VISA is now aware of a potential attack on the payment system (card reader) that several gas stations utilize across North America.
The main objective of the malicious attack by a cybercrime group is to gain access to the merchant’s network on these gas stations.
Once they get access to the network – they can use it to collect card details of the customers.
Of course, this is a dangerous exploit that should be taken care of. Surprisingly, some of the gas stations still operate on older card systems which could be an easy target for this type of hacking attempt.
ZDNet reported that VISA is already investigating the issue and have found incidents that appear to be the case.
If you observe that the payment system supports chip-and-pin compatible cards – it is safe to use. And, in any case, if you notice a merchant using an outdated payment system – you must encourage them to upgrade it immediately.
Also, VISA instructed to deploy chip-and-pin compatible card readers before October 2020.
If the gas stations with outdated card readers do not upgrade their system within the time frame, they will be held liable for card fraud attacks – if there’s one. This should also encourage merchants to upgrade their payment systems for good.
Filed in . Read more about Hacking, Social Hit and Visa.