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Manager of prominent Fin7 hacking group sentenced to 10 years in prison
The manager of a hacking group known as Fin7 has been sentenced to 10 years in prison for his role in an international cybercrime operation that targeted US banks and retailers.
Three men arrested for stealing over 15 million payment cards
US officials announced today that three alleged leaders of the cybercrime group known alternatively as Fin7, Carbanak and the Navigator Group have been arrested in Germany, Poland and Spain and charged with 26 felony counts. The charges include conspiracy, wire fraud, computer hacking, access device fraud and aggravated identity theft. The Department of Justice alleges that Fin7 members have targeted more than 100 US companies, hacked thousands of computer systems and stolen 15 million credit and debit card numbers. The group is said to have breached networks in 47 states and Washington, DC and hacked 6,500 point-of-sale terminals at over 3,600 business locations.
Hackers take 5 million payment cards from Saks, Lord & Taylor stores
The wave of large-scale retail data breaches isn't about to subside any time soon. Gemini Advisory has discovered that a JokerStash online crime syndicate, Fin7, is planning to sell over 5 million payment cards stolen from the databases of 83 Saks Fifth Avenue stores (including Off 5th) and the entire network of Lord & Taylor. The crooks are 'only' selling 125,000 of the cards on the Dark Web as of this writing, but the rest are expected to reach the black market in the months ahead. The breaches reportedly started in May 2017, but could be continuing to this day.
