software on the rise

   

The FBI has issued a warning that more data breach attacks will be hitting retailers in the future.

data-breach-fbiThe FBI says that it expects to see more data breaches, like the one that hit Target (TGT), after it discovered 20 similar incidents in the last year. As a result, the agency sent out a warning to retailers on Jan. 17 alerting them to the threat, reports Reuters.

The data breach attacks occur when hackers use memory-parsing software –a.k.a a RAM scraper– to collect data from credit and debit cards when a customer slides them at a cash register. The software works by retrieving the information on the magnetic strip of a card while it’s in plain text form. While Ram scraper technology has been around for awhile, it’s starting to see a raise with upgrades making it harder to detect, Reuters notes.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/01/fbi-data-breach/.

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