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Experts Investigate Massive Credit Card Data Stealing Claim Featured Image

Experts Investigate Massive Credit Card Data Stealing Claim

by: Bryon Turcotte  /  April 3, 2014

Experts in "cyber-security" are currently investigating a group called "Anonymous Ukraine" after their recent announcement boasting that they had "_seized information related to 800 million U.S. credit and debit card accounts_", according to an article published in the American Banker's Bank Technology News. According to the report, the group claims to have successfully obtained the data belonging to "_hundreds of millions_" of accounts, including those of "_President Obama and other political heavyweights_" but officials are questioning the truth behind the announcement.

The article indicates that Anonymous Ukraine stated that they "_want to harm the U.S. economy_" in an announcement last week. Risk-Based Security and Battelle, the two security firms assigned to investigate this case, have confirmed that they are "_unable to verify that 800 million accounts, including those of the VIPs, have been compromised_", according to the American Banker report. According to the investigators, the article states that "_many of the records_" shown by this group as evidence of a successful breach include information that is "_incomplete, out of date or fraudulent_" according to the investigators.

Ernest Hampson, Technical Director for Battelle's Cyber Intelligence and Counterintelligence Group, was quoted in the article to say, "I would continue watching posts from the group, and checking their data dumps for validity. It's imperative to keep an eye on your enemy, find out what they're interested in, what their motivation is, what their capabilities are. You have to have somebody out there watching the adversarial groups, watching inside these forums where they gather, discussing and trade research back and forth, and discovering where they're going next before they get there._" Authorities say they know little about _Anonymous Ukraine but, according to the article, some suspect that these claims may come from "_a Russian group aiming to stir trouble between Ukraine and the U.S._" as the crisis continues in the region.

Read more about the investigations behind these claims, Anonymous Ukraine, and the concerns of security authorities in the complete American Banker report.

Written by Bryon Turcotte  /  April 3, 2014