Skip to main content

Oracle’s Point-of-Sale division targeted by professional hackers

-

Oracle’s Point-of-Sale division targeted by professional hackers

K&L Gates

USA August 17 2016
Oracle confirmed last week that its security was breached by a Russian organized cybercrime group infamous for hacking retailers and banks. Alarmingly, Oracle’s MICROS point-of-sale credit card payment system was one of the systems targeted in the attack. While the impact of the breach is still being investigated, the attack could have had wide impact. MICROS is one of the top three point-of-sale vendors worldwide and sells point-of-sale systems used at more than 330,000 cash registers globally.
It has been reported that Oracle became aware of the breach after its staff discovered malicious code on the MICROS customer support portal and systems. It is thought that the hackers installed malware on the troubleshooting portal in order to capture customers’ credentials as they logged in. Usernames and passwords could then be used to access customer accounts and remotely control MICROS point-of-sales terminals.
The attack has been linked to crime gang, Carbanak Gang, which has been accused of stealing more than $1 Billion from banks and retailers in the past. These guys clearly know what they are doing.
K&L Gates - Cameron Abbott

http://www.lexology.com/library/detail.aspx?g=35fb66dd-3daf-4bc2-9cb0-974d179104f9&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2016-08-22&utm_term=

Comments

Post a Comment

Please share your valuable comments and thoughts on this article. Thanks!

Popular posts from this blog

Responding to Software Review Audits- Good tips on how to handle audit requests and settlements

-
Image
Managing Audits to Prevent Unauthorized Disclosures by Technology Teams by Keli Johnson Swan in Blogs , Software Audits Disputes involving software usage are on the rise for businesses of all sizes. In some cases, technical teams respond to a software publisher’s or a third party’s audit request and provide significant amounts of data without notifying anyone on the corporate governance or the legal teams.  It is critical for those teams to evaluate the publisher’s legal ability to audit, and to identify the data the publisher is entitled to request. It is not uncommon for the legal team to discover the existence of a software audit or license verification after the company has received a demand for damages arising from alleged over-usage of software. Often, employees responding to an audit request do not understand the request and provide inaccurate or incomplete information. Once this information is disclosed, it can expose the business to a damages cla
Read more

"What is the right thing to do?" What's The Difference Between Compliance And Ethics?

-
Image
  What's The Difference Between Compliance And Ethics? Bruce Weinstein, Ph.D. Contributor Customized ethics keynotes, training, and online courses for CE credit May 9, 2019, 01:19pm EDT  TWEET THIS High-character leaders ask, "What is required of me?" but they don't leave it at that. Ethical leaders also ask, "What is the right thing to do? How would an honorable person behave in this situation?" I've noticed some confusion about the roles that ethics and compliance play in organizations. This confusion arises, in part, from the way these two fields are identified. Some companies have only a compliance department. Others have a compliance  and  ethics (or ethics and compliance) department. Some companies have a Chief Ethics Officer separate from compliance. To get some clarity on these crucial roles, I asked seven leaders who are involved in both ethics and compliance to explain the similarities and differences as they saw them. I'll present their vi
Read more

The 6-D model of national culture by Geert Hofstede

-
Image
The 6-D model of national culture Geert Hofstede, assisted by others, came up with six basic issues that society needs to come to term with in order to organize itself. These are called dimensions of culture. Each of them has been expressed on a scale that runs roughly from 0 to 100. Dimension maps of the world: Individualism Each dimension has been derived by comparing many, but not all, countries in the world. The findings can be summarized into six world maps of the distribution of that dimension. Of course, in reality there can be quite a bit of within-country variation; these maps should be seen as rough 'climate maps' of culture. Individualism Individualism is the extent to which people feel independent, as opposed to being interdependent as members of larger wholes. Individualism does not mean egoism. It means that individual choices and decisions are expected. Collectivism does not mean closeness. It means that one "knows one's place&q
Read more