Eversheds Harry Elias Head, Cybersecurity, Privacy and Data Protection KK Lim comments in The Straits Times article titled “Data from 1,700 credit cards stolen from e-commerce sites”. The article was first published on 25 September 2019.
Data from 1,700 credit cards stolen from e-commerce sites
A skimming software is said to have infected multiple e-commerce websites frequented by Singaporeans, resulting in the data of more than 1,700 credit cards being stolen and sold on the Dark Web in a single database, in one of the biggest cases here.
Singapore-based cyber-security firm Group-IB said this database was one of many linked to 26,102 payment cards issued by Singapore banks that it found sold on the Dark Web from January to last month. The estimated underground value of the cards was US$1.8 million (S$2.5 million).
Below is an excerpt from the article which features comments from KK Lim:
Mr K.K. Lim, head of cyber security, privacy and data protection at law firm Eversheds Harry Elias, said that on the Dark Web, the buying process is hidden, and so those whose details have been stolen might not be aware of it.
Full article can be found here.
Source: The Straits Times
Author: Hariz Baharudin