Citigroup suffered about $2.7 million in losses after cybercriminals uncovered a way to lift credit card numbers from its website and make fraudulent transactions.
Citi acknowledged the breach earlier this month, saying hackers had gained accessed to more than 360,000 Citi credit card accounts of U.S. customers. The hackers didn’t breach Citi’s main credit card processing system, but were reportedly able to obtain the numbers, along with the customers’ names and contact information, by logging into the Citi Account Online website and guessing account numbers.
Until now, it wasn’t revealed if any fraud had occurred as a result of the theft. But Citi confirmed Friday that there were losses of $2.7 million from about 3,400 accounts.
The bank has said its customers will not be liable for the fraudalent transactions and losses as a result of them.
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It is being reported that hackers have been able to exploit holes in Windows and Microsoft new of the issue since January of 2011.
The exploit deals with the Windows protocol handler in Windows for MHTML. Be advised the exploit can only be done if the user is running Internet Explorer. Apparently, hackers are using cross-site scripting attacks are intercepting and collecting peoples information, spoofing the content that is displayed to the browser, or interfering with the user’s browsing activities. Read More….
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