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Carders Cashing Out on Magstrip Cards

July 1, 2016

Two thousand credit card payment terminals stand to become infected with malware called Trinity point of sales.

Ten million credit cards were stolen by hackers, called Fin6, who may end up scoring $400 million. The cards were stolen from retail and hospitality businesses. If each card sells for $21 on secret carder shops, you can see how the hackers will rake in hundreds of millions of dollars.

As you may know, the U.S. is gradually switching over to chip cards. But it will be a while—a very long while—before magnetic strip cards are non-existent in America. Until then, these types of cards remain a favorite target for cyber thieves.

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